PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
^NDX vs. SDEU.L
Performance
Return for Risk
Drawdowns
Volatility

^NDX vs. SDEU.L

Last updated Jun 9, 2026

^NDX (NASDAQ 100 Index) is an index, while SDEU.L (iShares Germany Government Bond UCITS ETF (Dist)) is European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Over the past 10 years, ^NDX returned 20.76%/yr vs -1.13%/yr for SDEU.L. At a 0.09 correlation, their price movements are largely independent.

Performance

^NDX vs. SDEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NASDAQ 100 Index (^NDX) and iShares Germany Government Bond UCITS ETF (Dist) (SDEU.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, ^NDX achieves a 16.49% return, which is significantly higher than SDEU.L's -2.22% return. Over the past 10 years, ^NDX has outperformed SDEU.L with an annualized return of 20.76%, while SDEU.L has yielded a comparatively lower -1.13% annualized return.

^NDX

1D
1.58%
1M
0.61%
YTD
16.49%
6M
14.77%
1Y
35.16%
3Y*
26.51%
5Y*
16.32%
10Y*
20.76%

SDEU.L

1D
0.12%
1M
-2.24%
YTD
-2.22%
6M
-0.83%
1Y
-0.16%
3Y*
3.14%
5Y*
-4.21%
10Y*
-1.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^NDX vs. SDEU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
^NDX
NASDAQ 100 Index		16.49%20.17%24.88%53.81%-32.97%26.63%47.58%37.96%-1.04%31.52%
SDEU.L
iShares Germany Government Bond UCITS ETF (Dist)		-2.22%11.34%-5.80%8.51%-22.46%-9.88%11.78%1.74%-2.72%11.56%

Correlation

The correlation between ^NDX and SDEU.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.15

Correlation (All Time)
Calculated using the full available price history since May 9, 2012

0.09

The correlation between ^NDX and SDEU.L shifts across timeframes, from 0.09 (all time) to 0.24 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

NASDAQ 100 Index

iShares Germany Government Bond UCITS ETF (Dist)

Often compared with ^NDX:
^NDX vs. BRK-B^NDX vs. SPY^NDX vs. ARKK^NDX vs. ^IXIC^NDX vs. TSLA^NDX vs. VOO^NDX vs. NQ=F
Often compared with SDEU.L:
SDEU.L vs. SEGA.LSDEU.L vs. TLTSDEU.L vs. USTY.LSDEU.L vs. VUTY.LSDEU.L vs. UKG5.LSDEU.L vs. GILS.LSDEU.L vs. GLTS.L

Return for Risk

^NDX vs. SDEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
^NDX
^NDX Risk / Return Rank: 7676
Overall Rank
^NDX Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
^NDX Sortino Ratio Rank: 7575
Sortino Ratio Rank
^NDX Omega Ratio Rank: 7979
Omega Ratio Rank
^NDX Calmar Ratio Rank: 7575
Calmar Ratio Rank
^NDX Martin Ratio Rank: 7575
Martin Ratio Rank
SDEU.L
SDEU.L Risk / Return Rank: 1212
Overall Rank
SDEU.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
SDEU.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
SDEU.L Omega Ratio Rank: 1212
Omega Ratio Rank
SDEU.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
SDEU.L Martin Ratio Rank: 1212
Martin Ratio Rank
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.

^NDX vs. SDEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Index (^NDX) and iShares Germany Government Bond UCITS ETF (Dist) (SDEU.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.

^NDXSDEU.LDifference
Sharpe ratioReturn per unit of total volatility
2.10
-0.02

+2.12

Sortino ratioReturn per unit of downside risk
2.72
0.03

+2.69

Omega ratioGain probability vs. loss probability

1.37

1.00

+0.36

Calmar ratioReturn relative to maximum drawdown

2.91

-0.03

+2.94

Martin ratioReturn relative to average drawdown

11.03

-0.06

+11.10

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^NDX vs. SDEU.L - Sharpe Ratio Comparison

The current ^NDX Sharpe Ratio is 2.10, which is higher than the SDEU.L Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of ^NDX and SDEU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

^NDXSDEU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.10

-0.02

+2.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

-0.42

+1.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.92

-0.12

+1.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

-0.22

+0.79

Drawdowns

^NDX vs. SDEU.L - Drawdown Comparison

The maximum ^NDX drawdown since its inception was -82.90%, which is greater than SDEU.L's maximum drawdown of -41.52%. Use the drawdown chart below to compare losses from any high point for ^NDX and SDEU.L.

Loading charts...

Drawdown Indicators

^NDXSDEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-82.90%

-41.52%

-41.38%

Max Drawdown (1Y)

Largest decline over 1 year

-12.12%

-5.67%

-6.45%

Max Drawdown (3Y)

Largest decline over 3 years

-22.93%

-10.32%

-12.61%

Max Drawdown (5Y)

Largest decline over 5 years

-35.56%

-34.26%

-1.30%

Max Drawdown (10Y)

Largest decline over 10 years

-35.56%

-37.02%

+1.46%

Current Drawdown

Current decline from peak

-4.06%

-28.28%

+24.22%

Average Drawdown

Average peak-to-trough decline

-24.62%

-22.07%

-2.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

2.49%

+0.71%

Volatility

^NDX vs. SDEU.L - Volatility Comparison

NASDAQ 100 Index (^NDX) has a higher volatility of 6.84% compared to iShares Germany Government Bond UCITS ETF (Dist) (SDEU.L) at 2.39%. This indicates that ^NDX's price experiences larger fluctuations and is considered to be riskier than SDEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

^NDXSDEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.84%

2.39%

+4.45%

Volatility (6M)

Calculated over the trailing 6-month period

13.26%

5.97%

+7.29%

Volatility (1Y)

Calculated over the trailing 1-year period

16.87%

8.05%

+8.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.70%

10.12%

+12.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.59%

9.32%

+13.27%

Frequently Asked Questions

^NDX and SDEU.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for ^NDX and SDEU.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer