SDEU.L vs. ^NDX
SDEU.L (iShares Germany Government Bond UCITS ETF (Dist)) is European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, SDEU.L returned -1.37%/yr vs 19.59%/yr for ^NDX. At a 0.08 correlation, their price movements are largely independent.
Performance
SDEU.L vs. ^NDX - Performance Comparison
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Different Trading Currencies
SDEU.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, SDEU.L achieves a -3.18% return, which is significantly lower than ^NDX's 13.62% return. Over the past 10 years, SDEU.L has underperformed ^NDX with an annualized return of -1.37%, while ^NDX has yielded a comparatively higher 19.59% annualized return.
SDEU.L
- 1D
- -0.17%
- 1M
- -2.62%
- 6M
- -2.80%
- YTD
- -3.18%
- 1Y
- -2.91%
- 3Y*
- 0.15%
- 5Y*
- -3.75%
- 10Y*
- -1.37%
- ALL TIME*
- -1.12%
^NDX
- 1D
- 0.19%
- 1M
- -7.49%
- 6M
- 11.57%
- YTD
- 13.62%
- 1Y
- 23.90%
- 3Y*
- 21.06%
- 5Y*
- 14.49%
- 10Y*
- 19.59%
- ALL TIME*
- 17.84%
SDEU.L vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDEU.L iShares Germany Government Bond UCITS ETF (Dist) | -3.18% | 3.53% | -4.21% | 3.07% | -13.18% | -9.05% | 8.45% | -2.18% | 3.12% | 1.86% |
^NDX NASDAQ 100 Index | 13.62% | 11.61% | 27.06% | 46.12% | -25.00% | 27.83% | 43.25% | 32.72% | 4.83% | 20.14% |
Correlation
The correlation between SDEU.L and ^NDX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 8, 2012 | 0.08 |
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Return for Risk
SDEU.L vs. ^NDX — Risk / Return Rank
SDEU.L
^NDX
SDEU.L vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Germany Government Bond UCITS ETF (Dist) (SDEU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SDEU.L | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.24 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.99 | -2.52 |
| Martin ratioReturn relative to average drawdown | -1.19 | 5.66 | -6.85 |
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Drawdowns
SDEU.L vs. ^NDX - Drawdown Comparison
The maximum SDEU.L drawdown since its inception was -27.60%, smaller than the maximum ^NDX drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for SDEU.L and ^NDX.
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Drawdown Indicators
| SDEU.L | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.60% | -34.63% | +7.03% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -12.05% | +6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -7.01% | -24.98% | +17.97% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -28.43% | +7.96% |
Max Drawdown (10Y)Largest decline over 10 years | -27.60% | -28.43% | +0.83% |
Current DrawdownCurrent decline from peak | -25.05% | -7.49% | -17.56% |
Average DrawdownAverage peak-to-trough decline | -14.54% | -5.63% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 4.23% | -1.79% |
Volatility
SDEU.L vs. ^NDX - Volatility Comparison
The current volatility for iShares Germany Government Bond UCITS ETF (Dist) (SDEU.L) is 1.44%, while NASDAQ 100 Index (^NDX) has a volatility of 6.94%. This indicates that SDEU.L experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDEU.L | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 6.94% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.92% | 14.13% | -10.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.02% | 17.94% | -12.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.36% | 21.71% | -14.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.06% | 22.54% | -14.48% |
Frequently Asked Questions
SDEU.L and ^NDX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SDEU.L and ^NDX
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