SMCIX vs. WFSPX

Last updated Jun 4, 2026

SMCIX (Shelton Capital Management S&P Smallcap Index Fund) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - SMCIX is a Small Cap Blend Equities fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SMCIX returned 11.15%/yr vs 15.54%/yr for WFSPX. Their correlation of 0.82 suggests significant overlap in exposure. SMCIX charges 0.81%/yr vs 0.03%/yr for WFSPX.

Performance

SMCIX vs. WFSPX - 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 iShares S&P 500 Index Fund (WFSPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMCIX achieves a 16.24% return, which is significantly higher than WFSPX's 11.69% return. Over the past 10 years, SMCIX has underperformed WFSPX with an annualized return of 11.15%, while WFSPX has yielded a comparatively higher 15.54% annualized return.

SMCIX

• 1D: 0.91%
• 1M: 2.79%
• YTD: 16.24%
• 6M: 15.02%
• 1Y: 31.79%
• 3Y*: 18.11%
• 5Y*: 7.75%
• 10Y*: 11.15%

WFSPX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.69%
• 6M: 11.72%
• 1Y: 28.93%
• 3Y*: 22.71%
• 5Y*: 14.24%
• 10Y*: 15.54%

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

SMCIX vs. WFSPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMCIX Shelton Capital Management S&P Smallcap Index Fund	16.24%	6.90%	18.13%	15.48%	-16.41%	26.53%	11.27%	30.68%	-9.07%	3.08%
WFSPX iShares S&P 500 Index Fund	11.69%	17.83%	24.94%	26.25%	-18.14%	28.63%	18.43%	31.45%	-4.83%	21.27%

Correlation

The correlation between SMCIX and WFSPX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 3, 1997	0.82

The correlation between SMCIX and WFSPX has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.

Return for Risk

SMCIX vs. WFSPX — Risk / Return Rank

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

SMCIX

SMCIX Risk / Return Rank: 55
SMCIX Sharpe Ratio Rank: 44
SMCIX Sortino Ratio Rank: 45
SMCIX Omega Ratio Rank: 39
SMCIX Calmar Ratio Rank: 83
SMCIX Martin Ratio Rank: 67

WFSPX

WFSPX Risk / Return Rank: 73
WFSPX Sharpe Ratio Rank: 75
WFSPX Sortino Ratio Rank: 67
WFSPX Omega Ratio Rank: 67
WFSPX Calmar Ratio Rank: 74
WFSPX Martin Ratio Rank: 83

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. WFSPX - 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 iShares S&P 500 Index Fund (WFSPX). 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	WFSPX	Difference
Sharpe ratio Return per unit of total volatility	1.95	2.52	-0.57
Sortino ratio Return per unit of downside risk	2.81	3.42	-0.61
Omega ratio Gain probability vs. loss probability	1.33	1.46	-0.12
Calmar ratio Return relative to maximum drawdown	3.88	3.35	+0.53
Martin ratio Return relative to average drawdown	12.92	15.65	-2.73
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. WFSPX - Sharpe Ratio Comparison

The current SMCIX Sharpe Ratio is 1.95, which is comparable to the WFSPX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of SMCIX and WFSPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SMCIX	WFSPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.52	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.85	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.87	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.13	+0.28

Drawdowns

SMCIX vs. WFSPX - Drawdown Comparison

The maximum SMCIX drawdown since its inception was -58.13%, roughly equal to the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for SMCIX and WFSPX.

Drawdown Indicators

	SMCIX	WFSPX	Difference
Max Drawdown Largest peak-to-trough decline	-58.13%	-58.21%	+0.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.79%	-8.90%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	-26.52%	-18.74%	-7.78%
Max Drawdown (5Y) Largest decline over 5 years	-26.72%	-24.51%	-2.21%
Max Drawdown (10Y) Largest decline over 10 years	-42.54%	-33.74%	-8.80%
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-9.53%	-12.77%	+3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	1.90%	+0.73%

Volatility

SMCIX vs. WFSPX - Volatility Comparison

Shelton Capital Management S&P Smallcap Index Fund (SMCIX) has a higher volatility of 4.52% compared to iShares S&P 500 Index Fund (WFSPX) at 2.82%. This indicates that SMCIX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMCIX	WFSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	2.82%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	11.70%	8.97%	+2.73%
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	11.85%	+5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.86%	16.88%	+4.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.63%	18.02%	+5.61%

SMCIX vs. WFSPX - Expense Ratio Comparison

SMCIX has a 0.81% expense ratio, which is higher than WFSPX's 0.03% expense ratio.

Dividends

SMCIX vs. WFSPX - Dividend Comparison

SMCIX's dividend yield for the trailing twelve months is around 8.04%, more than WFSPX's 1.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMCIX Shelton Capital Management S&P Smallcap Index Fund	8.04%	10.78%	19.88%	3.48%	10.40%	9.40%	4.53%	13.88%	9.39%	1.63%	4.64%	11.58%
WFSPX iShares S&P 500 Index Fund	1.56%	1.72%	1.41%	1.50%	2.02%	1.82%	1.66%	1.99%	2.00%	1.62%	2.37%	2.49%

Frequently Asked Questions

Can I hold both SMCIX and WFSPX in my portfolio?

SMCIX and WFSPX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMCIX or WFSPX?

SMCIX has higher volatility (4.52%) compared to WFSPX (2.82%). In terms of maximum drawdown, SMCIX dropped -58.13% vs WFSPX's -58.21%.

Which has better risk-adjusted returns?

WFSPX currently has the higher Sharpe Ratio (2.52 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.