CAUSX vs. EQTIX

Last updated Jun 4, 2026

CAUSX (Shelton Capital Management U.S. Government Securities Fund) and EQTIX (Shelton Equity Income Fund) are both mutual funds - CAUSX is a Government Bonds fund managed by Shelton Capital Management, while EQTIX is a Derivative Income fund managed by Shelton Capital Management. Over the past 10 years, CAUSX returned 0.73%/yr vs 9.78%/yr for EQTIX. At a correlation of -0.16, they often move in opposite directions. CAUSX charges 0.75%/yr vs 0.72%/yr for EQTIX.

Performance

CAUSX vs. EQTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shelton Capital Management U.S. Government Securities Fund (CAUSX) and Shelton Equity Income Fund (EQTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAUSX achieves a -0.27% return, which is significantly lower than EQTIX's 9.64% return. Over the past 10 years, CAUSX has underperformed EQTIX with an annualized return of 0.73%, while EQTIX has yielded a comparatively higher 9.78% annualized return.

CAUSX

• 1D: 0.11%
• 1M: 0.38%
• YTD: -0.27%
• 6M: -0.84%
• 1Y: 3.45%
• 3Y*: 2.70%
• 5Y*: 0.13%
• 10Y*: 0.73%

EQTIX

• 1D: 0.16%
• 1M: 5.52%
• YTD: 9.64%
• 6M: 10.13%
• 1Y: 19.54%
• 3Y*: 15.40%
• 5Y*: 9.18%
• 10Y*: 9.78%

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

CAUSX vs. EQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAUSX Shelton Capital Management U.S. Government Securities Fund	-0.27%	6.38%	-0.20%	3.83%	-7.74%	-2.99%	5.33%	4.98%	0.48%	0.91%
EQTIX Shelton Equity Income Fund	9.64%	8.84%	17.18%	17.17%	-10.28%	23.76%	6.87%	17.66%	-10.00%	13.57%

Correlation

The correlation between CAUSX and EQTIX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Sep 5, 1996	-0.16

The correlation between CAUSX and EQTIX shifts across timeframes, from -0.16 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CAUSX vs. EQTIX — Risk / Return Rank

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

CAUSX

CAUSX Risk / Return Rank: 10
CAUSX Sharpe Ratio Rank: 10
CAUSX Sortino Ratio Rank: 10
CAUSX Omega Ratio Rank: 9
CAUSX Calmar Ratio Rank: 10
CAUSX Martin Ratio Rank: 9

EQTIX

EQTIX Risk / Return Rank: 53
EQTIX Sharpe Ratio Rank: 50
EQTIX Sortino Ratio Rank: 48
EQTIX Omega Ratio Rank: 47
EQTIX Calmar Ratio Rank: 55
EQTIX Martin Ratio Rank: 64

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.

CAUSX vs. EQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shelton Capital Management U.S. Government Securities Fund (CAUSX) and Shelton Equity Income Fund (EQTIX). 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.

	CAUSX	EQTIX	Difference
Sharpe ratio: Return per unit of total volatility	0.79	2.10	-1.31
Sortino ratio: Return per unit of downside risk	1.19	2.93	-1.74
Omega ratio: Gain probability vs. loss probability	1.14	1.38	-0.24
Calmar ratio: Return relative to maximum drawdown	0.92	2.83	-1.91
Martin ratio: Return relative to average drawdown	2.65	12.54	-9.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAUSX vs. EQTIX - Sharpe Ratio Comparison

The current CAUSX Sharpe Ratio is 0.79, which is lower than the EQTIX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of CAUSX and EQTIX, 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

	CAUSX	EQTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	2.10	-1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.70	-0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.69	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.47	+0.26

Drawdowns

CAUSX vs. EQTIX - Drawdown Comparison

The maximum CAUSX drawdown since its inception was -14.35%, smaller than the maximum EQTIX drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for CAUSX and EQTIX.

Drawdown Indicators

	CAUSX	EQTIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.35%	-53.77%	+39.42%
Max Drawdown (1Y) Largest decline over 1 year	-3.87%	-7.10%	+3.23%
Max Drawdown (3Y) Largest decline over 3 years	-5.74%	-17.03%	+11.29%
Max Drawdown (5Y) Largest decline over 5 years	-12.17%	-19.03%	+6.86%
Max Drawdown (10Y) Largest decline over 10 years	-14.35%	-29.85%	+15.50%
Current Drawdown Current decline from peak	-2.77%	0.00%	-2.77%
Average Drawdown Average peak-to-trough decline	-3.20%	-7.17%	+3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	1.60%	-0.25%

Volatility

CAUSX vs. EQTIX - Volatility Comparison

The current volatility for Shelton Capital Management U.S. Government Securities Fund (CAUSX) is 1.41%, while Shelton Equity Income Fund (EQTIX) has a volatility of 2.19%. This indicates that CAUSX experiences smaller price fluctuations and is considered to be less risky than EQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAUSX	EQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	2.19%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	3.16%	7.59%	-4.43%
Volatility (1Y) Calculated over the trailing 1-year period	4.51%	9.59%	-5.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.96%	13.12%	-8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.06%	14.31%	-10.25%

CAUSX vs. EQTIX - Expense Ratio Comparison

CAUSX has a 0.75% expense ratio, which is higher than EQTIX's 0.72% expense ratio.

Dividends

CAUSX vs. EQTIX - Dividend Comparison

CAUSX's dividend yield for the trailing twelve months is around 3.22%, less than EQTIX's 8.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAUSX Shelton Capital Management U.S. Government Securities Fund	3.22%	4.55%	3.16%	3.08%	1.46%	1.13%	1.15%	1.42%	1.45%	1.41%	1.72%	1.38%
EQTIX Shelton Equity Income Fund	8.37%	7.62%	9.51%	9.25%	9.83%	11.98%	24.62%	4.89%	23.96%	14.65%	16.02%	3.33%

Frequently Asked Questions

Can I hold both CAUSX and EQTIX in my portfolio?

CAUSX and EQTIX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAUSX or EQTIX?

EQTIX has higher volatility (2.19%) compared to CAUSX (1.41%). In terms of maximum drawdown, CAUSX dropped -14.35% vs EQTIX's -53.77%.

Which has better risk-adjusted returns?

EQTIX currently has the higher Sharpe Ratio (2.10 vs 0.79), 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.