TCBIX vs. EQTIX

Last updated Jun 4, 2026

TCBIX (The Covered Bridge Fund) and EQTIX (Shelton Equity Income Fund) are both Derivative Income funds. Over the past 10 years, TCBIX returned 7.94%/yr vs 9.78%/yr for EQTIX. Their correlation of 0.83 suggests significant overlap in exposure. TCBIX charges 1.40%/yr vs 0.72%/yr for EQTIX.

Performance

TCBIX vs. EQTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Covered Bridge Fund (TCBIX) 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, TCBIX achieves a 11.04% return, which is significantly higher than EQTIX's 9.64% return. Over the past 10 years, TCBIX has underperformed EQTIX with an annualized return of 7.94%, while EQTIX has yielded a comparatively higher 9.78% annualized return.

TCBIX

• 1D: 0.10%
• 1M: 3.71%
• YTD: 11.04%
• 6M: 10.90%
• 1Y: 21.98%
• 3Y*: 11.50%
• 5Y*: 6.57%
• 10Y*: 7.94%

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%

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

TCBIX vs. EQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TCBIX The Covered Bridge Fund	11.04%	12.61%	4.09%	4.09%	0.05%	18.21%	-1.71%	18.73%	-3.93%	9.66%
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%

Correlation

The correlation between TCBIX and EQTIX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Oct 4, 2013	0.83

The correlation between TCBIX and EQTIX shifts across timeframes, from 0.65 (3 years) to 0.83 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TCBIX vs. EQTIX — Risk / Return Rank

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

TCBIX

TCBIX Risk / Return Rank: 82
TCBIX Sharpe Ratio Rank: 82
TCBIX Sortino Ratio Rank: 85
TCBIX Omega Ratio Rank: 75
TCBIX Calmar Ratio Rank: 88
TCBIX Martin Ratio Rank: 81

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

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.

TCBIX vs. EQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Covered Bridge Fund (TCBIX) 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.

	TCBIX	EQTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.67	2.10	+0.57
Sortino ratio: Return per unit of downside risk	4.03	2.93	+1.10
Omega ratio: Gain probability vs. loss probability	1.49	1.38	+0.12
Calmar ratio: Return relative to maximum drawdown	4.39	2.83	+1.55
Martin ratio: Return relative to average drawdown	15.12	12.54	+2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCBIX vs. EQTIX - Sharpe Ratio Comparison

The current TCBIX Sharpe Ratio is 2.67, which is comparable to the EQTIX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of TCBIX 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

	TCBIX	EQTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	2.10	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.70	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.69	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.47	+0.09

Drawdowns

TCBIX vs. EQTIX - Drawdown Comparison

The maximum TCBIX drawdown since its inception was -28.94%, smaller than the maximum EQTIX drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for TCBIX and EQTIX.

Drawdown Indicators

	TCBIX	EQTIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.94%	-53.77%	+24.83%
Max Drawdown (1Y) Largest decline over 1 year	-5.26%	-7.10%	+1.84%
Max Drawdown (3Y) Largest decline over 3 years	-12.73%	-17.03%	+4.30%
Max Drawdown (5Y) Largest decline over 5 years	-17.07%	-19.03%	+1.96%
Max Drawdown (10Y) Largest decline over 10 years	-28.94%	-29.85%	+0.91%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.48%	-7.17%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	1.60%	-0.08%

Volatility

TCBIX vs. EQTIX - Volatility Comparison

The Covered Bridge Fund (TCBIX) and Shelton Equity Income Fund (EQTIX) have volatilities of 2.29% and 2.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCBIX	EQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	2.19%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	5.86%	7.59%	-1.73%
Volatility (1Y) Calculated over the trailing 1-year period	8.64%	9.59%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.16%	13.12%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.55%	14.31%	-0.76%

TCBIX vs. EQTIX - Expense Ratio Comparison

TCBIX has a 1.40% expense ratio, which is higher than EQTIX's 0.72% expense ratio.

Dividends

TCBIX vs. EQTIX - Dividend Comparison

TCBIX's dividend yield for the trailing twelve months is around 7.97%, less than EQTIX's 8.37% 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%
TCBIX The Covered Bridge Fund	7.97%	8.24%	7.47%	7.34%	8.09%	6.00%	4.70%	6.77%	11.55%	7.32%	7.32%	5.36%

Frequently Asked Questions

Can I hold both TCBIX and EQTIX in my portfolio?

TCBIX and EQTIX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TCBIX or EQTIX?

TCBIX has higher volatility (2.29%) compared to EQTIX (2.19%). In terms of maximum drawdown, TCBIX dropped -28.94% vs EQTIX's -53.77%.

Which has better risk-adjusted returns?

TCBIX currently has the higher Sharpe Ratio (2.67 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.