NADQ.DE vs. ANAU.DE

Last updated Jun 5, 2026

NADQ.DE (Amundi Nasdaq-100 II UCITS ETF Dist) and ANAU.DE (AXA IM NASDAQ 100 UCITS ETF - USD Acc) are both Nasdaq-100 funds - NADQ.DE tracks the Nasdaq 100® while ANAU.DE tracks the NASDAQ-100 Index. Both are passively managed. Over the past year, NADQ.DE returned 37.21% vs 38.19% for ANAU.DE. Their correlation of 0.95 suggests significant overlap in exposure. NADQ.DE charges 0.22%/yr vs 0.14%/yr for ANAU.DE.

Performance

NADQ.DE vs. ANAU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Nasdaq-100 II UCITS ETF Dist (NADQ.DE) and AXA IM NASDAQ 100 UCITS ETF - USD Acc (ANAU.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NADQ.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

The year-to-date returns for both stocks are quite close, with NADQ.DE having a 20.63% return and ANAU.DE slightly lower at 20.62%.

NADQ.DE

• 1D: -0.86%
• 1M: 7.96%
• YTD: 20.63%
• 6M: 18.75%
• 1Y: 37.21%
• 3Y*: 24.74%
• 5Y*: 18.92%
• 10Y*: 21.45%

ANAU.DE

• 1D: -0.83%
• 1M: 9.26%
• YTD: 20.62%
• 6M: 19.50%
• 1Y: 38.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NADQ.DE vs. ANAU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NADQ.DE Amundi Nasdaq-100 II UCITS ETF Dist	20.63%	7.04%	34.07%	11.05%
ANAU.DE AXA IM NASDAQ 100 UCITS ETF - USD Acc	20.63%	6.81%	34.15%	11.12%

Correlation

The correlation between NADQ.DE and ANAU.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023	0.95

The correlation between NADQ.DE and ANAU.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

NADQ.DE vs. ANAU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NADQ.DE

NADQ.DE Risk / Return Rank: 72
NADQ.DE Sharpe Ratio Rank: 75
NADQ.DE Sortino Ratio Rank: 72
NADQ.DE Omega Ratio Rank: 72
NADQ.DE Calmar Ratio Rank: 76
NADQ.DE Martin Ratio Rank: 64

ANAU.DE

ANAU.DE Risk / Return Rank: 76
ANAU.DE Sharpe Ratio Rank: 79
ANAU.DE Sortino Ratio Rank: 79
ANAU.DE Omega Ratio Rank: 75
ANAU.DE Calmar Ratio Rank: 75
ANAU.DE Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NADQ.DE vs. ANAU.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Nasdaq-100 II UCITS ETF Dist (NADQ.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.

	NADQ.DE	ANAU.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.40	2.31	+0.10
Sortino ratio: Return per unit of downside risk	3.19	3.10	+0.08
Omega ratio: Gain probability vs. loss probability	1.42	1.41	+0.01
Calmar ratio: Return relative to maximum drawdown	3.79	3.74	+0.05
Martin ratio: Return relative to average drawdown	11.32	11.11	+0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NADQ.DE vs. ANAU.DE - Sharpe Ratio Comparison

The current NADQ.DE Sharpe Ratio is 2.40, which is comparable to the ANAU.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of NADQ.DE and ANAU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NADQ.DE	ANAU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	2.31	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	1.38	-0.41

Drawdowns

NADQ.DE vs. ANAU.DE - Drawdown Comparison

The maximum NADQ.DE drawdown since its inception was -33.44%, 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 NADQ.DE and ANAU.DE.

Drawdown Indicators

	NADQ.DE	ANAU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.44%	-26.00%	-7.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.97%	-10.15%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-26.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.16%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.16%	—	—
Current Drawdown Current decline from peak	-0.86%	-0.83%	-0.03%
Average Drawdown Average peak-to-trough decline	-5.93%	-4.30%	-1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	3.43%	-0.08%

Volatility

NADQ.DE vs. ANAU.DE - Volatility Comparison

The current volatility for Amundi Nasdaq-100 II UCITS ETF Dist (NADQ.DE) is 4.26%, while AXA IM NASDAQ 100 UCITS ETF - USD Acc (ANAU.DE) has a volatility of 4.56%. This indicates that NADQ.DE experiences smaller price fluctuations and is considered to be less risky than ANAU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NADQ.DE	ANAU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	4.56%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	11.85%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	16.48%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.84%	19.09%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	19.09%	+0.45%

NADQ.DE vs. ANAU.DE - Expense Ratio Comparison

NADQ.DE has a 0.22% expense ratio, which is higher than ANAU.DE's 0.14% 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

NADQ.DE vs. ANAU.DE - Dividend Comparison

NADQ.DE's dividend yield for the trailing twelve months is around 0.33%, while ANAU.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ANAU.DE AXA IM NASDAQ 100 UCITS ETF - USD Acc	0.00%	0.00%	0.00%	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%	0.55%	0.40%	0.79%	0.51%	0.40%	0.54%	0.63%

Frequently Asked Questions

Can I hold both NADQ.DE and ANAU.DE in my portfolio?

With a correlation of 0.96, NADQ.DE and ANAU.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, NADQ.DE or ANAU.DE?

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.

Which ETF is cheaper, NADQ.DE or ANAU.DE?

ANAU.DE is cheaper with a 0.14% expense ratio, compared with 0.22% for NADQ.DE.

What is the main difference between NADQ.DE and ANAU.DE?

NADQ.DE tracks Nasdaq 100®, while ANAU.DE tracks NASDAQ-100 Index. They also come from different issuers: Amundi and AXA IM. Their fees differ too: 0.22% for NADQ.DE and 0.14% for ANAU.DE.