GENIX vs. ^GSPC
Compare and contrast key facts about Gotham Enhanced Return Fund (GENIX) and S&P 500 (^GSPC).
GENIX is managed by Gotham. It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GENIX or ^GSPC.
Correlation
The correlation between GENIX and ^GSPC is 0.91, 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.
Performance
GENIX vs. ^GSPC - Performance Comparison
Key characteristics
GENIX:
-0.51
^GSPC:
0.24
GENIX:
-0.47
^GSPC:
0.47
GENIX:
0.90
^GSPC:
1.07
GENIX:
-0.39
^GSPC:
0.24
GENIX:
-1.10
^GSPC:
1.08
GENIX:
12.18%
^GSPC:
4.25%
GENIX:
26.39%
^GSPC:
19.00%
GENIX:
-55.97%
^GSPC:
-56.78%
GENIX:
-30.08%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, GENIX achieves a -8.66% return, which is significantly higher than ^GSPC's -10.18% return. Over the past 10 years, GENIX has underperformed ^GSPC with an annualized return of -1.16%, while ^GSPC has yielded a comparatively higher 9.65% annualized return.
GENIX
-8.66%
-7.08%
-26.45%
-11.87%
4.75%
-1.16%
^GSPC
-10.18%
-6.71%
-9.92%
6.35%
13.40%
9.65%
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Risk-Adjusted Performance
GENIX vs. ^GSPC — Risk-Adjusted Performance Rank
GENIX
^GSPC
GENIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Enhanced Return Fund (GENIX) and S&P 500 (^GSPC). 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.
Drawdowns
GENIX vs. ^GSPC - Drawdown Comparison
The maximum GENIX drawdown since its inception was -55.97%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GENIX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GENIX vs. ^GSPC - Volatility Comparison
Gotham Enhanced Return Fund (GENIX) and S&P 500 (^GSPC) have volatilities of 14.19% and 13.60%, 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.