COAGX vs. ICMUX

Last updated Jun 5, 2026

COAGX (Caldwell & Orkin - Gator Capital Long/Short Fund) and ICMUX (Intrepid Income Fund) are both mutual funds - COAGX is a Long-Short fund managed by Caldwell & Orkin, while ICMUX is a Multisector Bonds fund managed by Intrepid Funds. At a 0.26 correlation, their price movements are largely independent. COAGX charges 2.00%/yr vs 0.91%/yr for ICMUX.

Performance

COAGX vs. ICMUX - Performance Comparison

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

Returns By Period

COAGX

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

ICMUX

• 1D: -0.11%
• 1M: 0.59%
• YTD: 2.32%
• 6M: 2.81%
• 1Y: 8.15%
• 3Y*: 9.92%
• 5Y*: 6.25%
• 10Y*: 5.88%

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

COAGX vs. ICMUX - 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%
ICMUX Intrepid Income Fund	2.32%	8.16%	10.43%	10.90%	-3.17%	10.02%	8.77%	4.65%	0.53%	3.79%

Correlation

The correlation between COAGX and ICMUX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Aug 17, 2010	0.26

Return for Risk

COAGX vs. ICMUX — Risk / Return Rank

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

ICMUX

ICMUX Risk / Return Rank: 97
ICMUX Sharpe Ratio Rank: 99
ICMUX Sortino Ratio Rank: 98
ICMUX Omega Ratio Rank: 98
ICMUX Calmar Ratio Rank: 96
ICMUX Martin Ratio Rank: 95

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. ICMUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and Intrepid Income Fund (ICMUX). 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	ICMUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.30	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.35	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	2.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.09	—

Drawdowns

Drawdown Indicators

	COAGX	ICMUX	Difference
Max Drawdown Largest peak-to-trough decline	—	-8.77%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.34%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-8.77%	—
Current Drawdown Current decline from peak	—	-0.11%	—
Average Drawdown Average peak-to-trough decline	—	-0.74%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.38%	—

Volatility

Volatility by Period

	COAGX	ICMUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.93%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	2.67%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	2.58%	—

COAGX vs. ICMUX - Expense Ratio Comparison

COAGX has a 2.00% expense ratio, which is higher than ICMUX's 0.91% expense ratio.

Dividends

COAGX vs. ICMUX - Dividend Comparison

COAGX has not paid dividends to shareholders, while ICMUX's dividend yield for the trailing twelve months is around 7.55%.

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%
ICMUX Intrepid Income Fund	7.55%	7.96%	7.85%	9.10%	8.17%	5.99%	5.56%	3.35%	3.07%	2.86%	3.01%	3.53%

Frequently Asked Questions

Can I hold both COAGX and ICMUX in my portfolio?

COAGX and ICMUX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.