EVDAX vs. VARBX
Compare and contrast key facts about Camelot Event Driven Fund Class A (EVDAX) and Vivaldi Merger Arbitrage Fund Class I (VARBX).
EVDAX is managed by Camelot Funds. It was launched on Nov 21, 2003. VARBX is managed by First Trust. It was launched on Oct 1, 2015.
Performance
EVDAX vs. VARBX - Performance Comparison
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EVDAX vs. VARBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVDAX Camelot Event Driven Fund Class A | 1.30% | 9.15% | 7.93% | 2.28% | 3.59% | 22.87% | 18.83% | 7.19% | 0.00% | 0.00% |
VARBX Vivaldi Merger Arbitrage Fund Class I | 0.76% | 6.06% | 12.64% | 3.30% | 2.38% | 5.42% | 4.00% | 4.28% | 4.11% | 2.39% |
Returns By Period
In the year-to-date period, EVDAX achieves a 1.30% return, which is significantly higher than VARBX's 0.76% return. Over the past 10 years, EVDAX has outperformed VARBX with an annualized return of 7.06%, while VARBX has yielded a comparatively lower 4.44% annualized return.
EVDAX
- 1D
- -0.09%
- 1M
- -1.67%
- YTD
- 1.30%
- 6M
- 0.92%
- 1Y
- 7.38%
- 3Y*
- 5.97%
- 5Y*
- 6.31%
- 10Y*
- 7.06%
VARBX
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 0.76%
- 6M
- 2.21%
- 1Y
- 5.36%
- 3Y*
- 7.33%
- 5Y*
- 5.43%
- 10Y*
- 4.44%
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EVDAX vs. VARBX - Expense Ratio Comparison
EVDAX has a 2.22% expense ratio, which is higher than VARBX's 1.81% expense ratio.
Return for Risk
EVDAX vs. VARBX — Risk / Return Rank
EVDAX
VARBX
EVDAX vs. VARBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Camelot Event Driven Fund Class A (EVDAX) and Vivaldi Merger Arbitrage Fund Class I (VARBX). 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.
| EVDAX | VARBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 4.06 | -2.87 |
Sortino ratioReturn per unit of downside risk | 1.75 | 6.90 | -5.15 |
Omega ratioGain probability vs. loss probability | 1.22 | 2.36 | -1.14 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 8.40 | -6.76 |
Martin ratioReturn relative to average drawdown | 7.61 | 36.29 | -28.68 |
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
| EVDAX | VARBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 4.06 | -2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 1.65 | -1.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 1.33 | -1.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 1.40 | -1.39 |
Correlation
The correlation between EVDAX and VARBX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EVDAX vs. VARBX - Dividend Comparison
EVDAX's dividend yield for the trailing twelve months is around 0.76%, less than VARBX's 5.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVDAX Camelot Event Driven Fund Class A | 0.76% | 0.77% | 3.99% | 6.40% | 9.42% | 0.00% | 1.00% | 0.94% | 0.00% | 0.00% | 0.00% | 0.00% |
VARBX Vivaldi Merger Arbitrage Fund Class I | 5.99% | 6.04% | 12.59% | 4.07% | 0.75% | 8.42% | 0.81% | 5.54% | 2.15% | 1.70% | 0.06% | 0.04% |
Drawdowns
EVDAX vs. VARBX - Drawdown Comparison
The maximum EVDAX drawdown since its inception was -96.19%, which is greater than VARBX's maximum drawdown of -5.12%. Use the drawdown chart below to compare losses from any high point for EVDAX and VARBX.
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Drawdown Indicators
| EVDAX | VARBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.19% | -5.12% | -91.07% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -0.64% | -3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -96.19% | -1.79% | -94.40% |
Max Drawdown (10Y)Largest decline over 10 years | -96.19% | -5.12% | -91.07% |
Current DrawdownCurrent decline from peak | -95.74% | 0.00% | -95.74% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -0.57% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.15% | +0.74% |
Volatility
EVDAX vs. VARBX - Volatility Comparison
Camelot Event Driven Fund Class A (EVDAX) has a higher volatility of 1.41% compared to Vivaldi Merger Arbitrage Fund Class I (VARBX) at 0.32%. This indicates that EVDAX's price experiences larger fluctuations and is considered to be riskier than VARBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVDAX | VARBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 0.32% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.09% | 0.73% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 1.35% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1,423.79% | 3.31% | +1,420.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1,006.79% | 3.35% | +1,003.44% |