Gotham Short Strategies ETF (SHRT) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SHRT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SHRT
SHRT charges 1.35% annually. There are 72 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 233.44M | Jun 2016 | SHRT vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 34.08M | Mar 2024 | SHRT vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.01M | Nov 2017 | SHRT vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 41.67M | Nov 2021 | SHRT vs SARK | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | SHRT vs SKRE |
Best Risk-Adjusted Alternatives to SHRT
SHRT has a PortfoliosLab risk / return rank of 1. There are 55 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 70.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | 70 | 96.16M | Sep 2024 | SHRT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 63 | 30.06M | Aug 2024 | SHRT vs SMST | |
| Direxion Daily NFLX Bear 1X Shares | 57 | 5.10M | Oct 2024 | SHRT vs NFXS | |
| YieldMax Short COIN Option Income Strategy ETF | 37 | 35.08M | Jul 2024 | SHRT vs FIAT | |
| -1x Short VIX Futures ETF | 31 | 198.28M | Mar 2022 | SHRT vs SVIX |
Top Performing SHRT Alternatives (YTD)
SHRT is at -15.36% YTD. There are 36 ETFs in the Inverse Equities category with higher YTD returns, going as high as 32.39%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily ORCL Bear 1X ETF | 32.39% | 11.74M | Nov 2025 | SHRT vs ORCS | |
| Direxion Daily NFLX Bear 1X Shares | 21.17% | 5.10M | Oct 2024 | SHRT vs NFXS | |
| Direxion Daily PLTR Bear 1X Shares | 17.42% | 40.54M | Dec 2024 | SHRT vs PLTD | |
| Direxion Daily MSFT Bear 1X Shares | 16.79% | 11.03M | Sep 2022 | SHRT vs MSFD | |
| YieldMax Short COIN Option Income Strategy ETF | 13.14% | 35.08M | Jul 2024 | SHRT vs FIAT |
Lowest Volatility Alternatives to SHRT
SHRT has 14.02% 1-year volatility. There are 5 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.29%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short Dow30 | 12.29% | 98.54M | Jun 2006 | SHRT vs DOG | |
| Direxion Daily BRKB Bear 1X Shares | 12.39% | 2.34M | Dec 2024 | SHRT vs BRKD | |
| ProShares Short S&P500 | 12.50% | 869.15M | Jun 2006 | SHRT vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.71% | 233.44M | Jun 2016 | SHRT vs SPDN | |
| YieldMax Short N100 Option Income Strategy ETF | 13.94% | 14.88M | Aug 2024 | SHRT vs YQQQ |
Lowest Drawdown Alternatives to SHRT
SHRT has a 1-year max drawdown of -21.19%. There are 11 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | SHRT vs BRKD | |
| ProShares Short FTSE China 50 | -11.39% | 4.73M | Mar 2010 | SHRT vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 3.01M | Nov 2017 | SHRT vs EMTY | |
| ProShares Short Financials | -14.82% | 13.41M | Jun 2008 | SHRT vs SEF | |
| ProShares Short Dow30 | -15.02% | 98.54M | Jun 2006 | SHRT vs DOG |
Other ETFs from Gotham
The 2 most viewed Gotham ETFs shown here include GSPY, GVLU and span 2 categories. AUM among these funds goes as high as $658M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Gotham Enhanced 500 ETF | Large Cap Blend Equities | 71 | 11.47% | 657.86M | Dec 2020 | SHRT vs GSPY | |
| Gotham 1000 Value ETF | Mid Cap Value Equities | 58 | 10.77% | 204.40M | Jun 2022 | SHRT vs GVLU |
Often Compared With SHRT
Investors most often compare SHRT with VOO, FXAIX, SPY. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare SHRT with Any Fund or Stock
Compare SHRT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SHRT with funds that move differently
Gotham Short Strategies ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SHRT.
Explore SHRT Diversifiers