MERFX vs. EVDAX
Compare and contrast key facts about The Merger Fund (MERFX) and Camelot Event Driven Fund Class A (EVDAX).
MERFX is managed by Virtus. It was launched on Jan 30, 1989. EVDAX is managed by Camelot Funds. It was launched on Nov 21, 2003.
Performance
MERFX vs. EVDAX - Performance Comparison
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MERFX vs. EVDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MERFX The Merger Fund | 0.46% | 8.11% | 3.27% | 4.17% | 0.71% | -0.19% | 4.87% | 5.96% | 7.68% | 2.39% |
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, MERFX achieves a 0.46% return, which is significantly lower than EVDAX's 1.30% return. Over the past 10 years, MERFX has underperformed EVDAX with an annualized return of 3.88%, while EVDAX has yielded a comparatively higher 7.06% annualized return.
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%
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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MERFX vs. EVDAX - Expense Ratio Comparison
MERFX has a 1.50% expense ratio, which is lower than EVDAX's 2.22% expense ratio.
Return for Risk
MERFX vs. EVDAX — Risk / Return Rank
MERFX
EVDAX
MERFX vs. EVDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Merger Fund (MERFX) 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.
| MERFX | EVDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.24 | 1.19 | +3.06 |
Sortino ratioReturn per unit of downside risk | 8.05 | 1.75 | +6.30 |
Omega ratioGain probability vs. loss probability | 2.09 | 1.22 | +0.87 |
Calmar ratioReturn relative to maximum drawdown | 12.42 | 1.65 | +10.77 |
Martin ratioReturn relative to average drawdown | 58.81 | 7.61 | +51.20 |
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
| MERFX | EVDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.24 | 1.19 | +3.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.00 | +0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | 0.01 | +1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.00 | +0.68 |
Correlation
The correlation between MERFX and EVDAX is 0.12, 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
MERFX vs. EVDAX - Dividend Comparison
MERFX's dividend yield for the trailing twelve months is around 7.38%, more than EVDAX's 0.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
MERFX vs. EVDAX - Drawdown Comparison
The maximum MERFX drawdown since its inception was -20.82%, smaller than the maximum EVDAX drawdown of -96.19%. Use the drawdown chart below to compare losses from any high point for MERFX and EVDAX.
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Drawdown Indicators
| MERFX | EVDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.82% | -96.19% | +75.37% |
Max Drawdown (1Y)Largest decline over 1 year | -0.52% | -4.05% | +3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -96.19% | +90.24% |
Max Drawdown (10Y)Largest decline over 10 years | -9.35% | -96.19% | +86.84% |
Current DrawdownCurrent decline from peak | -0.17% | -95.74% | +95.57% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -6.06% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.89% | -0.78% |
Volatility
MERFX vs. EVDAX - Volatility Comparison
The current volatility for The Merger Fund (MERFX) is 0.47%, while Camelot Event Driven Fund Class A (EVDAX) has a volatility of 1.41%. This indicates that MERFX experiences smaller price fluctuations and is considered to be less risky 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
| MERFX | EVDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 1.41% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 4.09% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 6.13% | -4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.45% | 1,423.79% | -1,420.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 1,006.79% | -1,003.03% |