Gotham Neutral Fund Institutional Class (GONIX)

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Gotham Neutral Fund Institutional Class (GONIX) is up 1.3% since the beginning of the year. GONIX is currently trading at $15 per share. Investors who bought $1,000 worth of GONIX shares 5 years ago would now be looking at an investment worth $1,650.

Gotham Neutral Fund Institutional Class (GONIX) has returned 1.33% so far this year and 5.33% over the past 12 months. Over the last ten years, GONIX has returned 4.24% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Jan 2, 2014, GONIX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.

Historically, 51% of months were positive and 49% were negative. The best month was Jan 2024 with a return of +5.5%, while the worst month was Feb 2020 at -4.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 9 months.

On a daily basis, GONIX closed higher 46% of trading days. The best single day was Mar 24, 2020 with a return of +2.6%, while the worst single day was Nov 10, 2020 at -2.7%.

Gotham Neutral Fund Institutional Class has an annualized alpha of 1.24%, beta of 0.17, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.22%) than losses (14.25%) - typical of diversified or defensive assets.
• Beta of 0.17 may look defensive, but with R2 of 0.22 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.22 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

GONIX has a high expense ratio of 1.51%, indicating above-average management fees.

GONIX ranks 21 for risk / return — above 21% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.

Gotham Neutral Fund Institutional Class provided a 0.14% dividend yield over the last twelve months, with an annual payout of $0.02 per share.

The table displays the monthly dividend distributions for Gotham Neutral Fund Institutional Class. 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 Neutral Fund Institutional Class. 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 Neutral Fund Institutional Class was 24.52%, occurring on Dec 22, 2020. Recovery took 633 trading sessions.

The current Gotham Neutral Fund Institutional Class drawdown is 0.13%.

The chart below shows the rolling one-month volatility.