EUDF.DE vs. ^NDX

Last updated Jun 27, 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 -5.67% vs 33.30% 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 -1.50% return, which is significantly lower than ^NDX's 18.99% return.

EUDF.DE

• 1D: 0.00%
• 1M: -5.83%
• YTD: -1.50%
• 6M: -1.83%
• 1Y: -5.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^NDX

• 1D: -1.20%
• 1M: -0.76%
• YTD: 18.99%
• 6M: 17.41%
• 1Y: 33.30%
• 3Y*: 23.32%
• 5Y*: 16.30%
• 10Y*: 20.75%

*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	-1.50%	22.36%
^NDX NASDAQ 100 Index	18.99%	15.27%

Correlation

The correlation between EUDF.DE and ^NDX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
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: 7
EUDF.DE Sharpe Ratio Rank: 7
EUDF.DE Sortino Ratio Rank: 7
EUDF.DE Omega Ratio Rank: 7
EUDF.DE Calmar Ratio Rank: 7
EUDF.DE Martin Ratio Rank: 7

^NDX

^NDX Risk / Return Rank: 66
^NDX Sharpe Ratio Rank: 67
^NDX Sortino Ratio Rank: 60
^NDX Omega Ratio Rank: 67
^NDX Calmar Ratio Rank: 69
^NDX Martin Ratio Rank: 67

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	-0.20	1.87	-2.07
Sortino ratio: Return per unit of downside risk	-0.08	2.42	-2.51
Omega ratio: Gain probability vs. loss probability	0.99	1.33	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.29	2.99	-3.28
Martin ratio: Return relative to average drawdown	-0.63	9.15	-9.78

EUDF.DE vs. ^NDX - Sharpe Ratio Comparison

The current EUDF.DE Sharpe Ratio is -0.20, which is lower than the ^NDX Sharpe Ratio of 1.87. 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	-17.41%	-3.70%	-13.71%
Average Drawdown Average peak-to-trough decline	-6.89%	-8.00%	+1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.01%	3.65%	+5.36%

Volatility

EUDF.DE vs. ^NDX - Volatility Comparison

The current volatility for WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) is 6.43%, while NASDAQ 100 Index (^NDX) has a volatility of 8.28%. This indicates that EUDF.DE 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.

Volatility by Period

	EUDF.DE	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	8.28%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	22.17%	13.59%	+8.58%
Volatility (1Y) Calculated over the trailing 1-year period	28.75%	17.88%	+10.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.41%	22.49%	+7.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.41%	22.95%	+7.46%

Frequently Asked Questions

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

EUDF.DE and ^NDX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.