EUDF.DE vs. ^NDX

Last updated Jul 17, 2026

EUDF.DE (WisdomTree Europe Defence UCITS ETF - EUR Acc) is Aerospace & Defense fund tracking the WisdomTree Europe Defence UCITS Index (NTR), while ^NDX (NASDAQ 100 Index) is an index. Over the past year, EUDF.DE returned -1.72% vs 30.66% for ^NDX. At a 0.12 correlation, their price movements are largely independent.

Performance

EUDF.DE vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EUDF.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, EUDF.DE achieves a 0.03% return, which is significantly lower than ^NDX's 19.64% return.

EUDF.DE

• 1D: 0.00%
• 1M: -2.30%
• 6M: -14.40%
• YTD: 0.03%
• 1Y: -1.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^NDX

• 1D: 0.00%
• 1M: -0.39%
• 6M: 16.88%
• YTD: 19.64%
• 1Y: 30.66%
• 3Y*: 22.52%
• 5Y*: 15.64%
• 10Y*: 19.95%

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

EUDF.DE vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025
EUDF.DE WisdomTree Europe Defence UCITS ETF - EUR Acc	0.03%	22.36%
^NDX NASDAQ 100 Index	17.98%	15.27%

Correlation

The correlation between EUDF.DE and ^NDX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025	0.12

Return for Risk

EUDF.DE vs. ^NDX — Risk / Return Rank

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

EUDF.DE

EUDF.DE Risk / Return Rank: 9
EUDF.DE Sharpe Ratio Rank: 9
EUDF.DE Sortino Ratio Rank: 9
EUDF.DE Omega Ratio Rank: 9
EUDF.DE Calmar Ratio Rank: 9
EUDF.DE Martin Ratio Rank: 9

^NDX

^NDX Risk / Return Rank: 52
^NDX Sharpe Ratio Rank: 48
^NDX Sortino Ratio Rank: 43
^NDX Omega Ratio Rank: 48
^NDX Calmar Ratio Rank: 59
^NDX Martin Ratio Rank: 64

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.

EUDF.DE vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EUDF.DE	^NDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	1.68	-1.74
Sortino ratio: Return per unit of downside risk	0.12	2.20	-2.09
Omega ratio: Gain probability vs. loss probability	1.01	1.29	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.09	2.75	-2.84
Martin ratio: Return relative to average drawdown	-0.18	8.31	-8.49

EUDF.DE vs. ^NDX - Sharpe Ratio Comparison

The current EUDF.DE Sharpe Ratio is -0.06, which is lower than the ^NDX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of EUDF.DE 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.

Drawdowns

EUDF.DE vs. ^NDX - Drawdown Comparison

The maximum EUDF.DE drawdown since its inception was -19.51%, smaller than the maximum ^NDX drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for EUDF.DE and ^NDX.

Drawdown Indicators

	EUDF.DE	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-19.51%	-46.44%	+26.93%
Max Drawdown (1Y) Largest decline over 1 year	-19.51%	-11.19%	-8.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.53%	—
Current Drawdown Current decline from peak	-16.13%	-3.17%	-12.96%
Average Drawdown Average peak-to-trough decline	-7.16%	-8.01%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.57%	3.70%	+5.87%

Volatility

EUDF.DE vs. ^NDX - Volatility Comparison

WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) has a higher volatility of 8.66% compared to NASDAQ 100 Index (^NDX) at 6.83%. This indicates that EUDF.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.

Volatility by Period

	EUDF.DE	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.66%	6.83%	+1.83%
Volatility (6M) Calculated over the trailing 6-month period	21.92%	14.22%	+7.70%
Volatility (1Y) Calculated over the trailing 1-year period	28.94%	18.36%	+10.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.50%	22.57%	+7.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.50%	22.98%	+7.52%

Frequently Asked Questions

Can I hold both EUDF.DE and ^NDX in my portfolio?

EUDF.DE and ^NDX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.