GARIX vs. GC=F

Last updated Jun 13, 2026

GARIX (Gotham Absolute Return Fund) is Long-Short fund managed by Gotham, while GC=F (Gold Futures) is an asset. At a correlation of -0.06, they often move in opposite directions.

Performance

GARIX vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Absolute Return Fund (GARIX) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GARIX

• 1D: 1.25%
• 1M: 1.51%
• YTD: 9.41%
• 6M: 9.67%
• 1Y: 19.56%
• 3Y*: 18.51%
• 5Y*: 13.93%
• 10Y*: 9.83%

GC=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GARIX vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GARIX Gotham Absolute Return Fund	9.41%	16.18%	20.46%	17.70%	-2.01%
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	5.84%

Correlation

The correlation between GARIX and GC=F is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	-0.06

Return for Risk

GARIX vs. GC=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GARIX

GARIX Risk / Return Rank: 87
GARIX Sharpe Ratio Rank: 83
GARIX Sortino Ratio Rank: 81
GARIX Omega Ratio Rank: 77
GARIX Calmar Ratio Rank: 95
GARIX Martin Ratio Rank: 96

GC=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GARIX vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and Gold Futures (GC=F). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GARIX	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	2.33	—	—
Sortino ratio: Return per unit of downside risk	3.27	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	5.05	—	—
Martin ratio: Return relative to average drawdown	20.05	—	—

Drawdowns

Drawdown Indicators

	GARIX	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-26.49%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.49%	—	—
Current Drawdown Current decline from peak	-1.96%	—	—
Average Drawdown Average peak-to-trough decline	-4.51%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	—	—

Volatility

Volatility by Period

	GARIX	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.34%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.90%	—	—

Frequently Asked Questions

Can I hold both GARIX and GC=F in my portfolio?

GARIX and GC=F have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.