USG vs. EQTIX

Last updated Jul 14, 2026

USG (USCF Gold Strategy Plus Income Fund) and EQTIX (Shelton Equity Income Fund) are both mutual funds - USG is a Gold fund actively managed by USCF, while EQTIX is a Derivative Income fund managed by Shelton Capital Management. Over the past 3 years, USG returned 22.67%/yr vs 14.71%/yr for EQTIX. At a 0.09 correlation, their price movements are largely independent. USG charges 0.45%/yr vs 0.72%/yr for EQTIX.

Performance

USG vs. EQTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Gold Strategy Plus Income Fund (USG) 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, USG achieves a -7.36% return, which is significantly lower than EQTIX's 10.15% return.

USG

• 1D: -2.30%
• 1M: -4.64%
• 6M: -12.74%
• YTD: -7.36%
• 1Y: 14.05%
• 3Y*: 22.67%
• 5Y*: —
• 10Y*: —

EQTIX

• 1D: 0.44%
• 1M: 1.94%
• 6M: 8.33%
• YTD: 10.15%
• 1Y: 16.71%
• 3Y*: 14.71%
• 5Y*: 9.16%
• 10Y*: 9.56%

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

USG vs. EQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
USG USCF Gold Strategy Plus Income Fund	-7.36%	52.02%	23.70%	8.49%	2.12%	3.50%
EQTIX Shelton Equity Income Fund	10.15%	8.84%	17.18%	17.17%	-10.28%	1.62%

Correlation

The correlation between USG and EQTIX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021	0.09

Over the past year, USG and EQTIX have become more correlated (0.30) than their long-term average of 0.09, meaning their price movements have been converging.

Return for Risk

USG vs. EQTIX — Risk / Return Rank

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

USG

USG Risk / Return Rank: 10
USG Sharpe Ratio Rank: 10
USG Sortino Ratio Rank: 10
USG Omega Ratio Rank: 13
USG Calmar Ratio Rank: 9
USG Martin Ratio Rank: 8

EQTIX

EQTIX Risk / Return Rank: 52
EQTIX Sharpe Ratio Rank: 49
EQTIX Sortino Ratio Rank: 46
EQTIX Omega Ratio Rank: 47
EQTIX Calmar Ratio Rank: 54
EQTIX Martin Ratio Rank: 65

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.

USG vs. EQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Gold Strategy Plus Income Fund (USG) 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.

	USG	EQTIX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.57	-1.00
Sortino ratio: Return per unit of downside risk	0.89	2.19	-1.29
Omega ratio: Gain probability vs. loss probability	1.13	1.28	-0.15
Calmar ratio: Return relative to maximum drawdown	0.57	2.28	-1.71
Martin ratio: Return relative to average drawdown	1.45	9.76	-8.30

USG vs. EQTIX - Sharpe Ratio Comparison

The current USG Sharpe Ratio is 0.57, which is lower than the EQTIX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of USG 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

USG vs. EQTIX - Drawdown Comparison

The maximum USG drawdown since its inception was -24.86%, smaller than the maximum EQTIX drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for USG and EQTIX.

Drawdown Indicators

	USG	EQTIX	Difference
Max Drawdown Largest peak-to-trough decline	-24.86%	-53.77%	+28.91%
Max Drawdown (1Y) Largest decline over 1 year	-24.86%	-7.10%	-17.76%
Max Drawdown (3Y) Largest decline over 3 years	-24.86%	-17.03%	-7.83%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.85%	—
Current Drawdown Current decline from peak	-24.30%	0.00%	-24.30%
Average Drawdown Average peak-to-trough decline	-4.72%	-7.15%	+2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.68%	1.66%	+8.02%

Volatility

USG vs. EQTIX - Volatility Comparison

USCF Gold Strategy Plus Income Fund (USG) has a higher volatility of 7.32% compared to Shelton Equity Income Fund (EQTIX) at 3.63%. This indicates that USG's price experiences larger fluctuations and is considered to be riskier than EQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USG	EQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	3.63%	+3.69%
Volatility (6M) Calculated over the trailing 6-month period	22.78%	8.44%	+14.34%
Volatility (1Y) Calculated over the trailing 1-year period	24.67%	10.29%	+14.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	13.17%	+3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	14.25%	+1.93%

USG vs. EQTIX - Expense Ratio Comparison

USG has a 0.45% expense ratio, which is lower than EQTIX's 0.72% expense ratio.

Dividends

USG vs. EQTIX - Dividend Comparison

USG's dividend yield for the trailing twelve months is around 30.08%, more than EQTIX's 8.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQTIX Shelton Equity Income Fund	8.57%	7.62%	9.51%	9.25%	9.83%	11.98%	24.62%	4.89%	23.96%	14.65%	16.02%	3.33%
USG USCF Gold Strategy Plus Income Fund	30.08%	27.33%	7.48%	8.16%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USG and EQTIX in my portfolio?

USG and EQTIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USG or EQTIX?

USG has higher volatility (7.32%) compared to EQTIX (3.63%). In terms of maximum drawdown, USG dropped -24.86% vs EQTIX's -53.77%.

Which has better risk-adjusted returns?

EQTIX currently has the higher Sharpe Ratio (1.57 vs 0.57), 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.