BMCAX vs. NASDX

Last updated Jun 4, 2026

BMCAX (BlackRock Advantage Large Cap Growth Fund) and NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) are both Large Cap Growth Equities funds from BlackRock. Over the past 10 years, BMCAX returned 18.00%/yr vs 22.58%/yr for NASDX. Their correlation of 0.84 suggests significant overlap in exposure. BMCAX charges 0.87%/yr vs 0.63%/yr for NASDX.

Performance

BMCAX vs. NASDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Large Cap Growth Fund (BMCAX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMCAX achieves a 14.04% return, which is significantly lower than NASDX's 21.38% return. Over the past 10 years, BMCAX has underperformed NASDX with an annualized return of 18.00%, while NASDX has yielded a comparatively higher 22.58% annualized return.

BMCAX

• 1D: -0.03%
• 1M: 8.98%
• YTD: 14.04%
• 6M: 13.34%
• 1Y: 36.01%
• 3Y*: 28.28%
• 5Y*: 16.21%
• 10Y*: 18.00%

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)

BMCAX vs. NASDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMCAX BlackRock Advantage Large Cap Growth Fund	14.04%	21.40%	32.28%	39.38%	-30.37%	26.61%	31.89%	33.39%	-2.87%	22.57%
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 BMCAX and NASDX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 19, 2000	0.84

The correlation between BMCAX and NASDX shifts across timeframes, from 0.84 (all time) to 0.97 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BMCAX vs. NASDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMCAX

BMCAX Risk / Return Rank: 51
BMCAX Sharpe Ratio Rank: 64
BMCAX Sortino Ratio Rank: 54
BMCAX Omega Ratio Rank: 53
BMCAX Calmar Ratio Rank: 44
BMCAX Martin Ratio Rank: 40

NASDX

NASDX Risk / Return Rank: 75
NASDX Sharpe Ratio Rank: 84
NASDX Sortino Ratio Rank: 71
NASDX Omega Ratio Rank: 67
NASDX Calmar Ratio Rank: 80
NASDX Martin Ratio Rank: 75

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.

BMCAX vs. NASDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Growth Fund (BMCAX) 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.

	BMCAX	NASDX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.70	-0.35
Sortino ratio: Return per unit of downside risk	3.09	3.51	-0.42
Omega ratio: Gain probability vs. loss probability	1.40	1.46	-0.06
Calmar ratio: Return relative to maximum drawdown	2.53	3.65	-1.12
Martin ratio: Return relative to average drawdown	8.70	14.16	-5.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BMCAX vs. NASDX - Sharpe Ratio Comparison

The current BMCAX Sharpe Ratio is 2.35, which is comparable to the NASDX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of BMCAX 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.

Sharpe Ratios by Period

	BMCAX	NASDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.70	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.89	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	1.00	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.33	+0.15

Drawdowns

BMCAX vs. NASDX - Drawdown Comparison

The maximum BMCAX drawdown since its inception was -58.55%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for BMCAX and NASDX.

Drawdown Indicators

	BMCAX	NASDX	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-83.16%	+24.61%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-11.90%	-2.81%
Max Drawdown (3Y) Largest decline over 3 years	-23.29%	-22.71%	-0.58%
Max Drawdown (5Y) Largest decline over 5 years	-33.84%	-35.33%	+1.49%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	-35.33%	+1.49%
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-9.43%	-34.37%	+24.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	3.06%	+1.20%

Volatility

BMCAX vs. NASDX - Volatility Comparison

The current volatility for BlackRock Advantage Large Cap Growth Fund (BMCAX) is 3.68%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 4.51%. This indicates that BMCAX 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.

Volatility by Period

	BMCAX	NASDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	4.51%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	11.92%	12.19%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	15.83%	16.10%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.38%	23.06%	-1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	22.68%	-1.56%

BMCAX vs. NASDX - Expense Ratio Comparison

BMCAX has a 0.87% expense ratio, which is higher than NASDX's 0.63% expense ratio.

Dividends

BMCAX vs. NASDX - Dividend Comparison

BMCAX's dividend yield for the trailing twelve months is around 6.08%, more than NASDX's 2.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMCAX BlackRock Advantage Large Cap Growth Fund	6.08%	6.94%	22.50%	0.79%	0.19%	14.39%	5.68%	4.12%	9.77%	6.04%	0.56%	7.42%
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

Can I hold both BMCAX and NASDX in my portfolio?

With a correlation of 0.96, BMCAX and NASDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BMCAX or NASDX?

NASDX has higher volatility (4.51%) compared to BMCAX (3.68%). In terms of maximum drawdown, BMCAX dropped -58.55% vs NASDX's -83.16%.

Which has better risk-adjusted returns?

NASDX currently has the higher Sharpe Ratio (2.70 vs 2.35), 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.