EVDAX vs. EMAYX
EVDAX (Camelot Event Driven Fund Class A) and EMAYX (Gabelli Enterprise Mergers and Acquisitions Fund) are both Event Driven funds. Over the past 10 years, EVDAX returned 7.27%/yr vs 5.86%/yr for EMAYX. Their 0.38 correlation means their historical movements had little consistent relationship. EVDAX charges 2.22%/yr vs 1.01%/yr for EMAYX.
Performance
EVDAX vs. EMAYX - Performance Comparison
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Returns By Period
In the year-to-date period, EVDAX achieves a 3.30% return, which is significantly lower than EMAYX's 8.11% return. Over the past 10 years, EVDAX has outperformed EMAYX with an annualized return of 7.27%, while EMAYX has yielded a comparatively lower 5.86% 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%
EMAYX
- 1D
- -0.05%
- 1M
- -0.79%
- 6M
- 5.23%
- YTD
- 8.11%
- 1Y
- 20.25%
- 3Y*
- 11.34%
- 5Y*
- 5.93%
- 10Y*
- 5.86%
- ALL TIME*
- 5.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EVDAX vs. EMAYX - 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% |
EMAYX Gabelli Enterprise Mergers and Acquisitions Fund | 8.11% | 21.17% | 4.10% | 5.96% | -8.78% | 9.83% | 5.29% | 7.71% | -2.78% | 5.61% |
Correlation
The correlation between EVDAX and EMAYX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2003 | 0.38 |
The correlation between EVDAX and EMAYX shifts across timeframes, from 0.38 (all time) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EVDAX vs. EMAYX — Risk / Return Rank
EVDAX
EMAYX
EVDAX vs. EMAYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Camelot Event Driven Fund Class A (EVDAX) and Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX). 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 | EMAYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.38 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 3.36 | -0.57 |
| Martin ratioReturn relative to average drawdown | 7.80 | 13.79 | -5.99 |
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Drawdowns
EVDAX vs. EMAYX - Drawdown Comparison
The maximum EVDAX drawdown since its inception was -96.19%, which is greater than EMAYX's maximum drawdown of -47.93%. Use the drawdown chart below to compare losses from any high point for EVDAX and EMAYX.
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Drawdown Indicators
| EVDAX | EMAYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.19% | -47.93% | -48.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.35% | -5.82% | +3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -96.19% | -12.32% | -83.87% |
Max Drawdown (5Y)Largest decline over 5 years | -96.19% | -15.95% | -80.24% |
Max Drawdown (10Y)Largest decline over 10 years | -96.19% | -24.90% | -71.29% |
Current DrawdownCurrent decline from peak | -95.66% | -1.18% | -94.48% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -4.45% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.42% | -0.58% |
Volatility
EVDAX vs. EMAYX - Volatility Comparison
The current volatility for Camelot Event Driven Fund Class A (EVDAX) is 1.43%, while Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) has a volatility of 1.67%. This indicates that EVDAX experiences smaller price fluctuations and is considered to be less risky than EMAYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVDAX | EMAYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.67% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 6.97% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.62% | 9.32% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1,424.35% | 10.99% | +1,413.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1,006.79% | 10.54% | +996.25% |
EVDAX vs. EMAYX - Expense Ratio Comparison
EVDAX has a 2.22% expense ratio, which is higher than EMAYX's 1.01% expense ratio.
Dividends
EVDAX vs. EMAYX - Dividend Comparison
EVDAX's dividend yield for the trailing twelve months is around 0.74%, less than EMAYX's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMAYX Gabelli Enterprise Mergers and Acquisitions Fund | 3.89% | 4.21% | 0.00% | 3.00% | 0.80% | 6.84% | 0.24% | 1.80% | 5.52% | 1.24% |
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% |
Frequently Asked Questions
EVDAX and EMAYX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMAYX has higher volatility (1.67%) compared to EVDAX (1.43%). In terms of maximum drawdown, EVDAX dropped -96.19% vs EMAYX's -47.93%.
EMAYX currently has the higher Sharpe Ratio (2.11 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.
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