Correlation
The correlation between GDLFX and SPLG 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.
GDLFX vs. SPLG
Compare and contrast key facts about Gotham Defensive Long 500 Fund (GDLFX) and SPDR Portfolio S&P 500 ETF (SPLG).
GDLFX is managed by Gotham. It was launched on Sep 29, 2016. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDLFX or SPLG.
Performance
GDLFX vs. SPLG - Performance Comparison
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Key characteristics
GDLFX:
1.33
SPLG:
0.73
GDLFX:
1.87
SPLG:
1.04
GDLFX:
1.26
SPLG:
1.15
GDLFX:
1.40
SPLG:
0.68
GDLFX:
5.66
SPLG:
2.58
GDLFX:
3.39%
SPLG:
4.93%
GDLFX:
14.78%
SPLG:
19.61%
GDLFX:
-32.56%
SPLG:
-54.52%
GDLFX:
-0.62%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, GDLFX achieves a 8.29% return, which is significantly higher than SPLG's 0.89% return.
GDLFX
8.29%
5.51%
4.50%
19.55%
12.72%
11.79%
N/A
SPLG
0.89%
6.33%
-1.55%
14.28%
14.31%
15.91%
12.72%
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GDLFX vs. SPLG - Expense Ratio Comparison
GDLFX has a 1.35% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
GDLFX vs. SPLG — Risk-Adjusted Performance Rank
GDLFX
SPLG
GDLFX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Defensive Long 500 Fund (GDLFX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
GDLFX vs. SPLG - Dividend Comparison
GDLFX's dividend yield for the trailing twelve months is around 2.49%, more than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDLFX Gotham Defensive Long 500 Fund | 2.49% | 2.69% | 0.00% | 0.26% | 0.61% | 1.13% | 1.42% | 8.82% | 0.63% | 0.00% | 0.00% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
GDLFX vs. SPLG - Drawdown Comparison
The maximum GDLFX drawdown since its inception was -32.56%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for GDLFX and SPLG.
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Volatility
GDLFX vs. SPLG - Volatility Comparison
The current volatility for Gotham Defensive Long 500 Fund (GDLFX) is 3.80%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.80%. This indicates that GDLFX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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