COAGX vs. GTAPX

Last updated Aug 1, 2026

COAGX (Gator Capital Long/Short Fund) and GTAPX (Quantitative U.S. Long/Short Equity Portfolio) are both Long-Short funds. Their 0.47 correlation means their historical movements had little consistent relationship. COAGX charges 2.00%/yr vs 1.25%/yr for GTAPX.

Performance

COAGX vs. GTAPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gator Capital Long/Short Fund (COAGX) and Quantitative U.S. Long/Short Equity Portfolio (GTAPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COAGX

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

GTAPX

• 1D: 0.21%
• 1M: 5.25%
• 6M: 7.39%
• YTD: 9.72%
• 1Y: 18.62%
• 3Y*: 11.96%
• 5Y*: 9.97%
• 10Y*: 6.13%
• ALL TIME*: 4.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GTAPX Quantitative U.S. Long/Short Equity Portfolio	$0.00	$0.00	$0.00

COAGX vs. GTAPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COAGX 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%
GTAPX Quantitative U.S. Long/Short Equity Portfolio	9.72%	12.79%	13.28%	4.42%	3.16%	17.72%	-5.16%	3.26%	-8.65%	8.74%

Correlation

The correlation between COAGX and GTAPX is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (3Y) Balances recent behavior with more history.	0.43
Correlation (5Y) Shows whether the relationship held over a longer period.	0.52
Correlation (10Y) Provides a long-term view across more market conditions.	0.61
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.47

Over the past year, the correlation between COAGX and GTAPX has dropped to 0.22 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

COAGX vs. GTAPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

COAGX

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

GTAPX

GTAPX Risk / Return Rank: 96
GTAPX Sharpe Ratio Rank: 96
GTAPX Sortino Ratio Rank: 96
GTAPX Omega Ratio Rank: 90
GTAPX Calmar Ratio Rank: 98
GTAPX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

COAGX vs. GTAPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gator Capital Long/Short Fund (COAGX) and Quantitative U.S. Long/Short Equity Portfolio (GTAPX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	COAGX	GTAPX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.75	—
Sortino ratio: Return per unit of downside risk	—	4.17	—
Omega ratio: Gain probability vs. loss probability	—	1.50	—
Calmar ratio: Return relative to maximum drawdown	—	6.37	—
Martin ratio: Return relative to average drawdown	—	20.02	—

Drawdowns

Drawdown Indicators

	COAGX	GTAPX	Difference
Max Drawdown Largest peak-to-trough decline	—	-30.40%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.40%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-6.98%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.95%	—

Volatility

Volatility by Period

	COAGX	GTAPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	6.96%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	10.89%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	10.24%	—

COAGX vs. GTAPX - Expense Ratio Comparison

COAGX has a 2.00% expense ratio, which is higher than GTAPX's 1.25% expense ratio.

Dividends

COAGX vs. GTAPX - Dividend Comparison

COAGX has not paid dividends to shareholders, while GTAPX's dividend yield for the trailing twelve months is around 14.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COAGX 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%
GTAPX Quantitative U.S. Long/Short Equity Portfolio	14.99%	16.63%	11.79%	11.23%	0.00%	0.00%	0.00%	0.96%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COAGX and GTAPX in my portfolio?

COAGX and GTAPX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.