SXRG.DE vs. CNDX.L
SXRG.DE (iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - SXRG.DE is a Small Cap Blend Equities fund tracking the MSCI USA Small Cap ESG Enhanced Focus CTB, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, SXRG.DE returned 10.73%/yr vs 21.36%/yr for CNDX.L. A 0.61 correlation means they provide meaningful diversification when combined. SXRG.DE charges 0.43%/yr vs 0.33%/yr for CNDX.L.
Performance
SXRG.DE vs. CNDX.L - Performance Comparison
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Different Trading Currencies
SXRG.DE is traded in EUR, while CNDX.L is traded in USD. To make them comparable, the CNDX.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXRG.DE achieves a 16.26% return, which is significantly lower than CNDX.L's 21.02% return. Over the past 10 years, SXRG.DE has underperformed CNDX.L with an annualized return of 10.73%, while CNDX.L has yielded a comparatively higher 21.36% annualized return.
SXRG.DE
- 1D
- 0.84%
- 1M
- 4.42%
- YTD
- 16.26%
- 6M
- 16.37%
- 1Y
- 31.93%
- 3Y*
- 13.50%
- 5Y*
- 7.64%
- 10Y*
- 10.73%
CNDX.L
- 1D
- -0.80%
- 1M
- 9.24%
- YTD
- 21.02%
- 6M
- 19.42%
- 1Y
- 37.92%
- 3Y*
- 24.58%
- 5Y*
- 18.70%
- 10Y*
- 21.36%
SXRG.DE vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRG.DE iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) | 16.26% | -1.21% | 15.85% | 13.82% | -12.53% | 29.74% | 6.96% | 30.76% | -7.93% | 2.34% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 21.02% | 5.54% | 34.80% | 51.63% | -29.33% | 37.53% | 36.10% | 41.19% | 3.62% | 16.09% |
Correlation
The correlation between SXRG.DE and CNDX.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2010 | 0.61 |
The correlation between SXRG.DE and CNDX.L has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
SXRG.DE vs. CNDX.L — Risk / Return Rank
SXRG.DE
CNDX.L
SXRG.DE vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (SXRG.DE) 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.
| SXRG.DE | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.15 | 3.65 | +1.51 |
| Martin ratioReturn relative to average drawdown | 15.48 | 10.81 | +4.67 |
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
| SXRG.DE | CNDX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.30 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.91 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 1.05 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.12 | -0.60 |
Drawdowns
SXRG.DE vs. CNDX.L - Drawdown Comparison
The maximum SXRG.DE drawdown since its inception was -41.79%, which is greater than CNDX.L's maximum drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for SXRG.DE and CNDX.L.
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Drawdown Indicators
| SXRG.DE | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.79% | -31.40% | -10.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -10.26% | +4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -31.54% | -25.93% | -5.61% |
Max Drawdown (5Y)Largest decline over 5 years | -31.54% | -31.40% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -41.79% | -31.40% | -10.39% |
Current DrawdownCurrent decline from peak | 0.00% | -0.80% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -5.48% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 3.48% | -1.42% |
Volatility
SXRG.DE vs. CNDX.L - Volatility Comparison
The current volatility for iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (SXRG.DE) is 3.75%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 4.60%. This indicates that SXRG.DE 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
| SXRG.DE | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 4.60% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 11.80% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 16.28% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 20.60% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 20.35% | 0.00% |
SXRG.DE vs. CNDX.L - Expense Ratio Comparison
SXRG.DE has a 0.43% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
SXRG.DE vs. CNDX.L - Dividend Comparison
Neither SXRG.DE nor CNDX.L has 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% | 0.02% | 0.05% | 0.06% | 0.03% | 0.04% | 0.07% | 0.06% | 0.30% | 0.16% | 0.16% |
SXRG.DE iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SXRG.DE and CNDX.L have a correlation of 0.62, 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 0.43% for SXRG.DE.
SXRG.DE is categorized as Small Cap Blend Equities, while CNDX.L is Nasdaq-100. SXRG.DE tracks MSCI USA Small Cap ESG Enhanced Focus CTB, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.43% for SXRG.DE and 0.33% for CNDX.L.
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