STMSX vs. NASDX
STMSX (SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund) and NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) are both mutual funds - STMSX is a Small Cap Blend Equities fund managed by BlackRock, while NASDX is a Large Cap Growth Equities fund tracking the NASDAQ-100 Index. Over the past 10 years, STMSX returned 9.31%/yr vs 21.08%/yr for NASDX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. STMSX charges 1.11%/yr vs 0.63%/yr for NASDX.
Performance
STMSX vs. NASDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, STMSX achieves a 15.01% return, which is significantly higher than NASDX's 12.17% return. Over the past 10 years, STMSX has underperformed NASDX with an annualized return of 9.31%, while NASDX has yielded a comparatively higher 21.08% annualized return.
STMSX
- 1D
- -0.15%
- 1M
- -0.51%
- 6M
- 9.08%
- YTD
- 15.01%
- 1Y
- 27.16%
- 3Y*
- 13.48%
- 5Y*
- 7.06%
- 10Y*
- 9.31%
- ALL TIME*
- 7.83%
NASDX
- 1D
- 0.59%
- 1M
- -3.62%
- 6M
- 10.09%
- YTD
- 12.17%
- 1Y
- 24.90%
- 3Y*
- 25.86%
- 5Y*
- 16.19%
- 10Y*
- 21.08%
- ALL TIME*
- 8.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
STMSX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STMSX SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund | 15.01% | 8.67% | 13.34% | 12.97% | -16.91% | 23.68% | 10.41% | 21.99% | -12.34% | 15.89% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 12.17% | 21.00% | 36.91% | 54.69% | -32.57% | 27.32% | 48.59% | 38.22% | -1.21% | 31.27% |
Correlation
The correlation between STMSX and NASDX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.79 |
The correlation between STMSX and NASDX shifts across timeframes, from 0.64 (3 years) to 0.79 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
STMSX vs. NASDX — Risk / Return Rank
STMSX
NASDX
STMSX vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund (STMSX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| STMSX | NASDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 1.90 | +0.71 |
| Martin ratioReturn relative to average drawdown | 9.14 | 6.14 | +3.00 |
Loading charts...
Drawdowns
STMSX vs. NASDX - Drawdown Comparison
The maximum STMSX drawdown since its inception was -60.78%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for STMSX and NASDX.
Loading charts...
Drawdown Indicators
| STMSX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.78% | -83.16% | +22.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -11.90% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -34.36% | -22.71% | -11.65% |
Max Drawdown (5Y)Largest decline over 5 years | -34.36% | -35.33% | +0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -43.16% | -35.33% | -7.83% |
Current DrawdownCurrent decline from peak | -2.10% | -7.59% | +5.49% |
Average DrawdownAverage peak-to-trough decline | -10.56% | -34.18% | +23.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.67% | -0.91% |
Volatility
STMSX vs. NASDX - Volatility Comparison
The current volatility for SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund (STMSX) is 3.60%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 6.80%. This indicates that STMSX 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.
Loading charts...
Volatility by Period
| STMSX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 6.80% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 15.94% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 19.35% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.06% | 23.53% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.83% | 22.87% | -0.04% |
STMSX vs. NASDX - Expense Ratio Comparison
STMSX has a 1.11% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Dividends
STMSX vs. NASDX - Dividend Comparison
STMSX's dividend yield for the trailing twelve months is around 3.60%, more than NASDX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 3.21% | 3.76% | 16.95% | 7.61% | 3.75% | 2.59% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% |
STMSX SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund | 3.60% | 4.41% | 21.88% | 3.11% | 0.84% | 9.68% | 0.29% | 2.54% | 9.26% | 1.89% | 0.41% | 0.25% |
Frequently Asked Questions
STMSX and NASDX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NASDX has higher volatility (6.80%) compared to STMSX (3.60%). In terms of maximum drawdown, STMSX dropped -60.78% vs NASDX's -83.16%.
STMSX currently has the higher Sharpe Ratio (1.51 vs 1.17), 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.
Find the right allocation for STMSX and NASDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer