VNRT.AS vs. CNDX.L
VNRT.AS (Vanguard FTSE North America UCITS ETF) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - VNRT.AS is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, VNRT.AS returned 14.82%/yr vs 21.53%/yr for CNDX.L. Their correlation of 0.82 suggests significant overlap in exposure. VNRT.AS charges 0.10%/yr vs 0.33%/yr for CNDX.L.
Performance
VNRT.AS vs. CNDX.L - Performance Comparison
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Different Trading Currencies
VNRT.AS 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, VNRT.AS achieves a 11.28% return, which is significantly lower than CNDX.L's 21.89% return. Over the past 10 years, VNRT.AS has underperformed CNDX.L with an annualized return of 14.82%, while CNDX.L has yielded a comparatively higher 21.53% annualized return.
VNRT.AS
- 1D
- -0.22%
- 1M
- 6.09%
- YTD
- 11.28%
- 6M
- 11.69%
- 1Y
- 25.46%
- 3Y*
- 19.30%
- 5Y*
- 14.36%
- 10Y*
- 14.82%
CNDX.L
- 1D
- 0.11%
- 1M
- 11.52%
- YTD
- 21.89%
- 6M
- 20.45%
- 1Y
- 39.03%
- 3Y*
- 25.15%
- 5Y*
- 18.87%
- 10Y*
- 21.53%
VNRT.AS vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNRT.AS Vanguard FTSE North America UCITS ETF | 11.28% | 5.05% | 33.00% | 21.72% | -14.59% | 38.18% | 9.34% | 33.03% | -1.13% | 6.64% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 21.89% | 5.54% | 34.80% | 51.63% | -29.33% | 37.53% | 36.10% | 41.19% | 3.62% | 16.09% |
Correlation
The correlation between VNRT.AS and CNDX.L 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 | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.82 |
The correlation between VNRT.AS and CNDX.L has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.
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Return for Risk
VNRT.AS vs. CNDX.L — Risk / Return Rank
VNRT.AS
CNDX.L
VNRT.AS vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE North America UCITS ETF (VNRT.AS) 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.
| VNRT.AS | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.42 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 3.75 | -0.20 |
| Martin ratioReturn relative to average drawdown | 12.73 | 11.13 | +1.61 |
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
| VNRT.AS | CNDX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.37 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.91 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 1.06 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.13 | -0.65 |
Drawdowns
VNRT.AS vs. CNDX.L - Drawdown Comparison
The maximum VNRT.AS drawdown since its inception was -34.35%, 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 VNRT.AS and CNDX.L.
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Drawdown Indicators
| VNRT.AS | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.35% | -31.40% | -2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -10.26% | +3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -23.09% | -25.93% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -31.40% | +8.31% |
Max Drawdown (10Y)Largest decline over 10 years | -34.35% | -31.40% | -2.95% |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -5.48% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 3.48% | -1.50% |
Volatility
VNRT.AS vs. CNDX.L - Volatility Comparison
The current volatility for Vanguard FTSE North America UCITS ETF (VNRT.AS) is 2.68%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 4.57%. This indicates that VNRT.AS 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
| VNRT.AS | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 4.57% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 11.78% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.38% | 16.37% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 20.60% | -5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 20.35% | -3.08% |
VNRT.AS vs. CNDX.L - Expense Ratio Comparison
VNRT.AS has a 0.10% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.
Dividends
VNRT.AS vs. CNDX.L - Dividend Comparison
VNRT.AS's dividend yield for the trailing twelve months is around 0.87%, while CNDX.L has not 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% |
VNRT.AS Vanguard FTSE North America UCITS ETF | 0.87% | 0.98% | 0.99% | 1.25% | 1.45% | 1.00% | 1.42% | 1.44% | 1.77% | 1.64% | 1.58% | 1.70% |
Frequently Asked Questions
VNRT.AS and CNDX.L 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, VNRT.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VNRT.AS is cheaper with a 0.10% expense ratio, compared with 0.33% for CNDX.L.
VNRT.AS is categorized as Large Cap Blend Equities, while CNDX.L is Nasdaq-100. VNRT.AS tracks Russell 1000 TR USD, while CNDX.L tracks NASDAQ-100 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VNRT.AS and 0.33% for CNDX.L.
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