NASDX vs. GOLD

Last updated Jun 9, 2026

NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) is Large Cap Growth Equities fund tracking the NASDAQ-100 Index, while GOLD (Barrick Mining Corporation) is a stock. At a 0.41 correlation, their price movements are largely independent.

Performance

NASDX vs. GOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) and Barrick Mining Corporation (GOLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NASDX achieves a 14.68% return, which is significantly lower than GOLD's 19.84% 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%

GOLD

• 1D: 2.12%
• 1M: -10.41%
• YTD: 19.84%
• 6M: 34.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NASDX vs. GOLD - Yearly Performance Comparison

	2026 (YTD)	2025
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares	14.68%	-0.18%
GOLD Barrick Mining Corporation	19.84%	13.01%

Correlation

The correlation between NASDX and GOLD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.41

Return for Risk

NASDX vs. GOLD — Risk / Return Rank

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

NASDX

NASDX Risk / Return Rank: 54
NASDX Sharpe Ratio Rank: 54
NASDX Sortino Ratio Rank: 44
NASDX Omega Ratio Rank: 49
NASDX Calmar Ratio Rank: 64
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.

NASDX vs. GOLD - 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 Barrick Mining Corporation (GOLD). 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	GOLD	Difference
Sharpe ratio: Return per unit of total volatility	2.09	—	—
Sortino ratio: Return per unit of downside risk	2.70	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.95	—	—
Martin ratio: Return relative to average drawdown	11.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NASDX	GOLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.47	-1.15

Drawdowns

NASDX vs. GOLD - Drawdown Comparison

The maximum NASDX drawdown since its inception was -83.16%, which is greater than GOLD's maximum drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for NASDX and GOLD.

Drawdown Indicators

	NASDX	GOLD	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-40.58%	-42.58%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.33%	—	—
Current Drawdown Current decline from peak	-5.52%	-36.38%	+30.86%
Average Drawdown Average peak-to-trough decline	-34.36%	-17.71%	-16.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	—	—

Volatility

Volatility by Period

	NASDX	GOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.82%	58.70%	-41.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.13%	58.70%	-35.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.72%	58.70%	-35.98%

Dividends

NASDX vs. GOLD - Dividend Comparison

NASDX's dividend yield for the trailing twelve months is around 3.16%, more than GOLD's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOLD Barrick Mining Corporation	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares	3.16%	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 NASDX and GOLD in my portfolio?

NASDX and GOLD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.