- ISIN
- US3608731374
- CUSIP
- 360873137
- Issuer
- Gotham
- Inception Date
- Aug 30, 2012
- Category
- Long-Short
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GARIX Performance Chart
Gotham Absolute Return Fund (GARIX) is up 10.4% since the beginning of the year. GARIX is currently trading at $24 per share. Investors who bought $1,000 worth of GARIX shares 5 years ago would now be looking at an investment worth $1,984.
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Returns By Period
Gotham Absolute Return Fund (GARIX) has returned 10.39% so far this year and 19.78% over the past 12 months. Over the last ten years, GARIX has returned 9.86% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Gotham Absolute Return Fund
- 1D
- 0.30%
- 1M
- 1.28%
- YTD
- 10.39%
- 6M
- 10.23%
- 1Y
- 19.78%
- 3Y*
- 18.53%
- 5Y*
- 14.68%
- 10Y*
- 9.86%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GARIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 4, 2012, GARIX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was Jul 2022 with a return of +6.5%, while the worst month was Mar 2020 at -7.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, GARIX closed higher 52% of trading days. The best single day was Dec 18, 2024 with a return of +17.9%, while the worst single day was Dec 19, 2024 at -16.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.72% | 0.92% | -2.31% | 5.11% | 5.17% | -0.42% | 10.39% | ||||||
| 2025 | 3.03% | -1.18% | -2.83% | 0.82% | 5.57% | 4.22% | -0.92% | 0.14% | 3.94% | 1.74% | 0.79% | 0.11% | 16.18% |
| 2024 | 4.37% | 5.22% | 3.13% | -1.72% | 0.69% | 2.06% | 1.71% | 3.27% | 2.86% | -1.21% | 1.64% | -2.93% | 20.46% |
| 2023 | 2.28% | -1.73% | 3.23% | -0.27% | 1.93% | 4.54% | 2.38% | -0.61% | -1.42% | -0.72% | 5.09% | 2.00% | 17.70% |
| 2022 | -2.17% | -2.44% | 2.55% | -3.60% | 1.26% | -5.78% | 6.50% | -2.88% | -4.77% | 5.62% | 5.44% | -3.84% | -5.04% |
| 2021 | -0.62% | 3.32% | 5.56% | 3.11% | 2.03% | 0.06% | 1.45% | 2.20% | -2.79% | 3.47% | 1.85% | 4.71% | 26.87% |
Benchmark Metrics
Gotham Absolute Return Fund has an annualized alpha of 1.98%, beta of 0.58, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since September 04, 2012.
- This fund participated in 64.99% of S&P 500 Index downside but only 62.39% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.58 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.98%
- Beta
- 0.58
- R²
- 0.59
- Upside Capture
- 62.39%
- Downside Capture
- 64.99%
Expense Ratio
GARIX has a high expense ratio of 1.50%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GARIX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and compare them to S&P 500 Index.
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.
| GARIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 2.78 | +2.44 |
| Martin ratioReturn relative to average drawdown | 20.53 | 12.44 | +8.09 |
Dividends
Dividend History
Gotham Absolute Return Fund provided a 6.50% dividend yield over the last twelve months, with an annual payout of $1.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.54 | $1.54 | $3.71 | $1.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 |
Dividend yield | 6.50% | 7.18% | 18.74% | 5.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Gotham Absolute Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.54 | $1.54 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.71 | $3.71 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.14 | $1.14 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Gotham Absolute Return Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Gotham Absolute Return Fund was 26.49%, occurring on Mar 23, 2020. Recovery took 255 trading sessions.
The current Gotham Absolute Return Fund drawdown is 1.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -26.49%Mar 2020 | 3mo 1d | 1y 3d | 1y 3moDec 2019 - Mar 2021 |
2025 selloff2025 | -23.15%Apr 2025 | 3mo 20d | 1y 1d | 1y 3moDec 2024 - Apr 2026 |
2016 correction2016 | -17.32%Jan 2016 | 1y 1mo | 1y 8mo | 2y 10moDec 2014 - Oct 2017 |
Rate-hike selloffLate 2018 | -13.46%Dec 2018 | 10mo 28d | 10mo 26d | 1y 9moJan 2018 - Nov 2019 |
Bear market2022 | -11.76%Sep 2022 | 8mo 24d | 8mo 2d | 1y 4moJan 2022 - May 2023 |
Drawdown Indicators
| GARIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.49% | -56.78% | +30.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -9.10% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -23.15% | -18.90% | -4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -23.15% | -25.43% | +2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -26.49% | -33.92% | +7.43% |
Current DrawdownCurrent decline from peak | -1.25% | -1.80% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -10.71% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.03% | -1.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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