IAEX.AS vs. ^NDX
IAEX.AS (iShares AEX UCITS ETF) is Europe Equities fund tracking the Euronext AEX All Share TR EUR, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, IAEX.AS returned 11.90%/yr vs 19.95%/yr for ^NDX. At a 0.44 correlation, their price movements are largely independent.
Performance
IAEX.AS vs. ^NDX - Performance Comparison
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Different Trading Currencies
IAEX.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
In the year-to-date period, IAEX.AS achieves a 17.38% return, which is significantly lower than ^NDX's 19.64% return. Over the past 10 years, IAEX.AS has underperformed ^NDX with an annualized return of 11.90%, while ^NDX has yielded a comparatively higher 19.95% annualized return.
IAEX.AS
- 1D
- 0.33%
- 1M
- 2.94%
- 6M
- 10.43%
- YTD
- 17.38%
- 1Y
- 24.67%
- 3Y*
- 15.01%
- 5Y*
- 10.72%
- 10Y*
- 11.90%
^NDX
- 1D
- 0.00%
- 1M
- -0.39%
- 6M
- 16.88%
- YTD
- 19.64%
- 1Y
- 30.66%
- 3Y*
- 22.52%
- 5Y*
- 15.64%
- 10Y*
- 19.95%
IAEX.AS vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAEX.AS iShares AEX UCITS ETF | 17.38% | 10.50% | 14.17% | 16.75% | -12.11% | 30.21% | 5.01% | 27.67% | -8.03% | 15.97% |
^NDX NASDAQ 100 Index | 17.98% | 5.91% | 33.12% | 49.19% | -28.81% | 36.10% | 35.42% | 41.08% | 3.61% | 15.35% |
Correlation
The correlation between IAEX.AS and ^NDX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2007 | 0.44 |
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Return for Risk
IAEX.AS vs. ^NDX — Risk / Return Rank
IAEX.AS
^NDX
IAEX.AS vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares AEX UCITS ETF (IAEX.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.
| IAEX.AS | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 2.75 | +0.84 |
| Martin ratioReturn relative to average drawdown | 10.75 | 8.31 | +2.44 |
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Drawdowns
IAEX.AS vs. ^NDX - Drawdown Comparison
The maximum IAEX.AS drawdown since its inception was -62.99%, which is greater than ^NDX's maximum drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for IAEX.AS and ^NDX.
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Drawdown Indicators
| IAEX.AS | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.99% | -46.44% | -16.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.78% | -11.19% | +4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.83% | -27.30% | +11.47% |
Max Drawdown (5Y)Largest decline over 5 years | -22.39% | -31.53% | +9.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.34% | -31.53% | -3.81% |
Current DrawdownCurrent decline from peak | 0.00% | -3.17% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -14.38% | -8.01% | -6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.70% | -1.43% |
Volatility
IAEX.AS vs. ^NDX - Volatility Comparison
The current volatility for iShares AEX UCITS ETF (IAEX.AS) is 3.07%, while NASDAQ 100 Index (^NDX) has a volatility of 6.83%. This indicates that IAEX.AS experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAEX.AS | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 6.83% | -3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 14.22% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.46% | 18.36% | -4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.47% | 22.57% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 22.98% | -7.02% |
Frequently Asked Questions
IAEX.AS and ^NDX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for IAEX.AS and ^NDX
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