EUNA.AS vs. ^NDX

Last updated Jun 4, 2026

EUNA.AS (iShares STOXX Europe 50 UCITS ETF) is Europe Equities fund tracking the MSCI Europe NR EUR, while ^NDX (NASDAQ 100 Index) is an index. At a 0.41 correlation, their price movements are largely independent.

Performance

EUNA.AS vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares STOXX Europe 50 UCITS ETF (EUNA.AS) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EUNA.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

EUNA.AS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

^NDX

• 1D: -0.08%
• 1M: 11.35%
• YTD: 22.53%
• 6M: 20.04%
• 1Y: 38.31%
• 3Y*: 24.69%
• 5Y*: 18.40%
• 10Y*: 20.84%

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

EUNA.AS vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUNA.AS iShares STOXX Europe 50 UCITS ETF	0.00%	12.22%	8.08%	15.11%	-2.25%	26.64%	-6.34%	26.46%	-9.51%	9.05%
^NDX NASDAQ 100 Index	22.53%	5.91%	33.12%	49.19%	-28.81%	36.10%	35.42%	41.08%	3.61%	15.35%

Correlation

The correlation between EUNA.AS and ^NDX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Aug 27, 2007	0.41

The correlation between EUNA.AS and ^NDX shifts across timeframes, from 0.22 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EUNA.AS vs. ^NDX — Risk / Return Rank

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

^NDX

^NDX Risk / Return Rank: 81
^NDX Sharpe Ratio Rank: 83
^NDX Sortino Ratio Rank: 82
^NDX Omega Ratio Rank: 81
^NDX Calmar Ratio Rank: 81
^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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (EUNA.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EUNA.AS	^NDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.73	—

Drawdowns

Drawdown Indicators

	EUNA.AS	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	—	-46.44%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.19%	—
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	—	-0.08%	—
Average Drawdown Average peak-to-trough decline	—	-8.00%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.58%	—

Volatility

Volatility by Period

	EUNA.AS	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.34%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.25%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.84%	—

Frequently Asked Questions

Can I hold both EUNA.AS and ^NDX in my portfolio?

EUNA.AS and ^NDX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.