GSPFX vs. DGRO
Compare and contrast key facts about Gotham Enhanced S&P 500 Index Fund (GSPFX) and iShares Core Dividend Growth ETF (DGRO).
GSPFX is managed by Gotham. It was launched on Dec 30, 2016. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Performance
GSPFX vs. DGRO - Performance Comparison
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GSPFX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSPFX Gotham Enhanced S&P 500 Index Fund | -3.23% | 16.77% | 22.74% | 25.56% | -14.75% | 27.80% | 13.47% | 28.91% | -1.82% | 24.01% |
DGRO iShares Core Dividend Growth ETF | 1.60% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 22.32% |
Returns By Period
In the year-to-date period, GSPFX achieves a -3.23% return, which is significantly lower than DGRO's 1.60% return.
GSPFX
- 1D
- 2.70%
- 1M
- -4.94%
- YTD
- -3.23%
- 6M
- -0.26%
- 1Y
- 16.27%
- 3Y*
- 17.60%
- 5Y*
- 11.96%
- 10Y*
- —
DGRO
- 1D
- 0.03%
- 1M
- -4.46%
- YTD
- 1.60%
- 6M
- 3.88%
- 1Y
- 16.44%
- 3Y*
- 14.60%
- 5Y*
- 10.14%
- 10Y*
- 12.81%
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GSPFX vs. DGRO - Expense Ratio Comparison
GSPFX has a 0.50% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Return for Risk
GSPFX vs. DGRO — Risk / Return Rank
GSPFX
DGRO
GSPFX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Enhanced S&P 500 Index Fund (GSPFX) and iShares Core Dividend Growth ETF (DGRO). 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.
| GSPFX | DGRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.14 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.66 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.48 | -0.34 |
Martin ratioReturn relative to average drawdown | 5.37 | 6.80 | -1.44 |
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
| GSPFX | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.14 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.74 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.73 | +0.02 |
Correlation
The correlation between GSPFX and DGRO is 0.88, 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
GSPFX vs. DGRO - Dividend Comparison
GSPFX's dividend yield for the trailing twelve months is around 9.99%, more than DGRO's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSPFX Gotham Enhanced S&P 500 Index Fund | 9.99% | 9.67% | 11.01% | 3.15% | 8.37% | 6.67% | 0.95% | 3.41% | 19.92% | 3.45% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.10% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
Drawdowns
GSPFX vs. DGRO - Drawdown Comparison
The maximum GSPFX drawdown since its inception was -33.10%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for GSPFX and DGRO.
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Drawdown Indicators
| GSPFX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.10% | -35.10% | +2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -12.39% | -10.92% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -19.31% | -4.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -5.97% | -4.70% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -3.48% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.37% | +0.35% |
Volatility
GSPFX vs. DGRO - Volatility Comparison
Gotham Enhanced S&P 500 Index Fund (GSPFX) has a higher volatility of 5.00% compared to iShares Core Dividend Growth ETF (DGRO) at 3.57%. This indicates that GSPFX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSPFX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 3.57% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 7.21% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.86% | 14.47% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 13.84% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 16.63% | +2.07% |