GCTIX vs. NASDX
Compare and contrast key facts about Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
GCTIX is managed by BlackRock. It was launched on Apr 3, 2000. 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
GCTIX vs. NASDX - Performance Comparison
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GCTIX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCTIX Goldman Sachs U.S. Tax-Managed Equity Fund | -7.27% | 15.35% | 27.60% | 23.80% | -20.26% | 29.22% | 17.53% | 25.90% | -7.78% | 20.29% |
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, GCTIX achieves a -7.27% return, which is significantly higher than NASDX's -9.12% return. Over the past 10 years, GCTIX has underperformed NASDX with an annualized return of 12.17%, while NASDX has yielded a comparatively higher 19.08% annualized return.
GCTIX
- 1D
- -0.65%
- 1M
- -8.78%
- YTD
- -7.27%
- 6M
- -4.94%
- 1Y
- 13.80%
- 3Y*
- 16.64%
- 5Y*
- 10.41%
- 10Y*
- 12.17%
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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GCTIX vs. NASDX - Expense Ratio Comparison
GCTIX has a 0.75% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Return for Risk
GCTIX vs. NASDX — Risk / Return Rank
GCTIX
NASDX
GCTIX vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) 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.
| GCTIX | NASDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.88 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.40 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.31 | -0.39 |
Martin ratioReturn relative to average drawdown | 4.16 | 5.01 | -0.85 |
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
| GCTIX | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.88 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.63 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.85 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.29 | +0.15 |
Correlation
The correlation between GCTIX and NASDX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GCTIX vs. NASDX - Dividend Comparison
GCTIX's dividend yield for the trailing twelve months is around 0.55%, less than NASDX's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCTIX Goldman Sachs U.S. Tax-Managed Equity Fund | 0.55% | 0.51% | 3.06% | 0.52% | 0.71% | 0.42% | 0.70% | 0.68% | 0.10% | 0.86% | 0.96% | 1.02% |
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
GCTIX vs. NASDX - Drawdown Comparison
The maximum GCTIX drawdown since its inception was -56.62%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for GCTIX and NASDX.
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Drawdown Indicators
| GCTIX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.62% | -83.16% | +26.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -12.70% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | -35.33% | +9.47% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -35.33% | -0.21% |
Current DrawdownCurrent decline from peak | -9.98% | -11.90% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -34.59% | +24.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.32% | -0.53% |
Volatility
GCTIX vs. NASDX - Volatility Comparison
The current volatility for Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) is 4.71%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 5.38%. This indicates that GCTIX 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
| GCTIX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 5.38% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 12.45% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 22.55% | -3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 23.03% | -5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 22.61% | -3.78% |