SPYI.DE vs. CSNDX.MI
SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI), while CSNDX.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, SPYI.DE returned 12.27%/yr vs 21.25%/yr for CSNDX.MI. Their correlation of 0.81 suggests significant overlap in exposure. SPYI.DE charges 0.17%/yr vs 0.30%/yr for CSNDX.MI.
Performance
SPYI.DE vs. CSNDX.MI - Performance Comparison
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Returns By Period
In the year-to-date period, SPYI.DE achieves a 12.53% return, which is significantly lower than CSNDX.MI's 20.42% return. Over the past 10 years, SPYI.DE has underperformed CSNDX.MI with an annualized return of 12.27%, while CSNDX.MI has yielded a comparatively higher 21.25% annualized return.
SPYI.DE
- 1D
- 1.91%
- 1M
- 2.37%
- YTD
- 12.53%
- 6M
- 14.24%
- 1Y
- 27.76%
- 3Y*
- 16.73%
- 5Y*
- 11.62%
- 10Y*
- 12.27%
CSNDX.MI
- 1D
- -0.81%
- 1M
- 3.91%
- YTD
- 20.42%
- 6M
- 22.03%
- 1Y
- 39.23%
- 3Y*
- 24.49%
- 5Y*
- 18.66%
- 10Y*
- 21.25%
SPYI.DE vs. CSNDX.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 12.53% | 9.07% | 22.98% | 17.54% | -12.93% | 27.77% | 5.37% | 29.81% | -6.73% | 8.25% |
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 20.42% | 6.74% | 35.09% | 50.07% | -30.24% | 39.83% | 35.45% | 41.91% | 3.62% | 16.34% |
Correlation
The correlation between SPYI.DE and CSNDX.MI is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | 0.81 |
The correlation between SPYI.DE and CSNDX.MI has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
SPYI.DE vs. CSNDX.MI — Risk / Return Rank
SPYI.DE
CSNDX.MI
SPYI.DE vs. CSNDX.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI). 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.
| SPYI.DE | CSNDX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.42 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 3.79 | +0.41 |
| Martin ratioReturn relative to average drawdown | 16.67 | 11.18 | +5.49 |
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Drawdowns
SPYI.DE vs. CSNDX.MI - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -41.58%, which is greater than CSNDX.MI's maximum drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for SPYI.DE and CSNDX.MI.
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Drawdown Indicators
| SPYI.DE | CSNDX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -31.19% | -10.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -9.95% | +3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -21.64% | -26.71% | +5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | -31.19% | +9.55% |
Max Drawdown (10Y)Largest decline over 10 years | -34.49% | -31.19% | -3.30% |
Current DrawdownCurrent decline from peak | -1.23% | -0.81% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -5.42% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 3.37% | -1.74% |
Volatility
SPYI.DE vs. CSNDX.MI - Volatility Comparison
The current volatility for SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) is 3.48%, while iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) has a volatility of 4.28%. This indicates that SPYI.DE experiences smaller price fluctuations and is considered to be less risky than CSNDX.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYI.DE | CSNDX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 4.28% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 10.79% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 15.61% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.96% | 19.79% | -5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 19.61% | -3.65% |
SPYI.DE vs. CSNDX.MI - Expense Ratio Comparison
SPYI.DE has a 0.17% expense ratio, which is lower than CSNDX.MI's 0.30% expense ratio.
Dividends
SPYI.DE vs. CSNDX.MI - Dividend Comparison
Neither SPYI.DE nor CSNDX.MI has paid dividends to shareholders.
Frequently Asked Questions
SPYI.DE and CSNDX.MI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.30% for CSNDX.MI.
SPYI.DE is categorized as Global Equities, while CSNDX.MI is Nasdaq-100. SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), while CSNDX.MI tracks NASDAQ-100 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.17% for SPYI.DE and 0.30% for CSNDX.MI.
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