CACX.L vs. ^NDX

Last updated Jun 5, 2026

CACX.L (Lyxor CAC 40 (DR) UCITS ETF - Dist) is Europe Equities fund tracking the Euronext Paris CAC 40 NR EUR, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, CACX.L returned 10.55%/yr vs 21.89%/yr for ^NDX. At a 0.36 correlation, their price movements are largely independent.

Performance

CACX.L vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, CACX.L achieves a 2.53% return, which is significantly lower than ^NDX's 20.92% return. Over the past 10 years, CACX.L has underperformed ^NDX with an annualized return of 10.55%, while ^NDX has yielded a comparatively higher 21.89% annualized return.

CACX.L

• 1D: 0.84%
• 1M: 3.20%
• YTD: 2.53%
• 6M: 2.64%
• 1Y: 11.49%
• 3Y*: 7.70%
• 5Y*: 8.00%
• 10Y*: 10.55%

^NDX

• 1D: -0.53%
• 1M: 9.54%
• YTD: 20.92%
• 6M: 18.04%
• 1Y: 41.34%
• 3Y*: 24.62%
• 5Y*: 18.43%
• 10Y*: 21.89%

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

CACX.L vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CACX.L Lyxor CAC 40 (DR) UCITS ETF - Dist	2.53%	19.60%	-4.39%	16.83%	-0.56%	22.14%	0.79%	23.85%	-7.71%	17.11%
^NDX NASDAQ 100 Index	20.92%	11.61%	27.06%	46.12%	-25.00%	27.83%	43.25%	32.72%	4.83%	20.14%

Correlation

The correlation between CACX.L and ^NDX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Aug 28, 2014	0.36

The correlation between CACX.L and ^NDX shifts across timeframes, from 0.22 (3 years) to 0.36 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CACX.L vs. ^NDX — Risk / Return Rank

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

CACX.L

CACX.L Risk / Return Rank: 23
CACX.L Sharpe Ratio Rank: 23
CACX.L Sortino Ratio Rank: 23
CACX.L Omega Ratio Rank: 24
CACX.L Calmar Ratio Rank: 22
CACX.L Martin Ratio Rank: 23

^NDX

^NDX Risk / Return Rank: 83
^NDX Sharpe Ratio Rank: 84
^NDX Sortino Ratio Rank: 84
^NDX Omega Ratio Rank: 82
^NDX Calmar Ratio Rank: 83
^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.

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

This table presents a comparison of risk-adjusted performance metrics for Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) 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.

	CACX.L	^NDX	Difference
Sharpe ratio: Return per unit of total volatility	0.79	2.69	-1.90
Sortino ratio: Return per unit of downside risk	1.18	3.45	-2.27
Omega ratio: Gain probability vs. loss probability	1.15	1.47	-0.32
Calmar ratio: Return relative to maximum drawdown	0.97	3.45	-2.48
Martin ratio: Return relative to average drawdown	2.95	10.41	-7.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CACX.L vs. ^NDX - Sharpe Ratio Comparison

The current CACX.L Sharpe Ratio is 0.79, which is lower than the ^NDX Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of CACX.L and ^NDX, 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

	CACX.L	^NDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	2.69	-1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.87	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.98	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.81	-0.29

Drawdowns

CACX.L vs. ^NDX - Drawdown Comparison

The maximum CACX.L drawdown since its inception was -32.83%, smaller than the maximum ^NDX drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for CACX.L and ^NDX.

Drawdown Indicators

	CACX.L	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-32.83%	-34.63%	+1.80%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	-12.05%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-14.77%	-24.98%	+10.21%
Max Drawdown (5Y) Largest decline over 5 years	-19.36%	-28.43%	+9.07%
Max Drawdown (10Y) Largest decline over 10 years	-32.83%	-28.43%	-4.40%
Current Drawdown Current decline from peak	-3.61%	-0.53%	-3.08%
Average Drawdown Average peak-to-trough decline	-5.30%	-5.62%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	3.98%	-0.09%

Volatility

CACX.L vs. ^NDX - Volatility Comparison

Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) has a higher volatility of 4.87% compared to NASDAQ 100 Index (^NDX) at 3.97%. This indicates that CACX.L'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

	CACX.L	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	3.97%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	11.20%	11.00%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	14.50%	15.42%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	21.32%	-4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	22.44%	-4.82%

Frequently Asked Questions

Can I hold both CACX.L and ^NDX in my portfolio?

CACX.L and ^NDX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.