Comparison window: 18 Apr 2018 → 8 Sept 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared
Report produced on 10 September 2026 · data as of the dates shown per section Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat Public methodology: rebalix.com/en/methodology
Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.
RebalixANXUSD vs PUST · report of 10 September 2026
The funds at a glance
From official issuer documents and the ESMA register
ANXUSDLU1681038326Amundi Nasdaq-100 Swap UCITS ETF USD AccEquity · United States · Large cap
Declared index
NASDAQ-100 Notional Net Total Return Index
TER
0.23%
Transaction (KID)
0.00%
Fund size
438 mln EUR
Launch
17 Apr 2018
Currency
USD
Replication
Synthetic (swap)
Hedging
No
Holdings
142
Effective 🇮🇹 rate
26.00%
PUSTFR0011871110Amundi PEA Nasdaq-100 UCITS ETF AccEquity · United States · Large cap
Declared index
NASDAQ-100 Notional Net Total Return Index
TER
0.30%
Transaction (KID)
0.00%
Fund size
1.1 mld EUR
Launch
20 May 2014
Currency
EUR
Replication
Synthetic (swap)
Hedging
No
Holdings
65
Effective 🇮🇹 rate
—
Tracking difference — year by year
Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
ANXUSD3y avg: −0.37%/anno
2025
−0.35%
2024
−0.36%
2023
−0.39%
2022
−0.15%
2021
−0.29%
2020
−0.44%
PUST3y avg: −0.33%/anno
2025
−0.47%
2024
−0.39%
2023
−0.14%
2022
−0.21%
2021
−0.31%
2020
−0.15%
Rebalix · ANXUSD vs PUSTsection 1 of 4
RebalixANXUSD vs PUST · report of 10 September 2026
ANXUSD — Amundi Nasdaq-100 Swap UCITS ETF USD Acc · LU1681038326 · Equity · United States · Large cap
PUST — Amundi PEA Nasdaq-100 UCITS ETF Acc · FR0011871110 · Equity · United States · Large cap
Performance over the period, in euro
From 18 Apr 2018 to 8 Sept 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
In today’s purchasing power (net of Italy inflation)
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.
How far they fell — drawdown from peak (nominal)
In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
Filled area: ANXUSD; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
ANXUSD
−31.3%
28 Dec 2022
317 days
721 days · back to break-even on 10 Nov 2023
PUST
−31.1%
28 Dec 2022
317 days
721 days · back to break-even on 10 Nov 2023
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.
Drawdown net of Italy inflation
Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · ANXUSD vs PUSTsection 2 of 4
RebalixANXUSD vs PUST · report of 10 September 2026
ANXUSD — Amundi Nasdaq-100 Swap UCITS ETF USD Acc · LU1681038326 · Equity · United States · Large cap
PUST — Amundi PEA Nasdaq-100 UCITS ETF Acc · FR0011871110 · Equity · United States · Large cap
Geographic composition
% of portfolio, from full declared holdings
Sector composition
GICS sectors, same sources and dates
Portfolio overlap
12 common holdings · ticker match on full official portfolios
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 12 common holdings this gives 8.4%: buying both funds, roughly this share of your money buys the same stocks twice. Matching uses the ISIN of each security, as published by both issuers in their baskets.
Rebalix · ANXUSD vs PUSTsection 3 of 4
RebalixANXUSD vs PUST · report of 10 September 2026
Full comparison table
"—" = not published by the source, never estimated
ANXUSD — Amundi Nasdaq-100 Swap UCITS ETF USD Acc · LU1681038326 · Equity · United States · Large cap
PUST — Amundi PEA Nasdaq-100 UCITS ETF Acc · FR0011871110 · Equity · United States · Large cap
Metric
ANXUSD
PUST
Note
Identity
Category
Equity · United States · Large cap
Equity · United States · Large cap
Rebalix engine classification
Replication
Synthetic (swap)
Synthetic (swap)
as declared by the issuer
Currency hedging
No
No
source: class name, factsheet
Income policy
accumulating
accumulating
—
Costs
TER
0.23%
0.30%
from the KID
Transaction costs (KID)
0.00%
0.00%
internal
All-in cost
0.23%
0.30%
TER + transaction
Tracking difference (3a)
−0.37%
−0.33%
vs its OWN index
Performance in euro (ECB rates)
1 year
+26.1%
+25.9%
—
3 years
+80.4%
+78.8%
—
5 years
+97.2%
+94.0%
—
10 years
—
+514.7%
— = series younger than the window
Risk · last 3 years
Volatility (ann.)
+20.29%
+21.06%
—
Max drawdown
−22.85%
−26.33%
—
Sharpe
1.02
0.88
risk-free = ECB MRO avg
Sortino
1.50
1.26
like Sharpe, downside only
Italian taxation
Effective capital-gains rate
26.00%
—
white list, current half-year
Documents & exchanges
Listing venues
6
6
ESMA register
Borsa Italiana ticker
—
—
—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~146 euro ANXUSD · ~190 euro PUST. Broker costs not included.
Disclaimer
This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.
Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.
Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.
Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.