HNDX.DE vs. ANAU.DE
HNDX.DE (Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc)) and ANAU.DE (AXA IM NASDAQ 100 UCITS ETF - USD Acc) are both Nasdaq-100 funds - HNDX.DE tracks the Nasdaq-100 Index (EUR Hedged) while ANAU.DE tracks the NASDAQ-100 Index. Both are passively managed. Over the past year, HNDX.DE returned 26.80% vs 15.26% for ANAU.DE. A 0.78 correlation means they provide meaningful diversification when combined. HNDX.DE charges 0.35%/yr vs 0.14%/yr for ANAU.DE.
Performance
HNDX.DE vs. ANAU.DE - Performance Comparison
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Different Trading Currencies
HNDX.DE is traded in EUR, while ANAU.DE is traded in USD. To make them comparable, the ANAU.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HNDX.DE achieves a 14.79% return, which is significantly higher than ANAU.DE's 3.00% 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%
ANAU.DE
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 4.06%
- YTD
- 3.00%
- 1Y
- 15.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HNDX.DE vs. ANAU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HNDX.DE Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) | 14.79% | 17.83% | 24.11% | 11.07% |
ANAU.DE AXA IM NASDAQ 100 UCITS ETF - USD Acc | 3.00% | 6.81% | 34.15% | 11.00% |
Correlation
The correlation between HNDX.DE and ANAU.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2023 | 0.78 |
The correlation between HNDX.DE and ANAU.DE shifts across timeframes, from 0.59 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HNDX.DE vs. ANAU.DE — Risk / Return Rank
HNDX.DE
ANAU.DE
HNDX.DE vs. ANAU.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 AXA IM NASDAQ 100 UCITS ETF - USD Acc (ANAU.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 | ANAU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.37 | +1.83 |
| Martin ratioReturn relative to average drawdown | 7.31 | 0.99 | +6.33 |
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Drawdowns
HNDX.DE vs. ANAU.DE - Drawdown Comparison
The maximum HNDX.DE drawdown since its inception was -37.18%, which is greater than ANAU.DE's maximum drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for HNDX.DE and ANAU.DE.
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Drawdown Indicators
| HNDX.DE | ANAU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.18% | -26.00% | -11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -10.15% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -21.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.18% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -0.54% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -4.45% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 2.49% | +1.16% |
Volatility
HNDX.DE vs. ANAU.DE - Volatility Comparison
Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) (HNDX.DE) has a higher volatility of 8.86% compared to AXA IM NASDAQ 100 UCITS ETF - USD Acc (ANAU.DE) at 1.53%. This indicates that HNDX.DE's price experiences larger fluctuations and is considered to be riskier than ANAU.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 | ANAU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 1.53% | +7.33% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 6.71% | +8.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 16.92% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 19.18% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 19.18% | +1.03% |
HNDX.DE vs. ANAU.DE - Expense Ratio Comparison
HNDX.DE has a 0.35% expense ratio, which is higher than ANAU.DE's 0.14% expense ratio.
Dividends
HNDX.DE vs. ANAU.DE - Dividend Comparison
Neither HNDX.DE nor ANAU.DE has paid dividends to shareholders.
Frequently Asked Questions
HNDX.DE and ANAU.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ANAU.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ANAU.DE is cheaper with a 0.14% expense ratio, compared with 0.35% for HNDX.DE.
HNDX.DE tracks Nasdaq-100 Index (EUR Hedged), while ANAU.DE tracks NASDAQ-100 Index. They also come from different issuers: Amundi and AXA IM. Their fees differ too: 0.35% for HNDX.DE and 0.14% for ANAU.DE.
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