SPLT.L vs. CNX1.L
SPLT.L (iShares Physical Platinum ETC) and CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - SPLT.L is a Precious Metals fund tracking the Platinum, while CNX1.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, SPLT.L returned 7.15%/yr vs 22.43%/yr for CNX1.L. At a 0.17 correlation, their price movements are largely independent. SPLT.L charges 0.20%/yr vs 0.36%/yr for CNX1.L.
Performance
SPLT.L vs. CNX1.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPLT.L achieves a -5.28% return, which is significantly lower than CNX1.L's 19.85% return. Over the past 10 years, SPLT.L has underperformed CNX1.L with an annualized return of 7.15%, while CNX1.L has yielded a comparatively higher 22.43% annualized return.
SPLT.L
- 1D
- 0.20%
- 1M
- -2.87%
- YTD
- -5.28%
- 6M
- 14.16%
- 1Y
- 74.34%
- 3Y*
- 18.81%
- 5Y*
- 11.07%
- 10Y*
- 7.15%
CNX1.L
- 1D
- -0.63%
- 1M
- 9.63%
- YTD
- 19.85%
- 6M
- 18.42%
- 1Y
- 41.69%
- 3Y*
- 24.68%
- 5Y*
- 18.83%
- 10Y*
- 22.43%
SPLT.L vs. CNX1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPLT.L iShares Physical Platinum ETC | -5.28% | 104.63% | -8.37% | -10.78% | 23.96% | -10.18% | 7.04% | 17.70% | -9.90% | -6.89% |
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 19.85% | 11.57% | 28.51% | 47.71% | -25.53% | 29.50% | 43.24% | 33.63% | 4.62% | 20.13% |
Correlation
The correlation between SPLT.L and CNX1.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.17 |
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Return for Risk
SPLT.L vs. CNX1.L — Risk / Return Rank
SPLT.L
CNX1.L
SPLT.L vs. CNX1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Platinum ETC (SPLT.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.
| SPLT.L | CNX1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.50 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.76 | -1.58 |
| Martin ratioReturn relative to average drawdown | 4.51 | 11.10 | -6.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPLT.L | CNX1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.82 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.98 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 1.16 | -0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 1.14 | -1.09 |
Drawdowns
SPLT.L vs. CNX1.L - Drawdown Comparison
The maximum SPLT.L drawdown since its inception was -58.05%, 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 SPLT.L and CNX1.L.
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Drawdown Indicators
| SPLT.L | CNX1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.05% | -27.56% | -30.49% |
Max Drawdown (1Y)Largest decline over 1 year | -33.87% | -11.03% | -22.84% |
Max Drawdown (3Y)Largest decline over 3 years | -33.87% | -24.56% | -9.31% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -27.56% | -6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -45.00% | -27.56% | -17.44% |
Current DrawdownCurrent decline from peak | -32.43% | -0.63% | -31.80% |
Average DrawdownAverage peak-to-trough decline | -34.19% | -4.57% | -29.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 3.75% | +12.66% |
Volatility
SPLT.L vs. CNX1.L - Volatility Comparison
iShares Physical Platinum ETC (SPLT.L) has a higher volatility of 10.95% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) at 4.13%. This indicates that SPLT.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
| SPLT.L | CNX1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 4.13% | +6.82% |
Volatility (6M)Calculated over the trailing 6-month period | 41.59% | 10.38% | +31.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.08% | 14.70% | +32.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.48% | 19.16% | +11.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 19.44% | +8.48% |
SPLT.L vs. CNX1.L - Expense Ratio Comparison
SPLT.L has a 0.20% expense ratio, which is lower than CNX1.L's 0.36% expense ratio.
Dividends
SPLT.L vs. CNX1.L - Dividend Comparison
Neither SPLT.L nor CNX1.L has paid dividends to shareholders.
Frequently Asked Questions
SPLT.L and CNX1.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPLT.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPLT.L is cheaper with a 0.20% expense ratio, compared with 0.36% for CNX1.L.
SPLT.L is categorized as Precious Metals, while CNX1.L is Nasdaq-100. SPLT.L tracks Platinum, while CNX1.L tracks NASDAQ-100 Index. Their fees differ too: 0.20% for SPLT.L and 0.36% for CNX1.L.
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