PCT.L vs. CNX1.L
PCT.L (Polar Capital Technology Trust) is a stock, while CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, PCT.L returned 57.13%/yr vs 20.27%/yr for CNX1.L. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
PCT.L vs. CNX1.L - Performance Comparison
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Returns By Period
In the year-to-date period, PCT.L achieves a 35.24% return, which is significantly higher than CNX1.L's 12.52% return. Over the past 10 years, PCT.L has outperformed CNX1.L with an annualized return of 57.13%, while CNX1.L has yielded a comparatively lower 20.27% annualized return.
PCT.L
- 1D
- -2.86%
- 1M
- -12.18%
- 6M
- 27.41%
- YTD
- 35.24%
- 1Y
- 62.56%
- 3Y*
- 41.07%
- 5Y*
- 92.34%
- 10Y*
- 57.13%
CNX1.L
- 1D
- -2.10%
- 1M
- -5.47%
- 6M
- 11.30%
- YTD
- 12.52%
- 1Y
- 23.82%
- 3Y*
- 21.45%
- 5Y*
- 15.15%
- 10Y*
- 20.27%
PCT.L vs. CNX1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCT.L Polar Capital Technology Trust | 35.24% | 33.14% | 34.30% | 1,405.22% | -36.80% | 18.35% | 45.33% | 43.66% | -2.90% | 34.24% |
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 12.52% | 11.57% | 28.51% | 47.71% | -25.53% | 29.50% | 43.24% | 33.63% | 4.62% | 20.13% |
Correlation
The correlation between PCT.L and CNX1.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2010 | 0.73 |
The correlation between PCT.L and CNX1.L shifts across timeframes, from 0.73 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PCT.L vs. CNX1.L — Risk / Return Rank
PCT.L
CNX1.L
PCT.L vs. CNX1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polar Capital Technology Trust (PCT.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCT.L | CNX1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.26 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 2.15 | +2.16 |
| Martin ratioReturn relative to average drawdown | 15.60 | 6.00 | +9.60 |
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Drawdowns
PCT.L vs. CNX1.L - Drawdown Comparison
The maximum PCT.L drawdown since its inception was -52.73%, which is greater than CNX1.L's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for PCT.L and CNX1.L.
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Drawdown Indicators
| PCT.L | CNX1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.73% | -27.56% | -25.17% |
Max Drawdown (1Y)Largest decline over 1 year | -14.45% | -11.03% | -3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -33.20% | -24.56% | -8.64% |
Max Drawdown (5Y)Largest decline over 5 years | -37.89% | -27.56% | -10.33% |
Max Drawdown (10Y)Largest decline over 10 years | -37.89% | -27.56% | -10.33% |
Current DrawdownCurrent decline from peak | -14.45% | -7.49% | -6.96% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -4.90% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 3.96% | +0.04% |
Volatility
PCT.L vs. CNX1.L - Volatility Comparison
Polar Capital Technology Trust (PCT.L) has a higher volatility of 9.51% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) at 6.18%. This indicates that PCT.L's price experiences larger fluctuations and is considered to be riskier than CNX1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCT.L | CNX1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.51% | 6.18% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 20.87% | 12.58% | +8.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.22% | 16.48% | +9.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 409.21% | 30.43% | +378.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 289.68% | 25.51% | +264.17% |
Dividends
PCT.L vs. CNX1.L - Dividend Comparison
Neither PCT.L nor CNX1.L has paid dividends to shareholders.
Frequently Asked Questions
PCT.L and CNX1.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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