BDMAX vs. NASDX
Compare and contrast key facts about BlackRock Global Equity Market Neutral Fund (BDMAX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
BDMAX is an actively managed fund by BlackRock. It was launched on Dec 20, 2012. 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
BDMAX vs. NASDX - Performance Comparison
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BDMAX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund | 3.51% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | -9.12% | 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, BDMAX achieves a 3.51% return, which is significantly higher than NASDX's -9.12% return. Over the past 10 years, BDMAX has underperformed NASDX with an annualized return of 6.95%, while NASDX has yielded a comparatively higher 19.08% annualized return.
BDMAX
- 1D
- -0.41%
- 1M
- 0.89%
- YTD
- 3.51%
- 6M
- 6.52%
- 1Y
- 16.41%
- 3Y*
- 18.28%
- 5Y*
- 10.88%
- 10Y*
- 6.95%
NASDX
- 1D
- -0.79%
- 1M
- -8.02%
- YTD
- -9.12%
- 6M
- -6.79%
- 1Y
- 19.59%
- 3Y*
- 24.51%
- 5Y*
- 14.42%
- 10Y*
- 19.08%
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BDMAX vs. NASDX - Expense Ratio Comparison
BDMAX has a 1.60% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Return for Risk
BDMAX vs. NASDX — Risk / Return Rank
BDMAX
NASDX
BDMAX vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Equity Market Neutral Fund (BDMAX) 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.
| BDMAX | NASDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.54 | 0.88 | +1.66 |
Sortino ratioReturn per unit of downside risk | 3.72 | 1.40 | +2.32 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.20 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 4.83 | 1.31 | +3.51 |
Martin ratioReturn relative to average drawdown | 13.40 | 5.01 | +8.38 |
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
| BDMAX | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 0.88 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.68 | 0.63 | +1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 0.85 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.29 | +0.80 |
Correlation
The correlation between BDMAX and NASDX is 0.10, 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
BDMAX vs. NASDX - Dividend Comparison
BDMAX's dividend yield for the trailing twelve months is around 8.64%, more than NASDX's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund | 8.64% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 3.93% | 3.76% | 16.95% | 7.61% | 3.75% | 2.59% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% |
Drawdowns
BDMAX vs. NASDX - Drawdown Comparison
The maximum BDMAX drawdown since its inception was -12.37%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for BDMAX and NASDX.
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Drawdown Indicators
| BDMAX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.37% | -83.16% | +70.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -12.70% | +9.09% |
Max Drawdown (5Y)Largest decline over 5 years | -7.72% | -35.33% | +27.61% |
Max Drawdown (10Y)Largest decline over 10 years | -9.71% | -35.33% | +25.62% |
Current DrawdownCurrent decline from peak | -0.81% | -11.90% | +11.09% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -34.59% | +31.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 3.32% | -2.02% |
Volatility
BDMAX vs. NASDX - Volatility Comparison
The current volatility for BlackRock Global Equity Market Neutral Fund (BDMAX) is 1.56%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 5.38%. This indicates that BDMAX 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
| BDMAX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 5.38% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 4.70% | 12.45% | -7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.91% | 22.55% | -15.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 23.03% | -16.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 22.61% | -16.84% |