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.
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.
Performance
NASDX vs. QQQ - Performance Comparison
Key characteristics
NASDX:
-0.05
QQQ:
0.14
NASDX:
0.08
QQQ:
0.31
NASDX:
1.01
QQQ:
1.04
NASDX:
-0.06
QQQ:
0.17
NASDX:
-0.15
QQQ:
0.53
NASDX:
6.33%
QQQ:
5.24%
NASDX:
20.98%
QQQ:
20.34%
NASDX:
-81.69%
QQQ:
-82.98%
NASDX:
-14.35%
QQQ:
-16.35%
Returns By Period
In the year-to-date period, NASDX achieves a -6.80% return, which is significantly higher than QQQ's -11.72% return. Over the past 10 years, NASDX has underperformed QQQ with an annualized return of 13.32%, while QQQ has yielded a comparatively higher 16.52% annualized return.
NASDX
-6.80%
-4.14%
-8.69%
-0.03%
16.53%
13.32%
QQQ
-11.72%
-8.92%
-6.13%
2.56%
20.53%
16.52%
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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.
Risk-Adjusted Performance
NASDX vs. QQQ — Risk-Adjusted Performance Rank
NASDX
QQQ
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 0.27%, less than QQQ's 0.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 0.27% | 0.36% | 0.45% | 0.50% | 0.15% | 0.37% | 0.47% | 0.94% | 1.35% | 0.75% | 0.86% | 1.02% |
QQQ Invesco QQQ | 0.66% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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
The current volatility for Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) is 7.62%, while Invesco QQQ (QQQ) has a volatility of 9.26%. This indicates that NASDX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.