NASDX vs. FMIL
Compare and contrast key facts about Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) and Fidelity New Millennium ETF (FMIL).
NASDX is a passively managed fund by Blackrock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000. FMIL is an actively managed fund by Fidelity. It was launched on Jun 3, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NASDX or FMIL.
Performance
NASDX vs. FMIL - Performance Comparison
Returns By Period
In the year-to-date period, NASDX achieves a 23.68% return, which is significantly lower than FMIL's 30.26% return.
NASDX
23.68%
1.81%
11.56%
21.08%
16.10%
15.03%
FMIL
30.26%
0.39%
11.65%
36.11%
N/A
N/A
Key characteristics
| NASDX | FMIL | |
|---|---|---|
| Sharpe Ratio | 1.14 | 2.76 |
| Sortino Ratio | 1.52 | 3.75 |
| Omega Ratio | 1.22 | 1.50 |
| Calmar Ratio | 1.43 | 4.08 |
| Martin Ratio | 5.30 | 19.34 |
| Ulcer Index | 4.07% | 1.88% |
| Daily Std Dev | 19.04% | 13.19% |
| Max Drawdown | -81.69% | -15.87% |
| Current Drawdown | -1.74% | -1.80% |
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NASDX vs. FMIL - Expense Ratio Comparison
NASDX has a 0.63% expense ratio, which is higher than FMIL's 0.59% expense ratio.
Correlation
The correlation between NASDX and FMIL is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
NASDX vs. FMIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) and Fidelity New Millennium ETF (FMIL). 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.
Dividends
NASDX vs. FMIL - Dividend Comparison
NASDX's dividend yield for the trailing twelve months is around 0.38%, less than FMIL's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 0.38% | 0.45% | 0.50% | 0.15% | 0.37% | 0.47% | 0.94% | 1.35% | 0.75% | 0.86% | 1.02% | 0.72% |
FMIL Fidelity New Millennium ETF | 0.60% | 0.23% | 1.43% | 1.68% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NASDX vs. FMIL - Drawdown Comparison
The maximum NASDX drawdown since its inception was -81.69%, which is greater than FMIL's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for NASDX and FMIL. For additional features, visit the drawdowns tool.
Volatility
NASDX vs. FMIL - Volatility Comparison
Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a higher volatility of 5.38% compared to Fidelity New Millennium ETF (FMIL) at 4.11%. This indicates that NASDX's price experiences larger fluctuations and is considered to be riskier than FMIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.