GARIX vs. PHSWX

Last updated Apr 1, 2026

Compare and contrast key facts about Gotham Absolute Return Fund (GARIX) and Parvin Hedged Equity Solari World Fund (PHSWX).

GARIX is managed by Gotham. It was launched on Aug 30, 2012. PHSWX is managed by Parvin Funds. It was launched on Jan 27, 2021.

Performance

GARIX vs. PHSWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Absolute Return Fund (GARIX) and Parvin Hedged Equity Solari World Fund (PHSWX). The values are adjusted to include any dividend payments, if applicable.

GARIX vs. PHSWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GARIX Gotham Absolute Return Fund	-1.21%	16.18%	20.46%	17.70%	-5.04%	27.49%
PHSWX Parvin Hedged Equity Solari World Fund	4.82%	22.65%	1.35%	1.80%	-12.69%	3.47%

Returns By Period

In the year-to-date period, GARIX achieves a -1.21% return, which is significantly lower than PHSWX's 4.82% 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%

PHSWX

• 1D: -0.36%
• 1M: -11.50%
• YTD: 4.82%
• 6M: 5.04%
• 1Y: 19.46%
• 3Y*: 8.80%
• 5Y*: 3.75%
• 10Y*: —

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

GARIX vs. PHSWX - Expense Ratio Comparison

GARIX has a 1.50% expense ratio, which is higher than PHSWX's 0.01% expense ratio.

GARIX

Gotham Absolute Return Fund

PHSWX

Parvin Hedged Equity Solari World Fund

Return for Risk

GARIX vs. PHSWX — 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

PHSWX

PHSWX Risk / Return Rank: 60
PHSWX Sharpe Ratio Rank: 70
PHSWX Sortino Ratio Rank: 68
PHSWX Omega Ratio Rank: 57
PHSWX Calmar Ratio Rank: 55
PHSWX Martin Ratio Rank: 50

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. PHSWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and Parvin Hedged Equity Solari World Fund (PHSWX). 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	PHSWX	Difference
Sharpe ratio Return per unit of total volatility	1.40	1.24	+0.16
Sortino ratio Return per unit of downside risk	2.02	1.71	+0.31
Omega ratio Gain probability vs. loss probability	1.31	1.22	+0.08
Calmar ratio Return relative to maximum drawdown	2.02	1.31	+0.71
Martin ratio Return relative to average drawdown	10.65	4.99	+5.67
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. PHSWX - Sharpe Ratio Comparison

The current GARIX Sharpe Ratio is 1.40, which is comparable to the PHSWX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of GARIX and PHSWX, 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	PHSWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.24	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.00	+0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.00	+0.68

Correlation

The correlation between GARIX and PHSWX is 0.44, 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. PHSWX - Dividend Comparison

GARIX's dividend yield for the trailing twelve months is around 7.26%, more than PHSWX's 0.46% 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%
PHSWX Parvin Hedged Equity Solari World Fund	0.46%	0.49%	1.12%	2.04%	2.24%	2.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GARIX vs. PHSWX - Drawdown Comparison

The maximum GARIX drawdown since its inception was -26.49%, smaller than the maximum PHSWX drawdown of -94.47%. Use the drawdown chart below to compare losses from any high point for GARIX and PHSWX.

Drawdown Indicators

	GARIX	PHSWX	Difference
Max Drawdown Largest peak-to-trough decline	-26.49%	-94.47%	+67.98%
Max Drawdown (1Y) Largest decline over 1 year	-7.49%	-14.06%	+6.57%
Max Drawdown (5Y) Largest decline over 5 years	-23.15%	-94.47%	+71.32%
Max Drawdown (10Y) Largest decline over 10 years	-26.49%	—	—
Current Drawdown Current decline from peak	-4.47%	-93.08%	+88.61%
Average Drawdown Average peak-to-trough decline	-4.57%	-27.28%	+22.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	3.70%	-2.28%

Volatility

GARIX vs. PHSWX - Volatility Comparison

The current volatility for Gotham Absolute Return Fund (GARIX) is 2.43%, while Parvin Hedged Equity Solari World Fund (PHSWX) has a volatility of 6.32%. This indicates that GARIX experiences smaller price fluctuations and is considered to be less risky than PHSWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GARIX	PHSWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.43%	6.32%	-3.89%
Volatility (6M) Calculated over the trailing 6-month period	6.02%	13.14%	-7.12%
Volatility (1Y) Calculated over the trailing 1-year period	11.81%	15.44%	-3.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.34%	1,067.69%	-1,052.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.86%	1,043.51%	-1,029.65%