GSPFX vs. GLDM
Compare and contrast key facts about Gotham Enhanced S&P 500 Index Fund (GSPFX) and SPDR Gold MiniShares Trust (GLDM).
GSPFX is managed by Gotham. It was launched on Dec 30, 2016. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSPFX or GLDM.
Correlation
The correlation between GSPFX and GLDM is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GSPFX vs. GLDM - Performance Comparison
Key characteristics
GSPFX:
0.78
GLDM:
2.93
GSPFX:
0.97
GLDM:
3.68
GSPFX:
1.20
GLDM:
1.50
GSPFX:
0.98
GLDM:
5.52
GSPFX:
2.83
GLDM:
15.20
GSPFX:
4.55%
GLDM:
2.94%
GSPFX:
16.45%
GLDM:
15.29%
GSPFX:
-36.14%
GLDM:
-21.63%
GSPFX:
-8.68%
GLDM:
-1.48%
Returns By Period
In the year-to-date period, GSPFX achieves a 4.51% return, which is significantly lower than GLDM's 9.96% return.
GSPFX
4.51%
2.71%
0.87%
11.51%
8.94%
N/A
GLDM
9.96%
7.00%
15.01%
43.82%
12.65%
N/A
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GSPFX vs. GLDM - Expense Ratio Comparison
GSPFX has a 0.50% expense ratio, which is higher than GLDM's 0.18% expense ratio.
Risk-Adjusted Performance
GSPFX vs. GLDM — Risk-Adjusted Performance Rank
GSPFX
GLDM
GSPFX vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Enhanced S&P 500 Index Fund (GSPFX) and SPDR Gold MiniShares Trust (GLDM). 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.
Dividends
GSPFX vs. GLDM - Dividend Comparison
GSPFX's dividend yield for the trailing twelve months is around 0.94%, while GLDM has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
GSPFX Gotham Enhanced S&P 500 Index Fund | 0.94% | 0.99% | 1.42% | 0.86% | 1.04% | 0.95% | 1.22% | 2.07% | 1.31% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSPFX vs. GLDM - Drawdown Comparison
The maximum GSPFX drawdown since its inception was -36.14%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for GSPFX and GLDM. For additional features, visit the drawdowns tool.
Volatility
GSPFX vs. GLDM - Volatility Comparison
The current volatility for Gotham Enhanced S&P 500 Index Fund (GSPFX) is 2.81%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 3.75%. This indicates that GSPFX experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.