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BGCKX vs. NASDX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

BGCKX vs. NASDX

Last updated Apr 1, 2026

Compare and contrast key facts about BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).

BGCKX is an actively managed fund by BlackRock. It was launched on Jan 29, 2016. 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

BGCKX vs. NASDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) 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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BGCKX vs. NASDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BGCKX
BlackRock Global Equity Market Neutral Fund Institutional Shares		3.62%18.38%21.55%14.60%1.80%3.42%0.33%-0.82%2.22%12.83%
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, BGCKX achieves a 3.62% return, which is significantly higher than NASDX's -9.12% return. Over the past 10 years, BGCKX has underperformed NASDX with an annualized return of 7.27%, while NASDX has yielded a comparatively higher 19.08% annualized return.

BGCKX

1D
-0.46%
1M
0.93%
YTD
3.62%
6M
6.66%
1Y
16.80%
3Y*
18.66%
5Y*
11.22%
10Y*
7.27%

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

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BlackRock Global Equity Market Neutral Fund Institutional Shares

Shelton Capital Management Nasdaq-100 Index Fund Direct Shares

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Often compared with NASDX:
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BGCKX vs. NASDX - Expense Ratio Comparison

BGCKX has a 1.29% expense ratio, which is higher than NASDX's 0.63% expense ratio.

BGCKX
BlackRock Global Equity Market Neutral Fund Institutional Shares
NASDX
Shelton Capital Management Nasdaq-100 Index Fund Direct Shares

Return for Risk

BGCKX vs. NASDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BGCKX
BGCKX Risk / Return Rank: 9696
Overall Rank
BGCKX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
BGCKX Sortino Ratio Rank: 9797
Sortino Ratio Rank
BGCKX Omega Ratio Rank: 9494
Omega Ratio Rank
BGCKX Calmar Ratio Rank: 9898
Calmar Ratio Rank
BGCKX Martin Ratio Rank: 9595
Martin Ratio Rank
NASDX
NASDX Risk / Return Rank: 5151
Overall Rank
NASDX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
NASDX Sortino Ratio Rank: 5151
Sortino Ratio Rank
NASDX Omega Ratio Rank: 5050
Omega Ratio Rank
NASDX Calmar Ratio Rank: 5757
Calmar Ratio Rank
NASDX Martin Ratio Rank: 5252
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.

BGCKX vs. NASDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) 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.

BGCKXNASDXDifference

Sharpe ratio

Return per unit of total volatility

2.59

0.88

+1.71

Sortino ratio

Return per unit of downside risk

3.78

1.40

+2.38

Omega ratio

Gain probability vs. loss probability

1.48

1.20

+0.28

Calmar ratio

Return relative to maximum drawdown

5.07

1.31

+3.76

Martin ratio

Return relative to average drawdown

13.83

5.01

+8.82

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

BGCKX vs. NASDX - Sharpe Ratio Comparison

The current BGCKX Sharpe Ratio is 2.59, which is higher than the NASDX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of BGCKX and NASDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

BGCKXNASDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.59

0.88

+1.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.73

0.63

+1.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.26

0.85

+0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

1.26

0.29

+0.98

Correlation

The correlation between BGCKX and NASDX is 0.05, 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

BGCKX vs. NASDX - Dividend Comparison

BGCKX's dividend yield for the trailing twelve months is around 8.65%, more than NASDX's 3.93% yield.

TTM20252024202320222021202020192018201720162015
BGCKX
BlackRock Global Equity Market Neutral Fund Institutional Shares		8.65%8.96%13.25%7.49%0.00%1.22%0.34%6.80%0.96%0.00%0.00%0.00%
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

BGCKX vs. NASDX - Drawdown Comparison

The maximum BGCKX drawdown since its inception was -9.47%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for BGCKX and NASDX.

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Drawdown Indicators

BGCKXNASDXDifference

Max Drawdown

Largest peak-to-trough decline

-9.47%

-83.16%

+73.69%

Max Drawdown (1Y)

Largest decline over 1 year

-3.51%

-12.70%

+9.19%

Max Drawdown (5Y)

Largest decline over 5 years

-7.35%

-35.33%

+27.98%

Max Drawdown (10Y)

Largest decline over 10 years

-9.47%

-35.33%

+25.86%

Current Drawdown

Current decline from peak

-0.85%

-11.90%

+11.05%

Average Drawdown

Average peak-to-trough decline

-2.18%

-34.59%

+32.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.29%

3.32%

-2.03%

Volatility

BGCKX vs. NASDX - Volatility Comparison

The current volatility for BlackRock Global Equity Market Neutral Fund Institutional Shares (BGCKX) is 1.59%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 5.38%. This indicates that BGCKX 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

BGCKXNASDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.59%

5.38%

-3.79%

Volatility (6M)

Calculated over the trailing 6-month period

4.75%

12.45%

-7.70%

Volatility (1Y)

Calculated over the trailing 1-year period

6.92%

22.55%

-15.63%

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

5.76%

22.61%

-16.85%