Gotham Neutral Fund Institutional Class (GONIX) belongs to the Equity Market Neutral category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GONIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GONIX
GONIX charges 1.51% annually. There is 1 mutual fund in the Equity Market Neutral category with a lower expense ratio, going as low as 1.34%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 1.34% | — | Dec 2012 | GONIX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 1.60% | — | Dec 2012 | GONIX vs BDMAX | |
| AQR Equity Market Neutral Fund Class N | 1.62% | — | Oct 2014 | GONIX vs QMNNX | |
| Bridgeway Global Opportunities Fund Class N | 1.63% | — | Oct 2024 | GONIX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 1.69% | — | Dec 2023 | GONIX vs MMNIX |
Best Risk-Adjusted Alternatives to GONIX
GONIX has a PortfoliosLab risk / return rank of 4. There are 7 mutual funds in the Equity Market Neutral category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | 99 | — | Dec 2023 | GONIX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 96 | — | Dec 2012 | GONIX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 96 | — | Dec 2012 | GONIX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 89 | — | Oct 2024 | GONIX vs BRGOX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 14 | — | Sep 2008 | GONIX vs QQMNX |
Top Performing GONIX Alternatives (YTD)
GONIX is at -1.20% YTD. There are 5 mutual funds in the Equity Market Neutral category with higher YTD returns, going as high as 11.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 11.25% | — | Dec 2012 | GONIX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 11.09% | — | Dec 2012 | GONIX vs BDMAX | |
| Bridgeway Global Opportunities Fund Class N | 5.78% | — | Oct 2024 | GONIX vs BRGOX | |
| Miller Market Neutral Income Fund Class I | 4.22% | — | Dec 2023 | GONIX vs MMNIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 1.50% | — | Sep 2008 | GONIX vs QQMNX |
Lowest Volatility Alternatives to GONIX
GONIX has 5.71% 1-year volatility. There is 1 mutual fund in the Equity Market Neutral category with lower 1-year volatility, going as low as 1.60%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | 1.60% | — | Dec 2023 | GONIX vs MMNIX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | 6.75% | — | Sep 2008 | GONIX vs QQMNX | |
| AQR Equity Market Neutral Fund Class N | 6.80% | — | Oct 2014 | GONIX vs QMNNX | |
| AQR Equity Market Neutral Fund Class I | 6.82% | — | Oct 2014 | GONIX vs QMNIX | |
| Bridgeway Global Opportunities Fund Class N | 6.96% | — | Oct 2024 | GONIX vs BRGOX |
Lowest Drawdown Alternatives to GONIX
GONIX has a 1-year max drawdown of -3.99%. There are 3 mutual funds in the Equity Market Neutral category with shallower 1-year drawdowns, going as shallow as -0.46%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.46% | — | Dec 2023 | GONIX vs MMNIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -3.24% | — | Dec 2012 | GONIX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | -3.25% | — | Dec 2012 | GONIX vs BDMAX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | -4.37% | — | Sep 2008 | GONIX vs QQMNX | |
| Bridgeway Global Opportunities Fund Class N | -4.37% | — | Oct 2024 | GONIX vs BRGOX |
Other Mutual Funds from Gotham
The 6 most viewed Gotham mutual funds shown here include GARIX, GINDX, GENIX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Gotham Absolute Return Fund | Long-Short | 88 | 11.22% | — | Aug 2012 | GONIX vs GARIX | |
| Gotham Index Plus Fund | Large Cap Blend Equities | 50 | 6.90% | — | Mar 2015 | GONIX vs GINDX | |
| Gotham Enhanced Return Fund | Mid Cap Blend Equities | 83 | 13.91% | — | May 2013 | GONIX vs GENIX | |
| Gotham Enhanced S&P 500 Index Fund | Large Cap Blend Equities | 73 | 12.18% | — | Dec 2016 | GONIX vs GSPFX | |
| Gotham Total Return Fund | Long-Short | 61 | 8.40% | — | Mar 2015 | GONIX vs GTRFX | |
| Gotham Large Value Fund | Large Cap Value Equities | 55 | 12.09% | — | Dec 2015 | GONIX vs GVALX |
Often Compared With GONIX
Investors most often compare GONIX with BGCKX. These 1 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Instit... | Equity Market Neutral | 96 | 11.34% | — | Jan 2016 | GONIX vs BGCKX |
Compare GONIX with Any Fund or Stock
Compare GONIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GONIX with funds that move differently
Gotham Neutral Fund Institutional Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GONIX.
Explore GONIX Diversifiers