VCNIX vs. NASDX
VCNIX (VALIC Company I Nasdaq-100 Index Fund) and NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) are both Large Cap Growth Equities funds. Over the past 10 years, VCNIX returned 17.16%/yr vs 21.11%/yr for NASDX. Their 0.99 correlation means they have historically moved very closely together. VCNIX charges 0.45%/yr vs 0.63%/yr for NASDX.
Performance
VCNIX vs. NASDX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VCNIX having a 11.49% return and NASDX slightly higher at 11.60%. Over the past 10 years, VCNIX has underperformed NASDX with an annualized return of 17.16%, while NASDX has yielded a comparatively higher 21.11% annualized return.
VCNIX
- 1D
- -3.02%
- 1M
- -3.42%
- 6M
- 9.48%
- YTD
- 11.49%
- 1Y
- 21.10%
- 3Y*
- 13.92%
- 5Y*
- 8.93%
- 10Y*
- 17.16%
- ALL TIME*
- 6.69%
NASDX
- 1D
- -1.15%
- 1M
- -3.41%
- 6M
- 9.64%
- YTD
- 11.60%
- 1Y
- 21.55%
- 3Y*
- 26.05%
- 5Y*
- 15.83%
- 10Y*
- 21.11%
- ALL TIME*
- 8.48%
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 |
VCNIX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCNIX VALIC Company I Nasdaq-100 Index Fund | 11.49% | -2.43% | 25.36% | 54.21% | -32.55% | 26.89% | 48.24% | 38.63% | -4.76% | 32.35% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 11.60% | 21.00% | 36.91% | 54.69% | -32.57% | 27.32% | 48.59% | 38.22% | -1.21% | 31.27% |
Correlation
The correlation between VCNIX and NASDX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2000 | 0.99 |
The correlation between VCNIX and NASDX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
VCNIX vs. NASDX — Risk / Return Rank
VCNIX
NASDX
VCNIX vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Nasdaq-100 Index Fund (VCNIX) 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.
| VCNIX | NASDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.84 | -0.05 |
| Martin ratioReturn relative to average drawdown | 6.12 | 6.34 | -0.22 |
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Drawdowns
VCNIX vs. NASDX - Drawdown Comparison
The maximum VCNIX drawdown since its inception was -76.68%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for VCNIX and NASDX.
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Drawdown Indicators
| VCNIX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.68% | -83.16% | +6.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -11.90% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -37.53% | -22.71% | -14.82% |
Max Drawdown (5Y)Largest decline over 5 years | -37.53% | -35.33% | -2.20% |
Max Drawdown (10Y)Largest decline over 10 years | -37.53% | -35.33% | -2.20% |
Current DrawdownCurrent decline from peak | -8.26% | -8.06% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -28.59% | -34.20% | +5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.45% | +0.06% |
Volatility
VCNIX vs. NASDX - Volatility Comparison
VALIC Company I Nasdaq-100 Index Fund (VCNIX) has a higher volatility of 6.85% compared to Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) at 6.48%. This indicates that VCNIX'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.
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Volatility by Period
| VCNIX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 6.48% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 15.64% | 15.45% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.69% | 18.92% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.27% | 23.46% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.90% | 22.83% | +1.07% |
VCNIX vs. NASDX - Expense Ratio Comparison
VCNIX has a 0.45% expense ratio, which is lower than NASDX's 0.63% expense ratio.
Dividends
VCNIX vs. NASDX - Dividend Comparison
VCNIX's dividend yield for the trailing twelve months is around 9.09%, more than NASDX's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 3.23% | 3.76% | 16.95% | 7.61% | 3.75% | 2.59% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% |
VCNIX VALIC Company I Nasdaq-100 Index Fund | 9.09% | 0.00% | 3.76% | 10.90% | 13.50% | 7.28% | 2.40% | 1.57% | 0.55% | 4.57% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, VCNIX and NASDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VCNIX has higher volatility (6.85%) compared to NASDX (6.48%). In terms of maximum drawdown, VCNIX dropped -76.68% vs NASDX's -83.16%.
NASDX currently has the higher Sharpe Ratio (1.16 vs 1.15), 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.
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