MDEGX vs. NASDX
MDEGX (BlackRock Unconstrained Equity Fund Investor A Shares) and NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) are both mutual funds - MDEGX is a Global Equities fund actively managed by BlackRock, while NASDX is a Large Cap Growth Equities fund tracking the NASDAQ-100 Index. MDEGX is actively managed, while NASDX is passively managed. Over the past 10 years, MDEGX returned 12.12%/yr vs 22.58%/yr for NASDX. Their correlation of 0.82 suggests significant overlap in exposure. MDEGX charges 1.16%/yr vs 0.63%/yr for NASDX.
Performance
MDEGX vs. NASDX - Performance Comparison
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Returns By Period
In the year-to-date period, MDEGX achieves a 14.98% return, which is significantly lower than NASDX's 21.38% return. Over the past 10 years, MDEGX has underperformed NASDX with an annualized return of 12.12%, while NASDX has yielded a comparatively higher 22.58% annualized return.
MDEGX
- 1D
- 0.06%
- 1M
- 3.53%
- YTD
- 14.98%
- 6M
- 13.38%
- 1Y
- 23.31%
- 3Y*
- 14.60%
- 5Y*
- 9.79%
- 10Y*
- 12.12%
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%
MDEGX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDEGX BlackRock Unconstrained Equity Fund Investor A Shares | 14.98% | 12.11% | 7.27% | 33.16% | -20.47% | 20.42% | 16.28% | 32.46% | -4.81% | 24.48% |
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 MDEGX and NASDX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2005 | 0.82 |
The correlation between MDEGX and NASDX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
MDEGX vs. NASDX — Risk / Return Rank
MDEGX
NASDX
MDEGX vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Unconstrained Equity Fund Investor A Shares (MDEGX) 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.
| MDEGX | NASDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.46 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.65 | -1.80 |
| Martin ratioReturn relative to average drawdown | 7.58 | 14.16 | -6.58 |
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
| MDEGX | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 2.70 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.89 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 1.00 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.33 | +0.17 |
Drawdowns
MDEGX vs. NASDX - Drawdown Comparison
The maximum MDEGX drawdown since its inception was -48.79%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for MDEGX and NASDX.
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Drawdown Indicators
| MDEGX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.79% | -83.16% | +34.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -11.90% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | -22.71% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -31.49% | -35.33% | +3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -31.98% | -35.33% | +3.35% |
Current DrawdownCurrent decline from peak | -1.43% | 0.00% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -34.37% | +26.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.06% | +0.03% |
Volatility
MDEGX vs. NASDX - Volatility Comparison
BlackRock Unconstrained Equity Fund Investor A Shares (MDEGX) has a higher volatility of 5.56% compared to Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) at 4.51%. This indicates that MDEGX's price experiences larger fluctuations and is considered to be riskier 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
| MDEGX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 4.51% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.65% | 12.19% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 16.10% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.58% | 23.06% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.07% | 22.68% | -3.61% |
MDEGX vs. NASDX - Expense Ratio Comparison
MDEGX has a 1.16% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Dividends
MDEGX vs. NASDX - Dividend Comparison
MDEGX has not paid dividends to shareholders, while NASDX's dividend yield for the trailing twelve months is around 2.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDEGX BlackRock Unconstrained Equity Fund Investor A Shares | 0.00% | 0.00% | 0.00% | 0.00% | 18.18% | 22.48% | 6.30% | 11.68% | 8.21% | 3.81% | 0.62% | 7.88% |
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
MDEGX and NASDX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDEGX has higher volatility (5.56%) compared to NASDX (4.51%). In terms of maximum drawdown, MDEGX dropped -48.79% vs NASDX's -83.16%.
NASDX currently has the higher Sharpe Ratio (2.70 vs 1.34), 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.
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