WDIV vs. CNDX.AS
WDIV (SPDR S&P Global Dividend ETF) and CNDX.AS (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - WDIV is a Global Equities fund tracking the S&P Global Dividend Aristocrats Index sp_43, while CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, WDIV returned 7.23%/yr vs 21.52%/yr for CNDX.AS. At a 0.38 correlation, their price movements are largely independent. WDIV charges 0.40%/yr vs 0.36%/yr for CNDX.AS.
Performance
WDIV vs. CNDX.AS - Performance Comparison
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Different Trading Currencies
WDIV is traded in USD, while CNDX.AS is traded in EUR. To make them comparable, the CNDX.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WDIV achieves a 7.69% return, which is significantly lower than CNDX.AS's 19.56% return. Over the past 10 years, WDIV has underperformed CNDX.AS with an annualized return of 7.23%, while CNDX.AS has yielded a comparatively higher 21.52% annualized return.
WDIV
- 1D
- -1.14%
- 1M
- -0.38%
- YTD
- 7.69%
- 6M
- 9.59%
- 1Y
- 20.15%
- 3Y*
- 16.63%
- 5Y*
- 7.47%
- 10Y*
- 7.23%
CNDX.AS
- 1D
- -0.66%
- 1M
- 4.29%
- YTD
- 19.56%
- 6M
- 18.40%
- 1Y
- 39.86%
- 3Y*
- 27.92%
- 5Y*
- 17.57%
- 10Y*
- 21.52%
WDIV vs. CNDX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDIV SPDR S&P Global Dividend ETF | 7.69% | 27.16% | 7.61% | 8.21% | -6.92% | 14.44% | -10.18% | 20.12% | -8.81% | 19.03% |
CNDX.AS iShares NASDAQ 100 UCITS ETF | 19.56% | 20.42% | 26.92% | 55.16% | -34.12% | 29.34% | 47.85% | 37.78% | -0.35% | 32.54% |
Correlation
The correlation between WDIV and CNDX.AS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 31, 2013 | 0.38 |
The correlation between WDIV and CNDX.AS shifts across timeframes, from 0.27 (3 years) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WDIV vs. CNDX.AS — Risk / Return Rank
WDIV
CNDX.AS
WDIV vs. CNDX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend ETF (WDIV) and iShares NASDAQ 100 UCITS ETF (CNDX.AS). 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.
| WDIV | CNDX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.43 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 3.55 | -1.12 |
| Martin ratioReturn relative to average drawdown | 8.95 | 13.44 | -4.49 |
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
| WDIV | CNDX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.55 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.84 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 1.07 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.98 | -0.52 |
Drawdowns
WDIV vs. CNDX.AS - Drawdown Comparison
The maximum WDIV drawdown since its inception was -42.34%, which is greater than CNDX.AS's maximum drawdown of -35.03%. Use the drawdown chart below to compare losses from any high point for WDIV and CNDX.AS.
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Drawdown Indicators
| WDIV | CNDX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.34% | -35.03% | -7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -11.15% | +2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -11.26% | -22.88% | +11.62% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -35.03% | +12.91% |
Max Drawdown (10Y)Largest decline over 10 years | -42.34% | -35.03% | -7.31% |
Current DrawdownCurrent decline from peak | -1.72% | -0.79% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -5.26% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.96% | -0.62% |
Volatility
WDIV vs. CNDX.AS - Volatility Comparison
The current volatility for SPDR S&P Global Dividend ETF (WDIV) is 2.97%, while iShares NASDAQ 100 UCITS ETF (CNDX.AS) has a volatility of 4.58%. This indicates that WDIV experiences smaller price fluctuations and is considered to be less risky than CNDX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDIV | CNDX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 4.58% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 11.22% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.26% | 15.49% | -5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.77% | 20.49% | -7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 19.87% | -4.48% |
WDIV vs. CNDX.AS - Expense Ratio Comparison
WDIV has a 0.40% expense ratio, which is higher than CNDX.AS's 0.36% expense ratio.
Dividends
WDIV vs. CNDX.AS - Dividend Comparison
WDIV's dividend yield for the trailing twelve months is around 4.06%, while CNDX.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNDX.AS iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WDIV SPDR S&P Global Dividend ETF | 4.06% | 4.27% | 4.63% | 4.73% | 5.12% | 4.15% | 5.55% | 3.99% | 4.42% | 3.62% | 4.32% | 5.03% |
Frequently Asked Questions
WDIV and CNDX.AS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNDX.AS is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNDX.AS is cheaper with a 0.36% expense ratio, compared with 0.40% for WDIV.
WDIV is categorized as Global Equities, while CNDX.AS is Nasdaq-100. WDIV tracks S&P Global Dividend Aristocrats Index sp_43, while CNDX.AS tracks NASDAQ-100 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for WDIV and 0.36% for CNDX.AS.
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