COAGX vs. GARIX

Last updated Jun 5, 2026

COAGX (Caldwell & Orkin - Gator Capital Long/Short Fund) and GARIX (Gotham Absolute Return Fund) are both Long-Short funds. A 0.54 correlation means they provide meaningful diversification when combined. COAGX charges 2.00%/yr vs 1.50%/yr for GARIX.

Performance

COAGX vs. GARIX - Performance Comparison

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

Returns By Period

COAGX

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

GARIX

• 1D: 0.29%
• 1M: 4.72%
• YTD: 11.60%
• 6M: 11.91%
• 1Y: 22.60%
• 3Y*: 19.89%
• 5Y*: 14.12%
• 10Y*: 9.94%

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

COAGX vs. GARIX - 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%
GARIX Gotham Absolute Return Fund	11.60%	16.18%	20.46%	17.70%	-5.04%	26.87%	-6.19%	11.50%	-4.86%	10.01%

Correlation

The correlation between COAGX and GARIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Sep 5, 2012	0.54

Over the past year, the correlation between COAGX and GARIX has dropped to 0.33 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

Return for Risk

COAGX vs. GARIX — Risk / Return Rank

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

GARIX

GARIX Risk / Return Rank: 88
GARIX Sharpe Ratio Rank: 87
GARIX Sortino Ratio Rank: 85
GARIX Omega Ratio Rank: 77
GARIX Calmar Ratio Rank: 95
GARIX Martin Ratio Rank: 96

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. GARIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and Gotham Absolute Return Fund (GARIX). 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	GARIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.85	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.75	—

Drawdowns

Drawdown Indicators

	COAGX	GARIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-26.49%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.49%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-4.52%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.91%	—

Volatility

Volatility by Period

	COAGX	GARIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	7.99%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.35%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.89%	—

COAGX vs. GARIX - Expense Ratio Comparison

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

Dividends

COAGX vs. GARIX - Dividend Comparison

COAGX has not paid dividends to shareholders, while GARIX's dividend yield for the trailing twelve months is around 6.43%.

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%
GARIX Gotham Absolute Return Fund	6.43%	7.18%	18.74%	5.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.36%

Frequently Asked Questions

Can I hold both COAGX and GARIX in my portfolio?

COAGX and GARIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.