ATWYX vs. NASDX
ATWYX (AB Tax-Managed Wealth Appreciation Strategy) and NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) are both mutual funds - ATWYX is a Global Equities fund managed by BlackRock, while NASDX is a Large Cap Growth Equities fund tracking the NASDAQ-100 Index. Over the past 10 years, ATWYX returned 12.05%/yr vs 22.58%/yr for NASDX. Their correlation of 0.87 suggests significant overlap in exposure. ATWYX charges 0.38%/yr vs 0.63%/yr for NASDX.
Performance
ATWYX vs. NASDX - Performance Comparison
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Returns By Period
In the year-to-date period, ATWYX achieves a 12.24% return, which is significantly lower than NASDX's 21.38% return. Over the past 10 years, ATWYX has underperformed NASDX with an annualized return of 12.05%, while NASDX has yielded a comparatively higher 22.58% annualized return.
ATWYX
- 1D
- 0.28%
- 1M
- 3.96%
- YTD
- 12.24%
- 6M
- 13.23%
- 1Y
- 29.52%
- 3Y*
- 21.14%
- 5Y*
- 11.26%
- 10Y*
- 12.05%
NASDX
- 1D
- 0.47%
- 1M
- 10.94%
- YTD
- 21.38%
- 6M
- 19.90%
- 1Y
- 42.08%
- 3Y*
- 32.65%
- 5Y*
- 20.44%
- 10Y*
- 22.58%
ATWYX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 12.24% | 21.44% | 18.72% | 20.55% | -18.58% | 20.45% | 12.70% | 25.56% | -9.76% | 23.04% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 21.38% | 21.00% | 36.91% | 54.69% | -32.57% | 27.32% | 48.59% | 38.22% | -1.21% | 31.27% |
Correlation
The correlation between ATWYX and NASDX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2003 | 0.87 |
The correlation between ATWYX and NASDX has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
ATWYX vs. NASDX — Risk / Return Rank
ATWYX
NASDX
ATWYX vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) 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.
| ATWYX | NASDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.46 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 3.65 | -0.54 |
| Martin ratioReturn relative to average drawdown | 13.89 | 14.16 | -0.27 |
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
| ATWYX | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 2.70 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.89 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 1.00 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.33 | +0.12 |
Drawdowns
ATWYX vs. NASDX - Drawdown Comparison
The maximum ATWYX drawdown since its inception was -59.14%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for ATWYX and NASDX.
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Drawdown Indicators
| ATWYX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.14% | -83.16% | +24.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.75% | -11.90% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -22.71% | +5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -35.33% | +9.12% |
Max Drawdown (10Y)Largest decline over 10 years | -34.33% | -35.33% | +1.00% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -34.37% | +24.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 3.06% | -0.88% |
Volatility
ATWYX vs. NASDX - Volatility Comparison
The current volatility for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) is 3.60%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 4.51%. This indicates that ATWYX 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
| ATWYX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 4.51% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 12.19% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 16.10% | -3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 23.06% | -7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 22.68% | -5.92% |
ATWYX vs. NASDX - Expense Ratio Comparison
ATWYX has a 0.38% expense ratio, which is lower than NASDX's 0.63% expense ratio.
Dividends
ATWYX vs. NASDX - Dividend Comparison
ATWYX's dividend yield for the trailing twelve months is around 3.93%, more than NASDX's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 3.93% | 4.41% | 2.49% | 1.84% | 5.88% | 5.81% | 1.23% | 4.93% | 5.57% | 12.93% | 3.16% | 7.84% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 2.98% | 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
ATWYX and NASDX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NASDX has higher volatility (4.51%) compared to ATWYX (3.60%). In terms of maximum drawdown, ATWYX dropped -59.14% vs NASDX's -83.16%.
NASDX currently has the higher Sharpe Ratio (2.70 vs 2.38), 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.
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