NADQ.DE vs. VWCE.DE

Last updated Jun 5, 2026

NADQ.DE (Amundi Nasdaq-100 II UCITS ETF Dist) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - NADQ.DE is a Nasdaq-100 fund tracking the Nasdaq 100®, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, NADQ.DE returned 18.92%/yr vs 12.28%/yr for VWCE.DE. Their correlation of 0.87 suggests significant overlap in exposure. NADQ.DE charges 0.22%/yr vs 0.19%/yr for VWCE.DE.

Performance

NADQ.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NADQ.DE achieves a 20.63% return, which is significantly higher than VWCE.DE's 12.64% return.

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%

VWCE.DE

• 1D: -0.21%
• 1M: 3.63%
• YTD: 12.64%
• 6M: 12.84%
• 1Y: 26.31%
• 3Y*: 17.85%
• 5Y*: 12.28%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NADQ.DE Amundi Nasdaq-100 II UCITS ETF Dist	20.63%	7.04%	34.07%	51.46%	-29.91%	39.75%	34.72%	10.39%
VWCE.DE Vanguard FTSE All-World UCITS ETF	12.64%	9.16%	24.41%	18.18%	-13.47%	28.62%	5.36%	8.01%

Correlation

The correlation between NADQ.DE and VWCE.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.87

The correlation between NADQ.DE and VWCE.DE has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

NADQ.DE vs. VWCE.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

VWCE.DE

VWCE.DE Risk / Return Rank: 76
VWCE.DE Sharpe Ratio Rank: 72
VWCE.DE Sortino Ratio Rank: 73
VWCE.DE Omega Ratio Rank: 74
VWCE.DE Calmar Ratio Rank: 79
VWCE.DE Martin Ratio Rank: 83

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. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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	VWCE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.40	2.31	+0.09
Sortino ratio: Return per unit of downside risk	3.19	3.24	-0.05
Omega ratio: Gain probability vs. loss probability	1.42	1.43	-0.01
Calmar ratio: Return relative to maximum drawdown	3.79	4.01	-0.22
Martin ratio: Return relative to average drawdown	11.32	16.55	-5.23
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. VWCE.DE - Sharpe Ratio Comparison

The current NADQ.DE Sharpe Ratio is 2.40, which is comparable to the VWCE.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of NADQ.DE and VWCE.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	VWCE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	2.31	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.88	+0.06
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	0.79	+0.18

Drawdowns

NADQ.DE vs. VWCE.DE - Drawdown Comparison

The maximum NADQ.DE drawdown since its inception was -33.44%, roughly equal to the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for NADQ.DE and VWCE.DE.

Drawdown Indicators

	NADQ.DE	VWCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.44%	-33.43%	-0.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.97%	-6.55%	-3.42%
Max Drawdown (3Y) Largest decline over 3 years	-26.70%	-21.07%	-5.63%
Max Drawdown (5Y) Largest decline over 5 years	-31.16%	-21.07%	-10.09%
Max Drawdown (10Y) Largest decline over 10 years	-31.16%	—	—
Current Drawdown Current decline from peak	-0.86%	-0.66%	-0.20%
Average Drawdown Average peak-to-trough decline	-5.93%	-4.69%	-1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	1.59%	+1.76%

Volatility

NADQ.DE vs. VWCE.DE - Volatility Comparison

Amundi Nasdaq-100 II UCITS ETF Dist (NADQ.DE) has a higher volatility of 4.26% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.06%. This indicates that NADQ.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NADQ.DE	VWCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	3.06%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	8.18%	+2.77%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	11.37%	+4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.84%	13.75%	+6.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	16.16%	+3.38%

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

NADQ.DE has a 0.22% expense ratio, which is higher than VWCE.DE's 0.19% 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. VWCE.DE - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
VWCE.DE Vanguard FTSE All-World UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

NADQ.DE and VWCE.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.22% for NADQ.DE.

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

NADQ.DE is categorized as Nasdaq-100, while VWCE.DE is Global Equities. NADQ.DE tracks Nasdaq 100®, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.22% for NADQ.DE and 0.19% for VWCE.DE.