GSPFX vs. SPY
Compare and contrast key facts about Gotham Enhanced S&P 500 Index Fund (GSPFX) and SPDR S&P 500 ETF (SPY).
GSPFX is managed by Gotham. It was launched on Dec 30, 2016. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSPFX or SPY.
Correlation
The correlation between GSPFX and SPY is 0.98, 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
GSPFX vs. SPY - Performance Comparison
Key characteristics
GSPFX:
0.76
SPY:
1.88
GSPFX:
0.94
SPY:
2.53
GSPFX:
1.19
SPY:
1.35
GSPFX:
0.95
SPY:
2.83
GSPFX:
2.68
SPY:
11.74
GSPFX:
4.64%
SPY:
2.02%
GSPFX:
16.44%
SPY:
12.64%
GSPFX:
-36.14%
SPY:
-55.19%
GSPFX:
-8.38%
SPY:
-0.42%
Returns By Period
In the year-to-date period, GSPFX achieves a 4.85% return, which is significantly higher than SPY's 4.15% return.
GSPFX
4.85%
1.36%
0.87%
12.48%
9.28%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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GSPFX vs. SPY - Expense Ratio Comparison
GSPFX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GSPFX vs. SPY — Risk-Adjusted Performance Rank
GSPFX
SPY
GSPFX vs. SPY - 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 S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
GSPFX's dividend yield for the trailing twelve months is around 0.94%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GSPFX vs. SPY - Drawdown Comparison
The maximum GSPFX drawdown since its inception was -36.14%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GSPFX and SPY. For additional features, visit the drawdowns tool.
Volatility
GSPFX vs. SPY - Volatility Comparison
The current volatility for Gotham Enhanced S&P 500 Index Fund (GSPFX) is 2.57%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that GSPFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.