NWG.L vs. ^NDX

Last updated Apr 2, 2026

Compare and contrast key facts about NatWest Group plc (NWG.L) and NASDAQ 100 Index (^NDX).

Performance

NWG.L vs. ^NDX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in NatWest Group plc (NWG.L) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

NWG.L vs. ^NDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWG.L NatWest Group plc	-6.83%	71.03%	95.51%	-11.95%	22.09%	38.61%	-30.23%	24.47%	-21.41%	23.78%
^NDX NASDAQ 100 Index	-3.30%	11.61%	27.06%	46.12%	-25.00%	27.83%	43.25%	32.72%	4.83%	20.14%

Different Trading Currencies

NWG.L is traded in GBp, while ^NDX is traded in USD. To make them comparable, the ^NDX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, NWG.L achieves a -6.83% return, which is significantly lower than ^NDX's -3.30% return. Over the past 10 years, NWG.L has underperformed ^NDX with an annualized return of 14.96%, while ^NDX has yielded a comparatively higher 18.99% annualized return.

NWG.L

• 1D: 5.42%
• 1M: 1.05%
• YTD: -6.83%
• 6M: 15.28%
• 1Y: 34.80%
• 3Y*: 38.46%
• 5Y*: 31.25%
• 10Y*: 14.96%

^NDX

• 1D: 0.95%
• 1M: -2.80%
• YTD: -3.30%
• 6M: -1.51%
• 1Y: 20.48%
• 3Y*: 19.25%
• 5Y*: 13.46%
• 10Y*: 18.99%

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

Return for Risk

NWG.L vs. ^NDX — Risk / Return Rank

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

NWG.L

NWG.L Risk / Return Rank: 72
NWG.L Sharpe Ratio Rank: 78
NWG.L Sortino Ratio Rank: 69
NWG.L Omega Ratio Rank: 70
NWG.L Calmar Ratio Rank: 70
NWG.L Martin Ratio Rank: 74

^NDX

^NDX Risk / Return Rank: 76
^NDX Sharpe Ratio Rank: 70
^NDX Sortino Ratio Rank: 74
^NDX Omega Ratio Rank: 74
^NDX Calmar Ratio Rank: 81
^NDX Martin Ratio Rank: 80

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.

NWG.L vs. ^NDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NatWest Group plc (NWG.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.

	NWG.L	^NDX	Difference
Sharpe ratio Return per unit of total volatility	1.18	0.89	+0.28
Sortino ratio Return per unit of downside risk	1.60	1.41	+0.19
Omega ratio Gain probability vs. loss probability	1.22	1.20	+0.01
Calmar ratio Return relative to maximum drawdown	1.52	1.78	-0.26
Martin ratio Return relative to average drawdown	4.61	5.00	-0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWG.L vs. ^NDX - Sharpe Ratio Comparison

The current NWG.L Sharpe Ratio is 1.18, which is higher than the ^NDX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of NWG.L and ^NDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NWG.L	^NDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	0.89	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	0.63	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.85	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.76	-0.76

Correlation

The correlation between NWG.L and ^NDX is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

NWG.L vs. ^NDX - Drawdown Comparison

The maximum NWG.L drawdown since its inception was -100.00%, which is greater than ^NDX's maximum drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for NWG.L and ^NDX.

Drawdown Indicators

	NWG.L	^NDX	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-82.90%	-17.10%
Max Drawdown (1Y) Largest decline over 1 year	-22.06%	-12.72%	-9.34%
Max Drawdown (5Y) Largest decline over 5 years	-39.51%	-35.56%	-3.95%
Max Drawdown (10Y) Largest decline over 10 years	-65.08%	-35.56%	-29.52%
Current Drawdown Current decline from peak	-84.16%	-8.04%	-76.12%
Average Drawdown Average peak-to-trough decline	-45.46%	-24.72%	-20.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.25%	3.49%	+3.76%

Volatility

NWG.L vs. ^NDX - Volatility Comparison

NatWest Group plc (NWG.L) has a higher volatility of 9.89% compared to NASDAQ 100 Index (^NDX) at 5.76%. This indicates that NWG.L's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWG.L	^NDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.89%	5.76%	+4.13%
Volatility (6M) Calculated over the trailing 6-month period	21.40%	12.60%	+8.80%
Volatility (1Y) Calculated over the trailing 1-year period	29.43%	23.01%	+6.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.05%	21.39%	+7.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.54%	22.44%	+11.10%