MXWO.L vs. ^NDX
MXWO.L (Invesco MSCI World UCITS ETF) is Global Equities fund tracking the MSCI ACWI NR USD, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, MXWO.L returned 13.12%/yr vs 20.99%/yr for ^NDX. At a 0.49 correlation, their price movements are largely independent.
Performance
MXWO.L vs. ^NDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MXWO.L achieves a 9.99% return, which is significantly lower than ^NDX's 20.43% return. Over the past 10 years, MXWO.L has underperformed ^NDX with an annualized return of 13.12%, while ^NDX has yielded a comparatively higher 20.99% annualized return.
MXWO.L
- 1D
- 0.04%
- 1M
- 4.21%
- YTD
- 9.99%
- 6M
- 11.10%
- 1Y
- 26.14%
- 3Y*
- 20.86%
- 5Y*
- 11.92%
- 10Y*
- 13.12%
^NDX
- 1D
- -0.53%
- 1M
- 8.54%
- YTD
- 20.43%
- 6M
- 18.87%
- 1Y
- 39.99%
- 3Y*
- 27.83%
- 5Y*
- 17.17%
- 10Y*
- 20.99%
MXWO.L vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXWO.L Invesco MSCI World UCITS ETF | 9.99% | 20.83% | 19.19% | 24.56% | -18.08% | 22.12% | 16.27% | 27.41% | -9.08% | 22.79% |
^NDX NASDAQ 100 Index | 20.43% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 31.52% |
Correlation
The correlation between MXWO.L and ^NDX is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2011 | 0.49 |
The correlation between MXWO.L and ^NDX shifts across timeframes, from 0.49 (all time) to 0.64 (1 year), 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
MXWO.L vs. ^NDX — Risk / Return Rank
MXWO.L
^NDX
MXWO.L vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF (MXWO.L) 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.
| MXWO.L | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.43 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 3.31 | -0.19 |
| Martin ratioReturn relative to average drawdown | 13.34 | 12.67 | +0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MXWO.L | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.50 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.76 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.93 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.57 | +0.29 |
Drawdowns
MXWO.L vs. ^NDX - Drawdown Comparison
The maximum MXWO.L drawdown since its inception was -33.89%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for MXWO.L and ^NDX.
Loading charts...
Drawdown Indicators
| MXWO.L | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -82.90% | +49.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -12.12% | +3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -17.85% | -22.93% | +5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -35.56% | +9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -35.56% | +1.67% |
Current DrawdownCurrent decline from peak | -0.45% | -0.82% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -24.62% | +20.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 3.17% | -1.22% |
Volatility
MXWO.L vs. ^NDX - Volatility Comparison
The current volatility for Invesco MSCI World UCITS ETF (MXWO.L) is 3.32%, while NASDAQ 100 Index (^NDX) has a volatility of 4.54%. This indicates that MXWO.L 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.
Loading charts...
Volatility by Period
| MXWO.L | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 4.54% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 12.18% | -3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 16.08% | -4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 22.59% | -6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 22.52% | -6.59% |
Frequently Asked Questions
MXWO.L and ^NDX have a correlation of 0.64, 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 MXWO.L and ^NDX
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