GINDX vs. GVALX

Last updated Apr 1, 2026

Compare and contrast key facts about Gotham Index Plus Fund (GINDX) and Gotham Large Value Fund (GVALX).

GINDX is managed by Gotham. It was launched on Mar 31, 2015. GVALX is managed by Gotham. It was launched on Dec 31, 2015.

Performance

GINDX vs. GVALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Index Plus Fund (GINDX) and Gotham Large Value Fund (GVALX). The values are adjusted to include any dividend payments, if applicable.

GINDX vs. GVALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GINDX Gotham Index Plus Fund	-7.06%	22.25%	25.96%	26.40%	-11.61%	32.73%	6.79%	9.92%
GVALX Gotham Large Value Fund	1.49%	13.83%	11.88%	11.74%	-6.84%	28.96%	3.42%	12.79%

Returns By Period

In the year-to-date period, GINDX achieves a -7.06% return, which is significantly lower than GVALX's 1.49% return.

GINDX

• 1D: -0.33%
• 1M: -6.66%
• YTD: -7.06%
• 6M: -2.63%
• 1Y: 16.54%
• 3Y*: 19.80%
• 5Y*: 14.02%
• 10Y*: 13.89%

GVALX

• 1D: -0.28%
• 1M: -7.46%
• YTD: 1.49%
• 6M: 4.69%
• 1Y: 12.67%
• 3Y*: 12.73%
• 5Y*: 9.42%
• 10Y*: —

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

GINDX vs. GVALX - Expense Ratio Comparison

GINDX has a 1.15% expense ratio, which is higher than GVALX's 1.05% expense ratio.

GINDX

Gotham Index Plus Fund

GVALX

Gotham Large Value Fund

Return for Risk

GINDX vs. GVALX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GINDX

GINDX Risk / Return Rank: 52
GINDX Sharpe Ratio Rank: 51
GINDX Sortino Ratio Rank: 55
GINDX Omega Ratio Rank: 56
GINDX Calmar Ratio Rank: 47
GINDX Martin Ratio Rank: 51

GVALX

GVALX Risk / Return Rank: 41
GVALX Sharpe Ratio Rank: 41
GVALX Sortino Ratio Rank: 44
GVALX Omega Ratio Rank: 41
GVALX Calmar Ratio Rank: 37
GVALX Martin Ratio Rank: 43

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.

GINDX vs. GVALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Index Plus Fund (GINDX) and Gotham Large Value Fund (GVALX). 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.

	GINDX	GVALX	Difference
Sharpe ratio Return per unit of total volatility	0.96	0.86	+0.11
Sortino ratio Return per unit of downside risk	1.47	1.32	+0.15
Omega ratio Gain probability vs. loss probability	1.22	1.18	+0.03
Calmar ratio Return relative to maximum drawdown	1.16	1.00	+0.16
Martin ratio Return relative to average drawdown	4.96	4.41	+0.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GINDX vs. GVALX - Sharpe Ratio Comparison

The current GINDX Sharpe Ratio is 0.96, which is comparable to the GVALX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of GINDX and GVALX, 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

	GINDX	GVALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	0.86	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.61	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.53	+0.25

Correlation

The correlation between GINDX and GVALX is 0.86, 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

GINDX vs. GVALX - Dividend Comparison

GINDX's dividend yield for the trailing twelve months is around 3.51%, less than GVALX's 11.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GINDX Gotham Index Plus Fund	3.51%	3.27%	2.97%	4.02%	1.81%	5.38%	1.07%	1.38%	2.10%	0.37%	0.48%
GVALX Gotham Large Value Fund	11.64%	11.81%	10.72%	9.77%	7.59%	18.49%	1.61%	2.40%	0.00%	0.00%	0.00%

Drawdowns

GINDX vs. GVALX - Drawdown Comparison

The maximum GINDX drawdown since its inception was -33.70%, smaller than the maximum GVALX drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for GINDX and GVALX.

Drawdown Indicators

	GINDX	GVALX	Difference
Max Drawdown Largest peak-to-trough decline	-33.70%	-38.56%	+4.86%
Max Drawdown (1Y) Largest decline over 1 year	-12.28%	-12.06%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-19.77%	-18.68%	-1.09%
Max Drawdown (10Y) Largest decline over 10 years	-33.70%	—	—
Current Drawdown Current decline from peak	-9.06%	-7.46%	-1.60%
Average Drawdown Average peak-to-trough decline	-4.05%	-4.52%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	2.73%	+0.14%

Volatility

GINDX vs. GVALX - Volatility Comparison

Gotham Index Plus Fund (GINDX) and Gotham Large Value Fund (GVALX) have volatilities of 3.40% and 3.31%, 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.

Volatility by Period

	GINDX	GVALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	3.31%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	8.08%	+0.99%
Volatility (1Y) Calculated over the trailing 1-year period	18.06%	16.01%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	15.41%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	19.66%	-1.46%