AMFAX vs. NASDX
Compare and contrast key facts about AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
AMFAX is managed by BlackRock. It was launched on Jul 30, 2010. NASDX is a passively managed fund by BlackRock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000.
Performance
AMFAX vs. NASDX - Performance Comparison
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AMFAX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMFAX AlphaSimplex Managed Futures Strategy Fund Class A | 6.69% | -9.75% | -3.56% | -10.59% | 35.38% | 3.28% | 13.29% | 8.03% | -12.87% | 6.54% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | -6.04% | 21.00% | 36.91% | 54.69% | -32.57% | 27.32% | 48.59% | 38.22% | -1.21% | 31.27% |
Returns By Period
In the year-to-date period, AMFAX achieves a 6.69% return, which is significantly higher than NASDX's -6.04% return. Over the past 10 years, AMFAX has underperformed NASDX with an annualized return of 1.57%, while NASDX has yielded a comparatively higher 19.48% annualized return.
AMFAX
- 1D
- 0.25%
- 1M
- -0.85%
- YTD
- 6.69%
- 6M
- 10.56%
- 1Y
- 3.12%
- 3Y*
- -3.09%
- 5Y*
- 2.04%
- 10Y*
- 1.57%
NASDX
- 1D
- 3.39%
- 1M
- -5.03%
- YTD
- -6.04%
- 6M
- -4.08%
- 1Y
- 22.65%
- 3Y*
- 25.90%
- 5Y*
- 14.78%
- 10Y*
- 19.48%
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AMFAX vs. NASDX - Expense Ratio Comparison
AMFAX has a 1.72% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Return for Risk
AMFAX vs. NASDX — Risk / Return Rank
AMFAX
NASDX
AMFAX vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) 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.
| AMFAX | NASDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 1.04 | -0.78 |
Sortino ratioReturn per unit of downside risk | 0.40 | 1.63 | -1.22 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.23 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.87 | -1.71 |
Martin ratioReturn relative to average drawdown | 0.27 | 7.07 | -6.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMFAX | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.04 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.64 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.86 | -0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.29 | -0.01 |
Correlation
The correlation between AMFAX and NASDX is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AMFAX vs. NASDX - Dividend Comparison
AMFAX's dividend yield for the trailing twelve months is around 1.72%, less than NASDX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMFAX AlphaSimplex Managed Futures Strategy Fund Class A | 1.72% | 1.84% | 1.28% | 0.30% | 32.70% | 5.74% | 3.14% | 4.71% | 1.31% | 0.00% | 0.00% | 4.92% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 3.80% | 3.76% | 16.95% | 7.61% | 3.75% | 2.59% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% |
Drawdowns
AMFAX vs. NASDX - Drawdown Comparison
The maximum AMFAX drawdown since its inception was -36.84%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for AMFAX and NASDX.
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Drawdown Indicators
| AMFAX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.84% | -83.16% | +46.32% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -12.70% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -36.84% | -35.33% | -1.51% |
Max Drawdown (10Y)Largest decline over 10 years | -36.84% | -35.33% | -1.51% |
Current DrawdownCurrent decline from peak | -24.86% | -8.91% | -15.95% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -34.59% | +21.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.33% | 3.37% | +4.96% |
Volatility
AMFAX vs. NASDX - Volatility Comparison
The current volatility for AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) is 3.91%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 6.54%. This indicates that AMFAX 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.
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Volatility by Period
| AMFAX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 6.54% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 12.89% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 22.75% | -9.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.68% | 23.07% | -9.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.67% | 22.63% | -9.96% |