XXTW.L vs. ^NDX
XXTW.L (Xtrackers MSCI World Information Technology UCITS ETF) is Technology Equities fund tracking the MSCI World Information Technology 20/35 Custom index, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, XXTW.L returned 21.21%/yr vs 21.52%/yr for ^NDX. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
XXTW.L vs. ^NDX - Performance Comparison
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Different Trading Currencies
XXTW.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, XXTW.L achieves a 20.88% return, which is significantly higher than ^NDX's 19.03% return. Both investments have delivered pretty close results over the past 10 years, with XXTW.L having a 21.21% annualized return and ^NDX not far ahead at 21.52%.
XXTW.L
- 1D
- 0.00%
- 1M
- 0.89%
- YTD
- 20.88%
- 6M
- 20.94%
- 1Y
- 43.00%
- 3Y*
- 19.26%
- 5Y*
- 12.75%
- 10Y*
- 21.21%
^NDX
- 1D
- 0.53%
- 1M
- -0.01%
- YTD
- 19.03%
- 6M
- 17.44%
- 1Y
- 37.03%
- 3Y*
- 24.52%
- 5Y*
- 16.63%
- 10Y*
- 21.52%
XXTW.L vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XXTW.L Xtrackers MSCI World Information Technology UCITS ETF | 20.88% | 13.82% | 36.21% | 21.01% | -30.86% | 29.69% | 43.59% | 48.72% | -4.08% | 38.72% |
^NDX NASDAQ 100 Index | 19.03% | 11.61% | 27.06% | 46.12% | -25.00% | 27.83% | 43.25% | 32.72% | 4.83% | 20.14% |
Correlation
The correlation between XXTW.L and ^NDX is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.76 |
The correlation between XXTW.L and ^NDX shifts across timeframes, from 0.63 (3 years) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XXTW.L vs. ^NDX — Risk / Return Rank
XXTW.L
^NDX
XXTW.L vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Information Technology UCITS ETF (XXTW.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.
| XXTW.L | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.09 | -1.84 |
| Martin ratioReturn relative to average drawdown | 2.11 | 9.15 | -7.05 |
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Drawdowns
XXTW.L vs. ^NDX - Drawdown Comparison
The maximum XXTW.L drawdown since its inception was -36.07%, roughly equal to the maximum ^NDX drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for XXTW.L and ^NDX.
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Drawdown Indicators
| XXTW.L | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.07% | -34.63% | -1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -34.41% | -12.05% | -22.36% |
Max Drawdown (3Y)Largest decline over 3 years | -34.41% | -24.98% | -9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -36.07% | -28.43% | -7.64% |
Max Drawdown (10Y)Largest decline over 10 years | -36.07% | -28.43% | -7.64% |
Current DrawdownCurrent decline from peak | -11.35% | -3.09% | -8.26% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -5.62% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.43% | 4.06% | +16.37% |
Volatility
XXTW.L vs. ^NDX - Volatility Comparison
Xtrackers MSCI World Information Technology UCITS ETF (XXTW.L) and NASDAQ 100 Index (^NDX) have volatilities of 8.49% and 8.49%, 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.
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Volatility by Period
| XXTW.L | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.49% | 8.49% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 13.31% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.21% | 17.24% | +29.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.59% | 21.61% | +9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.33% | 22.51% | +4.82% |
Frequently Asked Questions
XXTW.L and ^NDX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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