Your choices go into the PDF (cover and captions); this bar does not.
Rebalix
Comparison report · official data side by side

ANXUSD vs UST

ANXUSD — Amundi Nasdaq-100 Swap UCITS ETF USD Acc
LU1681038326 · Equity · United States · Large cap
UST — Amundi Core Nasdaq-100 Swap UCITS ETF Acc
LU1829221024 · Equity · United States · Large cap
Open the interactive comparison on rebalix.com →

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 UST · 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%
USTLU1829221024Amundi Core Nasdaq-100 Swap UCITS ETF AccEquity · United States · Large cap
Declared index
NASDAQ-100 Notional Net Total Return Index
TER
0.22%
Transaction (KID)
0.00%
Fund size
5.8 mld EUR
Launch
17 Jan 2019
Currency
USD
Replication
Synthetic (swap)
Hedging
No
Holdings
246
Effective 🇮🇹 rate
26.00%

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%
UST3y avg: +0.06%/anno
2025
−0.40%
2024
+0.38%
2023
+0.21%
2022
+0.24%
2021
−0.89%
2020
+0.20%
Rebalix · ANXUSD vs USTsection 1 of 4
RebalixANXUSD vs UST · report of 10 September 2026
ANXUSD — Amundi Nasdaq-100 Swap UCITS ETF USD Acc · LU1681038326 · Equity · United States · Large cap
UST — Amundi Core Nasdaq-100 Swap UCITS ETF Acc · LU1829221024 · 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)
10050494482481
In today’s purchasing power (net of Italy inflation)
10050494389388
ANXUSDUST
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)
0%-10%-20%-30%-40%-50%ANXUSDUST20192020202120222023202420252026trough ANXUSD: −31.3% · 28 Dec 2022trough UST: −30.9% · 28 Dec 2022
Filled area: ANXUSD; thin lines: the other funds.
The worst episode, fund by fund
FundMax drawdownTroughRecovery timeUnderwater
ANXUSD−31.3%28 Dec 2022317 days721 days · back to break-even on 10 Nov 2023
UST−30.9%28 Dec 2022260 days664 days · back to break-even on 14 Sept 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)
0%-10%-20%-30%-40%-50%ANXUSDUST20192020202120222023202420252026trough ANXUSD: −39.1% · 28 Dec 2022trough UST: −38.8% · 28 Dec 2022
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · ANXUSD vs USTsection 2 of 4
RebalixANXUSD vs UST · report of 10 September 2026
ANXUSD — Amundi Nasdaq-100 Swap UCITS ETF USD Acc · LU1681038326 · Equity · United States · Large cap
UST — Amundi Core Nasdaq-100 Swap UCITS ETF Acc · LU1829221024 · Equity · United States · Large cap

Geographic composition

% of portfolio, from full declared holdings
◀ ANXUSDUST ▶United States96.8%95.9%France3.8%0.0%Canada0.0%1.6%Sweden0.0%1.4%Netherlands0.0%0.8%

Sector composition

GICS sectors, same sources and dates
◀ ANXUSDUST ▶Information Technology32.6%39.2%Industrials13.1%7.6%Consumer Discretionary12.6%13.6%Financials9.8%10.1%Health Care9.3%10.3%Communication Services8.1%7.6%Consumer Staples5.0%3.6%Energy3.5%1.2%

Portfolio overlap

73 common holdings · ticker match on full official portfolios
25%50%75%100%Weight of common holdings in ANXUSD75.9%Weight of common holdings in UST69.3%Truly shared part (duplicated investment)45.6%
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 73 common holdings this gives 45.6%: 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 USTsection 3 of 4
RebalixANXUSD vs UST · 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
UST — Amundi Core Nasdaq-100 Swap UCITS ETF Acc · LU1829221024 · Equity · United States · Large cap
MetricANXUSDUSTNote
Identity
CategoryEquity · United States · Large capEquity · United States · Large capRebalix engine classification
ReplicationSynthetic (swap)Synthetic (swap)as declared by the issuer
Currency hedgingNoNosource: class name, factsheet
Income policyaccumulatingaccumulating—
Costs
TER0.23%0.22%from the KID
Transaction costs (KID)0.00%0.00%internal
All-in cost0.23%0.22%TER + transaction
Tracking difference (3a)−0.37%+0.06%vs its OWN index
Performance in euro (ECB rates)
1 year+26.1%+26.5%—
3 years+80.4%+80.8%—
5 years+97.2%+97.1%—
10 years—+524.4%— = series younger than the window
Risk · last 3 years
Volatility (ann.)+20.29%+21.22%—
Max drawdown−22.85%−22.65%—
Sharpe1.021.02risk-free = ECB MRO avg
Sortino1.501.50like Sharpe, downside only
Italian taxation
Effective capital-gains rate26.00%26.00%white list, current half-year
Documents & exchanges
Listing venues610ESMA register
Borsa Italiana ticker—UST—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~146 euro ANXUSD · ~140 euro UST. 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.

Rebalix · ANXUSD vs USTsection 4 of 4