MAMTX vs. NASDX

Last updated Apr 1, 2026

Compare and contrast key facts about Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).

MAMTX is managed by BlackRock. It was launched on Oct 30, 1988. 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

MAMTX vs. NASDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). The values are adjusted to include any dividend payments, if applicable.

MAMTX vs. NASDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MAMTX Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust	-0.66%	3.97%	3.90%	4.89%	-12.11%	5.84%	0.58%	6.81%	1.27%	8.05%
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, MAMTX achieves a -0.66% return, which is significantly higher than NASDX's -9.12% return. Over the past 10 years, MAMTX has underperformed NASDX with an annualized return of 2.03%, while NASDX has yielded a comparatively higher 19.08% annualized return.

MAMTX

• 1D: 0.20%
• 1M: -2.66%
• YTD: -0.66%
• 6M: 0.03%
• 1Y: 2.68%
• 3Y*: 3.35%
• 5Y*: 0.44%
• 10Y*: 2.03%

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)

MAMTX vs. NASDX - Expense Ratio Comparison

MAMTX has a 0.55% expense ratio, which is lower than NASDX's 0.63% expense ratio.

NASDX

Shelton Capital Management Nasdaq-100 Index Fund Direct Shares

MAMTX

Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust

Return for Risk

MAMTX vs. NASDX — Risk / Return Rank

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

MAMTX

MAMTX Risk / Return Rank: 25
MAMTX Sharpe Ratio Rank: 25
MAMTX Sortino Ratio Rank: 20
MAMTX Omega Ratio Rank: 40
MAMTX Calmar Ratio Rank: 23
MAMTX Martin Ratio Rank: 19

NASDX

NASDX Risk / Return Rank: 51
NASDX Sharpe Ratio Rank: 45
NASDX Sortino Ratio Rank: 51
NASDX Omega Ratio Rank: 50
NASDX Calmar Ratio Rank: 57
NASDX Martin Ratio Rank: 52

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.

MAMTX vs. NASDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) 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.

	MAMTX	NASDX	Difference
Sharpe ratio Return per unit of total volatility	0.61	0.88	-0.27
Sortino ratio Return per unit of downside risk	0.84	1.40	-0.56
Omega ratio Gain probability vs. loss probability	1.18	1.20	-0.02
Calmar ratio Return relative to maximum drawdown	0.68	1.31	-0.64
Martin ratio Return relative to average drawdown	1.95	5.01	-3.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAMTX vs. NASDX - Sharpe Ratio Comparison

The current MAMTX Sharpe Ratio is 0.61, which is lower than the NASDX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of MAMTX 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.

Sharpe Ratios by Period

	MAMTX	NASDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	0.88	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.63	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.85	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	0.29	+0.89

Correlation

The correlation between MAMTX and NASDX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

MAMTX vs. NASDX - Dividend Comparison

MAMTX's dividend yield for the trailing twelve months is around 3.91%, which matches NASDX's 3.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAMTX Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust	3.91%	5.00%	4.23%	2.70%	1.96%	2.00%	2.39%	2.83%	4.74%	2.89%	3.91%	2.84%
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

MAMTX vs. NASDX - Drawdown Comparison

The maximum MAMTX drawdown since its inception was -16.83%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for MAMTX and NASDX.

Drawdown Indicators

	MAMTX	NASDX	Difference
Max Drawdown Largest peak-to-trough decline	-16.83%	-83.16%	+66.33%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	-12.70%	+7.00%
Max Drawdown (5Y) Largest decline over 5 years	-16.83%	-35.33%	+18.50%
Max Drawdown (10Y) Largest decline over 10 years	-16.83%	-35.33%	+18.50%
Current Drawdown Current decline from peak	-2.66%	-11.90%	+9.24%
Average Drawdown Average peak-to-trough decline	-2.06%	-34.59%	+32.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	3.32%	-1.35%

Volatility

MAMTX vs. NASDX - Volatility Comparison

The current volatility for Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) is 1.11%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 5.38%. This indicates that MAMTX 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

	MAMTX	NASDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	5.38%	-4.27%
Volatility (6M) Calculated over the trailing 6-month period	1.85%	12.45%	-10.60%
Volatility (1Y) Calculated over the trailing 1-year period	6.23%	22.55%	-16.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.74%	23.03%	-18.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	22.61%	-17.79%