HNDX.DE vs. 18MK.DE
HNDX.DE (Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc)) and 18MK.DE (Amundi MSCI India UCITS ETF EUR) are both exchange-traded funds - HNDX.DE is a Nasdaq-100 fund tracking the Nasdaq-100 Index (EUR Hedged), while 18MK.DE is a India Equities fund tracking the MSCI India. Both are passively managed. Over the past 10 years, HNDX.DE returned 18.84%/yr vs 6.60%/yr for 18MK.DE. At a 0.39 correlation, their price movements are largely independent. HNDX.DE charges 0.35%/yr vs 0.80%/yr for 18MK.DE.
Performance
HNDX.DE vs. 18MK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HNDX.DE achieves a 14.79% return, which is significantly higher than 18MK.DE's -6.22% return. Over the past 10 years, HNDX.DE has outperformed 18MK.DE with an annualized return of 18.84%, while 18MK.DE has yielded a comparatively lower 6.60% annualized return.
HNDX.DE
- 1D
- 1.36%
- 1M
- -3.09%
- 6M
- 16.12%
- YTD
- 14.79%
- 1Y
- 26.80%
- 3Y*
- 22.70%
- 5Y*
- 12.90%
- 10Y*
- 18.84%
18MK.DE
- 1D
- 0.48%
- 1M
- 6.78%
- 6M
- -8.01%
- YTD
- -6.22%
- 1Y
- -10.46%
- 3Y*
- 2.65%
- 5Y*
- 4.71%
- 10Y*
- 6.60%
HNDX.DE vs. 18MK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HNDX.DE Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) | 14.79% | 17.83% | 24.11% | 52.12% | -36.05% | 27.50% | 45.80% | 34.89% | -4.53% | 29.05% |
18MK.DE Amundi MSCI India UCITS ETF EUR | -6.22% | -10.32% | 16.35% | 14.11% | -2.28% | 33.62% | 2.72% | 9.58% | -4.91% | 20.20% |
Correlation
The correlation between HNDX.DE and 18MK.DE 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 | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2013 | 0.39 |
The correlation between HNDX.DE and 18MK.DE shifts across timeframes, from 0.22 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HNDX.DE vs. 18MK.DE — Risk / Return Rank
HNDX.DE
18MK.DE
HNDX.DE vs. 18MK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) (HNDX.DE) and Amundi MSCI India UCITS ETF EUR (18MK.DE). 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.
| HNDX.DE | 18MK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.91 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | -0.54 | +2.74 |
| Martin ratioReturn relative to average drawdown | 7.31 | -1.13 | +8.44 |
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Drawdowns
HNDX.DE vs. 18MK.DE - Drawdown Comparison
The maximum HNDX.DE drawdown since its inception was -37.18%, smaller than the maximum 18MK.DE drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for HNDX.DE and 18MK.DE.
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Drawdown Indicators
| HNDX.DE | 18MK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.18% | -42.41% | +5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -19.28% | +7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.95% | -29.72% | +7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -37.18% | -29.72% | -7.46% |
Max Drawdown (10Y)Largest decline over 10 years | -37.18% | -41.56% | +4.38% |
Current DrawdownCurrent decline from peak | -3.40% | -22.25% | +18.85% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -12.08% | +6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 9.27% | -5.62% |
Volatility
HNDX.DE vs. 18MK.DE - Volatility Comparison
Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) (HNDX.DE) has a higher volatility of 8.86% compared to Amundi MSCI India UCITS ETF EUR (18MK.DE) at 4.51%. This indicates that HNDX.DE's price experiences larger fluctuations and is considered to be riskier than 18MK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNDX.DE | 18MK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 4.51% | +4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 14.10% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 16.79% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 16.68% | +4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 20.29% | -0.08% |
HNDX.DE vs. 18MK.DE - Expense Ratio Comparison
HNDX.DE has a 0.35% expense ratio, which is lower than 18MK.DE's 0.80% expense ratio.
Dividends
HNDX.DE vs. 18MK.DE - Dividend Comparison
Neither HNDX.DE nor 18MK.DE has paid dividends to shareholders.
Frequently Asked Questions
HNDX.DE and 18MK.DE 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.
On fees, HNDX.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HNDX.DE is cheaper with a 0.35% expense ratio, compared with 0.80% for 18MK.DE.
HNDX.DE is categorized as Nasdaq-100, while 18MK.DE is India Equities. HNDX.DE tracks Nasdaq-100 Index (EUR Hedged), while 18MK.DE tracks MSCI India. Their fees differ too: 0.35% for HNDX.DE and 0.80% for 18MK.DE.
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