SMCIX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Shelton Capital Management S&P Smallcap Index Fund (SMCIX) and S&P 500 Index (^GSPC).

SMCIX is managed by BlackRock. It was launched on Oct 2, 1996.

Performance

SMCIX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shelton Capital Management S&P Smallcap Index Fund (SMCIX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

SMCIX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMCIX Shelton Capital Management S&P Smallcap Index Fund	3.01%	6.90%	18.13%	15.48%	-16.41%	26.53%	11.27%	30.68%	-9.07%	3.08%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, SMCIX achieves a 3.01% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, SMCIX has underperformed ^GSPC with an annualized return of 10.16%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

SMCIX

• 1D: 2.47%
• 1M: -5.02%
• YTD: 3.01%
• 6M: 4.28%
• 1Y: 18.79%
• 3Y*: 13.54%
• 5Y*: 5.80%
• 10Y*: 10.16%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SMCIX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMCIX

SMCIX Risk / Return Rank: 41
SMCIX Sharpe Ratio Rank: 33
SMCIX Sortino Ratio Rank: 37
SMCIX Omega Ratio Rank: 30
SMCIX Calmar Ratio Rank: 52
SMCIX Martin Ratio Rank: 52

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMCIX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shelton Capital Management S&P Smallcap Index Fund (SMCIX) and S&P 500 Index (^GSPC). 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.

	SMCIX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.85	0.92	-0.07
Sortino ratio Return per unit of downside risk	1.33	1.41	-0.08
Omega ratio Gain probability vs. loss probability	1.18	1.21	-0.04
Calmar ratio Return relative to maximum drawdown	1.47	1.41	+0.05
Martin ratio Return relative to average drawdown	5.87	6.61	-0.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMCIX vs. ^GSPC - Sharpe Ratio Comparison

The current SMCIX Sharpe Ratio is 0.85, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of SMCIX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SMCIX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	0.92	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.61	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.68	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.46	-0.07

Correlation

The correlation between SMCIX and ^GSPC is 0.83, 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.

Drawdowns

SMCIX vs. ^GSPC - Drawdown Comparison

The maximum SMCIX drawdown since its inception was -58.13%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SMCIX and ^GSPC.

Drawdown Indicators

	SMCIX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-58.13%	-56.78%	-1.35%
Max Drawdown (1Y) Largest decline over 1 year	-14.77%	-12.14%	-2.63%
Max Drawdown (5Y) Largest decline over 5 years	-26.72%	-25.43%	-1.29%
Max Drawdown (10Y) Largest decline over 10 years	-42.54%	-33.92%	-8.62%
Current Drawdown Current decline from peak	-6.13%	-5.78%	-0.35%
Average Drawdown Average peak-to-trough decline	-9.58%	-10.75%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	2.60%	+1.09%

Volatility

SMCIX vs. ^GSPC - Volatility Comparison

Shelton Capital Management S&P Smallcap Index Fund (SMCIX) has a higher volatility of 6.13% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that SMCIX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMCIX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	5.37%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	12.93%	9.55%	+3.38%
Volatility (1Y) Calculated over the trailing 1-year period	22.70%	18.33%	+4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.96%	16.90%	+5.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.61%	18.05%	+5.56%