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.
Correlation
The correlation between RYDAX and NASDX is 0.72, 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
RYDAX vs. NASDX - Performance Comparison
Key characteristics
RYDAX:
1.24
NASDX:
0.77
RYDAX:
1.80
NASDX:
1.10
RYDAX:
1.23
NASDX:
1.15
RYDAX:
1.77
NASDX:
1.12
RYDAX:
5.10
NASDX:
3.23
RYDAX:
2.86%
NASDX:
4.71%
RYDAX:
11.79%
NASDX:
19.78%
RYDAX:
-37.34%
NASDX:
-81.69%
RYDAX:
-2.54%
NASDX:
-3.08%
Returns By Period
In the year-to-date period, RYDAX achieves a 4.70% return, which is significantly lower than NASDX's 5.47% return.
RYDAX
4.70%
2.48%
7.53%
13.89%
6.87%
N/A
NASDX
5.47%
3.37%
3.83%
16.03%
13.77%
14.43%
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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.
Dividends
RYDAX vs. NASDX - Dividend Comparison
RYDAX's dividend yield for the trailing twelve months is around 0.23%, less than NASDX's 0.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYDAX Rydex Dow Jones Industrial Average Fund | 0.23% | 0.24% | 0.65% | 0.58% | 0.00% | 0.07% | 0.42% | 1.00% | 0.53% | 0.04% | 0.00% | 0.00% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 0.34% | 0.36% | 0.45% | 0.50% | 0.15% | 0.37% | 0.47% | 0.94% | 1.35% | 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. For additional features, visit the drawdowns tool.
Volatility
RYDAX vs. NASDX - Volatility Comparison
The current volatility for Rydex Dow Jones Industrial Average Fund (RYDAX) is 2.70%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 5.06%. 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.