Gotham Absolute Return Fund (GARIX)

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The chart shows the growth of an initial investment of $10,000 in Gotham Absolute Return Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Gotham Absolute Return Fund (GARIX) has returned -1.21% so far this year and 16.00% over the past 12 months. Over the last ten years, GARIX has returned 8.52% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Sep 4, 2012, GARIX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, your investment would double in approximately 7.9 years.

Historically, 63% of months were positive and 37% 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 8 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%.

Gotham Absolute Return Fund has an annualized alpha of 1.90%, beta of 0.58, and R² of 0.59 versus S&P 500 Index. Calculated based on daily prices since September 05, 2012.

• This fund participated in 65.12% 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.

GARIX has a high expense ratio of 1.50%, indicating above-average management fees.

GARIX ranks 81 for risk / return — in the top 81% 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.

The table below present risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and compare them to a chosen benchmark (S&P 500 Index).

Gotham Absolute Return Fund provided a 7.26% dividend yield over the last twelve months, with an annual payout of $1.54 per share.

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.

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.

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 4.47%.

The chart below shows the rolling one-month volatility.