EVDIX vs. GDL
EVDIX (Camelot Event-Driven Fund Institutional Class) and GDL (The GDL Fund) are both Event Driven funds. Over the past 10 years, EVDIX returned 7.33%/yr vs 3.92%/yr for GDL. Their 0.13 correlation means their historical movements had little consistent relationship. EVDIX charges 1.74%/yr vs 0.03%/yr for GDL.
Performance
EVDIX vs. GDL - Performance Comparison
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Returns By Period
In the year-to-date period, EVDIX achieves a 3.49% return, which is significantly higher than GDL's 1.81% return. Over the past 10 years, EVDIX has outperformed GDL with an annualized return of 7.33%, while GDL has yielded a comparatively lower 3.92% annualized return.
EVDIX
- 1D
- -0.04%
- 1M
- 1.33%
- 6M
- 2.89%
- YTD
- 3.49%
- 1Y
- 6.86%
- 3Y*
- 6.68%
- 5Y*
- 6.04%
- 10Y*
- 7.33%
- ALL TIME*
- 4.48%
GDL
- 1D
- -0.24%
- 1M
- -0.89%
- 6M
- 0.67%
- YTD
- 1.81%
- 1Y
- 8.04%
- 3Y*
- 8.12%
- 5Y*
- 4.50%
- 10Y*
- 3.92%
- ALL TIME*
- 3.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
GDL The GDL Fund | $50.87K | $63.29K | $74.62K |
EVDIX vs. GDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVDIX Camelot Event-Driven Fund Institutional Class | 3.49% | 9.40% | 6.56% | 2.50% | 3.90% | 23.17% | 19.27% | 7.52% | 0.00% | 0.00% |
GDL The GDL Fund | 1.81% | 11.83% | 5.94% | 9.02% | -6.88% | 8.04% | -0.99% | 5.87% | -1.60% | 4.74% |
Correlation
The correlation between EVDIX and GDL is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2010 | 0.13 |
The correlation between EVDIX and GDL shifts across timeframes, from -0.04 (1 year) to 0.17 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
EVDIX vs. GDL — Risk / Return Rank
EVDIX
GDL
EVDIX vs. GDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Camelot Event-Driven Fund Institutional Class (EVDIX) and The GDL Fund (GDL). 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.
| EVDIX | GDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.07 | +0.86 |
| Martin ratioReturn relative to average drawdown | 8.32 | 6.66 | +1.66 |
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Drawdowns
EVDIX vs. GDL - Drawdown Comparison
The maximum EVDIX drawdown since its inception was -92.23%, which is greater than GDL's maximum drawdown of -38.74%. Use the drawdown chart below to compare losses from any high point for EVDIX and GDL.
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Drawdown Indicators
| EVDIX | GDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.23% | -38.74% | -53.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.33% | -3.21% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -92.23% | -6.00% | -86.23% |
Max Drawdown (5Y)Largest decline over 5 years | -92.23% | -9.48% | -82.75% |
Max Drawdown (10Y)Largest decline over 10 years | -92.23% | -38.74% | -53.49% |
Current DrawdownCurrent decline from peak | -91.11% | -1.30% | -89.81% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -4.89% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.00% | -0.18% |
Volatility
EVDIX vs. GDL - Volatility Comparison
Camelot Event-Driven Fund Institutional Class (EVDIX) has a higher volatility of 1.41% compared to The GDL Fund (GDL) at 1.07%. This indicates that EVDIX's price experiences larger fluctuations and is considered to be riskier than GDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVDIX | GDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.07% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 4.24% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 6.94% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 523.19% | 8.58% | +514.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 369.80% | 12.96% | +356.84% |
EVDIX vs. GDL - Expense Ratio Comparison
EVDIX has a 1.74% expense ratio, which is higher than GDL's 0.03% expense ratio.
Dividends
EVDIX vs. GDL - Dividend Comparison
EVDIX's dividend yield for the trailing twelve months is around 0.87%, less than GDL's 5.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVDIX Camelot Event-Driven Fund Institutional Class | 0.87% | 0.90% | 2.72% | 6.49% | 9.21% | 0.00% | 1.01% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% |
GDL The GDL Fund | 5.73% | 5.67% | 5.99% | 5.97% | 6.12% | 5.38% | 5.28% | 4.30% | 4.36% | 5.96% | 6.50% | 6.39% |
Frequently Asked Questions
EVDIX and GDL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVDIX has higher volatility (1.41%) compared to GDL (1.07%). In terms of maximum drawdown, EVDIX dropped -92.23% vs GDL's -38.74%.
EVDIX currently has the higher Sharpe Ratio (1.23 vs 0.96), 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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