GARIX vs. NLSIX
Compare and contrast key facts about Gotham Absolute Return Fund (GARIX) and Neuberger Berman Long Short Fund (NLSIX).
GARIX is managed by Gotham. It was launched on Aug 30, 2012. NLSIX is managed by Neuberger Berman. It was launched on Dec 28, 2011.
Performance
GARIX vs. NLSIX - Performance Comparison
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GARIX vs. NLSIX - 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% |
NLSIX Neuberger Berman Long Short Fund | -2.39% | 7.20% | 7.47% | 13.10% | -6.85% | 9.01% | 15.27% | 17.11% | -6.92% | 13.39% |
Returns By Period
In the year-to-date period, GARIX achieves a 0.28% return, which is significantly higher than NLSIX's -2.39% return. Over the past 10 years, GARIX has outperformed NLSIX with an annualized return of 8.69%, while NLSIX has yielded a comparatively lower 6.51% 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%
NLSIX
- 1D
- 1.29%
- 1M
- -1.65%
- YTD
- -2.39%
- 6M
- -1.80%
- 1Y
- 4.47%
- 3Y*
- 6.86%
- 5Y*
- 4.89%
- 10Y*
- 6.51%
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GARIX vs. NLSIX - Expense Ratio Comparison
GARIX has a 1.50% expense ratio, which is higher than NLSIX's 1.28% expense ratio.
Return for Risk
GARIX vs. NLSIX — Risk / Return Rank
GARIX
NLSIX
GARIX vs. NLSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and Neuberger Berman Long Short Fund (NLSIX). 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 | NLSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 0.75 | +0.75 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.15 | +1.01 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 0.93 | +1.51 |
Martin ratioReturn relative to average drawdown | 12.77 | 3.48 | +9.30 |
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 | NLSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.75 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.74 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.89 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.92 | -0.23 |
Correlation
The correlation between GARIX and NLSIX is 0.74, 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. NLSIX - Dividend Comparison
GARIX's dividend yield for the trailing twelve months is around 7.16%, more than NLSIX's 0.05% 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% |
NLSIX Neuberger Berman Long Short Fund | 0.05% | 0.05% | 0.02% | 0.97% | 7.01% | 1.13% | 2.15% | 2.39% | 5.91% | 0.00% | 0.00% | 0.01% |
Drawdowns
GARIX vs. NLSIX - Drawdown Comparison
The maximum GARIX drawdown since its inception was -26.49%, which is greater than NLSIX's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for GARIX and NLSIX.
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Drawdown Indicators
| GARIX | NLSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.49% | -14.75% | -11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -4.39% | -3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -23.15% | -10.79% | -12.36% |
Max Drawdown (10Y)Largest decline over 10 years | -26.49% | -14.75% | -11.74% |
Current DrawdownCurrent decline from peak | -3.03% | -3.16% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -2.03% | -2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.17% | +0.26% |
Volatility
GARIX vs. NLSIX - Volatility Comparison
Gotham Absolute Return Fund (GARIX) has a higher volatility of 2.94% compared to Neuberger Berman Long Short Fund (NLSIX) at 2.36%. This indicates that GARIX's price experiences larger fluctuations and is considered to be riskier than NLSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GARIX | NLSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.36% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 3.63% | +2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 6.46% | +5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 6.65% | +8.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.87% | 7.31% | +6.56% |