R1GR.L vs. CNDX.L
R1GR.L (iShares Russell 1000 Growth UCITS ETF) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - R1GR.L is a Global Equities fund tracking the iShares Russell 1000 Growth UCITS ETF, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, R1GR.L returned 20.56%/yr vs 23.77%/yr for CNDX.L. With a 0.96 correlation, they move nearly in lockstep.
Performance
R1GR.L vs. CNDX.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, R1GR.L achieves a 3.02% return, which is significantly lower than CNDX.L's 15.91% return.
R1GR.L
- 1D
- -0.21%
- 1M
- -1.39%
- 6M
- 4.77%
- YTD
- 3.02%
- 1Y
- 13.82%
- 3Y*
- 20.56%
- 5Y*
- —
- 10Y*
- —
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%
R1GR.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
R1GR.L iShares Russell 1000 Growth UCITS ETF | 3.02% | 17.39% | 34.17% | 10.92% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 15.91% | 19.75% | 26.42% | 13.27% |
Correlation
The correlation between R1GR.L and CNDX.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.96 |
The correlation between R1GR.L and CNDX.L has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
R1GR.L vs. CNDX.L — Risk / Return Rank
R1GR.L
CNDX.L
R1GR.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Growth UCITS ETF (R1GR.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.
| R1GR.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.29 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 2.57 | -1.63 |
| Martin ratioReturn relative to average drawdown | 2.86 | 8.61 | -5.76 |
Loading charts...
Drawdowns
R1GR.L vs. CNDX.L - Drawdown Comparison
The maximum R1GR.L drawdown since its inception was -23.18%, smaller than the maximum CNDX.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for R1GR.L and CNDX.L.
Loading charts...
Drawdown Indicators
| R1GR.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.18% | -35.21% | +12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -15.74% | -11.00% | -4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -23.18% | -22.44% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | -4.75% | -3.87% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -5.12% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 3.29% | +1.87% |
Volatility
R1GR.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares Russell 1000 Growth UCITS ETF (R1GR.L) is 5.51%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that R1GR.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.
Loading charts...
Volatility by Period
| R1GR.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 5.89% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.74% | 13.78% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 17.32% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 21.15% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 20.13% | -2.10% |
Dividends
R1GR.L vs. CNDX.L - Dividend Comparison
Neither R1GR.L nor CNDX.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, R1GR.L and CNDX.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
R1GR.L is categorized as Global Equities, while CNDX.L is Nasdaq-100. R1GR.L tracks iShares Russell 1000 Growth UCITS ETF, while CNDX.L tracks NASDAQ-100 Index.
Find the right allocation for R1GR.L and CNDX.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer