EMAYX vs. MERIX
Compare and contrast key facts about Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) and The Merger Fund Class I (MERIX).
EMAYX is managed by Gabelli. It was launched on Feb 27, 2001. MERIX is managed by Virtus Investment Partners. It was launched on Aug 1, 2013.
Performance
EMAYX vs. MERIX - Performance Comparison
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EMAYX vs. MERIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMAYX Gabelli Enterprise Mergers and Acquisitions Fund | 2.42% | 21.17% | 4.10% | 5.96% | -8.78% | 9.83% | 5.29% | 7.71% | -2.78% | 5.61% |
MERIX The Merger Fund Class I | 0.59% | 8.41% | 3.54% | 4.51% | 1.01% | 0.10% | 5.14% | 6.32% | 7.98% | 2.74% |
Returns By Period
In the year-to-date period, EMAYX achieves a 2.42% return, which is significantly higher than MERIX's 0.59% return. Over the past 10 years, EMAYX has outperformed MERIX with an annualized return of 5.49%, while MERIX has yielded a comparatively lower 4.19% annualized return.
EMAYX
- 1D
- -0.05%
- 1M
- -4.32%
- YTD
- 2.42%
- 6M
- 6.81%
- 1Y
- 19.97%
- 3Y*
- 10.35%
- 5Y*
- 5.43%
- 10Y*
- 5.49%
MERIX
- 1D
- 0.06%
- 1M
- 0.06%
- YTD
- 0.59%
- 6M
- 2.05%
- 1Y
- 6.59%
- 3Y*
- 5.63%
- 5Y*
- 3.40%
- 10Y*
- 4.19%
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EMAYX vs. MERIX - Expense Ratio Comparison
EMAYX has a 1.01% expense ratio, which is lower than MERIX's 1.32% expense ratio.
Return for Risk
EMAYX vs. MERIX — Risk / Return Rank
EMAYX
MERIX
EMAYX vs. MERIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) and The Merger Fund Class I (MERIX). 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.
| EMAYX | MERIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 4.51 | -2.77 |
Sortino ratioReturn per unit of downside risk | 2.41 | 8.79 | -6.38 |
Omega ratioGain probability vs. loss probability | 1.34 | 2.18 | -0.84 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 14.49 | -12.48 |
Martin ratioReturn relative to average drawdown | 9.70 | 63.54 | -53.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMAYX | MERIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 4.51 | -2.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.94 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 1.09 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.94 | -0.51 |
Correlation
The correlation between EMAYX and MERIX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EMAYX vs. MERIX - Dividend Comparison
EMAYX's dividend yield for the trailing twelve months is around 4.11%, less than MERIX's 7.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMAYX Gabelli Enterprise Mergers and Acquisitions Fund | 4.11% | 4.21% | 0.00% | 3.00% | 0.80% | 6.84% | 0.24% | 1.80% | 5.52% | 1.24% | 0.00% | 0.00% |
MERIX The Merger Fund Class I | 7.91% | 7.95% | 3.75% | 2.91% | 4.75% | 0.27% | 3.64% | 1.34% | 4.85% | 0.98% | 0.89% | 1.63% |
Drawdowns
EMAYX vs. MERIX - Drawdown Comparison
The maximum EMAYX drawdown since its inception was -47.93%, which is greater than MERIX's maximum drawdown of -9.33%. Use the drawdown chart below to compare losses from any high point for EMAYX and MERIX.
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Drawdown Indicators
| EMAYX | MERIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.93% | -9.33% | -38.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -0.47% | -9.22% |
Max Drawdown (5Y)Largest decline over 5 years | -15.95% | -5.68% | -10.27% |
Max Drawdown (10Y)Largest decline over 10 years | -24.90% | -9.33% | -15.57% |
Current DrawdownCurrent decline from peak | -4.32% | -0.12% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -1.04% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 0.11% | +1.90% |
Volatility
EMAYX vs. MERIX - Volatility Comparison
Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) has a higher volatility of 3.19% compared to The Merger Fund Class I (MERIX) at 0.44%. This indicates that EMAYX's price experiences larger fluctuations and is considered to be riskier than MERIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMAYX | MERIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 0.44% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 0.95% | +5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 1.51% | +10.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 3.65% | +7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.50% | 3.86% | +6.64% |