HNDX.DE vs. NADQ.DE
HNDX.DE (Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc)) and NADQ.DE (Amundi Nasdaq-100 II UCITS ETF Dist) are both Nasdaq-100 funds from Amundi - HNDX.DE tracks the Nasdaq-100 Index (EUR Hedged) while NADQ.DE tracks the Nasdaq 100®. Both are passively managed. Over the past 5 years, HNDX.DE returned 12.90%/yr vs 16.58%/yr for NADQ.DE. Their correlation of 0.90 suggests significant overlap in exposure. HNDX.DE charges 0.35%/yr vs 0.22%/yr for NADQ.DE.
Performance
HNDX.DE vs. NADQ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HNDX.DE achieves a 14.79% return, which is significantly lower than NADQ.DE's 19.72% 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%
NADQ.DE
- 1D
- 0.48%
- 1M
- -1.62%
- 6M
- 20.99%
- YTD
- 19.72%
- 1Y
- 33.82%
- 3Y*
- 23.59%
- 5Y*
- 16.58%
- 10Y*
- —
HNDX.DE vs. NADQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HNDX.DE Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) | 14.79% | 17.83% | 24.11% | 52.12% | -36.05% | 27.50% | 12.78% |
NADQ.DE Amundi Nasdaq-100 II UCITS ETF Dist | 19.72% | 7.04% | 34.04% | 51.42% | -29.92% | 39.63% | -5.81% |
Correlation
The correlation between HNDX.DE and NADQ.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.90 |
The correlation between HNDX.DE and NADQ.DE shifts across timeframes, from 0.75 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HNDX.DE vs. NADQ.DE — Risk / Return Rank
HNDX.DE
NADQ.DE
HNDX.DE vs. NADQ.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 Nasdaq-100 II UCITS ETF Dist (NADQ.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 | NADQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.38 | -1.18 |
| Martin ratioReturn relative to average drawdown | 7.31 | 9.85 | -2.54 |
Loading charts...
Drawdowns
HNDX.DE vs. NADQ.DE - Drawdown Comparison
The maximum HNDX.DE drawdown since its inception was -37.18%, which is greater than NADQ.DE's maximum drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for HNDX.DE and NADQ.DE.
Loading charts...
Drawdown Indicators
| HNDX.DE | NADQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.18% | -31.17% | -6.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -9.97% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -21.95% | -26.70% | +4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -37.18% | -31.17% | -6.01% |
Max Drawdown (10Y)Largest decline over 10 years | -37.18% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -2.13% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -7.80% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 3.42% | +0.23% |
Volatility
HNDX.DE vs. NADQ.DE - Volatility Comparison
Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) (HNDX.DE) has a higher volatility of 8.86% compared to Amundi Nasdaq-100 II UCITS ETF Dist (NADQ.DE) at 6.69%. This indicates that HNDX.DE's price experiences larger fluctuations and is considered to be riskier than NADQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HNDX.DE | NADQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 6.69% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 12.18% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 16.73% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 19.96% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 20.86% | -0.65% |
HNDX.DE vs. NADQ.DE - Expense Ratio Comparison
HNDX.DE has a 0.35% expense ratio, which is higher than NADQ.DE's 0.22% expense ratio.
Dividends
HNDX.DE vs. NADQ.DE - Dividend Comparison
HNDX.DE has not paid dividends to shareholders, while NADQ.DE's dividend yield for the trailing twelve months is around 0.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HNDX.DE Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NADQ.DE Amundi Nasdaq-100 II UCITS ETF Dist | 0.33% | 0.40% | 0.52% | 0.37% | 0.77% | 0.43% |
Frequently Asked Questions
HNDX.DE and NADQ.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NADQ.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NADQ.DE is cheaper with a 0.22% expense ratio, compared with 0.35% for HNDX.DE.
HNDX.DE tracks Nasdaq-100 Index (EUR Hedged), while NADQ.DE tracks Nasdaq 100®. Their fees differ too: 0.35% for HNDX.DE and 0.22% for NADQ.DE.
Find the right allocation for HNDX.DE and NADQ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer