N1ES.DE vs. XNDX.DE
N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) and XNDX.DE (Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD) are both Nasdaq-100 funds - N1ES.DE tracks the Nasdaq 100® ESG while XNDX.DE tracks the Nasdaq 100 Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. N1ES.DE charges 0.25%/yr vs 0.18%/yr for XNDX.DE.
Performance
N1ES.DE vs. XNDX.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with N1ES.DE having a 21.31% return and XNDX.DE slightly lower at 20.67%.
N1ES.DE
- 1D
- -0.74%
- 1M
- 8.84%
- YTD
- 21.31%
- 6M
- 19.74%
- 1Y
- 39.34%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
XNDX.DE
- 1D
- -0.82%
- 1M
- 8.01%
- YTD
- 20.67%
- 6M
- 18.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
N1ES.DE vs. XNDX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 12.01% |
XNDX.DE Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD | 20.67% | -4.86% |
Correlation
The correlation between N1ES.DE and XNDX.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.90 |
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Return for Risk
N1ES.DE vs. XNDX.DE — Risk / Return Rank
N1ES.DE
XNDX.DE
N1ES.DE vs. XNDX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) and Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD (XNDX.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.
| N1ES.DE | XNDX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | — | — |
| Martin ratioReturn relative to average drawdown | 10.62 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| N1ES.DE | XNDX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.53 | +0.29 |
Drawdowns
N1ES.DE vs. XNDX.DE - Drawdown Comparison
The maximum N1ES.DE drawdown since its inception was -29.96%, which is greater than XNDX.DE's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for N1ES.DE and XNDX.DE.
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Drawdown Indicators
| N1ES.DE | XNDX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -20.11% | -9.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.65% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.82% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -10.66% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | — | — |
Volatility
N1ES.DE vs. XNDX.DE - Volatility Comparison
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Volatility by Period
| N1ES.DE | XNDX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 31.84% | -15.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 31.84% | -11.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 31.84% | -11.11% |
N1ES.DE vs. XNDX.DE - Expense Ratio Comparison
N1ES.DE has a 0.25% expense ratio, which is higher than XNDX.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
N1ES.DE vs. XNDX.DE - Dividend Comparison
N1ES.DE has not paid dividends to shareholders, while XNDX.DE's dividend yield for the trailing twelve months is around 0.09%.
| Position | TTM |
|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 0.00% |
XNDX.DE Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD | 0.09% |
Frequently Asked Questions
N1ES.DE and XNDX.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNDX.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNDX.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for N1ES.DE.
N1ES.DE tracks Nasdaq 100® ESG, while XNDX.DE tracks Nasdaq 100 Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.25% for N1ES.DE and 0.18% for XNDX.DE.
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