GARIX vs. SAOAX
Compare and contrast key facts about Gotham Absolute Return Fund (GARIX) and Guggenheim Alpha Opportunity Fund (SAOAX).
GARIX is managed by Gotham. It was launched on Aug 30, 2012. SAOAX is managed by Guggenheim. It was launched on Jul 6, 2003.
Performance
GARIX vs. SAOAX - Performance Comparison
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GARIX vs. SAOAX - 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% |
SAOAX Guggenheim Alpha Opportunity Fund | 10.98% | -2.00% | 10.49% | 8.81% | -8.66% | 14.38% | 0.17% | -2.26% | -11.25% | 7.48% |
Returns By Period
In the year-to-date period, GARIX achieves a 0.28% return, which is significantly lower than SAOAX's 10.98% return. Over the past 10 years, GARIX has outperformed SAOAX with an annualized return of 8.69%, while SAOAX has yielded a comparatively lower 2.97% 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%
SAOAX
- 1D
- 0.77%
- 1M
- 0.29%
- YTD
- 10.98%
- 6M
- 12.29%
- 1Y
- 3.61%
- 3Y*
- 8.23%
- 5Y*
- 4.80%
- 10Y*
- 2.97%
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GARIX vs. SAOAX - Expense Ratio Comparison
GARIX has a 1.50% expense ratio, which is lower than SAOAX's 1.76% expense ratio.
Return for Risk
GARIX vs. SAOAX — Risk / Return Rank
GARIX
SAOAX
GARIX vs. SAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and Guggenheim Alpha Opportunity Fund (SAOAX). 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 | SAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 0.08 | +1.42 |
Sortino ratioReturn per unit of downside risk | 2.16 | 0.63 | +1.53 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 0.19 | +2.24 |
Martin ratioReturn relative to average drawdown | 12.77 | 0.96 | +11.81 |
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 | SAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.08 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.17 | +0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.14 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.30 | +0.39 |
Correlation
The correlation between GARIX and SAOAX is 0.57, 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. SAOAX - Dividend Comparison
GARIX's dividend yield for the trailing twelve months is around 7.16%, more than SAOAX's 0.64% 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% |
SAOAX Guggenheim Alpha Opportunity Fund | 0.64% | 0.71% | 1.06% | 0.62% | 0.72% | 0.82% | 1.22% | 0.92% | 1.17% | 7.07% | 0.03% | 0.00% |
Drawdowns
GARIX vs. SAOAX - Drawdown Comparison
The maximum GARIX drawdown since its inception was -26.49%, smaller than the maximum SAOAX drawdown of -52.28%. Use the drawdown chart below to compare losses from any high point for GARIX and SAOAX.
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Drawdown Indicators
| GARIX | SAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.49% | -52.28% | +25.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -6.53% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.15% | -35.90% | +12.75% |
Max Drawdown (10Y)Largest decline over 10 years | -26.49% | -35.90% | +9.41% |
Current DrawdownCurrent decline from peak | -3.03% | 0.00% | -3.03% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -8.77% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 6.97% | -5.54% |
Volatility
GARIX vs. SAOAX - Volatility Comparison
Gotham Absolute Return Fund (GARIX) and Guggenheim Alpha Opportunity Fund (SAOAX) have volatilities of 2.94% and 2.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GARIX | SAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.89% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 6.07% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 61.24% | -49.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 28.68% | -13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.87% | 21.13% | -7.26% |