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CSUS.AS vs. ^NDX
Performance
Return for Risk
Drawdowns
Volatility

CSUS.AS vs. ^NDX

Last updated Jun 5, 2026

CSUS.AS (iShares MSCI USA UCITS ETF USD (Acc)) is Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, CSUS.AS returned 14.77%/yr vs 20.72%/yr for ^NDX. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

CSUS.AS vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI USA UCITS ETF USD (Acc) (CSUS.AS) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CSUS.AS 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, CSUS.AS achieves a 11.31% return, which is significantly lower than ^NDX's 21.80% return. Over the past 10 years, CSUS.AS has underperformed ^NDX with an annualized return of 14.77%, while ^NDX has yielded a comparatively higher 20.72% annualized return.

CSUS.AS

1D
-0.02%
1M
5.45%
YTD
11.31%
6M
11.33%
1Y
25.43%
3Y*
19.05%
5Y*
14.34%
10Y*
14.77%

^NDX

1D
-0.67%
1M
9.26%
YTD
21.80%
6M
19.18%
1Y
37.64%
3Y*
24.43%
5Y*
18.26%
10Y*
20.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSUS.AS vs. ^NDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSUS.AS
iShares MSCI USA UCITS ETF USD (Acc)		11.31%4.04%33.96%22.33%-15.27%37.95%10.18%32.81%-0.73%6.52%
^NDX
NASDAQ 100 Index		21.80%5.91%33.12%49.19%-28.81%36.10%35.42%41.08%3.61%15.35%

Correlation

The correlation between CSUS.AS and ^NDX is 0.67, 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

0.67

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

0.59

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

0.52

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

0.53

Correlation (All Time)
Calculated using the full available price history since Apr 29, 2014

0.55

The correlation between CSUS.AS and ^NDX shifts across timeframes, from 0.52 (5 years) to 0.67 (1 year), 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.

iShares MSCI USA UCITS ETF USD (Acc)

NASDAQ 100 Index

Often compared with CSUS.AS:
CSUS.AS vs. TECW.LCSUS.AS vs. EDMU.DECSUS.AS vs. SXR7.DECSUS.AS vs. VUAA.LCSUS.AS vs. VOOCSUS.AS vs. DGROCSUS.AS vs. VUG
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

Return for Risk

CSUS.AS vs. ^NDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSUS.AS
CSUS.AS Risk / Return Rank: 6969
Overall Rank
CSUS.AS Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
CSUS.AS Sortino Ratio Rank: 6767
Sortino Ratio Rank
CSUS.AS Omega Ratio Rank: 7272
Omega Ratio Rank
CSUS.AS Calmar Ratio Rank: 7070
Calmar Ratio Rank
CSUS.AS Martin Ratio Rank: 6666
Martin Ratio Rank
^NDX
^NDX Risk / Return Rank: 8383
Overall Rank
^NDX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
^NDX Sortino Ratio Rank: 8484
Sortino Ratio Rank
^NDX Omega Ratio Rank: 8282
Omega Ratio Rank
^NDX Calmar Ratio Rank: 8383
Calmar Ratio Rank
^NDX Martin Ratio Rank: 8080
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.

CSUS.AS vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA UCITS ETF USD (Acc) (CSUS.AS) 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.

CSUS.AS^NDXDifference
Sharpe ratioReturn per unit of total volatility
2.24
2.32

-0.08

Sortino ratioReturn per unit of downside risk
3.03
2.97

+0.06

Omega ratioGain probability vs. loss probability

1.42

1.40

+0.02

Calmar ratioReturn relative to maximum drawdown

3.42

3.38

+0.04

Martin ratioReturn relative to average drawdown

11.97

10.55

+1.42

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

CSUS.AS vs. ^NDX - Sharpe Ratio Comparison

The current CSUS.AS Sharpe Ratio is 2.24, which is comparable to the ^NDX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of CSUS.AS 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.

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Sharpe Ratios by Period

CSUS.AS^NDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.24

2.32

-0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.82

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

0.91

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.90

0.73

+0.17

Drawdowns

CSUS.AS vs. ^NDX - Drawdown Comparison

The maximum CSUS.AS drawdown since its inception was -34.08%, smaller than the maximum ^NDX drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for CSUS.AS and ^NDX.

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Drawdown Indicators

CSUS.AS^NDXDifference

Max Drawdown

Largest peak-to-trough decline

-34.08%

-46.44%

+12.36%

Max Drawdown (1Y)

Largest decline over 1 year

-7.34%

-11.19%

+3.85%

Max Drawdown (3Y)

Largest decline over 3 years

-23.49%

-27.30%

+3.81%

Max Drawdown (5Y)

Largest decline over 5 years

-23.49%

-31.53%

+8.04%

Max Drawdown (10Y)

Largest decline over 10 years

-34.08%

-31.53%

-2.55%

Current Drawdown

Current decline from peak

-0.33%

-0.69%

+0.36%

Average Drawdown

Average peak-to-trough decline

-4.41%

-8.00%

+3.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.11%

3.58%

-1.47%

Volatility

CSUS.AS vs. ^NDX - Volatility Comparison

The current volatility for iShares MSCI USA UCITS ETF USD (Acc) (CSUS.AS) is 2.74%, while NASDAQ 100 Index (^NDX) has a volatility of 3.80%. This indicates that CSUS.AS experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSUS.AS^NDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.74%

3.80%

-1.06%

Volatility (6M)

Calculated over the trailing 6-month period

7.58%

11.58%

-4.00%

Volatility (1Y)

Calculated over the trailing 1-year period

11.23%

16.31%

-5.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.48%

22.24%

-6.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.23%

22.83%

-6.60%

Frequently Asked Questions

CSUS.AS and ^NDX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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