COAGX vs. EMO

Last updated Jun 5, 2026

COAGX (Caldwell & Orkin - Gator Capital Long/Short Fund) and EMO (ClearBridge Energy Midstream Opportunity Fund) are both mutual funds - COAGX is a Long-Short fund managed by Caldwell & Orkin, while EMO is a MLPs fund actively managed by Franklin Templeton. At a 0.37 correlation, their price movements are largely independent. COAGX charges 2.00%/yr vs 13.90%/yr for EMO.

Performance

COAGX vs. EMO - Performance Comparison

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

Returns By Period

COAGX

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

EMO

• 1D: 0.50%
• 1M: -1.39%
• YTD: 16.39%
• 6M: 15.04%
• 1Y: 22.50%
• 3Y*: 32.55%
• 5Y*: 26.25%
• 10Y*: 6.75%

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

COAGX vs. EMO - 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%
EMO ClearBridge Energy Midstream Opportunity Fund	16.39%	7.38%	44.45%	31.76%	40.13%	74.70%	-64.47%	19.60%	-25.73%	0.07%

Correlation

The correlation between COAGX and EMO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jun 15, 2011	0.37

Over the past year, the correlation between COAGX and EMO has dropped to 0.06 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Return for Risk

COAGX vs. EMO — Risk / Return Rank

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

EMO

EMO Risk / Return Rank: 23
EMO Sharpe Ratio Rank: 22
EMO Sortino Ratio Rank: 22
EMO Omega Ratio Rank: 23
EMO Calmar Ratio Rank: 31
EMO Martin Ratio Rank: 17

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. EMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and ClearBridge Energy Midstream Opportunity Fund (EMO). 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	EMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.36	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.11	—

Drawdowns

Drawdown Indicators

	COAGX	EMO	Difference
Max Drawdown Largest peak-to-trough decline	—	-95.06%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.87%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-93.02%	—
Current Drawdown Current decline from peak	—	-6.17%	—
Average Drawdown Average peak-to-trough decline	—	-31.96%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.92%	—

Volatility

Volatility by Period

	COAGX	EMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.61%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	26.72%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	41.24%	—

COAGX vs. EMO - Expense Ratio Comparison

COAGX has a 2.00% expense ratio, which is lower than EMO's 13.90% expense ratio.

Dividends

COAGX vs. EMO - Dividend Comparison

COAGX has not paid dividends to shareholders, while EMO's dividend yield for the trailing twelve months is around 8.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
EMO ClearBridge Energy Midstream Opportunity Fund	8.57%	9.41%	7.16%	6.79%	6.71%	6.71%	15.82%	10.94%	16.39%	10.85%	9.76%	11.88%

Frequently Asked Questions

Can I hold both COAGX and EMO in my portfolio?

COAGX and EMO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.