Camelot Event Driven Fund Class A (EVDAX) belongs to the Event Driven category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with EVDAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EVDAX
EVDAX charges 2.22% annually. There are 15 mutual funds in the Event Driven category with lower expense ratios, going as low as 0.79%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli ABC Fund | 0.79% | — | May 1993 | EVDAX vs GABCX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 1.01% | — | Feb 2001 | EVDAX vs EMAYX | |
| BlackRock Event Driven Equity Fund | 1.16% | — | Dec 2007 | EVDAX vs BILPX | |
| The Merger Fund Class I | 1.32% | — | Aug 2013 | EVDAX vs MERIX | |
| The Arbitrage Fund | 1.43% | — | Sep 2000 | EVDAX vs ARBFX |
Best Risk-Adjusted Alternatives to EVDAX
EVDAX has a PortfoliosLab risk / return rank of 41. There are 15 mutual funds in the Event Driven category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| NexPoint Merger Arbitrage Fund | 99 | — | Aug 2016 | EVDAX vs HMEZX | |
| The Merger Fund Class I | 98 | — | Aug 2013 | EVDAX vs MERIX | |
| Vivaldi Merger Arbitrage Fund Class I | 98 | — | Oct 2015 | EVDAX vs VARBX | |
| The Arbitrage Fund Class Institutional | 97 | — | Oct 2003 | EVDAX vs ARBNX | |
| The Merger Fund | 97 | — | Jan 1989 | EVDAX vs MERFX |
Top Performing EVDAX Alternatives (YTD)
EVDAX is at 3.02% YTD. There are 3 mutual funds in the Event Driven category with higher YTD returns, going as high as 7.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 7.89% | — | Feb 2001 | EVDAX vs EMAYX | |
| Gabelli ABC Fund | 4.60% | — | May 1993 | EVDAX vs GABCX | |
| Camelot Event-Driven Fund Institutional Class | 3.13% | — | Jun 2010 | EVDAX vs EVDIX | |
| NexPoint Merger Arbitrage Fund | 1.72% | — | Aug 2016 | EVDAX vs HMEZX | |
| Water Island Event-Driven Fund | 1.64% | — | Sep 2010 | EVDAX vs AEDNX |
Lowest Volatility Alternatives to EVDAX
EVDAX has 5.41% 1-year volatility. There are 14 mutual funds in the Event Driven category with lower 1-year volatility, going as low as 1.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 1.12% | — | Oct 2015 | EVDAX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 1.23% | — | Aug 2016 | EVDAX vs HMEZX | |
| The Merger Fund Class I | 1.40% | — | Aug 2013 | EVDAX vs MERIX | |
| The Merger Fund | 1.43% | — | Jan 1989 | EVDAX vs MERFX | |
| Virtus Westchester Credit Event Fund | 1.67% | — | Dec 2017 | EVDAX vs WCFRX |
Lowest Drawdown Alternatives to EVDAX
EVDAX has a 1-year max drawdown of -2.35%. There are 13 mutual funds in the Event Driven category with shallower 1-year drawdowns, going as shallow as -0.47%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| The Merger Fund Class I | -0.47% | — | Aug 2013 | EVDAX vs MERIX | |
| The Merger Fund | -0.52% | — | Jan 1989 | EVDAX vs MERFX | |
| NexPoint Merger Arbitrage Fund | -0.55% | — | Aug 2016 | EVDAX vs HMEZX | |
| Vivaldi Merger Arbitrage Fund Class I | -0.64% | — | Oct 2015 | EVDAX vs VARBX | |
| The Arbitrage Fund | -0.88% | — | Sep 2000 | EVDAX vs ARBFX |
Often Compared With EVDAX
Investors most often compare EVDAX with SPY, VOO, DAMDX. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 70 | 10.91% | 781.00B | Jan 1993 | EVDAX vs SPY | |
| Vanguard S&P 500 ETF | S&P 500 | 70 | 10.91% | 1.60T | Sep 2010 | EVDAX vs VOO | |
| Dunham Monthly Distribution Fund | Event Driven | 96 | 1.28% | — | Jul 2008 | EVDAX vs DAMDX | |
| The GDL Fund | Event Driven | 23 | 1.21% | — | Jan 2007 | EVDAX vs GDL | |
| Driehaus Event Driven Fund | Event Driven | — | — | — | Aug 2013 | EVDAX vs DEVDX | |
| Virtus Westchester Event-Driven Fund | Event Driven | 70 | 1.55% | — | Jan 2014 | EVDAX vs WCEIX | |
| BlackRock Event Driven Equity Fund Investor Class ... | Event Driven | 53 | 1.22% | — | Dec 2007 | EVDAX vs BALPX |
Compare EVDAX with Any Fund or Stock
Compare EVDAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EVDAX with funds that move differently
Camelot Event Driven Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EVDAX.
Explore EVDAX Diversifiers