EVDAX vs. BILPX

Last updated Aug 1, 2026

EVDAX (Camelot Event Driven Fund Class A) and BILPX (BlackRock Event Driven Equity Fund) are both Event Driven funds. Over the past 10 years, EVDAX returned 7.27%/yr vs 5.19%/yr for BILPX. Their 0.21 correlation means their historical movements had little consistent relationship. EVDAX charges 2.22%/yr vs 1.16%/yr for BILPX.

Performance

EVDAX vs. BILPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Camelot Event Driven Fund Class A (EVDAX) and BlackRock Event Driven Equity Fund (BILPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVDAX achieves a 3.30% return, which is significantly higher than BILPX's 3.08% return. Over the past 10 years, EVDAX has outperformed BILPX with an annualized return of 7.27%, while BILPX has yielded a comparatively lower 5.19% annualized return.

EVDAX

• 1D: -0.09%
• 1M: 1.28%
• 6M: 2.73%
• YTD: 3.30%
• 1Y: 6.53%
• 3Y*: 6.96%
• 5Y*: 6.09%
• 10Y*: 7.27%
• ALL TIME*: 3.14%

BILPX

• 1D: 0.00%
• 1M: -0.19%
• 6M: 3.37%
• YTD: 3.08%
• 1Y: 5.34%
• 3Y*: 6.65%
• 5Y*: 4.43%
• 10Y*: 5.19%
• ALL TIME*: 5.25%

*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)
BILPX BlackRock Event Driven Equity Fund	$0.00	$0.00	$0.00
EVDAX Camelot Event Driven Fund Class A	$0.00	$0.00	$0.00

EVDAX vs. BILPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVDAX Camelot Event Driven Fund Class A	3.30%	9.15%	7.93%	2.28%	3.59%	22.87%	18.83%	7.19%	0.00%	0.00%
BILPX BlackRock Event Driven Equity Fund	3.08%	8.43%	4.37%	5.38%	0.01%	1.95%	6.30%	7.29%	5.47%	7.15%

Correlation

The correlation between EVDAX and BILPX is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.33
Correlation (5Y) Shows whether the relationship held over a longer period.	0.50
Correlation (10Y) Provides a long-term view across more market conditions.	0.42
Correlation (All Time) Calculated using the full available price history since Dec 20, 2007	0.21

The correlation between EVDAX and BILPX shifts across timeframes, from 0.21 (all time) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

EVDAX vs. BILPX — Risk / Return Rank

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

EVDAX

EVDAX Risk / Return Rank: 52
EVDAX Sharpe Ratio Rank: 39
EVDAX Sortino Ratio Rank: 41
EVDAX Omega Ratio Rank: 36
EVDAX Calmar Ratio Rank: 83
EVDAX Martin Ratio Rank: 60

BILPX

BILPX Risk / Return Rank: 82
BILPX Sharpe Ratio Rank: 74
BILPX Sortino Ratio Rank: 77
BILPX Omega Ratio Rank: 76
BILPX Calmar Ratio Rank: 90
BILPX Martin Ratio Rank: 92

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.

EVDAX vs. BILPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Camelot Event Driven Fund Class A (EVDAX) and BlackRock Event Driven Equity Fund (BILPX). 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.

	EVDAX	BILPX	Difference
Sharpe ratio: Return per unit of total volatility	1.17	1.73	-0.56
Sortino ratio: Return per unit of downside risk	1.75	2.62	-0.87
Omega ratio: Gain probability vs. loss probability	1.21	1.34	-0.13
Calmar ratio: Return relative to maximum drawdown	2.79	3.38	-0.59
Martin ratio: Return relative to average drawdown	7.80	12.91	-5.10

EVDAX vs. BILPX - Sharpe Ratio Comparison

The current EVDAX Sharpe Ratio is 1.17, which is lower than the BILPX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of EVDAX and BILPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVDAX vs. BILPX - Drawdown Comparison

The maximum EVDAX drawdown since its inception was -96.19%, which is greater than BILPX's maximum drawdown of -47.50%. Use the drawdown chart below to compare losses from any high point for EVDAX and BILPX.

Drawdown Indicators

	EVDAX	BILPX	Difference
Max Drawdown Largest peak-to-trough decline	-96.19%	-47.50%	-48.69%
Max Drawdown (1Y) Largest decline over 1 year	-2.35%	-1.53%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-96.19%	-3.33%	-92.86%
Max Drawdown (5Y) Largest decline over 5 years	-96.19%	-4.31%	-91.88%
Max Drawdown (10Y) Largest decline over 10 years	-96.19%	-11.58%	-84.61%
Current Drawdown Current decline from peak	-95.66%	-0.38%	-95.28%
Average Drawdown Average peak-to-trough decline	-7.38%	-5.48%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	0.40%	+0.44%

Volatility

EVDAX vs. BILPX - Volatility Comparison

Camelot Event Driven Fund Class A (EVDAX) has a higher volatility of 1.43% compared to BlackRock Event Driven Equity Fund (BILPX) at 1.02%. This indicates that EVDAX's price experiences larger fluctuations and is considered to be riskier than BILPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVDAX	BILPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	1.02%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	4.24%	2.28%	+1.96%
Volatility (1Y) Calculated over the trailing 1-year period	5.62%	2.99%	+2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,424.35%	4.09%	+1,420.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,006.79%	4.64%	+1,002.15%

EVDAX vs. BILPX - Expense Ratio Comparison

EVDAX has a 2.22% expense ratio, which is higher than BILPX's 1.16% expense ratio.

Dividends

EVDAX vs. BILPX - Dividend Comparison

EVDAX's dividend yield for the trailing twelve months is around 0.74%, less than BILPX's 3.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BILPX BlackRock Event Driven Equity Fund	3.29%	4.19%	4.16%	1.99%	2.58%	2.66%	2.97%	3.41%	1.97%	5.12%	1.11%	74.64%
EVDAX Camelot Event Driven Fund Class A	0.74%	0.77%	3.99%	6.40%	9.42%	0.00%	1.00%	0.94%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVDAX and BILPX in my portfolio?

EVDAX and BILPX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVDAX or BILPX?

EVDAX has higher volatility (1.43%) compared to BILPX (1.02%). In terms of maximum drawdown, EVDAX dropped -96.19% vs BILPX's -47.50%.

Which has better risk-adjusted returns?

BILPX currently has the higher Sharpe Ratio (1.73 vs 1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.