XDWT.DE vs. CNDX.AS
XDWT.DE (Xtrackers MSCI World Information Technology UCITS ETF 1C) and CNDX.AS (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - XDWT.DE is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, XDWT.DE returned 24.00%/yr vs 21.25%/yr for CNDX.AS. Their correlation of 0.95 suggests significant overlap in exposure. XDWT.DE charges 0.25%/yr vs 0.36%/yr for CNDX.AS.
Performance
XDWT.DE vs. CNDX.AS - Performance Comparison
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Returns By Period
In the year-to-date period, XDWT.DE achieves a 25.23% return, which is significantly higher than CNDX.AS's 20.95% return. Over the past 10 years, XDWT.DE has outperformed CNDX.AS with an annualized return of 24.00%, while CNDX.AS has yielded a comparatively lower 21.25% annualized return.
XDWT.DE
- 1D
- -2.03%
- 1M
- 10.09%
- YTD
- 25.23%
- 6M
- 22.39%
- 1Y
- 47.87%
- 3Y*
- 29.29%
- 5Y*
- 22.52%
- 10Y*
- 24.00%
CNDX.AS
- 1D
- -0.77%
- 1M
- 5.85%
- YTD
- 20.95%
- 6M
- 18.81%
- 1Y
- 37.23%
- 3Y*
- 24.53%
- 5Y*
- 18.67%
- 10Y*
- 21.25%
XDWT.DE vs. CNDX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDWT.DE Xtrackers MSCI World Information Technology UCITS ETF 1C | 25.23% | 9.56% | 41.11% | 50.00% | -28.10% | 41.76% | 30.98% | 51.77% | 0.78% | 21.03% |
CNDX.AS iShares NASDAQ 100 UCITS ETF | 20.95% | 6.16% | 35.29% | 50.41% | -29.90% | 38.80% | 35.83% | 40.51% | 4.53% | 16.12% |
Correlation
The correlation between XDWT.DE and CNDX.AS is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2016 | 0.95 |
The correlation between XDWT.DE and CNDX.AS has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
XDWT.DE vs. CNDX.AS — Risk / Return Rank
XDWT.DE
CNDX.AS
XDWT.DE vs. CNDX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Information Technology UCITS ETF 1C (XDWT.DE) 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.
| XDWT.DE | CNDX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.43 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 3.70 | -0.58 |
| Martin ratioReturn relative to average drawdown | 8.24 | 11.01 | -2.77 |
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
| XDWT.DE | CNDX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 2.41 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.93 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | 1.07 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 1.03 | +0.06 |
Drawdowns
XDWT.DE vs. CNDX.AS - Drawdown Comparison
The maximum XDWT.DE drawdown since its inception was -31.61%, roughly equal to the maximum CNDX.AS drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for XDWT.DE and CNDX.AS.
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Drawdown Indicators
| XDWT.DE | CNDX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.61% | -31.21% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -10.06% | -5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -29.46% | -26.57% | -2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.46% | -31.21% | +1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -31.61% | -31.21% | -0.40% |
Current DrawdownCurrent decline from peak | -2.61% | -0.77% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -5.45% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 3.41% | +2.50% |
Volatility
XDWT.DE vs. CNDX.AS - Volatility Comparison
Xtrackers MSCI World Information Technology UCITS ETF 1C (XDWT.DE) has a higher volatility of 7.11% compared to iShares NASDAQ 100 UCITS ETF (CNDX.AS) at 4.35%. This indicates that XDWT.DE's price experiences larger fluctuations and is considered to be riskier 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
| XDWT.DE | CNDX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 4.35% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 10.74% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | 15.45% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 19.72% | +2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.46% | 19.61% | +1.85% |
XDWT.DE vs. CNDX.AS - Expense Ratio Comparison
XDWT.DE has a 0.25% expense ratio, which is lower than CNDX.AS's 0.36% expense ratio.
Dividends
XDWT.DE vs. CNDX.AS - Dividend Comparison
Neither XDWT.DE nor CNDX.AS has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, XDWT.DE and CNDX.AS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XDWT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWT.DE is cheaper with a 0.25% expense ratio, compared with 0.36% for CNDX.AS.
XDWT.DE is categorized as Technology Equities, while CNDX.AS is Nasdaq-100. XDWT.DE tracks MSCI World/Information Tech NR USD, while CNDX.AS tracks NASDAQ-100 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XDWT.DE and 0.36% for CNDX.AS.
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