EQTIX vs. HRCPX

Last updated Jun 4, 2026

EQTIX (Shelton Equity Income Fund) and HRCPX (Carillon ClariVest Capital Appreciation Fund) are both mutual funds - EQTIX is a Derivative Income fund managed by Shelton Capital Management, while HRCPX is a Large Cap Growth Equities fund managed by Carillon Family of Funds. Over the past 10 years, EQTIX returned 9.78%/yr vs 17.85%/yr for HRCPX. Their correlation of 0.84 suggests significant overlap in exposure. EQTIX charges 0.72%/yr vs 1.00%/yr for HRCPX.

Performance

EQTIX vs. HRCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shelton Equity Income Fund (EQTIX) and Carillon ClariVest Capital Appreciation Fund (HRCPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQTIX achieves a 9.64% return, which is significantly lower than HRCPX's 11.31% return. Over the past 10 years, EQTIX has underperformed HRCPX with an annualized return of 9.78%, while HRCPX has yielded a comparatively higher 17.85% annualized return.

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%

HRCPX

• 1D: -0.39%
• 1M: 6.57%
• YTD: 11.31%
• 6M: 11.54%
• 1Y: 33.82%
• 3Y*: 28.69%
• 5Y*: 17.06%
• 10Y*: 17.85%

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

EQTIX vs. HRCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
HRCPX Carillon ClariVest Capital Appreciation Fund	11.31%	23.00%	35.17%	39.55%	-29.18%	30.55%	28.89%	31.50%	-7.37%	31.43%

Correlation

The correlation between EQTIX and HRCPX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Sep 5, 1996	0.84

The correlation between EQTIX and HRCPX has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

Return for Risk

EQTIX vs. HRCPX — Risk / Return Rank

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

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

HRCPX

HRCPX Risk / Return Rank: 50
HRCPX Sharpe Ratio Rank: 58
HRCPX Sortino Ratio Rank: 50
HRCPX Omega Ratio Rank: 49
HRCPX Calmar Ratio Rank: 46
HRCPX Martin Ratio Rank: 46

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.

EQTIX vs. HRCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shelton Equity Income Fund (EQTIX) and Carillon ClariVest Capital Appreciation Fund (HRCPX). 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.

	EQTIX	HRCPX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.24	-0.14
Sortino ratio: Return per unit of downside risk	2.93	2.99	-0.06
Omega ratio: Gain probability vs. loss probability	1.38	1.38	-0.01
Calmar ratio: Return relative to maximum drawdown	2.83	2.59	+0.24
Martin ratio: Return relative to average drawdown	12.54	9.67	+2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQTIX vs. HRCPX - Sharpe Ratio Comparison

The current EQTIX Sharpe Ratio is 2.10, which is comparable to the HRCPX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of EQTIX and HRCPX, 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

	EQTIX	HRCPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.24	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.80	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.84	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.60	-0.13

Drawdowns

EQTIX vs. HRCPX - Drawdown Comparison

The maximum EQTIX drawdown since its inception was -53.77%, smaller than the maximum HRCPX drawdown of -56.83%. Use the drawdown chart below to compare losses from any high point for EQTIX and HRCPX.

Drawdown Indicators

	EQTIX	HRCPX	Difference
Max Drawdown Largest peak-to-trough decline	-53.77%	-56.83%	+3.06%
Max Drawdown (1Y) Largest decline over 1 year	-7.10%	-13.43%	+6.33%
Max Drawdown (3Y) Largest decline over 3 years	-17.03%	-23.28%	+6.25%
Max Drawdown (5Y) Largest decline over 5 years	-19.03%	-31.75%	+12.72%
Max Drawdown (10Y) Largest decline over 10 years	-29.85%	-31.85%	+2.00%
Current Drawdown Current decline from peak	0.00%	-0.39%	+0.39%
Average Drawdown Average peak-to-trough decline	-7.17%	-9.16%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	3.59%	-1.99%

Volatility

EQTIX vs. HRCPX - Volatility Comparison

The current volatility for Shelton Equity Income Fund (EQTIX) is 2.19%, while Carillon ClariVest Capital Appreciation Fund (HRCPX) has a volatility of 3.59%. This indicates that EQTIX experiences smaller price fluctuations and is considered to be less risky than HRCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQTIX	HRCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	3.59%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	11.63%	-4.04%
Volatility (1Y) Calculated over the trailing 1-year period	9.59%	15.59%	-6.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.12%	21.43%	-8.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.31%	21.20%	-6.89%

EQTIX vs. HRCPX - Expense Ratio Comparison

EQTIX has a 0.72% expense ratio, which is lower than HRCPX's 1.00% expense ratio.

Dividends

EQTIX vs. HRCPX - Dividend Comparison

EQTIX's dividend yield for the trailing twelve months is around 8.37%, more than HRCPX's 3.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
HRCPX Carillon ClariVest Capital Appreciation Fund	3.70%	4.11%	12.74%	11.75%	21.31%	6.96%	15.23%	1.57%	10.41%	6.44%	6.36%	15.16%

Frequently Asked Questions

Can I hold both EQTIX and HRCPX in my portfolio?

EQTIX and HRCPX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQTIX or HRCPX?

HRCPX has higher volatility (3.59%) compared to EQTIX (2.19%). In terms of maximum drawdown, EQTIX dropped -53.77% vs HRCPX's -56.83%.

Which has better risk-adjusted returns?

HRCPX currently has the higher Sharpe Ratio (2.24 vs 2.10), 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.