Camelot Event-Driven Fund Institutional Class (EVDIX) 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 EVDIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EVDIX
EVDIX charges 1.74% annually. There are 12 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 | EVDIX vs GABCX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 1.01% | — | Feb 2001 | EVDIX vs EMAYX | |
| BlackRock Event Driven Equity Fund | 1.16% | — | Dec 2007 | EVDIX vs BILPX | |
| The Merger Fund Class I | 1.32% | — | Aug 2013 | EVDIX vs MERIX | |
| The Arbitrage Fund | 1.43% | — | Sep 2000 | EVDIX vs ARBFX |
Best Risk-Adjusted Alternatives to EVDIX
EVDIX has a PortfoliosLab risk / return rank of 43. There are 14 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 | EVDIX vs HMEZX | |
| The Merger Fund Class I | 98 | — | Aug 2013 | EVDIX vs MERIX | |
| Vivaldi Merger Arbitrage Fund Class I | 98 | — | Oct 2015 | EVDIX vs VARBX | |
| The Arbitrage Fund Class Institutional | 97 | — | Oct 2003 | EVDIX vs ARBNX | |
| The Merger Fund | 97 | — | Jan 1989 | EVDIX vs MERFX |
Top Performing EVDIX Alternatives (YTD)
EVDIX is at 3.13% YTD. There are 2 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 | EVDIX vs EMAYX | |
| Gabelli ABC Fund | 4.60% | — | May 1993 | EVDIX vs GABCX | |
| Camelot Event Driven Fund Class A | 3.02% | — | Nov 2003 | EVDIX vs EVDAX | |
| NexPoint Merger Arbitrage Fund | 1.72% | — | Aug 2016 | EVDIX vs HMEZX | |
| Water Island Event-Driven Fund | 1.64% | — | Sep 2010 | EVDIX vs AEDNX |
Lowest Volatility Alternatives to EVDIX
EVDIX has 5.40% 1-year volatility. There are 13 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 | EVDIX vs VARBX | |
| NexPoint Merger Arbitrage Fund | 1.23% | — | Aug 2016 | EVDIX vs HMEZX | |
| The Merger Fund Class I | 1.40% | — | Aug 2013 | EVDIX vs MERIX | |
| The Merger Fund | 1.43% | — | Jan 1989 | EVDIX vs MERFX | |
| Virtus Westchester Credit Event Fund | 1.67% | — | Dec 2017 | EVDIX vs WCFRX |
Lowest Drawdown Alternatives to EVDIX
EVDIX has a 1-year max drawdown of -2.33%. There are 12 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 | EVDIX vs MERIX | |
| The Merger Fund | -0.52% | — | Jan 1989 | EVDIX vs MERFX | |
| NexPoint Merger Arbitrage Fund | -0.55% | — | Aug 2016 | EVDIX vs HMEZX | |
| Vivaldi Merger Arbitrage Fund Class I | -0.64% | — | Oct 2015 | EVDIX vs VARBX | |
| The Arbitrage Fund | -0.88% | — | Sep 2000 | EVDIX vs ARBFX |
Often Compared With EVDIX
Investors most often compare EVDIX with DEVDX, GDL, DAMDX. These 5 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Driehaus Event Driven Fund | Event Driven | — | — | — | Aug 2013 | EVDIX vs DEVDX | |
| The GDL Fund | Event Driven | 23 | 1.21% | — | Jan 2007 | EVDIX vs GDL | |
| Dunham Monthly Distribution Fund | Event Driven | 96 | 1.28% | — | Jul 2008 | EVDIX vs DAMDX | |
| Virtus Westchester Event-Driven Fund | Event Driven | 70 | 1.55% | — | Jan 2014 | EVDIX vs WCEIX | |
| BlackRock Event Driven Equity Fund Investor Class ... | Event Driven | 53 | 1.22% | — | Dec 2007 | EVDIX vs BALPX |
Compare EVDIX with Any Fund or Stock
Compare EVDIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EVDIX with funds that move differently
Camelot Event-Driven Fund Institutional Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EVDIX.
Explore EVDIX Diversifiers