GDL vs. EVDAX
Compare and contrast key facts about The GDL Fund (GDL) and Camelot Event Driven Fund Class A (EVDAX).
GDL is managed by Gabelli. It was launched on Jan 31, 2007. EVDAX is managed by Camelot Funds. It was launched on Nov 21, 2003.
Performance
GDL vs. EVDAX - Performance Comparison
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GDL vs. EVDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDL The GDL Fund | -0.23% | 11.83% | 5.94% | 9.02% | -6.88% | 8.04% | -0.99% | 5.87% | -1.60% | 4.74% |
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% |
Returns By Period
In the year-to-date period, GDL achieves a -0.23% return, which is significantly lower than EVDAX's 1.30% return. Over the past 10 years, GDL has underperformed EVDAX with an annualized return of 3.75%, while EVDAX has yielded a comparatively higher 7.06% annualized return.
GDL
- 1D
- 0.18%
- 1M
- -1.51%
- YTD
- -0.23%
- 6M
- 0.24%
- 1Y
- 7.09%
- 3Y*
- 8.24%
- 5Y*
- 4.52%
- 10Y*
- 3.75%
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%
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GDL vs. EVDAX - Expense Ratio Comparison
GDL has a 0.03% expense ratio, which is lower than EVDAX's 2.22% expense ratio.
Return for Risk
GDL vs. EVDAX — Risk / Return Rank
GDL
EVDAX
GDL vs. EVDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The GDL Fund (GDL) and Camelot Event Driven Fund Class A (EVDAX). 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.
| GDL | EVDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 1.19 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.75 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.65 | -0.38 |
Martin ratioReturn relative to average drawdown | 4.75 | 7.61 | -2.86 |
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
| GDL | EVDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 1.19 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.00 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.01 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.00 | +0.22 |
Correlation
The correlation between GDL and EVDAX is 0.11, 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
GDL vs. EVDAX - Dividend Comparison
GDL's dividend yield for the trailing twelve months is around 5.76%, more than EVDAX's 0.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDL The GDL Fund | 5.76% | 5.67% | 5.99% | 5.97% | 6.12% | 5.38% | 5.28% | 4.30% | 4.36% | 5.96% | 6.50% | 6.39% |
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% |
Drawdowns
GDL vs. EVDAX - Drawdown Comparison
The maximum GDL drawdown since its inception was -38.74%, smaller than the maximum EVDAX drawdown of -96.19%. Use the drawdown chart below to compare losses from any high point for GDL and EVDAX.
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Drawdown Indicators
| GDL | EVDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.74% | -96.19% | +57.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.21% | -4.05% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | -96.19% | +86.71% |
Max Drawdown (10Y)Largest decline over 10 years | -38.74% | -96.19% | +57.45% |
Current DrawdownCurrent decline from peak | -2.15% | -95.74% | +93.59% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -6.06% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.89% | +0.50% |
Volatility
GDL vs. EVDAX - Volatility Comparison
The GDL Fund (GDL) has a higher volatility of 2.56% compared to Camelot Event Driven Fund Class A (EVDAX) at 1.41%. This indicates that GDL's price experiences larger fluctuations and is considered to be riskier than EVDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDL | EVDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 1.41% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 5.41% | 4.09% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.83% | 6.13% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.62% | 1,423.79% | -1,415.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.97% | 1,006.79% | -993.82% |