ANXU.L vs. XNAS.L

Last updated Jun 5, 2026

ANXU.L (Amundi Nasdaq-100 UCITS USD) and XNAS.L (Xtrackers NASDAQ 100 UCITS ETF) are both Nasdaq-100 funds - ANXU.L tracks the Russell 1000 Growth TR USD while XNAS.L tracks the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, ANXU.L returned 28.16%/yr vs 28.10%/yr for XNAS.L. With a 0.99 correlation, they move nearly in lockstep. ANXU.L charges 0.13%/yr vs 0.20%/yr for XNAS.L.

Performance

ANXU.L vs. XNAS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi Nasdaq-100 UCITS USD (ANXU.L) and Xtrackers NASDAQ 100 UCITS ETF (XNAS.L). 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 XNAS.L slightly higher at 19.67%.

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%

XNAS.L

• 1D: -0.68%
• 1M: 6.81%
• YTD: 19.67%
• 6M: 18.60%
• 1Y: 39.30%
• 3Y*: 28.10%
• 5Y*: —
• 10Y*: —

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

ANXU.L vs. XNAS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ANXU.L Amundi Nasdaq-100 UCITS USD	19.66%	19.86%	26.74%	56.50%	-1.54%
XNAS.L Xtrackers NASDAQ 100 UCITS ETF	19.67%	19.83%	26.60%	56.41%	-1.82%

Correlation

The correlation between ANXU.L and XNAS.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 24, 2022	0.99

The correlation between ANXU.L and XNAS.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

ANXU.L vs. XNAS.L - Sectors Allocation Comparison

Sectors	ANXU.L	XNAS.L
Technology	53.7%	53.7%
Communication Services	15.8%	15.8%
Consumer Cyclical	12.2%	12.2%
Consumer Defensive	7.7%	7.7%
Healthcare	4.2%	4.2%
Industrials	3.1%	3.1%
Utilities	1.4%	1.4%
Basic Materials	1.1%	1.1%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

ANXU.L vs. XNAS.L — 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

XNAS.L

XNAS.L Risk / Return Rank: 76
XNAS.L Sharpe Ratio Rank: 80
XNAS.L Sortino Ratio Rank: 79
XNAS.L Omega Ratio Rank: 75
XNAS.L Calmar Ratio Rank: 74
XNAS.L Martin Ratio Rank: 71

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. XNAS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Nasdaq-100 UCITS USD (ANXU.L) and Xtrackers NASDAQ 100 UCITS ETF (XNAS.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.

	ANXU.L	XNAS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.54	0.00
Sortino ratio: Return per unit of downside risk	3.51	3.51	-0.01
Omega ratio: Gain probability vs. loss probability	1.44	1.44	0.00
Calmar ratio: Return relative to maximum drawdown	3.66	3.67	0.00
Martin ratio: Return relative to average drawdown	13.14	13.19	-0.05
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. XNAS.L - Sharpe Ratio Comparison

The current ANXU.L Sharpe Ratio is 2.54, which is comparable to the XNAS.L Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of ANXU.L and XNAS.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.

Sharpe Ratios by Period

	ANXU.L	XNAS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	2.54	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	1.69	-0.49

Drawdowns

ANXU.L vs. XNAS.L - Drawdown Comparison

The maximum ANXU.L drawdown since its inception was -35.13%, which is greater than XNAS.L's maximum drawdown of -22.92%. Use the drawdown chart below to compare losses from any high point for ANXU.L and XNAS.L.

Drawdown Indicators

	ANXU.L	XNAS.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.13%	-22.92%	-12.21%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-10.91%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-22.45%	-22.92%	+0.47%
Max Drawdown (5Y) Largest decline over 5 years	-35.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.13%	—	—
Current Drawdown Current decline from peak	-0.77%	-0.76%	-0.01%
Average Drawdown Average peak-to-trough decline	-5.77%	-3.03%	-2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	3.05%	+0.03%

Volatility

ANXU.L vs. XNAS.L - Volatility Comparison

Amundi Nasdaq-100 UCITS USD (ANXU.L) and Xtrackers NASDAQ 100 UCITS ETF (XNAS.L) have volatilities of 5.03% and 4.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANXU.L	XNAS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.03%	4.96%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	11.72%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	15.78%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	19.39%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.15%	19.39%	+1.76%

ANXU.L vs. XNAS.L - Expense Ratio Comparison

ANXU.L has a 0.13% expense ratio, which is lower than XNAS.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ANXU.L vs. XNAS.L - Dividend Comparison

Neither ANXU.L nor XNAS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.99, ANXU.L and XNAS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ANXU.L or XNAS.L?

On fees, ANXU.L is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ANXU.L or XNAS.L?

ANXU.L is cheaper with a 0.13% expense ratio, compared with 0.20% for XNAS.L.

What is the main difference between ANXU.L and XNAS.L?

ANXU.L tracks Russell 1000 Growth TR USD, while XNAS.L tracks NASDAQ-100 Index. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.13% for ANXU.L and 0.20% for XNAS.L.