EVDAX vs. EVDIX
EVDAX (Camelot Event Driven Fund Class A) and EVDIX (Camelot Event-Driven Fund Institutional Class) are both Event Driven funds. Over the past 10 years, EVDAX returned 7.14%/yr vs 7.19%/yr for EVDIX. With a 0.99 correlation, they move nearly in lockstep. EVDAX charges 2.22%/yr vs 1.74%/yr for EVDIX.
Performance
EVDAX vs. EVDIX - Performance Comparison
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Returns By Period
In the year-to-date period, EVDAX achieves a 2.00% return, which is significantly lower than EVDIX's 2.13% return. Both investments have delivered pretty close results over the past 10 years, with EVDAX having a 7.14% annualized return and EVDIX not far ahead at 7.19%.
EVDAX
- 1D
- 0.05%
- 1M
- -1.35%
- YTD
- 2.00%
- 6M
- 2.43%
- 1Y
- 5.74%
- 3Y*
- 6.58%
- 5Y*
- 5.06%
- 10Y*
- 7.14%
EVDIX
- 1D
- 0.00%
- 1M
- -1.32%
- YTD
- 2.13%
- 6M
- 2.55%
- 1Y
- 5.99%
- 3Y*
- 6.31%
- 5Y*
- 5.00%
- 10Y*
- 7.19%
EVDAX vs. EVDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVDAX Camelot Event Driven Fund Class A | 2.00% | 9.15% | 7.93% | 2.28% | 3.59% | 22.87% | 18.83% | 7.19% | 0.00% | 0.00% |
EVDIX Camelot Event-Driven Fund Institutional Class | 2.13% | 9.40% | 6.56% | 2.50% | 3.90% | 23.17% | 19.27% | 7.52% | 0.00% | 0.00% |
Correlation
The correlation between EVDAX and EVDIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2010 | 0.99 |
The correlation between EVDAX and EVDIX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
EVDAX vs. EVDIX — Risk / Return Rank
EVDAX
EVDIX
EVDAX vs. EVDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Camelot Event Driven Fund Class A (EVDAX) and Camelot Event-Driven Fund Institutional Class (EVDIX). 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 | EVDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.54 | -0.12 |
| Martin ratioReturn relative to average drawdown | 7.58 | 8.12 | -0.54 |
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Drawdowns
EVDAX vs. EVDIX - Drawdown Comparison
The maximum EVDAX drawdown since its inception was -96.19%, roughly equal to the maximum EVDIX drawdown of -92.23%. Use the drawdown chart below to compare losses from any high point for EVDAX and EVDIX.
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Drawdown Indicators
| EVDAX | EVDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.19% | -92.23% | -3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.35% | -2.33% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -96.19% | -92.23% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -96.19% | -92.23% | -3.96% |
Max Drawdown (10Y)Largest decline over 10 years | -96.19% | -92.23% | -3.96% |
Current DrawdownCurrent decline from peak | -95.72% | -91.23% | -4.49% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -9.35% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.73% | +0.02% |
Volatility
EVDAX vs. EVDIX - Volatility Comparison
Camelot Event Driven Fund Class A (EVDAX) and Camelot Event-Driven Fund Institutional Class (EVDIX) have volatilities of 1.76% and 1.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVDAX | EVDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.72% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 4.17% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.57% | 5.56% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1,423.79% | 522.98% | +900.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1,006.59% | 369.73% | +636.86% |
EVDAX vs. EVDIX - Expense Ratio Comparison
EVDAX has a 2.22% expense ratio, which is higher than EVDIX's 1.74% expense ratio.
Dividends
EVDAX vs. EVDIX - Dividend Comparison
EVDAX's dividend yield for the trailing twelve months is around 0.75%, less than EVDIX's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EVDAX Camelot Event Driven Fund Class A | 0.75% | 0.77% | 3.99% | 6.40% | 9.42% | 0.00% | 1.00% | 0.94% |
EVDIX Camelot Event-Driven Fund Institutional Class | 0.88% | 0.90% | 2.72% | 6.49% | 9.21% | 0.00% | 1.01% | 0.95% |
Frequently Asked Questions
With a correlation of 1.00, EVDAX and EVDIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EVDAX has higher volatility (1.76%) compared to EVDIX (1.72%). In terms of maximum drawdown, EVDAX dropped -96.19% vs EVDIX's -92.23%.
EVDIX currently has the higher Sharpe Ratio (1.07 vs 1.02), 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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