URTH vs. ^NDX
URTH (iShares MSCI World ETF) is Global Equities fund tracking the MSCI World Index (Net), while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, URTH returned 13.38%/yr vs 20.95%/yr for ^NDX. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
URTH vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, URTH achieves a 8.91% return, which is significantly lower than ^NDX's 17.37% return. Over the past 10 years, URTH has underperformed ^NDX with an annualized return of 13.38%, while ^NDX has yielded a comparatively higher 20.95% annualized return.
URTH
- 1D
- 0.39%
- 1M
- -0.21%
- YTD
- 8.91%
- 6M
- 9.60%
- 1Y
- 24.56%
- 3Y*
- 19.60%
- 5Y*
- 11.45%
- 10Y*
- 13.38%
^NDX
- 1D
- 0.64%
- 1M
- 0.19%
- YTD
- 17.37%
- 6M
- 17.62%
- 1Y
- 37.01%
- 3Y*
- 25.76%
- 5Y*
- 16.18%
- 10Y*
- 20.95%
URTH vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URTH iShares MSCI World ETF | 8.91% | 21.36% | 18.66% | 23.95% | -17.97% | 22.27% | 15.78% | 28.15% | -8.56% | 22.95% |
^NDX NASDAQ 100 Index | 17.37% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 31.52% |
Correlation
The correlation between URTH and ^NDX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.78 |
The correlation between URTH and ^NDX shifts across timeframes, from 0.78 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
URTH vs. ^NDX — Risk / Return Rank
URTH
^NDX
URTH vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ETF (URTH) 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.
| URTH | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.92 | -0.36 |
| Martin ratioReturn relative to average drawdown | 11.37 | 10.85 | +0.52 |
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Drawdowns
URTH vs. ^NDX - Drawdown Comparison
The maximum URTH drawdown since its inception was -34.01%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for URTH and ^NDX.
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Drawdown Indicators
| URTH | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.01% | -82.90% | +48.89% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -12.12% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -22.93% | +5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -26.05% | -35.56% | +9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -35.56% | +1.55% |
Current DrawdownCurrent decline from peak | -1.87% | -3.34% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -24.61% | +20.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 3.26% | -1.22% |
Volatility
URTH vs. ^NDX - Volatility Comparison
The current volatility for iShares MSCI World ETF (URTH) is 4.55%, while NASDAQ 100 Index (^NDX) has a volatility of 7.51%. This indicates that URTH 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
| URTH | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 7.51% | -2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 13.84% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 17.29% | -4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 22.76% | -6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 22.61% | -5.32% |
Frequently Asked Questions
With a correlation of 0.90, URTH and ^NDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
^NDX has higher volatility (7.51%) compared to URTH (4.55%). In terms of maximum drawdown, URTH dropped -34.01% vs ^NDX's -82.90%.
^NDX currently has the higher Sharpe Ratio (2.05 vs 1.85), 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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