GARIX vs. GINDX
Compare and contrast key facts about Gotham Absolute Return Fund (GARIX) and Gotham Index Plus Fund (GINDX).
GARIX is managed by Gotham. It was launched on Aug 30, 2012. GINDX is managed by Gotham. It was launched on Mar 31, 2015.
Performance
GARIX vs. GINDX - Performance Comparison
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GARIX vs. GINDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GARIX Gotham Absolute Return Fund | 0.28% | 16.18% | 20.46% | 17.70% | -5.04% | 26.87% | -6.19% | 11.50% | -4.86% | 10.01% |
GINDX Gotham Index Plus Fund | -4.73% | 22.25% | 25.96% | 26.40% | -11.61% | 32.73% | 6.79% | 19.39% | -3.49% | 26.05% |
Returns By Period
In the year-to-date period, GARIX achieves a 0.28% return, which is significantly higher than GINDX's -4.73% return. Over the past 10 years, GARIX has underperformed GINDX with an annualized return of 8.69%, while GINDX has yielded a comparatively higher 14.17% annualized return.
GARIX
- 1D
- 1.51%
- 1M
- -1.96%
- YTD
- 0.28%
- 6M
- 2.80%
- 1Y
- 17.39%
- 3Y*
- 16.76%
- 5Y*
- 12.75%
- 10Y*
- 8.69%
GINDX
- 1D
- 2.50%
- 1M
- -4.33%
- YTD
- -4.73%
- 6M
- -0.60%
- 1Y
- 18.57%
- 3Y*
- 20.79%
- 5Y*
- 14.34%
- 10Y*
- 14.17%
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GARIX vs. GINDX - Expense Ratio Comparison
GARIX has a 1.50% expense ratio, which is higher than GINDX's 1.15% expense ratio.
Return for Risk
GARIX vs. GINDX — Risk / Return Rank
GARIX
GINDX
GARIX vs. GINDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and Gotham Index Plus Fund (GINDX). 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.
| GARIX | GINDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.08 | +0.42 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.63 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.45 | +0.98 |
Martin ratioReturn relative to average drawdown | 12.77 | 6.15 | +6.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GARIX | GINDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.08 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.86 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.78 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.80 | -0.11 |
Correlation
The correlation between GARIX and GINDX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GARIX vs. GINDX - Dividend Comparison
GARIX's dividend yield for the trailing twelve months is around 7.16%, more than GINDX's 3.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GARIX Gotham Absolute Return Fund | 7.16% | 7.18% | 18.74% | 5.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.36% |
GINDX Gotham Index Plus Fund | 3.43% | 3.27% | 2.97% | 4.02% | 1.81% | 5.38% | 1.07% | 1.38% | 2.10% | 0.37% | 0.48% | 0.00% |
Drawdowns
GARIX vs. GINDX - Drawdown Comparison
The maximum GARIX drawdown since its inception was -26.49%, smaller than the maximum GINDX drawdown of -33.70%. Use the drawdown chart below to compare losses from any high point for GARIX and GINDX.
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Drawdown Indicators
| GARIX | GINDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.49% | -33.70% | +7.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -12.28% | +4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.15% | -19.77% | -3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -26.49% | -33.70% | +7.21% |
Current DrawdownCurrent decline from peak | -3.03% | -6.78% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -4.05% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.90% | -1.47% |
Volatility
GARIX vs. GINDX - Volatility Comparison
The current volatility for Gotham Absolute Return Fund (GARIX) is 2.94%, while Gotham Index Plus Fund (GINDX) has a volatility of 4.39%. This indicates that GARIX experiences smaller price fluctuations and is considered to be less risky than GINDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GARIX | GINDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 4.39% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 9.39% | -3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 18.19% | -6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 16.80% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.87% | 18.21% | -4.34% |