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.
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.
Performance
GSPFX vs. SPY - Performance Comparison
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Key characteristics
GSPFX:
0.11
SPY:
0.70
GSPFX:
0.22
SPY:
1.02
GSPFX:
1.04
SPY:
1.15
GSPFX:
0.05
SPY:
0.68
GSPFX:
0.13
SPY:
2.57
GSPFX:
9.45%
SPY:
4.93%
GSPFX:
22.15%
SPY:
20.42%
GSPFX:
-36.14%
SPY:
-55.19%
GSPFX:
-12.42%
SPY:
-3.55%
Returns By Period
In the year-to-date period, GSPFX achieves a 0.23% return, which is significantly lower than SPY's 0.87% return.
GSPFX
0.23%
5.02%
-11.82%
1.39%
6.57%
9.94%
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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.
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Dividends
GSPFX vs. SPY - Dividend Comparison
GSPFX's dividend yield for the trailing twelve months is around 10.99%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSPFX Gotham Enhanced S&P 500 Index Fund | 10.99% | 11.01% | 3.15% | 8.37% | 6.67% | 0.95% | 3.41% | 19.92% | 3.44% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 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.
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Volatility
GSPFX vs. SPY - Volatility Comparison
Gotham Enhanced S&P 500 Index Fund (GSPFX) and SPDR S&P 500 ETF (SPY) have volatilities of 5.01% and 4.86%, 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.
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