BCSIX vs. NASDX
BCSIX (Brown Capital Management Small Company Fund) and NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) are both mutual funds - BCSIX is a Small Cap Growth Equities fund managed by BlackRock, while NASDX is a Large Cap Growth Equities fund tracking the NASDAQ-100 Index. Over the past 10 years, BCSIX returned 5.12%/yr vs 22.54%/yr for NASDX. A 0.79 correlation means they provide meaningful diversification when combined. BCSIX charges 1.25%/yr vs 0.63%/yr for NASDX.
Performance
BCSIX vs. NASDX - Performance Comparison
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Returns By Period
In the year-to-date period, BCSIX achieves a -6.12% return, which is significantly lower than NASDX's 21.03% return. Over the past 10 years, BCSIX has underperformed NASDX with an annualized return of 5.12%, while NASDX has yielded a comparatively higher 22.54% annualized return.
BCSIX
- 1D
- -1.73%
- 1M
- 6.03%
- YTD
- -6.12%
- 6M
- -10.72%
- 1Y
- -9.38%
- 3Y*
- -1.84%
- 5Y*
- -6.79%
- 10Y*
- 5.12%
NASDX
- 1D
- -0.29%
- 1M
- 9.16%
- YTD
- 21.03%
- 6M
- 19.66%
- 1Y
- 41.24%
- 3Y*
- 32.52%
- 5Y*
- 19.94%
- 10Y*
- 22.54%
BCSIX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCSIX Brown Capital Management Small Company Fund | -6.12% | -12.48% | 9.86% | 19.16% | -37.85% | -4.26% | 45.23% | 29.22% | -0.57% | 28.90% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 21.03% | 21.00% | 36.91% | 54.69% | -32.57% | 27.32% | 48.59% | 38.22% | -1.21% | 31.27% |
Correlation
The correlation between BCSIX and NASDX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2000 | 0.79 |
Over the past year, the correlation between BCSIX and NASDX has dropped to 0.51 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
BCSIX vs. NASDX — Risk / Return Rank
BCSIX
NASDX
BCSIX vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Capital Management Small Company Fund (BCSIX) 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.
| BCSIX | NASDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.44 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 3.52 | -3.83 |
| Martin ratioReturn relative to average drawdown | -0.72 | 13.66 | -14.39 |
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
| BCSIX | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 2.60 | -2.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.87 | -1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 1.00 | -0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.33 | +0.04 |
Drawdowns
BCSIX vs. NASDX - Drawdown Comparison
The maximum BCSIX drawdown since its inception was -57.17%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for BCSIX and NASDX.
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Drawdown Indicators
| BCSIX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.17% | -83.16% | +25.99% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -11.90% | -15.07% |
Max Drawdown (3Y)Largest decline over 3 years | -57.17% | -22.71% | -34.46% |
Max Drawdown (5Y)Largest decline over 5 years | -57.17% | -35.33% | -21.84% |
Max Drawdown (10Y)Largest decline over 10 years | -57.17% | -35.33% | -21.84% |
Current DrawdownCurrent decline from peak | -48.15% | -0.29% | -47.86% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -34.37% | +20.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.48% | 3.06% | +8.42% |
Volatility
BCSIX vs. NASDX - Volatility Comparison
Brown Capital Management Small Company Fund (BCSIX) has a higher volatility of 8.31% compared to Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) at 4.52%. This indicates that BCSIX'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
| BCSIX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 4.52% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 17.57% | 12.19% | +5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.54% | 16.10% | +6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.12% | 23.05% | +16.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.37% | 22.68% | +9.69% |
BCSIX vs. NASDX - Expense Ratio Comparison
BCSIX has a 1.25% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Dividends
BCSIX vs. NASDX - Dividend Comparison
BCSIX's dividend yield for the trailing twelve months is around 115.60%, more than NASDX's 2.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCSIX Brown Capital Management Small Company Fund | 115.60% | 108.53% | 52.70% | 9.36% | 12.04% | 9.32% | 7.46% | 8.62% | 6.85% | 5.94% | 5.54% | 9.15% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 2.99% | 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
BCSIX and NASDX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCSIX has higher volatility (8.31%) compared to NASDX (4.52%). In terms of maximum drawdown, BCSIX dropped -57.17% vs NASDX's -83.16%.
NASDX currently has the higher Sharpe Ratio (2.60 vs -0.37), 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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