^IBEX vs. ^NDX

Last updated Apr 2, 2026

Compare and contrast key facts about IBEX 35 Index (^IBEX) and NASDAQ 100 Index (^NDX).

Performance

^IBEX vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IBEX 35 Index (^IBEX) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

^IBEX vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^IBEX IBEX 35 Index	1.58%	49.27%	14.78%	22.76%	-5.56%	7.93%	-15.45%	11.82%	-14.97%	7.40%
^NDX NASDAQ 100 Index	-3.41%	5.91%	33.12%	49.19%	-28.81%	36.10%	35.42%	41.08%	3.61%	15.35%

Different Trading Currencies

^IBEX is traded in EUR, while ^NDX is traded in USD. To make them comparable, the ^NDX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^IBEX achieves a 1.58% return, which is significantly higher than ^NDX's -3.41% return. Over the past 10 years, ^IBEX has underperformed ^NDX with an annualized return of 7.41%, while ^NDX has yielded a comparatively higher 17.97% annualized return.

^IBEX

• 1D: 3.11%
• 1M: -1.67%
• YTD: 1.58%
• 6M: 13.14%
• 1Y: 32.21%
• 3Y*: 23.95%
• 5Y*: 15.43%
• 10Y*: 7.41%

^NDX

• 1D: 1.07%
• 1M: -2.88%
• YTD: -3.41%
• 6M: -1.77%
• 1Y: 15.31%
• 3Y*: 19.54%
• 5Y*: 12.90%
• 10Y*: 17.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^IBEX vs. ^NDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^IBEX

^IBEX Risk / Return Rank: 94
^IBEX Sharpe Ratio Rank: 92
^IBEX Sortino Ratio Rank: 92
^IBEX Omega Ratio Rank: 93
^IBEX Calmar Ratio Rank: 97
^IBEX Martin Ratio Rank: 97

^NDX

^NDX Risk / Return Rank: 76
^NDX Sharpe Ratio Rank: 70
^NDX Sortino Ratio Rank: 74
^NDX Omega Ratio Rank: 74
^NDX Calmar Ratio Rank: 81
^NDX Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^IBEX vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IBEX 35 Index (^IBEX) and NASDAQ 100 Index (^NDX). 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.

	^IBEX	^NDX	Difference
Sharpe ratio Return per unit of total volatility	1.80	0.62	+1.18
Sortino ratio Return per unit of downside risk	2.28	1.02	+1.26
Omega ratio Gain probability vs. loss probability	1.35	1.15	+0.20
Calmar ratio Return relative to maximum drawdown	4.74	1.14	+3.60
Martin ratio Return relative to average drawdown	17.21	3.83	+13.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^IBEX vs. ^NDX - Sharpe Ratio Comparison

The current ^IBEX Sharpe Ratio is 1.80, which is higher than the ^NDX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of ^IBEX and ^NDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^IBEX	^NDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	0.62	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.58	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.79	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.67	-0.42

Correlation

The correlation between ^IBEX and ^NDX is 0.31, 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.

Drawdowns

^IBEX vs. ^NDX - Drawdown Comparison

The maximum ^IBEX drawdown since its inception was -62.65%, which is greater than ^NDX's maximum drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for ^IBEX and ^NDX.

Drawdown Indicators

	^IBEX	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-62.65%	-82.90%	+20.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.72%	-12.72%	+1.00%
Max Drawdown (5Y) Largest decline over 5 years	-21.76%	-35.56%	+13.80%
Max Drawdown (10Y) Largest decline over 10 years	-45.16%	-35.56%	-9.60%
Current Drawdown Current decline from peak	-4.95%	-8.04%	+3.09%
Average Drawdown Average peak-to-trough decline	-28.45%	-24.72%	-3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	3.49%	-0.83%

Volatility

^IBEX vs. ^NDX - Volatility Comparison

IBEX 35 Index (^IBEX) has a higher volatility of 6.82% compared to NASDAQ 100 Index (^NDX) at 5.69%. This indicates that ^IBEX's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^IBEX	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	5.69%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	13.16%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	24.94%	-7.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	22.26%	-6.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	22.85%	-4.33%