E908.DE vs. ^NDX
E908.DE (Amundi TecDAX UCITS ETF Dist) is Technology Equities fund tracking the TecDAX®, while ^NDX (NASDAQ 100 Index) is an index. Over the past 5 years, E908.DE returned 3.88%/yr vs 18.26%/yr for ^NDX. At a 0.43 correlation, their price movements are largely independent.
Performance
E908.DE vs. ^NDX - Performance Comparison
Loading charts...
Different Trading Currencies
E908.DE 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, E908.DE achieves a 15.75% return, which is significantly lower than ^NDX's 21.80% return.
E908.DE
- 1D
- 0.58%
- 1M
- 10.18%
- YTD
- 15.75%
- 6M
- 16.62%
- 1Y
- 6.69%
- 3Y*
- 8.69%
- 5Y*
- 3.88%
- 10Y*
- —
^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%
E908.DE vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
E908.DE Amundi TecDAX UCITS ETF Dist | 15.75% | 5.30% | 2.57% | 12.83% | -25.90% | 21.42% | 6.03% | 22.63% | -3.58% | 39.06% |
^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 E908.DE and ^NDX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2016 | 0.43 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
E908.DE vs. ^NDX — Risk / Return Rank
E908.DE
^NDX
E908.DE vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi TecDAX UCITS ETF Dist (E908.DE) 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.
| E908.DE | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.40 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 3.38 | -2.96 |
| Martin ratioReturn relative to average drawdown | 0.84 | 10.55 | -9.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| E908.DE | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 2.32 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.82 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.73 | -0.26 |
Drawdowns
E908.DE vs. ^NDX - Drawdown Comparison
The maximum E908.DE drawdown since its inception was -34.82%, smaller than the maximum ^NDX drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for E908.DE and ^NDX.
Loading charts...
Drawdown Indicators
| E908.DE | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.82% | -46.44% | +11.62% |
Max Drawdown (1Y)Largest decline over 1 year | -15.93% | -11.19% | -4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.88% | -27.30% | +9.42% |
Max Drawdown (5Y)Largest decline over 5 years | -34.82% | -31.53% | -3.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -1.00% | -0.69% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -10.64% | -8.00% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.92% | 3.58% | +4.34% |
Volatility
E908.DE vs. ^NDX - Volatility Comparison
Amundi TecDAX UCITS ETF Dist (E908.DE) has a higher volatility of 5.12% compared to NASDAQ 100 Index (^NDX) at 3.80%. This indicates that E908.DE'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.
Loading charts...
Volatility by Period
| E908.DE | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 3.80% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 14.39% | 11.58% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 16.31% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 22.24% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.37% | 22.83% | -3.46% |
Frequently Asked Questions
E908.DE and ^NDX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for E908.DE and ^NDX
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