Correlation
The correlation between RYDAX and NASDX is 0.91, 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.
RYDAX vs. NASDX
Compare and contrast key facts about Rydex Dow Jones Industrial Average Fund (RYDAX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
RYDAX is managed by Rydex Funds. It was launched on Dec 1, 2015. NASDX is a passively managed fund by Blackrock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYDAX or NASDX.
Performance
RYDAX vs. NASDX - Performance Comparison
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Key characteristics
RYDAX:
0.62
NASDX:
0.61
RYDAX:
0.85
NASDX:
0.91
RYDAX:
1.12
NASDX:
1.12
RYDAX:
0.53
NASDX:
0.59
RYDAX:
1.78
NASDX:
1.92
RYDAX:
4.91%
NASDX:
7.05%
RYDAX:
17.34%
NASDX:
25.69%
RYDAX:
-37.34%
NASDX:
-81.69%
RYDAX:
-6.35%
NASDX:
-3.62%
Returns By Period
In the year-to-date period, RYDAX achieves a -0.82% return, which is significantly lower than NASDX's 1.70% return.
RYDAX
-0.82%
3.65%
-6.08%
9.11%
8.85%
10.99%
N/A
NASDX
1.70%
7.90%
2.13%
15.56%
19.68%
17.99%
17.32%
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RYDAX vs. NASDX - Expense Ratio Comparison
RYDAX has a 1.58% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Risk-Adjusted Performance
RYDAX vs. NASDX — Risk-Adjusted Performance Rank
RYDAX
NASDX
RYDAX vs. NASDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Dow Jones Industrial Average Fund (RYDAX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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.
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Dividends
RYDAX vs. NASDX - Dividend Comparison
RYDAX's dividend yield for the trailing twelve months is around 1.75%, less than NASDX's 8.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYDAX Rydex Dow Jones Industrial Average Fund | 1.75% | 1.73% | 0.75% | 3.17% | 1.22% | 4.87% | 4.02% | 1.25% | 3.70% | 0.56% | 0.00% | 0.00% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 8.48% | 8.66% | 7.54% | 3.74% | 2.59% | 1.28% | 7.10% | 2.47% | 2.39% | 0.75% | 0.86% | 1.02% |
Drawdowns
RYDAX vs. NASDX - Drawdown Comparison
The maximum RYDAX drawdown since its inception was -37.34%, smaller than the maximum NASDX drawdown of -81.69%. Use the drawdown chart below to compare losses from any high point for RYDAX and NASDX.
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Volatility
RYDAX vs. NASDX - Volatility Comparison
The current volatility for Rydex Dow Jones Industrial Average Fund (RYDAX) is 4.61%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 5.59%. This indicates that RYDAX experiences smaller price fluctuations and is considered to be less risky than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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