ANXU.L vs. NASDX

Last updated Jun 5, 2026

ANXU.L (Amundi Nasdaq-100 UCITS USD) and NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) are both funds - ANXU.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD, while NASDX is a Large Cap Growth Equities fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, ANXU.L returned 21.70%/yr vs 22.44%/yr for NASDX. At a 0.47 correlation, their price movements are largely independent. ANXU.L charges 0.13%/yr vs 0.63%/yr for NASDX.

Performance

ANXU.L vs. NASDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi Nasdaq-100 UCITS USD (ANXU.L) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ANXU.L having a 19.66% return and NASDX slightly higher at 20.41%. Both investments have delivered pretty close results over the past 10 years, with ANXU.L having a 21.70% annualized return and NASDX not far ahead at 22.44%.

ANXU.L

• 1D: -0.70%
• 1M: 6.79%
• YTD: 19.66%
• 6M: 18.74%
• 1Y: 39.57%
• 3Y*: 28.16%
• 5Y*: 17.78%
• 10Y*: 21.70%

NASDX

• 1D: -0.51%
• 1M: 6.41%
• YTD: 20.41%
• 6M: 18.53%
• 1Y: 41.68%
• 3Y*: 32.27%
• 5Y*: 19.82%
• 10Y*: 22.44%

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

ANXU.L vs. NASDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANXU.L Amundi Nasdaq-100 UCITS USD	19.66%	19.86%	26.74%	56.50%	-33.24%	27.83%	47.17%	40.88%	-1.76%	32.21%
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares	20.41%	21.00%	36.91%	54.69%	-32.57%	27.32%	48.59%	38.22%	-1.21%	31.27%

Correlation

The correlation between ANXU.L and NASDX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since May 13, 2011	0.48

Over the past year, ANXU.L and NASDX have become more correlated (0.72) than their long-term average of 0.47, meaning their price movements have been converging.

Return for Risk

ANXU.L vs. NASDX — Risk / Return Rank

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

ANXU.L

ANXU.L Risk / Return Rank: 76
ANXU.L Sharpe Ratio Rank: 79
ANXU.L Sortino Ratio Rank: 79
ANXU.L Omega Ratio Rank: 75
ANXU.L Calmar Ratio Rank: 74
ANXU.L Martin Ratio Rank: 71

NASDX

NASDX Risk / Return Rank: 72
NASDX Sharpe Ratio Rank: 78
NASDX Sortino Ratio Rank: 68
NASDX Omega Ratio Rank: 65
NASDX Calmar Ratio Rank: 79
NASDX Martin Ratio Rank: 73

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.

ANXU.L vs. NASDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Nasdaq-100 UCITS USD (ANXU.L) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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.

	ANXU.L	NASDX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.53	+0.01
Sortino ratio: Return per unit of downside risk	3.51	3.32	+0.18
Omega ratio: Gain probability vs. loss probability	1.44	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.66	3.42	+0.24
Martin ratio: Return relative to average drawdown	13.14	13.29	-0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANXU.L vs. NASDX - Sharpe Ratio Comparison

The current ANXU.L Sharpe Ratio is 2.54, which is comparable to the NASDX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of ANXU.L and NASDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANXU.L	NASDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	2.53	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.86	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.17	0.99	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.33	+0.87

Drawdowns

ANXU.L vs. NASDX - Drawdown Comparison

The maximum ANXU.L drawdown since its inception was -35.13%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for ANXU.L and NASDX.

Drawdown Indicators

	ANXU.L	NASDX	Difference
Max Drawdown Largest peak-to-trough decline	-35.13%	-83.16%	+48.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-11.90%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-22.45%	-22.71%	+0.26%
Max Drawdown (5Y) Largest decline over 5 years	-35.13%	-35.33%	+0.20%
Max Drawdown (10Y) Largest decline over 10 years	-35.13%	-35.33%	+0.20%
Current Drawdown Current decline from peak	-0.77%	-0.80%	+0.03%
Average Drawdown Average peak-to-trough decline	-5.77%	-34.36%	+28.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	3.06%	+0.02%

Volatility

ANXU.L vs. NASDX - Volatility Comparison

Amundi Nasdaq-100 UCITS USD (ANXU.L) has a higher volatility of 5.03% compared to Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) at 4.54%. This indicates that ANXU.L's price experiences larger fluctuations and is considered to be riskier than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANXU.L	NASDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.03%	4.54%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	12.19%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	16.10%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	23.04%	-2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.15%	22.67%	-1.52%

ANXU.L vs. NASDX - Expense Ratio Comparison

ANXU.L has a 0.13% expense ratio, which is lower than NASDX's 0.63% expense ratio.

Dividends

ANXU.L vs. NASDX - Dividend Comparison

ANXU.L has not paid dividends to shareholders, while NASDX's dividend yield for the trailing twelve months is around 3.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANXU.L Amundi Nasdaq-100 UCITS USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares	3.01%	3.76%	16.95%	7.61%	3.75%	2.59%	1.28%	7.09%	2.47%	1.65%	0.75%	0.85%

Frequently Asked Questions

Can I hold both ANXU.L and NASDX in my portfolio?

ANXU.L and NASDX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.