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

EUNA.AS vs. ^NDX

Last updated Jun 26, 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.

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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
0.69%
1M
0.41%
YTD
20.50%
6M
18.91%
1Y
35.77%
3Y*
24.35%
5Y*
16.60%
10Y*
21.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUNA.AS vs. ^NDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUNA.AS
iShares STOXX Europe 50 UCITS ETF		0.00%12.22%8.00%15.11%-2.25%26.64%-6.34%26.46%-9.51%9.05%
^NDX
NASDAQ 100 Index		20.50%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 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

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

0.25

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

0.30

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

0.36

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2008

0.41

Over the past year, the correlation between EUNA.AS and ^NDX has dropped to 0.16 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares STOXX Europe 50 UCITS ETF

NASDAQ 100 Index

Often compared with EUNA.AS:
EUNA.AS vs. BNDWEUNA.AS vs. EUNL.DEEUNA.AS vs. EUEA.ASEUNA.AS vs. IXJEUNA.AS vs. VOOGEUNA.AS vs. IVVEUNA.AS vs. SPY
Often compared with ^NDX:
^NDX vs. BRK-B^NDX vs. SPY^NDX vs. ARKK^NDX vs. ^IXIC^NDX vs. TSLA^NDX vs. ^SOX^NDX vs. VOO

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.
EUNA.AS

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

^NDX
^NDX Risk / Return Rank: 7777
Overall Rank
^NDX Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
^NDX Sortino Ratio Rank: 7777
Sortino Ratio Rank
^NDX Omega Ratio Rank: 7979
Omega Ratio Rank
^NDX Calmar Ratio Rank: 7979
Calmar Ratio Rank
^NDX Martin Ratio Rank: 7474
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.

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.

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.

EUNA.AS^NDXDifference
Sharpe ratioReturn per unit of total volatility

—

2.02

—

Sortino ratioReturn per unit of downside risk

—

2.58

—

Omega ratioGain probability vs. loss probability

—

1.36

—

Calmar ratioReturn relative to maximum drawdown

—

3.21

—

Martin ratioReturn relative to average drawdown

—

9.85

—

EUNA.AS vs. ^NDX - Sharpe Ratio Comparison

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Drawdowns

EUNA.AS vs. ^NDX - Drawdown Comparison

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Drawdown Indicators

EUNA.AS^NDXDifference

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

—

-2.48%

—

Average Drawdown

Average peak-to-trough decline

—

-8.00%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.64%

—

Volatility

EUNA.AS vs. ^NDX - Volatility Comparison

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Volatility by Period

EUNA.AS^NDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

8.19%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

13.52%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

17.83%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

22.49%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

22.95%

—

Frequently Asked Questions

EUNA.AS and ^NDX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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