EMSQX vs. NEXTX

Last updated Apr 2, 2026

Compare and contrast key facts about Shelton Emerging Markets Fund (EMSQX) and Shelton Green Alpha Fund (NEXTX).

EMSQX is managed by Shelton Capital Management. It was launched on Mar 19, 1997. NEXTX is managed by Shelton Capital Management. It was launched on Mar 12, 2013.

Performance

EMSQX vs. NEXTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shelton Emerging Markets Fund (EMSQX) and Shelton Green Alpha Fund (NEXTX). The values are adjusted to include any dividend payments, if applicable.

EMSQX vs. NEXTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EMSQX Shelton Emerging Markets Fund	3.82%	32.98%	3.45%	15.43%	-14.33%	0.77%	44.90%
NEXTX Shelton Green Alpha Fund	3.82%	11.33%	-2.54%	2.11%	-26.80%	2.59%	89.09%

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with EMSQX at 3.82% and NEXTX at 3.82%.

EMSQX

• 1D: 2.53%
• 1M: -9.27%
• YTD: 3.82%
• 6M: 7.05%
• 1Y: 33.61%
• 3Y*: 14.47%
• 5Y*: 7.02%
• 10Y*: —

NEXTX

• 1D: 2.47%
• 1M: -5.39%
• YTD: 3.82%
• 6M: -0.31%
• 1Y: 22.77%
• 3Y*: 2.63%
• 5Y*: -3.69%
• 10Y*: 10.73%

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

EMSQX vs. NEXTX - Expense Ratio Comparison

EMSQX has a 1.77% expense ratio, which is higher than NEXTX's 1.16% expense ratio.

EMSQX

Shelton Emerging Markets Fund

NEXTX

Shelton Green Alpha Fund

Return for Risk

EMSQX vs. NEXTX — Risk / Return Rank

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

EMSQX

EMSQX Risk / Return Rank: 85
EMSQX Sharpe Ratio Rank: 88
EMSQX Sortino Ratio Rank: 86
EMSQX Omega Ratio Rank: 81
EMSQX Calmar Ratio Rank: 85
EMSQX Martin Ratio Rank: 83

NEXTX

NEXTX Risk / Return Rank: 63
NEXTX Sharpe Ratio Rank: 63
NEXTX Sortino Ratio Rank: 65
NEXTX Omega Ratio Rank: 54
NEXTX Calmar Ratio Rank: 75
NEXTX Martin Ratio Rank: 58

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. NEXTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shelton Emerging Markets Fund (EMSQX) and Shelton Green Alpha Fund (NEXTX). 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	NEXTX	Difference
Sharpe ratio Return per unit of total volatility	1.89	1.19	+0.70
Sortino ratio Return per unit of downside risk	2.45	1.74	+0.71
Omega ratio Gain probability vs. loss probability	1.34	1.23	+0.11
Calmar ratio Return relative to maximum drawdown	2.40	1.87	+0.53
Martin ratio Return relative to average drawdown	9.39	6.02	+3.37
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. NEXTX - Sharpe Ratio Comparison

The current EMSQX Sharpe Ratio is 1.89, which is higher than the NEXTX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of EMSQX and NEXTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMSQX	NEXTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.19	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	-0.16	+0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.47	+0.35

Correlation

The correlation between EMSQX and NEXTX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EMSQX vs. NEXTX - Dividend Comparison

EMSQX's dividend yield for the trailing twelve months is around 15.76%, more than NEXTX's 0.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMSQX Shelton Emerging Markets Fund	15.76%	16.36%	7.85%	10.06%	1.52%	1.94%	0.18%	0.00%	0.00%	0.00%
NEXTX Shelton Green Alpha Fund	0.19%	0.20%	0.20%	0.20%	0.35%	4.65%	1.05%	0.21%	1.59%	2.88%

Drawdowns

EMSQX vs. NEXTX - Drawdown Comparison

The maximum EMSQX drawdown since its inception was -29.96%, smaller than the maximum NEXTX drawdown of -47.15%. Use the drawdown chart below to compare losses from any high point for EMSQX and NEXTX.

Drawdown Indicators

	EMSQX	NEXTX	Difference
Max Drawdown Largest peak-to-trough decline	-29.96%	-47.15%	+17.19%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-12.28%	-1.32%
Max Drawdown (5Y) Largest decline over 5 years	-27.29%	-47.15%	+19.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.15%	—
Current Drawdown Current decline from peak	-11.42%	-26.69%	+15.27%
Average Drawdown Average peak-to-trough decline	-8.16%	-15.29%	+7.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	3.82%	-0.34%

Volatility

EMSQX vs. NEXTX - Volatility Comparison

Shelton Emerging Markets Fund (EMSQX) has a higher volatility of 8.37% compared to Shelton Green Alpha Fund (NEXTX) at 5.76%. This indicates that EMSQX's price experiences larger fluctuations and is considered to be riskier than NEXTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMSQX	NEXTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.37%	5.76%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	13.62%	12.30%	+1.32%
Volatility (1Y) Calculated over the trailing 1-year period	18.68%	19.96%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	23.84%	-7.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	24.69%	-8.21%