NASDX vs. BTC-USD
NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) is Large Cap Growth Equities fund tracking the NASDAQ-100 Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, NASDX returned 21.88%/yr vs 59.68%/yr for BTC-USD. At a 0.13 correlation, their price movements are largely independent.
Performance
NASDX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, NASDX achieves a 14.68% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, NASDX has underperformed BTC-USD with an annualized return of 21.88%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
NASDX
- 1D
- -4.76%
- 1M
- -0.88%
- YTD
- 14.68%
- 6M
- 13.19%
- 1Y
- 33.57%
- 3Y*
- 30.14%
- 5Y*
- 18.65%
- 10Y*
- 21.88%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
NASDX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 14.68% | 21.00% | 36.91% | 54.69% | -32.57% | 27.32% | 48.59% | 38.22% | -1.21% | 31.27% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between NASDX and BTC-USD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | 0.13 |
Over the past year, NASDX and BTC-USD have become more correlated (0.38) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
NASDX vs. BTC-USD — Risk / Return Rank
NASDX
BTC-USD
NASDX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) and Bitcoin (BTC-USD). 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.
| NASDX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.06 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.86 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | -0.80 | +3.75 |
| Martin ratioReturn relative to average drawdown | 11.38 | -1.42 | +12.80 |
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
| NASDX | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | -0.95 | +3.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.20 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.87 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.13 | -0.81 |
Drawdowns
NASDX vs. BTC-USD - Drawdown Comparison
The maximum NASDX drawdown since its inception was -83.16%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for NASDX and BTC-USD.
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Drawdown Indicators
| NASDX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -85.30% | +2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -51.21% | +39.31% |
Max Drawdown (3Y)Largest decline over 3 years | -22.71% | -51.21% | +28.50% |
Max Drawdown (5Y)Largest decline over 5 years | -35.33% | -76.67% | +41.34% |
Max Drawdown (10Y)Largest decline over 10 years | -35.33% | -83.80% | +48.47% |
Current DrawdownCurrent decline from peak | -5.52% | -49.86% | +44.34% |
Average DrawdownAverage peak-to-trough decline | -34.36% | -42.32% | +7.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 34.46% | -31.38% |
Volatility
NASDX vs. BTC-USD - Volatility Comparison
The current volatility for Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) is 6.67%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that NASDX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NASDX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 11.59% | -4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 34.53% | -21.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 35.67% | -18.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.13% | 44.95% | -21.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.72% | 56.71% | -33.99% |
Frequently Asked Questions
NASDX and BTC-USD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to NASDX (6.67%). In terms of maximum drawdown, NASDX dropped -83.16% vs BTC-USD's -85.30%.
NASDX currently has the higher Sharpe Ratio (2.09 vs -0.95), 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.
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