BACIX vs. NASDX
BACIX (BlackRock Energy Opportunities Fund) and NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) are both mutual funds - BACIX is a Energy Equities fund managed by BlackRock, while NASDX is a Large Cap Growth Equities fund tracking the NASDAQ-100 Index. Over the past 10 years, BACIX returned 9.06%/yr vs 22.58%/yr for NASDX. At a 0.45 correlation, their price movements are largely independent. BACIX charges 0.91%/yr vs 0.63%/yr for NASDX.
Performance
BACIX vs. NASDX - Performance Comparison
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Returns By Period
In the year-to-date period, BACIX achieves a 29.12% return, which is significantly higher than NASDX's 21.38% return. Over the past 10 years, BACIX has underperformed NASDX with an annualized return of 9.06%, while NASDX has yielded a comparatively higher 22.58% annualized return.
BACIX
- 1D
- 1.36%
- 1M
- -2.77%
- YTD
- 29.12%
- 6M
- 27.86%
- 1Y
- 41.98%
- 3Y*
- 17.59%
- 5Y*
- 18.93%
- 10Y*
- 9.06%
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%
BACIX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BACIX BlackRock Energy Opportunities Fund | 29.12% | 11.03% | 4.23% | 2.97% | 43.64% | 43.50% | -29.38% | 13.04% | -19.55% | 2.47% |
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 BACIX and NASDX is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2005 | 0.45 |
The correlation between BACIX and NASDX shifts across timeframes, from -0.12 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BACIX vs. NASDX — Risk / Return Rank
BACIX
NASDX
BACIX vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACIX) 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.
| BACIX | NASDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.46 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 3.65 | +1.16 |
| Martin ratioReturn relative to average drawdown | 14.31 | 14.16 | +0.15 |
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
| BACIX | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.70 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.89 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 1.00 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.33 | -0.13 |
Drawdowns
BACIX vs. NASDX - Drawdown Comparison
The maximum BACIX drawdown since its inception was -77.81%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for BACIX and NASDX.
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Drawdown Indicators
| BACIX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.81% | -83.16% | +5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -11.90% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -18.44% | -22.71% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -25.76% | -35.33% | +9.57% |
Max Drawdown (10Y)Largest decline over 10 years | -65.65% | -35.33% | -30.32% |
Current DrawdownCurrent decline from peak | -5.73% | 0.00% | -5.73% |
Average DrawdownAverage peak-to-trough decline | -32.36% | -34.37% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.06% | -0.04% |
Volatility
BACIX vs. NASDX - Volatility Comparison
BlackRock Energy Opportunities Fund (BACIX) has a higher volatility of 6.96% compared to Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) at 4.51%. This indicates that BACIX's price experiences larger fluctuations and is considered to be riskier 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
| BACIX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 4.51% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 12.19% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 16.10% | +1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.53% | 23.06% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.21% | 22.68% | +4.53% |
BACIX vs. NASDX - Expense Ratio Comparison
BACIX has a 0.91% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Dividends
BACIX vs. NASDX - Dividend Comparison
BACIX's dividend yield for the trailing twelve months is around 2.16%, less than NASDX's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACIX BlackRock Energy Opportunities Fund | 2.16% | 2.79% | 2.63% | 3.39% | 2.49% | 2.67% | 3.66% | 3.06% | 3.43% | 2.76% | 2.38% | 2.51% |
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
BACIX and NASDX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BACIX has higher volatility (6.96%) compared to NASDX (4.51%). In terms of maximum drawdown, BACIX dropped -77.81% vs NASDX's -83.16%.
NASDX currently has the higher Sharpe Ratio (2.70 vs 2.52), 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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