TNOW.L vs. NASDX

Last updated Apr 1, 2026

Compare and contrast key facts about Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).

TNOW.L is a passively managed fund by Amundi that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Aug 16, 2010. NASDX is a passively managed fund by BlackRock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000. Both TNOW.L and NASDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TNOW.L vs. NASDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). The values are adjusted to include any dividend payments, if applicable.

TNOW.L vs. NASDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TNOW.L Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)	-11.51%	21.66%	34.01%	54.23%	-31.79%	29.94%	43.80%	46.26%	-3.48%	37.54%
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares	-9.12%	21.00%	36.91%	54.69%	-32.57%	27.32%	48.59%	38.22%	-1.21%	31.27%

Returns By Period

In the year-to-date period, TNOW.L achieves a -11.51% return, which is significantly lower than NASDX's -9.12% return. Both investments have delivered pretty close results over the past 10 years, with TNOW.L having a 19.87% annualized return and NASDX not far behind at 19.08%.

TNOW.L

• 1D: 0.60%
• 1M: -7.27%
• YTD: -11.51%
• 6M: -9.65%
• 1Y: 26.35%
• 3Y*: 22.57%
• 5Y*: 13.79%
• 10Y*: 19.87%

NASDX

• 1D: -0.79%
• 1M: -8.02%
• YTD: -9.12%
• 6M: -6.79%
• 1Y: 19.59%
• 3Y*: 24.51%
• 5Y*: 14.42%
• 10Y*: 19.08%

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

TNOW.L vs. NASDX - Expense Ratio Comparison

TNOW.L has a 0.30% expense ratio, which is lower than NASDX's 0.63% expense ratio.

NASDX

Shelton Capital Management Nasdaq-100 Index Fund Direct Shares

TNOW.L

Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)

Return for Risk

TNOW.L vs. NASDX — Risk / Return Rank

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

TNOW.L

TNOW.L Risk / Return Rank: 57
TNOW.L Sharpe Ratio Rank: 63
TNOW.L Sortino Ratio Rank: 65
TNOW.L Omega Ratio Rank: 58
TNOW.L Calmar Ratio Rank: 55
TNOW.L Martin Ratio Rank: 44

NASDX

NASDX Risk / Return Rank: 51
NASDX Sharpe Ratio Rank: 45
NASDX Sortino Ratio Rank: 51
NASDX Omega Ratio Rank: 50
NASDX Calmar Ratio Rank: 57
NASDX Martin Ratio Rank: 52

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.

TNOW.L vs. NASDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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.

	TNOW.L	NASDX	Difference
Sharpe ratio Return per unit of total volatility	1.10	0.88	+0.22
Sortino ratio Return per unit of downside risk	1.63	1.40	+0.23
Omega ratio Gain probability vs. loss probability	1.21	1.20	+0.01
Calmar ratio Return relative to maximum drawdown	1.38	1.31	+0.07
Martin ratio Return relative to average drawdown	4.11	5.01	-0.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TNOW.L vs. NASDX - Sharpe Ratio Comparison

The current TNOW.L Sharpe Ratio is 1.10, which is comparable to the NASDX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of TNOW.L and NASDX, 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

	TNOW.L	NASDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	0.88	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.63	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	0.85	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.29	+0.63

Correlation

The correlation between TNOW.L and NASDX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TNOW.L vs. NASDX - Dividend Comparison

TNOW.L has not paid dividends to shareholders, while NASDX's dividend yield for the trailing twelve months is around 3.93%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TNOW.L Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares	3.93%	3.76%	16.95%	7.61%	3.75%	2.59%	1.28%	7.09%	2.47%	1.65%	0.75%	0.85%

Drawdowns

TNOW.L vs. NASDX - Drawdown Comparison

The maximum TNOW.L drawdown since its inception was -36.17%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for TNOW.L and NASDX.

Drawdown Indicators

	TNOW.L	NASDX	Difference
Max Drawdown Largest peak-to-trough decline	-36.17%	-83.16%	+46.99%
Max Drawdown (1Y) Largest decline over 1 year	-17.03%	-12.70%	-4.33%
Max Drawdown (5Y) Largest decline over 5 years	-36.17%	-35.33%	-0.84%
Max Drawdown (10Y) Largest decline over 10 years	-36.17%	-35.33%	-0.84%
Current Drawdown Current decline from peak	-16.54%	-11.90%	-4.64%
Average Drawdown Average peak-to-trough decline	-5.66%	-34.59%	+28.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.71%	3.32%	+2.39%

Volatility

TNOW.L vs. NASDX - Volatility Comparison

Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) have volatilities of 5.28% and 5.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNOW.L	NASDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	5.38%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	12.45%	+2.47%
Volatility (1Y) Calculated over the trailing 1-year period	23.93%	22.55%	+1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.31%	23.03%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.53%	22.61%	-1.08%