CAUSX vs. VGIVX
CAUSX (Shelton Capital Management U.S. Government Securities Fund) and VGIVX (Vanguard Emerging Markets Government Bond Index Fund Institutional Shares) are both Government Bonds funds. Over the past 10 years, CAUSX returned 0.73%/yr vs 3.65%/yr for VGIVX. At a 0.42 correlation, their price movements are largely independent. CAUSX charges 0.75%/yr vs 0.18%/yr for VGIVX.
Performance
CAUSX vs. VGIVX - Performance Comparison
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Returns By Period
In the year-to-date period, CAUSX achieves a -0.27% return, which is significantly lower than VGIVX's 1.70% return. Over the past 10 years, CAUSX has underperformed VGIVX with an annualized return of 0.73%, while VGIVX has yielded a comparatively higher 3.65% 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%
VGIVX
- 1D
- 0.22%
- 1M
- 1.04%
- YTD
- 1.70%
- 6M
- 1.99%
- 1Y
- 11.36%
- 3Y*
- 9.79%
- 5Y*
- 2.38%
- 10Y*
- 3.65%
CAUSX vs. VGIVX - 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% |
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | 1.70% | 13.05% | 6.31% | 10.48% | -16.72% | -2.41% | 5.83% | 14.03% | -2.72% | 8.47% |
Correlation
The correlation between CAUSX and VGIVX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.42 |
Over the past year, CAUSX and VGIVX have become more correlated (0.63) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
CAUSX vs. VGIVX — Risk / Return Rank
CAUSX
VGIVX
CAUSX vs. VGIVX - 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 Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX). 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 | VGIVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.34 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.58 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.98 | -2.05 |
| Martin ratioReturn relative to average drawdown | 2.65 | 11.93 | -9.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CAUSX | VGIVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.85 | -2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.38 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.58 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.69 | +0.04 |
Drawdowns
CAUSX vs. VGIVX - Drawdown Comparison
The maximum CAUSX drawdown since its inception was -14.35%, smaller than the maximum VGIVX drawdown of -26.79%. Use the drawdown chart below to compare losses from any high point for CAUSX and VGIVX.
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Drawdown Indicators
| CAUSX | VGIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.35% | -26.79% | +12.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -3.93% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -5.74% | -7.14% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -12.17% | -26.79% | +14.62% |
Max Drawdown (10Y)Largest decline over 10 years | -14.35% | -26.79% | +12.44% |
Current DrawdownCurrent decline from peak | -2.77% | -0.07% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -4.70% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 0.98% | +0.37% |
Volatility
CAUSX vs. VGIVX - Volatility Comparison
The current volatility for Shelton Capital Management U.S. Government Securities Fund (CAUSX) is 1.41%, while Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) has a volatility of 1.56%. This indicates that CAUSX experiences smaller price fluctuations and is considered to be less risky than VGIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAUSX | VGIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.56% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 3.35% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.51% | 4.12% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.96% | 6.30% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 6.36% | -2.30% |
CAUSX vs. VGIVX - Expense Ratio Comparison
CAUSX has a 0.75% expense ratio, which is higher than VGIVX's 0.18% expense ratio.
Dividends
CAUSX vs. VGIVX - Dividend Comparison
CAUSX's dividend yield for the trailing twelve months is around 3.22%, less than VGIVX's 5.88% 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% |
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | 5.88% | 5.95% | 6.58% | 5.53% | 5.32% | 3.53% | 4.21% | 4.62% | 4.62% | 4.67% | 4.76% | 4.55% |
Frequently Asked Questions
CAUSX and VGIVX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGIVX has higher volatility (1.56%) compared to CAUSX (1.41%). In terms of maximum drawdown, CAUSX dropped -14.35% vs VGIVX's -26.79%.
VGIVX currently has the higher Sharpe Ratio (2.85 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.
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