COAGX vs. VMNIX

Last updated Apr 3, 2026

Compare and contrast key facts about Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and Vanguard Market Neutral Fund Institutional Shares (VMNIX).

COAGX is managed by Caldwell & Orkin. It was launched on Aug 23, 1992. VMNIX is managed by Vanguard. It was launched on Oct 19, 1998.

Performance

COAGX vs. VMNIX - Performance Comparison

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

COAGX vs. VMNIX - 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%
VMNIX Vanguard Market Neutral Fund Institutional Shares	6.48%	9.36%	5.84%	12.33%	13.47%	23.39%	-11.58%	-9.48%	0.66%	-4.83%

Returns By Period

COAGX

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

VMNIX

• 1D: 0.82%
• 1M: 3.44%
• YTD: 6.48%
• 6M: 9.89%
• 1Y: 16.04%
• 3Y*: 11.93%
• 5Y*: 12.60%
• 10Y*: 4.10%

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

COAGX vs. VMNIX - Expense Ratio Comparison

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

COAGX

Caldwell & Orkin - Gator Capital Long/Short Fund

VMNIX

Vanguard Market Neutral Fund Institutional Shares

Return for Risk

COAGX vs. VMNIX — Risk / Return Rank

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

VMNIX

VMNIX Risk / Return Rank: 90
VMNIX Sharpe Ratio Rank: 92
VMNIX Sortino Ratio Rank: 95
VMNIX Omega Ratio Rank: 86
VMNIX Calmar Ratio Rank: 94
VMNIX Martin Ratio Rank: 83

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. VMNIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and Vanguard Market Neutral Fund Institutional Shares (VMNIX). 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	VMNIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.31	—

Correlation

The correlation between COAGX and VMNIX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

COAGX vs. VMNIX - Dividend Comparison

COAGX has not paid dividends to shareholders, while VMNIX's dividend yield for the trailing twelve months is around 3.35%.

	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%
VMNIX Vanguard Market Neutral Fund Institutional Shares	3.35%	3.59%	5.67%	5.15%	0.78%	0.20%	0.86%	3.23%	1.00%	1.16%	0.45%	0.10%

Drawdowns

Drawdown Indicators

	COAGX	VMNIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-27.90%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.95%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-8.81%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.73%	—

Volatility

Volatility by Period

	COAGX	VMNIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	7.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	7.20%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	6.36%	—