MIY vs. NASDX
Compare and contrast key facts about BlackRock MuniYield Michigan Quality Fund (MIY) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
MIY is an actively managed fund by BlackRock. It was launched on Oct 30, 1992. 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
MIY vs. NASDX - Performance Comparison
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MIY vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIY BlackRock MuniYield Michigan Quality Fund | 2.55% | 11.24% | 3.48% | 6.60% | -24.10% | 10.04% | 7.27% | 19.51% | -6.71% | 8.86% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | -6.04% | 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, MIY achieves a 2.55% return, which is significantly higher than NASDX's -6.04% return. Over the past 10 years, MIY has underperformed NASDX with an annualized return of 2.91%, while NASDX has yielded a comparatively higher 19.48% annualized return.
MIY
- 1D
- 1.54%
- 1M
- -5.15%
- YTD
- 2.55%
- 6M
- 8.25%
- 1Y
- 10.47%
- 3Y*
- 7.28%
- 5Y*
- 0.01%
- 10Y*
- 2.91%
NASDX
- 1D
- 3.39%
- 1M
- -5.03%
- YTD
- -6.04%
- 6M
- -4.08%
- 1Y
- 22.65%
- 3Y*
- 25.90%
- 5Y*
- 14.78%
- 10Y*
- 19.48%
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MIY vs. NASDX - Expense Ratio Comparison
MIY has a 2.25% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Return for Risk
MIY vs. NASDX — Risk / Return Rank
MIY
NASDX
MIY vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield Michigan Quality Fund (MIY) 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.
| MIY | NASDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.04 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.63 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.87 | -0.49 |
Martin ratioReturn relative to average drawdown | 3.77 | 7.07 | -3.30 |
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
| MIY | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.04 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.64 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.86 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.29 | +0.07 |
Correlation
The correlation between MIY and NASDX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MIY vs. NASDX - Dividend Comparison
MIY's dividend yield for the trailing twelve months is around 5.51%, more than NASDX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIY BlackRock MuniYield Michigan Quality Fund | 5.51% | 5.57% | 5.21% | 3.86% | 5.70% | 4.38% | 4.23% | 4.27% | 5.27% | 5.46% | 5.85% | 5.66% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 3.80% | 3.76% | 16.95% | 7.61% | 3.75% | 2.59% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% |
Drawdowns
MIY vs. NASDX - Drawdown Comparison
The maximum MIY drawdown since its inception was -42.19%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for MIY and NASDX.
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Drawdown Indicators
| MIY | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.19% | -83.16% | +40.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -12.70% | +4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -34.59% | -35.33% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -35.33% | +0.74% |
Current DrawdownCurrent decline from peak | -6.70% | -8.91% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -34.59% | +26.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 3.37% | -0.39% |
Volatility
MIY vs. NASDX - Volatility Comparison
The current volatility for BlackRock MuniYield Michigan Quality Fund (MIY) is 4.61%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 6.54%. This indicates that MIY 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
| MIY | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 6.54% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 12.89% | -4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 22.75% | -11.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.43% | 23.07% | -11.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.83% | 22.63% | -10.80% |