QDIV.L vs. CNDX.L
QDIV.L (iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - QDIV.L is a Dividend fund tracking the iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist), while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, QDIV.L returned 11.00%/yr vs 20.97%/yr for CNDX.L. A 0.72 correlation means they provide meaningful diversification when combined. QDIV.L charges 0.35%/yr vs 0.33%/yr for CNDX.L.
Performance
QDIV.L vs. CNDX.L - Performance Comparison
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Returns By Period
In the year-to-date period, QDIV.L achieves a 13.61% return, which is significantly lower than CNDX.L's 15.91% return. Over the past 10 years, QDIV.L has underperformed CNDX.L with an annualized return of 11.00%, while CNDX.L has yielded a comparatively higher 20.97% annualized return.
QDIV.L
- 1D
- -0.27%
- 1M
- -1.14%
- 6M
- 11.96%
- YTD
- 13.61%
- 1Y
- 24.05%
- 3Y*
- 17.79%
- 5Y*
- 11.80%
- 10Y*
- 11.00%
CNDX.L
- 1D
- -0.67%
- 1M
- -3.48%
- 6M
- 16.01%
- YTD
- 15.91%
- 1Y
- 28.40%
- 3Y*
- 23.77%
- 5Y*
- 15.27%
- 10Y*
- 20.97%
QDIV.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDIV.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 13.61% | 16.66% | 15.35% | 14.30% | -6.23% | 21.82% | 0.08% | 21.36% | -3.83% | 18.55% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 15.91% | 19.75% | 26.42% | 56.22% | -33.49% | 27.92% | 48.25% | 37.96% | -1.08% | 31.91% |
Correlation
The correlation between QDIV.L and CNDX.L is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014 | 0.72 |
The correlation between QDIV.L and CNDX.L has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
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Return for Risk
QDIV.L vs. CNDX.L — Risk / Return Rank
QDIV.L
CNDX.L
QDIV.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.L) and iShares NASDAQ 100 UCITS ETF (CNDX.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.
| QDIV.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.29 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.57 | +0.53 |
| Martin ratioReturn relative to average drawdown | 12.18 | 8.61 | +3.56 |
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Drawdowns
QDIV.L vs. CNDX.L - Drawdown Comparison
The maximum QDIV.L drawdown since its inception was -33.39%, smaller than the maximum CNDX.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for QDIV.L and CNDX.L.
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Drawdown Indicators
| QDIV.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.39% | -35.21% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -11.00% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -22.44% | +5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.36% | -35.21% | +17.85% |
Max Drawdown (10Y)Largest decline over 10 years | -33.39% | -35.21% | +1.82% |
Current DrawdownCurrent decline from peak | -1.72% | -3.87% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -5.12% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 3.29% | -1.25% |
Volatility
QDIV.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.L) is 2.94%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that QDIV.L experiences smaller price fluctuations and is considered to be less risky than CNDX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDIV.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 5.89% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 8.95% | 13.78% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 17.32% | -6.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 21.15% | -6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 20.13% | -5.05% |
QDIV.L vs. CNDX.L - Expense Ratio Comparison
QDIV.L has a 0.35% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
QDIV.L vs. CNDX.L - Dividend Comparison
QDIV.L's dividend yield for the trailing twelve months is around 1.52%, while CNDX.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QDIV.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 1.52% | 1.67% | 1.93% | 2.00% | 2.27% | 2.08% | 2.50% | 2.36% | 2.44% | 2.15% | 2.32% | 2.47% |
Frequently Asked Questions
QDIV.L and CNDX.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNDX.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNDX.L is cheaper with a 0.33% expense ratio, compared with 0.35% for QDIV.L.
QDIV.L is categorized as Dividend, while CNDX.L is Nasdaq-100. QDIV.L tracks iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist), while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.35% for QDIV.L and 0.33% for CNDX.L.
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