MASPX vs. NASDX

Last updated Jun 25, 2026

MASPX (BlackRock Advantage SMID Cap Fund, Inc.) and NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) are both mutual funds - MASPX is a Mid Cap Blend Equities fund managed by BlackRock, while NASDX is a Large Cap Growth Equities fund tracking the NASDAQ-100 Index. Over the past 10 years, MASPX returned 12.58%/yr vs 22.69%/yr for NASDX. A 0.79 correlation means they provide meaningful diversification when combined. MASPX charges 0.48%/yr vs 0.63%/yr for NASDX.

Performance

MASPX vs. NASDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage SMID Cap Fund, Inc. (MASPX) 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, MASPX achieves a 22.26% return, which is significantly higher than NASDX's 16.40% return. Over the past 10 years, MASPX has underperformed NASDX with an annualized return of 12.58%, while NASDX has yielded a comparatively higher 22.69% annualized return.

MASPX

• 1D: -1.67%
• 1M: 3.11%
• YTD: 22.26%
• 6M: 19.36%
• 1Y: 37.12%
• 3Y*: 20.37%
• 5Y*: 9.25%
• 10Y*: 12.58%

NASDX

• 1D: -3.17%
• 1M: -0.26%
• YTD: 16.40%
• 6M: 14.63%
• 1Y: 32.94%
• 3Y*: 29.77%
• 5Y*: 18.00%
• 10Y*: 22.69%

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

MASPX vs. NASDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MASPX BlackRock Advantage SMID Cap Fund, Inc.	22.26%	11.36%	12.11%	18.89%	-15.73%	13.56%	19.79%	28.86%	-6.52%	8.80%
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares	16.40%	21.00%	36.91%	54.69%	-32.57%	27.32%	48.59%	38.22%	-1.21%	31.27%

Correlation

The correlation between MASPX and NASDX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jan 18, 2000	0.79

The correlation between MASPX and NASDX shifts across timeframes, from 0.68 (3 years) to 0.79 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MASPX vs. NASDX — Risk / Return Rank

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

MASPX

MASPX Risk / Return Rank: 78
MASPX Sharpe Ratio Rank: 74
MASPX Sortino Ratio Rank: 70
MASPX Omega Ratio Rank: 61
MASPX Calmar Ratio Rank: 93
MASPX Martin Ratio Rank: 93

NASDX

NASDX Risk / Return Rank: 53
NASDX Sharpe Ratio Rank: 52
NASDX Sortino Ratio Rank: 44
NASDX Omega Ratio Rank: 47
NASDX Calmar Ratio Rank: 65
NASDX Martin Ratio Rank: 59

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.

MASPX vs. NASDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage SMID Cap Fund, Inc. (MASPX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MASPX	NASDX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	1.95	+0.23
Sortino ratio: Return per unit of downside risk	2.98	2.57	+0.41
Omega ratio: Gain probability vs. loss probability	1.37	1.34	+0.02
Calmar ratio: Return relative to maximum drawdown	4.65	2.95	+1.70
Martin ratio: Return relative to average drawdown	17.08	11.06	+6.02

MASPX vs. NASDX - Sharpe Ratio Comparison

The current MASPX Sharpe Ratio is 2.18, which is comparable to the NASDX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of MASPX 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.

Drawdowns

MASPX vs. NASDX - Drawdown Comparison

The maximum MASPX drawdown since its inception was -63.74%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for MASPX and NASDX.

Drawdown Indicators

	MASPX	NASDX	Difference
Max Drawdown Largest peak-to-trough decline	-63.74%	-83.16%	+19.42%
Max Drawdown (1Y) Largest decline over 1 year	-8.38%	-11.90%	+3.52%
Max Drawdown (3Y) Largest decline over 3 years	-25.41%	-22.71%	-2.70%
Max Drawdown (5Y) Largest decline over 5 years	-26.87%	-35.33%	+8.46%
Max Drawdown (10Y) Largest decline over 10 years	-34.82%	-35.33%	+0.51%
Current Drawdown Current decline from peak	-1.67%	-4.10%	+2.43%
Average Drawdown Average peak-to-trough decline	-9.85%	-34.30%	+24.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	3.17%	-0.89%

Volatility

MASPX vs. NASDX - Volatility Comparison

The current volatility for BlackRock Advantage SMID Cap Fund, Inc. (MASPX) is 6.29%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 9.02%. This indicates that MASPX 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

	MASPX	NASDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	9.02%	-2.73%
Volatility (6M) Calculated over the trailing 6-month period	13.55%	14.53%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	17.87%	18.01%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.27%	23.34%	-2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	22.79%	-1.83%

MASPX vs. NASDX - Expense Ratio Comparison

MASPX has a 0.48% expense ratio, which is lower than NASDX's 0.63% expense ratio.

Dividends

MASPX vs. NASDX - Dividend Comparison

MASPX's dividend yield for the trailing twelve months is around 4.17%, more than NASDX's 3.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MASPX BlackRock Advantage SMID Cap Fund, Inc.	4.17%	5.09%	1.41%	0.95%	2.04%	40.63%	4.79%	2.73%	27.75%	16.25%	3.40%	3.26%
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares	3.11%	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 MASPX and NASDX in my portfolio?

MASPX and NASDX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MASPX or NASDX?

NASDX has higher volatility (9.02%) compared to MASPX (6.29%). In terms of maximum drawdown, MASPX dropped -63.74% vs NASDX's -83.16%.

Which has better risk-adjusted returns?

MASPX currently has the higher Sharpe Ratio (2.18 vs 1.95), 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.