EVDIX vs. MERFX
Compare and contrast key facts about Camelot Event-Driven Fund Institutional Class (EVDIX) and The Merger Fund (MERFX).
EVDIX is an actively managed fund by Camelot. It was launched on Jun 7, 2010. MERFX is managed by Virtus. It was launched on Jan 30, 1989.
Performance
EVDIX vs. MERFX - Performance Comparison
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EVDIX vs. MERFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVDIX Camelot Event-Driven Fund Institutional Class | 1.36% | 9.40% | 6.56% | 2.50% | 3.90% | 23.17% | 19.27% | 7.52% | 0.00% | 0.00% |
MERFX The Merger Fund | 0.46% | 8.11% | 3.27% | 4.17% | 0.71% | -0.19% | 4.87% | 5.96% | 7.68% | 2.39% |
Returns By Period
In the year-to-date period, EVDIX achieves a 1.36% return, which is significantly higher than MERFX's 0.46% return. Over the past 10 years, EVDIX has outperformed MERFX with an annualized return of 7.11%, while MERFX has yielded a comparatively lower 3.88% annualized return.
EVDIX
- 1D
- -0.09%
- 1M
- -1.67%
- YTD
- 1.36%
- 6M
- 1.04%
- 1Y
- 7.66%
- 3Y*
- 5.68%
- 5Y*
- 6.25%
- 10Y*
- 7.11%
MERFX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.46%
- 6M
- 1.84%
- 1Y
- 6.26%
- 3Y*
- 5.30%
- 5Y*
- 3.09%
- 10Y*
- 3.88%
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EVDIX vs. MERFX - Expense Ratio Comparison
EVDIX has a 1.74% expense ratio, which is higher than MERFX's 1.50% expense ratio.
Return for Risk
EVDIX vs. MERFX — Risk / Return Rank
EVDIX
MERFX
EVDIX vs. MERFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Camelot Event-Driven Fund Institutional Class (EVDIX) and The Merger Fund (MERFX). 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.
| EVDIX | MERFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 4.24 | -3.01 |
Sortino ratioReturn per unit of downside risk | 1.81 | 8.05 | -6.24 |
Omega ratioGain probability vs. loss probability | 1.23 | 2.09 | -0.86 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 12.42 | -10.68 |
Martin ratioReturn relative to average drawdown | 8.12 | 58.81 | -50.69 |
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
| EVDIX | MERFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 4.24 | -3.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.90 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 1.03 | -1.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.68 | -0.67 |
Correlation
The correlation between EVDIX and MERFX is 0.16, 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
EVDIX vs. MERFX - Dividend Comparison
EVDIX's dividend yield for the trailing twelve months is around 0.89%, less than MERFX's 7.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVDIX Camelot Event-Driven Fund Institutional Class | 0.89% | 0.90% | 2.72% | 6.49% | 9.21% | 0.00% | 1.01% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% |
MERFX The Merger Fund | 7.38% | 7.42% | 3.24% | 2.59% | 3.50% | 0.27% | 3.31% | 1.34% | 4.52% | 0.59% | 0.32% | 1.25% |
Drawdowns
EVDIX vs. MERFX - Drawdown Comparison
The maximum EVDIX drawdown since its inception was -93.04%, which is greater than MERFX's maximum drawdown of -20.82%. Use the drawdown chart below to compare losses from any high point for EVDIX and MERFX.
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Drawdown Indicators
| EVDIX | MERFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.04% | -20.82% | -72.22% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | -0.52% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -93.04% | -5.95% | -87.09% |
Max Drawdown (10Y)Largest decline over 10 years | -93.04% | -9.35% | -83.69% |
Current DrawdownCurrent decline from peak | -92.20% | -0.17% | -92.03% |
Average DrawdownAverage peak-to-trough decline | -8.31% | -2.68% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.11% | +0.76% |
Volatility
EVDIX vs. MERFX - Volatility Comparison
Camelot Event-Driven Fund Institutional Class (EVDIX) has a higher volatility of 1.42% compared to The Merger Fund (MERFX) at 0.47%. This indicates that EVDIX's price experiences larger fluctuations and is considered to be riskier than MERFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVDIX | MERFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 0.47% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 1.00% | +3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.15% | 1.53% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 784.89% | 3.45% | +781.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 555.06% | 3.76% | +551.30% |