SMARX vs. NASDX
Compare and contrast key facts about Brandes Separately Managed Account Reserve Trust (SMARX) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
SMARX is managed by BlackRock. It was launched on Oct 3, 2005. NASDX is a passively managed fund by BlackRock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000.
Performance
SMARX vs. NASDX - Performance Comparison
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SMARX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMARX Brandes Separately Managed Account Reserve Trust | -0.18% | 6.91% | 3.73% | 9.76% | -11.77% | 0.76% | 6.55% | 7.77% | -1.13% | 4.75% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | -6.04% | 21.00% | 36.91% | 54.69% | -32.57% | 27.32% | 48.59% | 38.22% | -1.21% | 31.27% |
Returns By Period
In the year-to-date period, SMARX achieves a -0.18% return, which is significantly higher than NASDX's -6.04% return. Over the past 10 years, SMARX has underperformed NASDX with an annualized return of 3.35%, while NASDX has yielded a comparatively higher 19.48% annualized return.
SMARX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.18%
- 6M
- 0.37%
- 1Y
- 3.86%
- 3Y*
- 5.23%
- 5Y*
- 1.94%
- 10Y*
- 3.35%
NASDX
- 1D
- 3.39%
- 1M
- -5.03%
- YTD
- -6.04%
- 6M
- -4.08%
- 1Y
- 22.65%
- 3Y*
- 25.90%
- 5Y*
- 14.78%
- 10Y*
- 19.48%
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SMARX vs. NASDX - Expense Ratio Comparison
SMARX has a 0.00% expense ratio, which is lower than NASDX's 0.63% expense ratio.
Return for Risk
SMARX vs. NASDX — Risk / Return Rank
SMARX
NASDX
SMARX vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes Separately Managed Account Reserve Trust (SMARX) 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.
| SMARX | NASDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.04 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.63 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.87 | -0.09 |
Martin ratioReturn relative to average drawdown | 5.69 | 7.07 | -1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMARX | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.04 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.64 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.86 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.29 | +0.12 |
Correlation
The correlation between SMARX and NASDX is 0.06, 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.
Dividends
SMARX vs. NASDX - Dividend Comparison
SMARX's dividend yield for the trailing twelve months is around 4.70%, more than NASDX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMARX Brandes Separately Managed Account Reserve Trust | 4.70% | 5.02% | 4.07% | 3.85% | 3.53% | 2.57% | 3.35% | 4.19% | 4.55% | 4.20% | 4.87% | 5.24% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 3.80% | 3.76% | 16.95% | 7.61% | 3.75% | 2.59% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% |
Drawdowns
SMARX vs. NASDX - Drawdown Comparison
The maximum SMARX drawdown since its inception was -47.07%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for SMARX and NASDX.
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Drawdown Indicators
| SMARX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.07% | -83.16% | +36.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -12.70% | +10.07% |
Max Drawdown (5Y)Largest decline over 5 years | -16.20% | -35.33% | +19.13% |
Max Drawdown (10Y)Largest decline over 10 years | -16.20% | -35.33% | +19.13% |
Current DrawdownCurrent decline from peak | -1.86% | -8.91% | +7.05% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -34.59% | +27.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 3.37% | -2.54% |
Volatility
SMARX vs. NASDX - Volatility Comparison
The current volatility for Brandes Separately Managed Account Reserve Trust (SMARX) is 1.66%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 6.54%. This indicates that SMARX 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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Volatility by Period
| SMARX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 6.54% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 12.89% | -10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 22.75% | -18.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 23.07% | -17.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 22.63% | -18.26% |