GARIX vs. GTAPX

Last updated Apr 1, 2026

Compare and contrast key facts about Gotham Absolute Return Fund (GARIX) and Quantitative U.S. Long/Short Equity Portfolio (GTAPX).

GARIX is managed by Gotham. It was launched on Aug 30, 2012. GTAPX is managed by Glenmede. It was launched on Sep 28, 2006.

Performance

GARIX vs. GTAPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Absolute Return Fund (GARIX) and Quantitative U.S. Long/Short Equity Portfolio (GTAPX). The values are adjusted to include any dividend payments, if applicable.

GARIX vs. GTAPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GARIX Gotham Absolute Return Fund	-1.21%	16.18%	20.46%	17.70%	-5.04%	26.87%	-6.19%	11.50%	-4.86%	10.01%
GTAPX Quantitative U.S. Long/Short Equity Portfolio	2.33%	12.79%	13.28%	4.42%	3.16%	17.72%	-5.16%	3.26%	-8.65%	8.74%

Returns By Period

In the year-to-date period, GARIX achieves a -1.21% return, which is significantly lower than GTAPX's 2.33% return. Over the past 10 years, GARIX has outperformed GTAPX with an annualized return of 8.52%, while GTAPX has yielded a comparatively lower 5.30% annualized return.

GARIX

• 1D: -0.42%
• 1M: -3.77%
• YTD: -1.21%
• 6M: 1.41%
• 1Y: 16.00%
• 3Y*: 16.18%
• 5Y*: 12.59%
• 10Y*: 8.52%

GTAPX

• 1D: -0.30%
• 1M: -0.30%
• YTD: 2.33%
• 6M: 6.61%
• 1Y: 14.22%
• 3Y*: 10.52%
• 5Y*: 9.15%
• 10Y*: 5.30%

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

GARIX vs. GTAPX - Expense Ratio Comparison

GARIX has a 1.50% expense ratio, which is higher than GTAPX's 1.25% expense ratio.

GARIX

Gotham Absolute Return Fund

GTAPX

Quantitative U.S. Long/Short Equity Portfolio

Return for Risk

GARIX vs. GTAPX — Risk / Return Rank

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

GARIX

GARIX Risk / Return Rank: 82
GARIX Sharpe Ratio Rank: 78
GARIX Sortino Ratio Rank: 80
GARIX Omega Ratio Rank: 80
GARIX Calmar Ratio Rank: 83
GARIX Martin Ratio Rank: 91

GTAPX

GTAPX Risk / Return Rank: 90
GTAPX Sharpe Ratio Rank: 89
GTAPX Sortino Ratio Rank: 91
GTAPX Omega Ratio Rank: 85
GTAPX Calmar Ratio Rank: 94
GTAPX Martin Ratio Rank: 93

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. GTAPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and Quantitative U.S. Long/Short Equity Portfolio (GTAPX). 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	GTAPX	Difference
Sharpe ratio Return per unit of total volatility	1.40	1.83	-0.42
Sortino ratio Return per unit of downside risk	2.02	2.66	-0.63
Omega ratio Gain probability vs. loss probability	1.31	1.35	-0.04
Calmar ratio Return relative to maximum drawdown	2.02	3.11	-1.09
Martin ratio Return relative to average drawdown	10.65	11.29	-0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GARIX vs. GTAPX - Sharpe Ratio Comparison

The current GARIX Sharpe Ratio is 1.40, which is comparable to the GTAPX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of GARIX and GTAPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GARIX	GTAPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.83	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.85	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.52	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.39	+0.30

Correlation

The correlation between GARIX and GTAPX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GARIX vs. GTAPX - Dividend Comparison

GARIX's dividend yield for the trailing twelve months is around 7.26%, less than GTAPX's 16.26% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GARIX Gotham Absolute Return Fund	7.26%	7.18%	18.74%	5.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.36%
GTAPX Quantitative U.S. Long/Short Equity Portfolio	16.26%	16.63%	11.79%	11.23%	0.00%	0.00%	0.00%	0.96%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GARIX vs. GTAPX - Drawdown Comparison

The maximum GARIX drawdown since its inception was -26.49%, smaller than the maximum GTAPX drawdown of -30.40%. Use the drawdown chart below to compare losses from any high point for GARIX and GTAPX.

Drawdown Indicators

	GARIX	GTAPX	Difference
Max Drawdown Largest peak-to-trough decline	-26.49%	-30.40%	+3.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.49%	-4.15%	-3.34%
Max Drawdown (5Y) Largest decline over 5 years	-23.15%	-12.21%	-10.94%
Max Drawdown (10Y) Largest decline over 10 years	-26.49%	-30.40%	+3.91%
Current Drawdown Current decline from peak	-4.47%	-1.27%	-3.20%
Average Drawdown Average peak-to-trough decline	-4.57%	-7.09%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	1.19%	+0.23%

Volatility

GARIX vs. GTAPX - Volatility Comparison

Gotham Absolute Return Fund (GARIX) has a higher volatility of 2.43% compared to Quantitative U.S. Long/Short Equity Portfolio (GTAPX) at 2.07%. This indicates that GARIX's price experiences larger fluctuations and is considered to be riskier than GTAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GARIX	GTAPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.43%	2.07%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	6.02%	5.13%	+0.89%
Volatility (1Y) Calculated over the trailing 1-year period	11.81%	8.19%	+3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.34%	10.89%	+4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.86%	10.20%	+3.66%