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BRGOX vs. GONIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

BRGOX vs. GONIX

Last updated Apr 2, 2026

Compare and contrast key facts about Bridgeway Global Opportunities Fund Class N (BRGOX) and Gotham Neutral Fund Institutional Class (GONIX).

BRGOX is an actively managed fund by Bridgeway. It was launched on Oct 15, 2024. GONIX is an actively managed fund by Gotham. It was launched on Aug 30, 2013.

Performance

BRGOX vs. GONIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridgeway Global Opportunities Fund Class N (BRGOX) and Gotham Neutral Fund Institutional Class (GONIX). The values are adjusted to include any dividend payments, if applicable.

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BRGOX vs. GONIX - Yearly Performance Comparison

2026 (YTD)2025
BRGOX
Bridgeway Global Opportunities Fund Class N		6.35%14.76%
GONIX
Gotham Neutral Fund Institutional Class		-1.13%6.60%

Returns By Period

In the year-to-date period, BRGOX achieves a 6.35% return, which is significantly higher than GONIX's -1.13% return.

BRGOX

1D
0.18%
1M
-1.32%
YTD
6.35%
6M
10.90%
1Y
18.58%
3Y*
—
5Y*
—
10Y*
—

GONIX

1D
0.27%
1M
0.68%
YTD
-1.13%
6M
1.09%
1Y
4.21%
3Y*
11.12%
5Y*
10.45%
10Y*
3.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Bridgeway Global Opportunities Fund Class N

Gotham Neutral Fund Institutional Class

Often compared with BRGOX:
BRGOX vs. MMNIXBRGOX vs. QQMNXBRGOX vs. BOSVXBRGOX vs. QMNNXBRGOX vs. BDMAXBRGOX vs. BRAGXBRGOX vs. BRSIX
Often compared with GONIX:
GONIX vs. GARIXGONIX vs. GENIXGONIX vs. GVALXGONIX vs. MMNIXGONIX vs. QQMNXGONIX vs. QMNNXGONIX vs. BDMAX

BRGOX vs. GONIX - Expense Ratio Comparison

BRGOX has a 1.63% expense ratio, which is higher than GONIX's 1.51% expense ratio.

BRGOX
Bridgeway Global Opportunities Fund Class N
GONIX
Gotham Neutral Fund Institutional Class

Return for Risk

BRGOX vs. GONIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BRGOX
BRGOX Risk / Return Rank: 9696
Overall Rank
BRGOX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
BRGOX Sortino Ratio Rank: 9797
Sortino Ratio Rank
BRGOX Omega Ratio Rank: 9494
Omega Ratio Rank
BRGOX Calmar Ratio Rank: 9898
Calmar Ratio Rank
BRGOX Martin Ratio Rank: 9696
Martin Ratio Rank
GONIX
GONIX Risk / Return Rank: 2020
Overall Rank
GONIX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
GONIX Sortino Ratio Rank: 1717
Sortino Ratio Rank
GONIX Omega Ratio Rank: 1616
Omega Ratio Rank
GONIX Calmar Ratio Rank: 3131
Calmar Ratio Rank
GONIX Martin Ratio Rank: 1818
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRGOX vs. GONIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridgeway Global Opportunities Fund Class N (BRGOX) and Gotham Neutral Fund Institutional Class (GONIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

BRGOXGONIXDifference

Sharpe ratio

Return per unit of total volatility

2.41

0.64

+1.77

Sortino ratio

Return per unit of downside risk

3.59

0.93

+2.67

Omega ratio

Gain probability vs. loss probability

1.48

1.13

+0.36

Calmar ratio

Return relative to maximum drawdown

5.36

1.14

+4.22

Martin ratio

Return relative to average drawdown

15.18

2.71

+12.47

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRGOX vs. GONIX - Sharpe Ratio Comparison

The current BRGOX Sharpe Ratio is 2.41, which is higher than the GONIX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of BRGOX and GONIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

BRGOXGONIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

0.64

+1.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.63

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.26

0.49

+1.77

Correlation

The correlation between BRGOX and GONIX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

BRGOX vs. GONIX - Dividend Comparison

BRGOX's dividend yield for the trailing twelve months is around 10.68%, more than GONIX's 0.14% yield.

TTM20252024202320222021202020192018201720162015
BRGOX
Bridgeway Global Opportunities Fund Class N		10.68%11.36%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GONIX
Gotham Neutral Fund Institutional Class		0.14%0.14%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.65%

Drawdowns

BRGOX vs. GONIX - Drawdown Comparison

The maximum BRGOX drawdown since its inception was -3.78%, smaller than the maximum GONIX drawdown of -24.52%. Use the drawdown chart below to compare losses from any high point for BRGOX and GONIX.

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Drawdown Indicators

BRGOXGONIXDifference

Max Drawdown

Largest peak-to-trough decline

-3.78%

-24.52%

+20.74%

Max Drawdown (1Y)

Largest decline over 1 year

-3.78%

-4.13%

+0.35%

Max Drawdown (5Y)

Largest decline over 5 years

—

-6.15%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-22.46%

—

Current Drawdown

Current decline from peak

-1.92%

-1.26%

-0.66%

Average Drawdown

Average peak-to-trough decline

-0.91%

-7.43%

+6.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.34%

1.74%

-0.40%

Volatility

BRGOX vs. GONIX - Volatility Comparison

Bridgeway Global Opportunities Fund Class N (BRGOX) has a higher volatility of 2.03% compared to Gotham Neutral Fund Institutional Class (GONIX) at 1.77%. This indicates that BRGOX's price experiences larger fluctuations and is considered to be riskier than GONIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BRGOXGONIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.03%

1.77%

+0.26%

Volatility (6M)

Calculated over the trailing 6-month period

4.56%

4.26%

+0.30%

Volatility (1Y)

Calculated over the trailing 1-year period

8.06%

6.71%

+1.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.87%

6.45%

+1.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.87%

6.47%

+1.40%