VVSM.DE vs. CSNDX.MI
VVSM.DE (VanEck Semiconductor UCITS ETF) and CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index, while CSNDX.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, VVSM.DE returned 38.39%/yr vs 18.66%/yr for CSNDX.MI. Their correlation of 0.82 suggests significant overlap in exposure. VVSM.DE charges 0.35%/yr vs 0.30%/yr for CSNDX.MI.
Performance
VVSM.DE vs. CSNDX.MI - Performance Comparison
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Returns By Period
In the year-to-date period, VVSM.DE achieves a 88.80% return, which is significantly higher than CSNDX.MI's 20.42% return.
VVSM.DE
- 1D
- 5.78%
- 1M
- 14.92%
- YTD
- 88.80%
- 6M
- 94.46%
- 1Y
- 164.58%
- 3Y*
- 55.11%
- 5Y*
- 38.39%
- 10Y*
- —
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%
VVSM.DE vs. CSNDX.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVSM.DE VanEck Semiconductor UCITS ETF | 88.80% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 20.42% | 6.74% | 35.09% | 50.07% | -30.24% | 39.83% | 3.11% |
Correlation
The correlation between VVSM.DE and CSNDX.MI is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.82 |
The correlation between VVSM.DE and CSNDX.MI has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
VVSM.DE vs. CSNDX.MI — Risk / Return Rank
VVSM.DE
CSNDX.MI
VVSM.DE vs. CSNDX.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.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.
| VVSM.DE | CSNDX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.42 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 13.76 | 3.79 | +9.97 |
| Martin ratioReturn relative to average drawdown | 44.81 | 11.18 | +33.63 |
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Drawdowns
VVSM.DE vs. CSNDX.MI - Drawdown Comparison
The maximum VVSM.DE drawdown since its inception was -37.65%, 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 VVSM.DE and CSNDX.MI.
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Drawdown Indicators
| VVSM.DE | CSNDX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.65% | -31.19% | -6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -9.95% | -1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -26.71% | -10.81% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -31.19% | -6.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.19% | — |
Current DrawdownCurrent decline from peak | -1.32% | -0.81% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -5.42% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.37% | +0.21% |
Volatility
VVSM.DE vs. CSNDX.MI - Volatility Comparison
VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 13.48% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) at 4.28%. This indicates that VVSM.DE's price experiences larger fluctuations and is considered to be riskier 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
| VVSM.DE | CSNDX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.48% | 4.28% | +9.20% |
Volatility (6M)Calculated over the trailing 6-month period | 26.15% | 10.79% | +15.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.27% | 15.61% | +17.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.43% | 19.79% | +11.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.86% | 19.61% | +12.25% |
VVSM.DE vs. CSNDX.MI - Expense Ratio Comparison
VVSM.DE has a 0.35% expense ratio, which is higher than CSNDX.MI's 0.30% expense ratio.
Dividends
VVSM.DE vs. CSNDX.MI - Dividend Comparison
Neither VVSM.DE nor CSNDX.MI has paid dividends to shareholders.
Frequently Asked Questions
VVSM.DE and CSNDX.MI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSNDX.MI is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSNDX.MI is cheaper with a 0.30% expense ratio, compared with 0.35% for VVSM.DE.
VVSM.DE is categorized as Semiconductors, while CSNDX.MI is Nasdaq-100. VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index, while CSNDX.MI tracks NASDAQ-100 Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.35% for VVSM.DE and 0.30% for CSNDX.MI.
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