EMSQX vs. EQTIX

Last updated Jun 3, 2026

EMSQX (Shelton Emerging Markets Fund) and EQTIX (Shelton Equity Income Fund) are both mutual funds - EMSQX is a Emerging Markets Diversified fund managed by Shelton Capital Management, while EQTIX is a Derivative Income fund managed by Shelton Capital Management. Over the past 5 years, EMSQX returned 10.54%/yr vs 9.17%/yr for EQTIX. At a 0.46 correlation, their price movements are largely independent. EMSQX charges 1.77%/yr vs 0.72%/yr for EQTIX.

Performance

EMSQX vs. EQTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shelton Emerging Markets Fund (EMSQX) 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, EMSQX achieves a 22.69% return, which is significantly higher than EQTIX's 9.47% return.

EMSQX

• 1D: 1.73%
• 1M: 7.71%
• YTD: 22.69%
• 6M: 25.78%
• 1Y: 50.61%
• 3Y*: 20.87%
• 5Y*: 10.54%
• 10Y*: —

EQTIX

• 1D: 0.54%
• 1M: 5.05%
• YTD: 9.47%
• 6M: 10.45%
• 1Y: 19.85%
• 3Y*: 15.34%
• 5Y*: 9.17%
• 10Y*: 9.76%

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

EMSQX vs. EQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EMSQX Shelton Emerging Markets Fund	22.69%	32.98%	3.45%	15.43%	-14.33%	0.77%	44.90%
EQTIX Shelton Equity Income Fund	9.47%	8.84%	17.18%	17.17%	-10.28%	23.76%	14.29%

Correlation

The correlation between EMSQX and EQTIX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020	0.46

Over the past year, the correlation between EMSQX and EQTIX has dropped to 0.25 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Return for Risk

EMSQX vs. EQTIX — Risk / Return Rank

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

EMSQX

EMSQX Risk / Return Rank: 76
EMSQX Sharpe Ratio Rank: 85
EMSQX Sortino Ratio Rank: 74
EMSQX Omega Ratio Rank: 75
EMSQX Calmar Ratio Rank: 78
EMSQX Martin Ratio Rank: 69

EQTIX

EQTIX Risk / Return Rank: 54
EQTIX Sharpe Ratio Rank: 52
EQTIX Sortino Ratio Rank: 49
EQTIX Omega Ratio Rank: 48
EQTIX Calmar Ratio Rank: 56
EQTIX Martin Ratio Rank: 65

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.

EMSQX vs. EQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shelton Emerging Markets Fund (EMSQX) 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.

	EMSQX	EQTIX	Difference
Sharpe ratio Return per unit of total volatility	2.76	2.12	+0.64
Sortino ratio Return per unit of downside risk	3.60	2.96	+0.64
Omega ratio Gain probability vs. loss probability	1.49	1.38	+0.11
Calmar ratio Return relative to maximum drawdown	3.52	2.88	+0.63
Martin ratio Return relative to average drawdown	13.34	12.79	+0.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMSQX vs. EQTIX - Sharpe Ratio Comparison

The current EMSQX Sharpe Ratio is 2.76, which is higher than the EQTIX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of EMSQX 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

	EMSQX	EQTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	2.12	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.70	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.47	+0.50

Drawdowns

EMSQX vs. EQTIX - Drawdown Comparison

The maximum EMSQX drawdown since its inception was -29.96%, smaller than the maximum EQTIX drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for EMSQX and EQTIX.

Drawdown Indicators

	EMSQX	EQTIX	Difference
Max Drawdown Largest peak-to-trough decline	-29.96%	-53.77%	+23.81%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-7.10%	-6.50%
Max Drawdown (3Y) Largest decline over 3 years	-14.66%	-17.03%	+2.37%
Max Drawdown (5Y) Largest decline over 5 years	-27.29%	-19.03%	-8.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.85%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.02%	-7.17%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	1.60%	+1.99%

Volatility

EMSQX vs. EQTIX - Volatility Comparison

Shelton Emerging Markets Fund (EMSQX) has a higher volatility of 6.74% compared to Shelton Equity Income Fund (EQTIX) at 2.19%. This indicates that EMSQX's price experiences larger fluctuations and is considered to be riskier than EQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMSQX	EQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	2.19%	+4.55%
Volatility (6M) Calculated over the trailing 6-month period	14.60%	7.61%	+6.99%
Volatility (1Y) Calculated over the trailing 1-year period	18.00%	9.61%	+8.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.58%	13.12%	+3.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	14.31%	+2.41%

EMSQX vs. EQTIX - Expense Ratio Comparison

EMSQX has a 1.77% expense ratio, which is higher than EQTIX's 0.72% expense ratio.

Dividends

EMSQX vs. EQTIX - Dividend Comparison

EMSQX's dividend yield for the trailing twelve months is around 13.33%, more than EQTIX's 8.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMSQX Shelton Emerging Markets Fund	13.33%	16.36%	7.85%	10.06%	1.52%	1.94%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%
EQTIX Shelton Equity Income Fund	8.38%	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 EMSQX and EQTIX in my portfolio?

EMSQX and EQTIX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMSQX or EQTIX?

EMSQX has higher volatility (6.74%) compared to EQTIX (2.19%). In terms of maximum drawdown, EMSQX dropped -29.96% vs EQTIX's -53.77%.

Which has better risk-adjusted returns?

EMSQX currently has the higher Sharpe Ratio (2.76 vs 2.12), 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.