ZBH vs. CNDX.L
Compare and contrast key facts about Zimmer Biomet Holdings, Inc. (ZBH) and iShares NASDAQ 100 UCITS ETF (CNDX.L).
CNDX.L is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZBH or CNDX.L.
Key characteristics
| ZBH | CNDX.L | |
|---|---|---|
| YTD Return | -12.20% | 17.01% |
| 1Y Return | -8.91% | 34.04% |
| 3Y Return (Ann) | -7.70% | 9.88% |
| 5Y Return (Ann) | -4.32% | 20.60% |
| 10Y Return (Ann) | 1.49% | 17.82% |
| Sharpe Ratio | -0.49 | 2.02 |
| Daily Std Dev | 22.12% | 17.12% |
| Max Drawdown | -65.03% | -35.17% |
| Current Drawdown | -37.02% | -3.87% |
Correlation
The correlation between ZBH and CNDX.L is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ZBH vs. CNDX.L - Performance Comparison
In the year-to-date period, ZBH achieves a -12.20% return, which is significantly lower than CNDX.L's 17.01% return. Over the past 10 years, ZBH has underperformed CNDX.L with an annualized return of 1.49%, while CNDX.L has yielded a comparatively higher 17.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ZBH vs. CNDX.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Zimmer Biomet Holdings, Inc. (ZBH) 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.
Dividends
ZBH vs. CNDX.L - Dividend Comparison
ZBH's dividend yield for the trailing twelve months is around 0.90%, more than CNDX.L's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZBH Zimmer Biomet Holdings, Inc. | 0.90% | 0.79% | 0.75% | 0.76% | 0.62% | 0.64% | 0.93% | 0.80% | 0.93% | 0.86% | 0.78% | 0.86% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 0.02% | 0.05% | 0.06% | 0.03% | 0.04% | 0.07% | 0.06% | 0.30% | 0.16% | 0.16% | 0.19% | 0.16% |
Drawdowns
ZBH vs. CNDX.L - Drawdown Comparison
The maximum ZBH drawdown since its inception was -65.03%, which is greater than CNDX.L's maximum drawdown of -35.17%. Use the drawdown chart below to compare losses from any high point for ZBH and CNDX.L. For additional features, visit the drawdowns tool.
Volatility
ZBH vs. CNDX.L - Volatility Comparison
Zimmer Biomet Holdings, Inc. (ZBH) has a higher volatility of 9.78% compared to iShares NASDAQ 100 UCITS ETF (CNDX.L) at 6.25%. This indicates that ZBH's price experiences larger fluctuations and is considered to be riskier than CNDX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.