KCEIX vs. CDAZX
KCEIX (Knights of Columbus Long/Short Equity Fund) and CDAZX (Multi-Manager Directional Alternative Strategies Fund) are both Long-Short funds. Over the past 5 years, KCEIX returned 10.57%/yr vs 11.57%/yr for CDAZX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. KCEIX charges 1.50%/yr vs 1.84%/yr for CDAZX.
Performance
KCEIX vs. CDAZX - Performance Comparison
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Returns By Period
In the year-to-date period, KCEIX achieves a 11.56% return, which is significantly higher than CDAZX's 8.42% return.
KCEIX
- 1D
- -1.14%
- 1M
- 3.13%
- 6M
- 10.85%
- YTD
- 11.56%
- 1Y
- 16.72%
- 3Y*
- 11.38%
- 5Y*
- 10.57%
- 10Y*
- —
- ALL TIME*
- 7.32%
CDAZX
- 1D
- 1.44%
- 1M
- -1.02%
- 6M
- 6.18%
- YTD
- 8.42%
- 1Y
- 23.53%
- 3Y*
- 17.33%
- 5Y*
- 11.57%
- 10Y*
- —
- ALL TIME*
- 7.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
KCEIX vs. CDAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
KCEIX Knights of Columbus Long/Short Equity Fund | 11.56% | 5.51% | 15.09% | 2.84% | 10.41% | 16.74% | -11.05% | 0.20% |
CDAZX Multi-Manager Directional Alternative Strategies Fund | 8.42% | 19.20% | 19.75% | 3.90% | 1.31% | 20.14% | -6.39% | 1.23% |
Correlation
The correlation between KCEIX and CDAZX is 0.05, 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. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2019 | 0.52 |
Over the past year, the correlation between KCEIX and CDAZX has dropped to 0.05 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
KCEIX vs. CDAZX — Risk / Return Rank
KCEIX
CDAZX
KCEIX vs. CDAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Knights of Columbus Long/Short Equity Fund (KCEIX) and Multi-Manager Directional Alternative Strategies Fund (CDAZX). 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.
| KCEIX | CDAZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.43 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.27 | 3.12 | +3.15 |
| Martin ratioReturn relative to average drawdown | 19.56 | 11.30 | +8.26 |
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Drawdowns
KCEIX vs. CDAZX - Drawdown Comparison
The maximum KCEIX drawdown since its inception was -16.07%, smaller than the maximum CDAZX drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for KCEIX and CDAZX.
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Drawdown Indicators
| KCEIX | CDAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.07% | -30.94% | +14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -7.32% | +4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -8.54% | +2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -7.12% | -10.91% | +3.79% |
Current DrawdownCurrent decline from peak | -1.14% | -1.90% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -6.06% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 2.00% | -1.10% |
Volatility
KCEIX vs. CDAZX - Volatility Comparison
Knights of Columbus Long/Short Equity Fund (KCEIX) and Multi-Manager Directional Alternative Strategies Fund (CDAZX) have volatilities of 2.84% and 2.71%, 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
| KCEIX | CDAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 2.71% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 7.79% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 10.02% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.90% | 9.20% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.09% | 10.05% | -1.96% |
KCEIX vs. CDAZX - Expense Ratio Comparison
KCEIX has a 1.50% expense ratio, which is lower than CDAZX's 1.84% expense ratio.
Dividends
KCEIX vs. CDAZX - Dividend Comparison
KCEIX's dividend yield for the trailing twelve months is around 1.48%, less than CDAZX's 21.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CDAZX Multi-Manager Directional Alternative Strategies Fund | 21.47% | 23.28% | 10.21% | 1.58% | 11.48% | 6.28% | 0.00% | 0.79% | 50.33% | 3.97% |
KCEIX Knights of Columbus Long/Short Equity Fund | 1.48% | 1.66% | 2.35% | 2.20% | 7.60% | 0.00% | 0.14% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KCEIX and CDAZX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KCEIX has higher volatility (2.84%) compared to CDAZX (2.71%). In terms of maximum drawdown, KCEIX dropped -16.07% vs CDAZX's -30.94%.
KCEIX currently has the higher Sharpe Ratio (2.72 vs 2.28), 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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