NASD.L vs. HDB

Last updated Jun 5, 2026

NASD.L (Lyxor Nasdaq-100 Ucits ETF Acc USD) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while HDB (HDFC Bank Limited) is a stock. Over the past 5 years, NASD.L returned 17.79%/yr vs -7.19%/yr for HDB. At a 0.25 correlation, their price movements are largely independent.

Performance

NASD.L vs. HDB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor Nasdaq-100 Ucits ETF Acc USD (NASD.L) and HDFC Bank Limited (HDB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NASD.L achieves a 19.73% return, which is significantly higher than HDB's -34.24% return.

NASD.L

• 1D: -0.74%
• 1M: 8.56%
• YTD: 19.73%
• 6M: 19.19%
• 1Y: 40.49%
• 3Y*: 28.20%
• 5Y*: 17.79%
• 10Y*: —

HDB

• 1D: 2.04%
• 1M: -3.22%
• YTD: -34.24%
• 6M: -33.18%
• 1Y: -34.52%
• 3Y*: -7.93%
• 5Y*: -7.19%
• 10Y*: 5.10%

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

NASD.L vs. HDB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NASD.L Lyxor Nasdaq-100 Ucits ETF Acc USD	19.73%	19.87%	26.82%	56.40%	-33.39%	28.25%	48.47%	38.09%	-8.81%
HDB HDFC Bank Limited	-34.24%	17.07%	-2.54%	0.16%	7.39%	-9.29%	14.03%	22.58%	4.20%

Correlation

The correlation between NASD.L and HDB is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since May 15, 2018	0.25

The correlation between NASD.L and HDB shifts across timeframes, from 0.12 (3 years) to 0.25 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NASD.L vs. HDB — Risk / Return Rank

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

NASD.L

NASD.L Risk / Return Rank: 76
NASD.L Sharpe Ratio Rank: 80
NASD.L Sortino Ratio Rank: 79
NASD.L Omega Ratio Rank: 75
NASD.L Calmar Ratio Rank: 74
NASD.L Martin Ratio Rank: 72

HDB

HDB Risk / Return Rank: 3
HDB Sharpe Ratio Rank: 1
HDB Sortino Ratio Rank: 2
HDB Omega Ratio Rank: 3
HDB Calmar Ratio Rank: 8
HDB Martin Ratio Rank: 2

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.

NASD.L vs. HDB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Nasdaq-100 Ucits ETF Acc USD (NASD.L) and HDFC Bank Limited (HDB). 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.

	NASD.L	HDB	Difference
Sharpe ratio: Return per unit of total volatility	2.55	-1.42	+3.97
Sortino ratio: Return per unit of downside risk	3.50	-2.14	+5.64
Omega ratio: Gain probability vs. loss probability	1.44	0.75	+0.69
Calmar ratio: Return relative to maximum drawdown	3.69	-0.87	+4.56
Martin ratio: Return relative to average drawdown	13.29	-1.81	+15.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NASD.L vs. HDB - Sharpe Ratio Comparison

The current NASD.L Sharpe Ratio is 2.55, which is higher than the HDB Sharpe Ratio of -1.42. The chart below compares the historical Sharpe Ratios of NASD.L and HDB, 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

	NASD.L	HDB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	-1.42	+3.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	-0.27	+1.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.43	+0.55

Drawdowns

NASD.L vs. HDB - Drawdown Comparison

The maximum NASD.L drawdown since its inception was -35.01%, smaller than the maximum HDB drawdown of -67.93%. Use the drawdown chart below to compare losses from any high point for NASD.L and HDB.

Drawdown Indicators

	NASD.L	HDB	Difference
Max Drawdown Largest peak-to-trough decline	-35.01%	-67.93%	+32.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	-39.62%	+28.69%
Max Drawdown (3Y) Largest decline over 3 years	-22.36%	-39.62%	+17.26%
Max Drawdown (5Y) Largest decline over 5 years	-35.01%	-39.62%	+4.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-54.28%	—
Current Drawdown Current decline from peak	-0.74%	-38.36%	+37.62%
Average Drawdown Average peak-to-trough decline	-7.28%	-13.78%	+6.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	19.14%	-16.10%

Volatility

NASD.L vs. HDB - Volatility Comparison

The current volatility for Lyxor Nasdaq-100 Ucits ETF Acc USD (NASD.L) is 4.92%, while HDFC Bank Limited (HDB) has a volatility of 8.84%. This indicates that NASD.L experiences smaller price fluctuations and is considered to be less risky than HDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NASD.L	HDB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	8.84%	-3.92%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	20.66%	-8.97%
Volatility (1Y) Calculated over the trailing 1-year period	15.83%	24.35%	-8.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	26.78%	-5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.24%	29.05%	-7.81%

Dividends

NASD.L vs. HDB - Dividend Comparison

NASD.L has not paid dividends to shareholders, while HDB's dividend yield for the trailing twelve months is around 3.53%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDB HDFC Bank Limited	3.53%	2.32%	2.19%	2.06%	1.70%	0.81%	0.00%	0.17%	0.55%	0.49%	0.66%	0.58%
NASD.L Lyxor Nasdaq-100 Ucits ETF Acc USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.66%	0.70%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NASD.L and HDB in my portfolio?

NASD.L and HDB have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.