GARIX vs. GSPFX
Compare and contrast key facts about Gotham Absolute Return Fund (GARIX) and Gotham Enhanced S&P 500 Index Fund (GSPFX).
GARIX is managed by Gotham. It was launched on Aug 30, 2012. GSPFX is managed by Gotham. It was launched on Dec 30, 2016.
Performance
GARIX vs. GSPFX - Performance Comparison
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GARIX vs. GSPFX - 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% | 9.60% |
GSPFX Gotham Enhanced S&P 500 Index Fund | -3.23% | 16.77% | 22.74% | 25.56% | -14.75% | 27.80% | 13.47% | 28.91% | -1.82% | 24.01% |
Returns By Period
In the year-to-date period, GARIX achieves a 0.28% return, which is significantly higher than GSPFX's -3.23% 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%
GSPFX
- 1D
- 2.70%
- 1M
- -4.94%
- YTD
- -3.23%
- 6M
- -0.26%
- 1Y
- 16.27%
- 3Y*
- 17.60%
- 5Y*
- 11.96%
- 10Y*
- —
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GARIX vs. GSPFX - Expense Ratio Comparison
GARIX has a 1.50% expense ratio, which is higher than GSPFX's 0.50% expense ratio.
Return for Risk
GARIX vs. GSPFX — Risk / Return Rank
GARIX
GSPFX
GARIX vs. GSPFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and Gotham Enhanced S&P 500 Index Fund (GSPFX). 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 | GSPFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 0.95 | +0.55 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.48 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.22 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.13 | +1.30 |
Martin ratioReturn relative to average drawdown | 12.77 | 5.37 | +7.41 |
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 | GSPFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.95 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.68 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.76 | -0.06 |
Correlation
The correlation between GARIX and GSPFX is 0.89, 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. GSPFX - Dividend Comparison
GARIX's dividend yield for the trailing twelve months is around 7.16%, less than GSPFX's 9.99% 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% |
GSPFX Gotham Enhanced S&P 500 Index Fund | 9.99% | 9.67% | 11.01% | 3.15% | 8.37% | 6.67% | 0.95% | 3.41% | 19.92% | 3.45% | 0.00% | 0.00% |
Drawdowns
GARIX vs. GSPFX - Drawdown Comparison
The maximum GARIX drawdown since its inception was -26.49%, smaller than the maximum GSPFX drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for GARIX and GSPFX.
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Drawdown Indicators
| GARIX | GSPFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.49% | -33.10% | +6.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -12.39% | +4.90% |
Max Drawdown (5Y)Largest decline over 5 years | -23.15% | -24.19% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -26.49% | — | — |
Current DrawdownCurrent decline from peak | -3.03% | -5.97% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -4.40% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.72% | -1.29% |
Volatility
GARIX vs. GSPFX - Volatility Comparison
The current volatility for Gotham Absolute Return Fund (GARIX) is 2.94%, while Gotham Enhanced S&P 500 Index Fund (GSPFX) has a volatility of 5.00%. This indicates that GARIX experiences smaller price fluctuations and is considered to be less risky than GSPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GARIX | GSPFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 5.00% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 9.04% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 17.86% | -5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 17.66% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.87% | 18.70% | -4.83% |