CRIHX vs. COAGX

Last updated Aug 1, 2026

CRIHX (CRM Long/Short Opportunities Fund) and COAGX (Gator Capital Long/Short Fund) are both Long-Short funds. Their 0.62 correlation means they have sometimes moved together and sometimes differently. CRIHX charges 1.60%/yr vs 2.00%/yr for COAGX.

Performance

CRIHX vs. COAGX - Performance Comparison

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

Returns By Period

CRIHX

• 1D: 0.22%
• 1M: -3.32%
• 6M: 3.79%
• YTD: 7.80%
• 1Y: 15.05%
• 3Y*: 7.53%
• 5Y*: 5.91%
• 10Y*: —
• ALL TIME*: 5.68%

COAGX

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

*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)
CRIHX CRM Long/Short Opportunities Fund	$0.00	$0.00	$0.00

CRIHX vs. COAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRIHX CRM Long/Short Opportunities Fund	7.80%	-1.55%	17.72%	6.06%	-4.24%	5.91%	20.44%	12.95%	-8.43%	4.49%
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%

Correlation

The correlation between CRIHX and COAGX is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.60
Correlation (All Time) Calculated using the full available price history since Aug 22, 2016	0.62

Over the past year, the correlation between CRIHX and COAGX has dropped to 0.40 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Return for Risk

CRIHX vs. COAGX — Risk / Return Rank

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

CRIHX

CRIHX Risk / Return Rank: 30
CRIHX Sharpe Ratio Rank: 29
CRIHX Sortino Ratio Rank: 31
CRIHX Omega Ratio Rank: 28
CRIHX Calmar Ratio Rank: 35
CRIHX Martin Ratio Rank: 29

COAGX

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

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.

CRIHX vs. COAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CRM Long/Short Opportunities Fund (CRIHX) and Gator Capital Long/Short Fund (COAGX). 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.

	CRIHX	COAGX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	—	—
Sortino ratio: Return per unit of downside risk	1.49	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.51	—	—
Martin ratio: Return relative to average drawdown	4.19	—	—

Drawdowns

Drawdown Indicators

	CRIHX	COAGX	Difference
Max Drawdown Largest peak-to-trough decline	-21.33%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.07%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	—	—
Current Drawdown Current decline from peak	-7.32%	—	—
Average Drawdown Average peak-to-trough decline	-4.10%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	—	—

Volatility

Volatility by Period

	CRIHX	COAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.21%	—	—

CRIHX vs. COAGX - Expense Ratio Comparison

CRIHX has a 1.60% expense ratio, which is lower than COAGX's 2.00% expense ratio.

Dividends

CRIHX vs. COAGX - Dividend Comparison

Neither CRIHX nor COAGX has paid dividends to shareholders.

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%
CRIHX CRM Long/Short Opportunities Fund	0.00%	0.00%	8.11%	2.32%	1.55%	0.75%	8.83%	0.03%	1.75%	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRIHX and COAGX in my portfolio?

CRIHX and COAGX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.