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Gotham Neutral Fund Institutional Class (GONIX) Sharpe Ratio: 0.85

Mutual Fund · Currency in USD · Last updated Aug 1, 2026

The Gotham Neutral Fund is a market neutral long/short U.S. equity fund that seeks long-term capital appreciation with minimal correlation to the general stock market, taking long positions in securities believed to be undervalued and short positions in securities believed to be overvalued.

GONIX's Sharpe Ratio of 0.85 indicates that for each unit of volatility, it generates 0.85 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

GONIX Sharpe Ratio Rank

GONIX Sharpe Ratio Rank: 23.624
Below Average

GONIX ranks above 23.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

GONIX Sharpe Ratio Market Positioning

The chart shows GONIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.93 or lower
  • Yellow zone (middle 50%): 0.93 to 1.81
  • Green zone (top 25%): 1.81 or higher
  • Top 1%: 3.75+
  • Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Gotham Neutral Fund Institutional Class's Sharpe Ratio with other mutual funds in the Equity Market Neutral category across multiple time periods, showing how GONIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MMNIXMiller Market Neutral Income Fund Class I5.62
BDMIXBlackRock Global Equity Market Neutral Fund Class I3.24
BDMAXBlackRock Global Equity Market Neutral Fund Investor A3.20
BRGOXBridgeway Global Opportunities Fund Class N2.75
QQMNXFederated Hermes MDT Market Neutral Fund Institutional Shares1.37
GONIXGotham Neutral Fund Institutional Class0.85
QMNIXAQR Equity Market Neutral Fund Class I0.82
QMNNXAQR Equity Market Neutral Fund Class N0.78
Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows GONIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when GONIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does GONIX fit in your portfolio?

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