AIV vs. NASDX
AIV (Apartment Investment and Management Company) is a stock, while NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) is Large Cap Growth Equities fund tracking the NASDAQ-100 Index. Over the past 10 years, AIV returned 4.67%/yr vs 21.92%/yr for NASDX. At a 0.37 correlation, their price movements are largely independent.
Performance
AIV vs. NASDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AIV achieves a -10.38% return, which is significantly lower than NASDX's 17.04% return. Over the past 10 years, AIV has underperformed NASDX with an annualized return of 4.67%, while NASDX has yielded a comparatively higher 21.92% annualized return.
AIV
- 1D
- 1.09%
- 1M
- -4.47%
- 6M
- -10.22%
- YTD
- -10.38%
- 1Y
- -14.92%
- 3Y*
- -3.08%
- 5Y*
- 2.52%
- 10Y*
- 4.67%
NASDX
- 1D
- -0.30%
- 1M
- -1.39%
- 6M
- 15.69%
- YTD
- 17.04%
- 1Y
- 29.49%
- 3Y*
- 28.08%
- 5Y*
- 17.62%
- 10Y*
- 21.92%
AIV vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIV Apartment Investment and Management Company | -10.38% | -2.20% | 16.09% | 9.97% | -7.57% | 46.21% | -18.86% | 21.58% | 4.14% | -0.66% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 17.04% | 21.00% | 36.91% | 54.69% | -32.57% | 27.32% | 48.59% | 38.22% | -1.21% | 31.27% |
Correlation
The correlation between AIV and NASDX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2000 | 0.37 |
The correlation between AIV and NASDX shifts across timeframes, from -0.00 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AIV vs. NASDX — Risk / Return Rank
AIV
NASDX
AIV vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apartment Investment and Management Company (AIV) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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.
| AIV | NASDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.28 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 2.50 | -3.43 |
| Martin ratioReturn relative to average drawdown | -1.46 | 9.03 | -10.49 |
Loading charts...
Drawdowns
AIV vs. NASDX - Drawdown Comparison
The maximum AIV drawdown since its inception was -87.51%, which is greater than NASDX's maximum drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for AIV and NASDX.
Loading charts...
Drawdown Indicators
| AIV | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.51% | -83.16% | -4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -11.90% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -36.11% | -22.71% | -13.40% |
Max Drawdown (5Y)Largest decline over 5 years | -40.70% | -35.33% | -5.37% |
Max Drawdown (10Y)Largest decline over 10 years | -54.42% | -35.33% | -19.09% |
Current DrawdownCurrent decline from peak | -18.46% | -3.58% | -14.88% |
Average DrawdownAverage peak-to-trough decline | -15.89% | -34.23% | +18.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.21% | 3.29% | +6.92% |
Volatility
AIV vs. NASDX - Volatility Comparison
The current volatility for Apartment Investment and Management Company (AIV) is 5.42%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 7.75%. This indicates that AIV experiences smaller price fluctuations and is considered to be less risky than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AIV | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 7.75% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 15.26% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 18.55% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.64% | 23.43% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.16% | 22.81% | +8.35% |
Dividends
AIV vs. NASDX - Dividend Comparison
AIV's dividend yield for the trailing twelve months is around 179.14%, more than NASDX's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIV Apartment Investment and Management Company | 179.14% | 47.64% | 0.00% | 0.00% | 0.28% | 0.00% | 5.18% | 6.00% | 3.46% | 3.29% | 2.90% | 2.95% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 3.08% | 3.76% | 16.95% | 7.61% | 3.75% | 2.59% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% |
Frequently Asked Questions
AIV and NASDX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NASDX has higher volatility (7.75%) compared to AIV (5.42%). In terms of maximum drawdown, AIV dropped -87.51% vs NASDX's -83.16%.
NASDX currently has the higher Sharpe Ratio (1.60 vs -0.71), 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.
Find the right allocation for AIV and NASDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer