XUTD.L vs. CNX1.L
XUTD.L (Xtrackers II US Treasuries UCITS ETF 1D) and CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - XUTD.L is a Government Bonds fund tracking the iBoxx USD Treasuries Index, while CNX1.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, XUTD.L returned 0.90%/yr vs 21.54%/yr for CNX1.L. At a correlation of -0.11, they often move in opposite directions. XUTD.L charges 0.06%/yr vs 0.36%/yr for CNX1.L.
Performance
XUTD.L vs. CNX1.L - Performance Comparison
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Different Trading Currencies
XUTD.L is traded in USD, while CNX1.L is traded in GBp. To make them comparable, the CNX1.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XUTD.L achieves a -0.22% return, which is significantly lower than CNX1.L's 19.55% return. Over the past 10 years, XUTD.L has underperformed CNX1.L with an annualized return of 0.90%, while CNX1.L has yielded a comparatively higher 21.54% annualized return.
XUTD.L
- 1D
- 0.20%
- 1M
- 0.21%
- YTD
- -0.22%
- 6M
- 0.03%
- 1Y
- 3.70%
- 3Y*
- 2.89%
- 5Y*
- -0.44%
- 10Y*
- 0.90%
CNX1.L
- 1D
- -0.58%
- 1M
- 8.70%
- YTD
- 19.55%
- 6M
- 19.30%
- 1Y
- 40.34%
- 3Y*
- 27.90%
- 5Y*
- 17.58%
- 10Y*
- 21.54%
XUTD.L vs. CNX1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | -0.22% | 6.38% | 0.77% | 3.91% | -12.78% | -2.45% | 7.94% | 7.21% | 0.66% | 2.22% |
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 19.55% | 19.98% | 26.37% | 55.50% | -33.49% | 28.32% | 47.63% | 38.99% | -1.30% | 31.56% |
Correlation
The correlation between XUTD.L and CNX1.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2010 | -0.11 |
The correlation between XUTD.L and CNX1.L shifts across timeframes, from -0.11 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XUTD.L vs. CNX1.L — Risk / Return Rank
XUTD.L
CNX1.L
XUTD.L vs. CNX1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.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.
| XUTD.L | CNX1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.44 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.65 | -2.45 |
| Martin ratioReturn relative to average drawdown | 3.71 | 13.38 | -9.67 |
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
| XUTD.L | CNX1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.61 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.86 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 1.09 | -0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.07 | -0.64 |
Drawdowns
XUTD.L vs. CNX1.L - Drawdown Comparison
The maximum XUTD.L drawdown since its inception was -19.61%, smaller than the maximum CNX1.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for XUTD.L and CNX1.L.
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Drawdown Indicators
| XUTD.L | CNX1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -35.21% | +15.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -10.99% | +7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -23.11% | +17.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -35.21% | +18.20% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | -35.21% | +15.60% |
Current DrawdownCurrent decline from peak | -7.53% | -0.77% | -6.76% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -5.19% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 3.01% | -2.02% |
Volatility
XUTD.L vs. CNX1.L - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) is 1.40%, while iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) has a volatility of 4.33%. This indicates that XUTD.L experiences smaller price fluctuations and is considered to be less risky than CNX1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTD.L | CNX1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 4.33% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 11.28% | -8.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 15.39% | -11.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 20.48% | -14.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 19.91% | -14.86% |
XUTD.L vs. CNX1.L - Expense Ratio Comparison
XUTD.L has a 0.06% expense ratio, which is lower than CNX1.L's 0.36% expense ratio.
Dividends
XUTD.L vs. CNX1.L - Dividend Comparison
XUTD.L's dividend yield for the trailing twelve months is around 3.48%, while CNX1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | 3.48% | 3.27% | 3.65% | 2.39% | 1.95% | 3.42% | 1.08% | 1.47% | 1.35% | 1.34% | 2.12% |
Frequently Asked Questions
XUTD.L and CNX1.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTD.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.L is cheaper with a 0.06% expense ratio, compared with 0.36% for CNX1.L.
XUTD.L is categorized as Government Bonds, while CNX1.L is Nasdaq-100. XUTD.L tracks iBoxx USD Treasuries Index, while CNX1.L tracks NASDAQ-100 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for XUTD.L and 0.36% for CNX1.L.
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