SCAUX vs. EQTIX

Last updated Jun 24, 2026

SCAUX (Invesco Income Advantage U.S. Fund) and EQTIX (Shelton Equity Income Fund) are both Derivative Income funds. Over the past 10 years, SCAUX returned 7.99%/yr vs 9.98%/yr for EQTIX. Their correlation of 0.92 suggests significant overlap in exposure. SCAUX charges 1.05%/yr vs 0.72%/yr for EQTIX.

Performance

SCAUX vs. EQTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Income Advantage U.S. Fund (SCAUX) 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, SCAUX achieves a 6.50% return, which is significantly lower than EQTIX's 8.64% return. Over the past 10 years, SCAUX has underperformed EQTIX with an annualized return of 7.99%, while EQTIX has yielded a comparatively higher 9.98% annualized return.

SCAUX

• 1D: -0.32%
• 1M: 0.08%
• YTD: 6.50%
• 6M: 5.89%
• 1Y: 19.16%
• 3Y*: 16.31%
• 5Y*: 10.05%
• 10Y*: 7.99%

EQTIX

• 1D: 0.05%
• 1M: 1.55%
• YTD: 8.64%
• 6M: 8.08%
• 1Y: 17.55%
• 3Y*: 14.54%
• 5Y*: 9.21%
• 10Y*: 9.98%

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

SCAUX vs. EQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCAUX Invesco Income Advantage U.S. Fund	6.50%	16.51%	17.88%	17.29%	-13.43%	22.41%	-3.24%	12.27%	-9.31%	15.85%
EQTIX Shelton Equity Income Fund	8.64%	8.84%	17.18%	17.17%	-10.28%	23.76%	6.87%	17.66%	-10.00%	13.57%

Correlation

The correlation between SCAUX and EQTIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.92

The correlation between SCAUX and EQTIX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

SCAUX vs. EQTIX — Risk / Return Rank

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

SCAUX

SCAUX Risk / Return Rank: 63
SCAUX Sharpe Ratio Rank: 59
SCAUX Sortino Ratio Rank: 54
SCAUX Omega Ratio Rank: 61
SCAUX Calmar Ratio Rank: 61
SCAUX Martin Ratio Rank: 80

EQTIX

EQTIX Risk / Return Rank: 47
EQTIX Sharpe Ratio Rank: 44
EQTIX Sortino Ratio Rank: 41
EQTIX Omega Ratio Rank: 42
EQTIX Calmar Ratio Rank: 50
EQTIX Martin Ratio Rank: 60

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.

SCAUX vs. EQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Income Advantage U.S. Fund (SCAUX) 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.

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.

	SCAUX	EQTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.80	+0.27
Sortino ratio: Return per unit of downside risk	2.83	2.48	+0.35
Omega ratio: Gain probability vs. loss probability	1.40	1.32	+0.07
Calmar ratio: Return relative to maximum drawdown	2.86	2.60	+0.27
Martin ratio: Return relative to average drawdown	13.96	11.22	+2.74

SCAUX vs. EQTIX - Sharpe Ratio Comparison

The current SCAUX Sharpe Ratio is 2.08, which is comparable to the EQTIX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of SCAUX 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.

Drawdowns

SCAUX vs. EQTIX - Drawdown Comparison

The maximum SCAUX drawdown since its inception was -54.56%, roughly equal to the maximum EQTIX drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for SCAUX and EQTIX.

Drawdown Indicators

	SCAUX	EQTIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.56%	-53.77%	-0.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.05%	-7.10%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-15.51%	-17.03%	+1.52%
Max Drawdown (5Y) Largest decline over 5 years	-19.92%	-19.03%	-0.89%
Max Drawdown (10Y) Largest decline over 10 years	-37.81%	-29.85%	-7.96%
Current Drawdown Current decline from peak	-1.18%	-0.92%	-0.26%
Average Drawdown Average peak-to-trough decline	-9.45%	-7.16%	-2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	1.64%	-0.20%

Volatility

SCAUX vs. EQTIX - Volatility Comparison

The current volatility for Invesco Income Advantage U.S. Fund (SCAUX) is 3.67%, while Shelton Equity Income Fund (EQTIX) has a volatility of 4.19%. This indicates that SCAUX experiences smaller price fluctuations and is considered to be less risky than EQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCAUX	EQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	4.19%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	7.83%	8.37%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	9.75%	10.26%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.11%	13.19%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.37%	14.34%	+1.03%

SCAUX vs. EQTIX - Expense Ratio Comparison

SCAUX has a 1.05% expense ratio, which is higher than EQTIX's 0.72% expense ratio.

Dividends

SCAUX vs. EQTIX - Dividend Comparison

SCAUX's dividend yield for the trailing twelve months is around 6.06%, less than EQTIX's 8.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQTIX Shelton Equity Income Fund	8.45%	7.62%	9.51%	9.25%	9.83%	11.98%	24.62%	4.89%	23.96%	14.65%	16.02%	3.33%
SCAUX Invesco Income Advantage U.S. Fund	6.06%	5.81%	6.34%	6.59%	6.66%	12.79%	1.57%	1.39%	3.17%	2.25%	2.69%	3.33%

Frequently Asked Questions

Can I hold both SCAUX and EQTIX in my portfolio?

With a correlation of 0.92, SCAUX and EQTIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SCAUX or EQTIX?

EQTIX has higher volatility (4.19%) compared to SCAUX (3.67%). In terms of maximum drawdown, SCAUX dropped -54.56% vs EQTIX's -53.77%.

Which has better risk-adjusted returns?

SCAUX currently has the higher Sharpe Ratio (2.08 vs 1.80), 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.