NASDX vs. HG=F

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 HG=F (Copper) is an asset. At a 0.08 correlation, their price movements are largely independent.

Performance

NASDX vs. HG=F - 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 Copper (HG=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

HG=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NASDX vs. HG=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares	14.68%	21.00%	36.91%	54.69%	-23.88%
HG=F Copper	0.00%	0.00%	0.00%	0.00%	1.29%

Correlation

The correlation between NASDX and HG=F is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.08

Return for Risk

NASDX vs. HG=F — 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. HG=F - 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 Copper (HG=F). 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	HG=F	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	HG=F	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	—	—

Drawdowns

Drawdown Indicators

	NASDX	HG=F	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	—	—
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%	—	—
Average Drawdown Average peak-to-trough decline	-34.36%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	—	—

Volatility

Volatility by Period

	NASDX	HG=F	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%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.13%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.72%	—	—

Frequently Asked Questions

Can I hold both NASDX and HG=F in my portfolio?

NASDX and HG=F have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.