COAGX vs. AVALX

Last updated Jun 3, 2026

COAGX (Caldwell & Orkin - Gator Capital Long/Short Fund) and AVALX (Aegis Value Fund) are both mutual funds - COAGX is a Long-Short fund managed by Caldwell & Orkin, while AVALX is a Small Cap Value Equities fund managed by Aegis. At a 0.23 correlation, their price movements are largely independent. COAGX charges 2.00%/yr vs 1.50%/yr for AVALX.

Performance

COAGX vs. AVALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and Aegis Value Fund (AVALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COAGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVALX

• 1D: 1.28%
• 1M: 1.25%
• YTD: 21.92%
• 6M: 24.36%
• 1Y: 58.85%
• 3Y*: 34.33%
• 5Y*: 21.88%
• 10Y*: 20.56%

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

COAGX vs. AVALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	3.61%	17.44%	35.58%	31.98%	-7.18%	27.17%	11.06%	24.20%	-15.53%	0.93%
AVALX Aegis Value Fund	21.92%	67.06%	8.29%	13.11%	10.50%	37.67%	18.89%	25.67%	-16.95%	17.37%

Correlation

The correlation between COAGX and AVALX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since May 18, 1998	0.23

The correlation between COAGX and AVALX shifts across timeframes, from 0.18 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

COAGX vs. AVALX — Risk / Return Rank

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

AVALX

AVALX Risk / Return Rank: 94
AVALX Sharpe Ratio Rank: 97
AVALX Sortino Ratio Rank: 91
AVALX Omega Ratio Rank: 89
AVALX Calmar Ratio Rank: 97
AVALX Martin Ratio Rank: 97

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.

COAGX vs. AVALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and Aegis Value Fund (AVALX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	COAGX	AVALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.66	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.54	—

Drawdowns

Drawdown Indicators

	COAGX	AVALX	Difference
Max Drawdown Largest peak-to-trough decline	—	-73.72%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.32%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.34%	—
Current Drawdown Current decline from peak	—	-0.64%	—
Average Drawdown Average peak-to-trough decline	—	-10.95%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.35%	—

Volatility

Volatility by Period

	COAGX	AVALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.77%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.22%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.17%	—

COAGX vs. AVALX - Expense Ratio Comparison

COAGX has a 2.00% expense ratio, which is higher than AVALX's 1.50% expense ratio.

Dividends

COAGX vs. AVALX - Dividend Comparison

COAGX has not paid dividends to shareholders, while AVALX's dividend yield for the trailing twelve months is around 1.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVALX Aegis Value Fund	1.92%	2.34%	7.07%	2.23%	0.16%	0.00%	6.62%	2.36%	6.18%	0.00%	1.45%	0.04%
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	0.00%	0.00%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.81%

Frequently Asked Questions

Can I hold both COAGX and AVALX in my portfolio?

COAGX and AVALX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.