SHIB-USD vs. NASDX
Compare and contrast key facts about Shiba Inu (SHIB-USD) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
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: SHIB-USD or NASDX.
Correlation
The correlation between SHIB-USD and NASDX is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SHIB-USD vs. NASDX - Performance Comparison
Key characteristics
SHIB-USD:
-0.21
NASDX:
0.90
SHIB-USD:
0.37
NASDX:
1.25
SHIB-USD:
1.03
NASDX:
1.18
SHIB-USD:
0.02
NASDX:
1.28
SHIB-USD:
-0.61
NASDX:
4.33
SHIB-USD:
33.09%
NASDX:
4.03%
SHIB-USD:
99.32%
NASDX:
19.40%
SHIB-USD:
-92.10%
NASDX:
-81.69%
SHIB-USD:
-71.05%
NASDX:
-7.24%
Returns By Period
In the year-to-date period, SHIB-USD achieves a 132.31% return, which is significantly higher than NASDX's 16.77% return.
SHIB-USD
132.31%
-3.34%
32.76%
137.06%
N/A
N/A
NASDX
16.77%
-4.63%
-1.52%
16.85%
15.21%
14.34%
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Risk-Adjusted Performance
SHIB-USD vs. NASDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shiba Inu (SHIB-USD) 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.
Drawdowns
SHIB-USD vs. NASDX - Drawdown Comparison
The maximum SHIB-USD drawdown since its inception was -92.10%, which is greater than NASDX's maximum drawdown of -81.69%. Use the drawdown chart below to compare losses from any high point for SHIB-USD and NASDX. For additional features, visit the drawdowns tool.
Volatility
SHIB-USD vs. NASDX - Volatility Comparison
Shiba Inu (SHIB-USD) has a higher volatility of 32.20% compared to Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) at 8.89%. This indicates that SHIB-USD's price experiences larger fluctuations and is considered to be riskier than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.