SHLD.L vs. CNDX.L
SHLD.L (iShares Digital Security UCITS ETF USD Dist) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - SHLD.L is a Technology Equities fund tracking the iShares Digital Security UCITS ETF USD Dist, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, SHLD.L returned 9.32%/yr vs 15.27%/yr for CNDX.L. Their correlation of 0.81 suggests significant overlap in exposure. SHLD.L charges 0.40%/yr vs 0.33%/yr for CNDX.L.
Performance
SHLD.L vs. CNDX.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHLD.L achieves a 17.77% return, which is significantly higher than CNDX.L's 15.91% return.
SHLD.L
- 1D
- 0.11%
- 1M
- 3.71%
- 6M
- 17.56%
- YTD
- 17.77%
- 1Y
- 25.07%
- 3Y*
- 19.63%
- 5Y*
- 9.32%
- 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%
SHLD.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SHLD.L iShares Digital Security UCITS ETF USD Dist | 17.77% | 11.51% | 16.55% | 33.91% | -29.11% | 16.50% | 27.22% | 28.27% | -1.78% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 15.91% | 19.75% | 26.42% | 56.22% | -33.49% | 27.92% | 48.25% | 37.96% | -6.35% |
Correlation
The correlation between SHLD.L and CNDX.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2018 | 0.81 |
The correlation between SHLD.L and CNDX.L shifts across timeframes, from 0.67 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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
SHLD.L vs. CNDX.L — Risk / Return Rank
SHLD.L
CNDX.L
SHLD.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD Dist (SHLD.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.
| SHLD.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.57 | -0.34 |
| Martin ratioReturn relative to average drawdown | 4.84 | 8.61 | -3.78 |
Loading charts...
Drawdowns
SHLD.L vs. CNDX.L - Drawdown Comparison
The maximum SHLD.L drawdown since its inception was -36.07%, roughly equal to the maximum CNDX.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for SHLD.L and CNDX.L.
Loading charts...
Drawdown Indicators
| SHLD.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.07% | -35.21% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -11.00% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -22.44% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -36.07% | -35.21% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | -4.38% | -3.87% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -5.12% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 3.29% | +1.98% |
Volatility
SHLD.L vs. CNDX.L - Volatility Comparison
iShares Digital Security UCITS ETF USD Dist (SHLD.L) has a higher volatility of 7.42% compared to iShares NASDAQ 100 UCITS ETF (CNDX.L) at 5.89%. This indicates that SHLD.L's price experiences larger fluctuations and is considered to be riskier than CNDX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHLD.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 5.89% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 13.78% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.64% | 17.32% | +4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 21.15% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 20.13% | +1.10% |
SHLD.L vs. CNDX.L - Expense Ratio Comparison
SHLD.L has a 0.40% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
SHLD.L vs. CNDX.L - Dividend Comparison
SHLD.L's dividend yield for the trailing twelve months is around 0.35%, while CNDX.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD.L iShares Digital Security UCITS ETF USD Dist | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
Frequently Asked Questions
SHLD.L and CNDX.L have a correlation of 0.67, 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 0.40% for SHLD.L.
SHLD.L is categorized as Technology Equities, while CNDX.L is Nasdaq-100. SHLD.L tracks iShares Digital Security UCITS ETF USD Dist, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.40% for SHLD.L and 0.33% for CNDX.L.
Find the right allocation for SHLD.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