UAE vs. NDAQ
UAE (iShares MSCI UAE ETF) is Emerging Markets Equities fund tracking the MSCI All UAE Capped Index, while NDAQ (Nasdaq, Inc.) is a stock. Over the past 10 years, UAE returned 5.20%/yr vs 17.23%/yr for NDAQ. At a 0.21 correlation, their price movements are largely independent.
Performance
UAE vs. NDAQ - Performance Comparison
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Returns By Period
In the year-to-date period, UAE achieves a 3.28% return, which is significantly higher than NDAQ's -2.31% return. Over the past 10 years, UAE has underperformed NDAQ with an annualized return of 5.20%, while NDAQ has yielded a comparatively higher 17.23% annualized return.
UAE
- 1D
- -0.63%
- 1M
- -3.29%
- 6M
- 0.09%
- YTD
- 3.28%
- 1Y
- 0.41%
- 3Y*
- 12.58%
- 5Y*
- 10.57%
- 10Y*
- 5.20%
NDAQ
- 1D
- 3.16%
- 1M
- 5.55%
- 6M
- -5.42%
- YTD
- -2.31%
- 1Y
- 7.19%
- 3Y*
- 24.50%
- 5Y*
- 11.13%
- 10Y*
- 17.23%
UAE vs. NDAQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UAE iShares MSCI UAE ETF | 3.28% | 21.35% | 15.25% | 2.91% | -5.36% | 44.16% | -7.23% | 1.59% | -14.42% | 4.99% |
NDAQ Nasdaq, Inc. | -2.31% | 27.19% | 34.85% | -3.66% | -11.19% | 60.13% | 25.99% | 33.88% | 8.21% | 16.76% |
Correlation
The correlation between UAE and NDAQ is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 1, 2014 | 0.21 |
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Return for Risk
UAE vs. NDAQ — Risk / Return Rank
UAE
NDAQ
UAE vs. NDAQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UAE ETF (UAE) and Nasdaq, Inc. (NDAQ). 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.
| UAE | NDAQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 0.31 | -0.29 |
| Martin ratioReturn relative to average drawdown | 0.04 | 0.68 | -0.63 |
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Drawdowns
UAE vs. NDAQ - Drawdown Comparison
The maximum UAE drawdown since its inception was -60.49%, smaller than the maximum NDAQ drawdown of -68.48%. Use the drawdown chart below to compare losses from any high point for UAE and NDAQ.
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Drawdown Indicators
| UAE | NDAQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.49% | -68.48% | +7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -21.50% | -23.39% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -23.39% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -32.84% | +5.37% |
Max Drawdown (10Y)Largest decline over 10 years | -49.71% | -38.31% | -11.40% |
Current DrawdownCurrent decline from peak | -11.17% | -6.03% | -5.14% |
Average DrawdownAverage peak-to-trough decline | -23.78% | -23.77% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.20% | 10.62% | -1.42% |
Volatility
UAE vs. NDAQ - Volatility Comparison
The current volatility for iShares MSCI UAE ETF (UAE) is 7.08%, while Nasdaq, Inc. (NDAQ) has a volatility of 13.46%. This indicates that UAE experiences smaller price fluctuations and is considered to be less risky than NDAQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UAE | NDAQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.08% | 13.46% | -6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 20.75% | 24.16% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.99% | 27.64% | -4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 24.61% | -5.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 24.56% | -4.93% |
Dividends
UAE vs. NDAQ - Dividend Comparison
UAE's dividend yield for the trailing twelve months is around 4.46%, more than NDAQ's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDAQ Nasdaq, Inc. | 1.19% | 1.08% | 1.22% | 1.48% | 1.27% | 1.00% | 1.46% | 1.73% | 2.08% | 1.90% | 1.80% | 1.55% |
UAE iShares MSCI UAE ETF | 4.46% | 4.10% | 3.32% | 3.25% | 2.67% | 4.88% | 4.75% | 3.54% | 5.56% | 3.38% | 4.74% | 3.77% |
Frequently Asked Questions
UAE and NDAQ have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDAQ has higher volatility (13.46%) compared to UAE (7.08%). In terms of maximum drawdown, UAE dropped -60.49% vs NDAQ's -68.48%.
NDAQ currently has the higher Sharpe Ratio (0.26 vs 0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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