XNDX.DE vs. HNDX.DE
XNDX.DE (Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD) and HNDX.DE (Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc)) are both Nasdaq-100 funds - XNDX.DE tracks the Nasdaq 100 Index while HNDX.DE tracks the Nasdaq-100 Index (EUR Hedged). Both are passively managed. Over the past year, XNDX.DE returned 11.18% vs 21.31% for HNDX.DE. A 0.72 correlation means they provide meaningful diversification when combined. XNDX.DE charges 0.18%/yr vs 0.35%/yr for HNDX.DE.
Performance
XNDX.DE vs. HNDX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNDX.DE achieves a 18.01% return, which is significantly higher than HNDX.DE's 10.63% return.
XNDX.DE
- 1D
- 0.00%
- 1M
- -1.63%
- 6M
- 16.17%
- YTD
- 18.01%
- 1Y
- 11.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HNDX.DE
- 1D
- -1.19%
- 1M
- -5.04%
- 6M
- 10.67%
- YTD
- 10.63%
- 1Y
- 21.31%
- 3Y*
- 20.04%
- 5Y*
- 11.94%
- 10Y*
- 17.87%
XNDX.DE vs. HNDX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XNDX.DE Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD | 18.01% | -4.86% |
HNDX.DE Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) | 10.63% | 10.90% |
Correlation
The correlation between XNDX.DE and HNDX.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.72 |
The correlation between XNDX.DE and HNDX.DE has been stable across timeframes, ranging from 0.72 to 0.72 - a consistent structural relationship.
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Return for Risk
XNDX.DE vs. HNDX.DE — Risk / Return Rank
XNDX.DE
HNDX.DE
XNDX.DE vs. HNDX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD (XNDX.DE) and Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) (HNDX.DE). 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.
| XNDX.DE | HNDX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.75 | -1.19 |
| Martin ratioReturn relative to average drawdown | 0.96 | 5.63 | -4.67 |
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Drawdowns
XNDX.DE vs. HNDX.DE - Drawdown Comparison
The maximum XNDX.DE drawdown since its inception was -20.10%, smaller than the maximum HNDX.DE drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for XNDX.DE and HNDX.DE.
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Drawdown Indicators
| XNDX.DE | HNDX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -37.18% | +17.08% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -12.13% | -7.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.18% | — |
Current DrawdownCurrent decline from peak | -3.50% | -6.90% | +3.40% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -5.90% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.68% | 3.78% | +7.90% |
Volatility
XNDX.DE vs. HNDX.DE - Volatility Comparison
The current volatility for Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD (XNDX.DE) is 5.56%, while Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) (HNDX.DE) has a volatility of 6.94%. This indicates that XNDX.DE experiences smaller price fluctuations and is considered to be less risky than HNDX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNDX.DE | HNDX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 6.94% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 15.78% | -3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.87% | 19.36% | +11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.69% | 21.44% | +9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.69% | 20.24% | +10.45% |
XNDX.DE vs. HNDX.DE - Expense Ratio Comparison
XNDX.DE has a 0.18% expense ratio, which is lower than HNDX.DE's 0.35% expense ratio.
Dividends
XNDX.DE vs. HNDX.DE - Dividend Comparison
XNDX.DE's dividend yield for the trailing twelve months is around 0.10%, while HNDX.DE has not paid dividends to shareholders.
| Position | TTM |
|---|---|
HNDX.DE Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) | 0.00% |
XNDX.DE Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD | 0.10% |
Frequently Asked Questions
XNDX.DE and HNDX.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNDX.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNDX.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for HNDX.DE.
XNDX.DE tracks Nasdaq 100 Index, while HNDX.DE tracks Nasdaq-100 Index (EUR Hedged). They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.18% for XNDX.DE and 0.35% for HNDX.DE.
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