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BASIX vs. NASDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BASIX vs. NASDX

Last updated Jun 4, 2026

BASIX (BlackRock Strategic Income Opportunities Fund Investor A) and NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) are both mutual funds - BASIX is a Nontraditional Bonds fund actively managed by BlackRock, while NASDX is a Large Cap Growth Equities fund tracking the NASDAQ-100 Index. BASIX is actively managed, while NASDX is passively managed. Over the past 10 years, BASIX returned 3.55%/yr vs 22.58%/yr for NASDX. At a 0.21 correlation, their price movements are largely independent. BASIX charges 0.96%/yr vs 0.63%/yr for NASDX.

Performance

BASIX vs. NASDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Strategic Income Opportunities Fund Investor A (BASIX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BASIX achieves a 1.68% return, which is significantly lower than NASDX's 21.38% return. Over the past 10 years, BASIX has underperformed NASDX with an annualized return of 3.55%, while NASDX has yielded a comparatively higher 22.58% annualized return.

BASIX

1D
0.10%
1M
1.11%
YTD
1.68%
6M
2.13%
1Y
6.79%
3Y*
6.58%
5Y*
2.68%
10Y*
3.55%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BASIX vs. NASDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BASIX
BlackRock Strategic Income Opportunities Fund Investor A		1.68%8.31%4.94%5.98%-6.35%0.54%6.93%7.44%-0.82%4.60%
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 BASIX and NASDX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (10Y)
Calculated over the trailing 10-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Feb 8, 2008

0.21

Over the past year, BASIX and NASDX have become more correlated (0.42) than their long-term average of 0.21, meaning their price movements have been converging.

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BlackRock Strategic Income Opportunities Fund Investor A

Shelton Capital Management Nasdaq-100 Index Fund Direct Shares

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Return for Risk

BASIX vs. NASDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BASIX
BASIX Risk / Return Rank: 6666
Overall Rank
BASIX Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
BASIX Sortino Ratio Rank: 8585
Sortino Ratio Rank
BASIX Omega Ratio Rank: 8080
Omega Ratio Rank
BASIX Calmar Ratio Rank: 4444
Calmar Ratio Rank
BASIX Martin Ratio Rank: 4747
Martin Ratio Rank
NASDX
NASDX Risk / Return Rank: 7575
Overall Rank
NASDX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
NASDX Sortino Ratio Rank: 7171
Sortino Ratio Rank
NASDX Omega Ratio Rank: 6767
Omega Ratio Rank
NASDX Calmar Ratio Rank: 8080
Calmar Ratio Rank
NASDX Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BASIX vs. NASDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Strategic Income Opportunities Fund Investor A (BASIX) 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.

BASIXNASDXDifference

Sharpe ratio

Return per unit of total volatility

2.55

2.70

-0.15

Sortino ratio

Return per unit of downside risk

4.05

3.51

+0.54

Omega ratio

Gain probability vs. loss probability

1.53

1.46

+0.07

Calmar ratio

Return relative to maximum drawdown

2.53

3.65

-1.12

Martin ratio

Return relative to average drawdown

9.72

14.16

-4.44

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BASIX vs. NASDX - Sharpe Ratio Comparison

The current BASIX Sharpe Ratio is 2.55, which is comparable to the NASDX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of BASIX and NASDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BASIXNASDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.55

2.70

-0.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.89

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.15

1.00

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

1.26

0.33

+0.93

Drawdowns

BASIX vs. NASDX - Drawdown Comparison

The maximum BASIX drawdown since its inception was -18.88%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for BASIX and NASDX.

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Drawdown Indicators

BASIXNASDXDifference

Max Drawdown

Largest peak-to-trough decline

-18.88%

-83.16%

+64.28%

Max Drawdown (1Y)

Largest decline over 1 year

-2.74%

-11.90%

+9.16%

Max Drawdown (3Y)

Largest decline over 3 years

-2.74%

-22.71%

+19.97%

Max Drawdown (5Y)

Largest decline over 5 years

-9.33%

-35.33%

+26.00%

Max Drawdown (10Y)

Largest decline over 10 years

-9.93%

-35.33%

+25.40%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-1.91%

-34.37%

+32.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.71%

3.06%

-2.35%

Volatility

BASIX vs. NASDX - Volatility Comparison

The current volatility for BlackRock Strategic Income Opportunities Fund Investor A (BASIX) is 0.99%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 4.51%. This indicates that BASIX 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

BASIXNASDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.99%

4.51%

-3.52%

Volatility (6M)

Calculated over the trailing 6-month period

2.15%

12.19%

-10.04%

Volatility (1Y)

Calculated over the trailing 1-year period

2.72%

16.10%

-13.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.58%

23.06%

-19.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.10%

22.68%

-19.58%

BASIX vs. NASDX - Expense Ratio Comparison

BASIX has a 0.96% expense ratio, which is higher than NASDX's 0.63% expense ratio.

Dividends

BASIX vs. NASDX - Dividend Comparison

BASIX's dividend yield for the trailing twelve months is around 4.90%, more than NASDX's 2.98% yield.

PositionTTM20252024202320222021202020192018201720162015
BASIX
BlackRock Strategic Income Opportunities Fund Investor A		4.90%4.81%4.48%3.15%3.34%2.72%2.66%3.24%3.02%3.17%2.61%2.88%
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

BASIX and NASDX have a correlation of 0.42, 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 BASIX (0.99%). In terms of maximum drawdown, BASIX dropped -18.88% vs NASDX's -83.16%.

NASDX currently has the higher Sharpe Ratio (2.70 vs 2.55), 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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