NASDX vs. QQQ
Compare and contrast key facts about Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) and Invesco QQQ (QQQ).
NASDX is a passively managed fund by Blackrock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both NASDX and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NASDX or QQQ.
Performance
NASDX vs. QQQ - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with NASDX having a 24.04% return and QQQ slightly higher at 24.24%. Over the past 10 years, NASDX has underperformed QQQ with an annualized return of 14.92%, while QQQ has yielded a comparatively higher 17.93% annualized return.
NASDX
24.04%
2.25%
10.78%
21.61%
15.70%
14.92%
QQQ
24.24%
2.28%
10.95%
30.95%
20.57%
17.93%
Key characteristics
| NASDX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.14 | 1.78 |
| Sortino Ratio | 1.52 | 2.38 |
| Omega Ratio | 1.22 | 1.32 |
| Calmar Ratio | 1.43 | 2.28 |
| Martin Ratio | 5.30 | 8.28 |
| Ulcer Index | 4.08% | 3.74% |
| Daily Std Dev | 19.04% | 17.36% |
| Max Drawdown | -81.69% | -82.98% |
| Current Drawdown | -1.46% | -1.47% |
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NASDX vs. QQQ - Expense Ratio Comparison
NASDX has a 0.63% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between NASDX and QQQ is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
NASDX vs. QQQ - 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 Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
NASDX's dividend yield for the trailing twelve months is around 0.38%, less than QQQ'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% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
NASDX vs. QQQ - Drawdown Comparison
The maximum NASDX drawdown since its inception was -81.69%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NASDX and QQQ. For additional features, visit the drawdowns tool.
Volatility
NASDX vs. QQQ - Volatility Comparison
Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) and Invesco QQQ (QQQ) have volatilities of 5.31% and 5.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.