EQTIX vs. PHYSX
EQTIX (Shelton Equity Income Fund) and PHYSX (PIA High Yield Fund) are both mutual funds - EQTIX is a Derivative Income fund managed by Shelton, while PHYSX is a High Yield Bonds fund managed by PIA Mutual Funds. Over the past 10 years, EQTIX returned 9.48%/yr vs 5.09%/yr for PHYSX. Their 0.24 correlation means their historical movements had little consistent relationship. EQTIX charges 0.72%/yr vs 0.86%/yr for PHYSX.
Performance
EQTIX vs. PHYSX - Performance Comparison
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Returns By Period
In the year-to-date period, EQTIX achieves a 9.12% return, which is significantly higher than PHYSX's 1.05% return. Over the past 10 years, EQTIX has outperformed PHYSX with an annualized return of 9.48%, while PHYSX has yielded a comparatively lower 5.09% annualized return.
EQTIX
- 1D
- 0.50%
- 1M
- 0.50%
- 6M
- 7.38%
- YTD
- 9.12%
- 1Y
- 16.44%
- 3Y*
- 13.39%
- 5Y*
- 9.06%
- 10Y*
- 9.48%
- ALL TIME*
- 7.96%
PHYSX
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 0.17%
- YTD
- 1.05%
- 1Y
- 1.82%
- 3Y*
- 6.16%
- 5Y*
- 3.36%
- 10Y*
- 5.09%
- ALL TIME*
- 7.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
PHYSX PIA High Yield Fund | $0.00 | $0.00 | $0.00 |
EQTIX vs. PHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQTIX Shelton Equity Income Fund | 9.12% | 8.84% | 17.18% | 17.17% | -10.28% | 23.76% | 6.87% | 17.66% | -10.00% | 13.57% |
PHYSX PIA High Yield Fund | 1.05% | 1.82% | 10.33% | 16.17% | -11.70% | 7.36% | 8.03% | 11.06% | -2.77% | 8.04% |
Correlation
The correlation between EQTIX and PHYSX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 1999 | 0.24 |
Over the past year, EQTIX and PHYSX have become more correlated (0.53) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
EQTIX vs. PHYSX — Risk / Return Rank
EQTIX
PHYSX
EQTIX vs. PHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Equity Income Fund (EQTIX) and PIA High Yield Fund (PHYSX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EQTIX | PHYSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.39 | +1.78 |
| Martin ratioReturn relative to average drawdown | 9.17 | 1.13 | +8.04 |
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Drawdowns
EQTIX vs. PHYSX - Drawdown Comparison
The maximum EQTIX drawdown since its inception was -53.77%, which is greater than PHYSX's maximum drawdown of -24.10%. Use the drawdown chart below to compare losses from any high point for EQTIX and PHYSX.
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Drawdown Indicators
| EQTIX | PHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.77% | -24.10% | -29.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -3.82% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -6.11% | -10.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.03% | -13.99% | -5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -29.85% | -19.86% | -9.99% |
Current DrawdownCurrent decline from peak | -0.93% | -0.29% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -1.87% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.30% | +0.37% |
Volatility
EQTIX vs. PHYSX - Volatility Comparison
Shelton Equity Income Fund (EQTIX) has a higher volatility of 3.16% compared to PIA High Yield Fund (PHYSX) at 0.53%. This indicates that EQTIX's price experiences larger fluctuations and is considered to be riskier than PHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQTIX | PHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 0.53% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 2.62% | +6.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.60% | 3.26% | +7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.17% | 4.07% | +9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.27% | 4.08% | +10.19% |
EQTIX vs. PHYSX - Expense Ratio Comparison
EQTIX has a 0.72% expense ratio, which is lower than PHYSX's 0.86% expense ratio.
Dividends
EQTIX vs. PHYSX - Dividend Comparison
EQTIX's dividend yield for the trailing twelve months is around 8.65%, more than PHYSX's 6.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQTIX Shelton Equity Income Fund | 8.65% | 7.62% | 9.51% | 9.25% | 9.83% | 11.98% | 24.62% | 4.89% | 23.96% | 14.65% | 16.02% | 3.33% |
PHYSX PIA High Yield Fund | 6.66% | 8.44% | 7.66% | 7.12% | 7.60% | 6.14% | 6.31% | 6.76% | 6.51% | 6.37% | 6.10% | 6.40% |
Frequently Asked Questions
EQTIX and PHYSX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQTIX has higher volatility (3.16%) compared to PHYSX (0.53%). In terms of maximum drawdown, EQTIX dropped -53.77% vs PHYSX's -24.10%.
EQTIX currently has the higher Sharpe Ratio (1.45 vs 0.45), 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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