GSPY vs. FTIF

Last updated Jun 4, 2026

GSPY (Gotham Enhanced 500 ETF) and FTIF (First Trust Bloomberg Inflation Sensitive Equity ETF) are both Large Cap Blend Equities funds. GSPY is actively managed, while FTIF is passively managed. Over the past 3 years, GSPY returned 22.28%/yr vs 16.19%/yr for FTIF. A 0.60 correlation means they provide meaningful diversification when combined. GSPY charges 0.50%/yr vs 0.60%/yr for FTIF.

Performance

GSPY vs. FTIF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Enhanced 500 ETF (GSPY) and First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSPY achieves a 11.17% return, which is significantly lower than FTIF's 25.81% return.

GSPY

• 1D: -0.61%
• 1M: 5.33%
• YTD: 11.17%
• 6M: 11.90%
• 1Y: 29.37%
• 3Y*: 22.28%
• 5Y*: 13.71%
• 10Y*: —

FTIF

• 1D: 0.65%
• 1M: 0.40%
• YTD: 25.81%
• 6M: 24.44%
• 1Y: 36.91%
• 3Y*: 16.19%
• 5Y*: —
• 10Y*: —

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

GSPY vs. FTIF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GSPY Gotham Enhanced 500 ETF	11.17%	18.28%	23.58%	22.95%
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF	25.81%	7.79%	0.50%	12.52%

Correlation

The correlation between GSPY and FTIF is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since Mar 15, 2023	0.60

The correlation between GSPY and FTIF shifts across timeframes, from 0.46 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

GSPY vs. FTIF - Sectors Allocation Comparison

Sectors	GSPY	FTIF
Technology	36.0%	4.1%
Financial Services	11.7%	-
Communication Services	10.5%	-
Consumer Cyclical	10.3%	3.2%
Healthcare	9.6%	-
Industrials	8.6%	16.5%
Consumer Defensive	6.0%	-
Energy	3.2%	44.1%
Real Estate	2.2%	12.1%
Basic Materials	1.3%	20.1%
Utilities	0.8%	-

Return for Risk

GSPY vs. FTIF — Risk / Return Rank

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

GSPY

GSPY Risk / Return Rank: 72
GSPY Sharpe Ratio Rank: 72
GSPY Sortino Ratio Rank: 68
GSPY Omega Ratio Rank: 72
GSPY Calmar Ratio Rank: 69
GSPY Martin Ratio Rank: 79

FTIF

FTIF Risk / Return Rank: 81
FTIF Sharpe Ratio Rank: 77
FTIF Sortino Ratio Rank: 76
FTIF Omega Ratio Rank: 72
FTIF Calmar Ratio Rank: 93
FTIF Martin Ratio Rank: 89

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.

GSPY vs. FTIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Enhanced 500 ETF (GSPY) and First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF). 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.

	GSPY	FTIF	Difference
Sharpe ratio: Return per unit of total volatility	2.38	2.48	-0.10
Sortino ratio: Return per unit of downside risk	3.14	3.41	-0.27
Omega ratio: Gain probability vs. loss probability	1.44	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.42	6.79	-3.37
Martin ratio: Return relative to average drawdown	15.45	20.14	-4.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSPY vs. FTIF - Sharpe Ratio Comparison

The current GSPY Sharpe Ratio is 2.38, which is comparable to the FTIF Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of GSPY and FTIF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSPY	FTIF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	2.48	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.75	+0.20

Drawdowns

GSPY vs. FTIF - Drawdown Comparison

The maximum GSPY drawdown since its inception was -23.30%, smaller than the maximum FTIF drawdown of -27.83%. Use the drawdown chart below to compare losses from any high point for GSPY and FTIF.

Drawdown Indicators

	GSPY	FTIF	Difference
Max Drawdown Largest peak-to-trough decline	-23.30%	-27.83%	+4.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-5.46%	-3.16%
Max Drawdown (3Y) Largest decline over 3 years	-18.67%	-27.83%	+9.16%
Max Drawdown (5Y) Largest decline over 5 years	-23.30%	—	—
Current Drawdown Current decline from peak	-0.67%	-0.50%	-0.17%
Average Drawdown Average peak-to-trough decline	-4.76%	-6.00%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.84%	+0.07%

Volatility

GSPY vs. FTIF - Volatility Comparison

The current volatility for Gotham Enhanced 500 ETF (GSPY) is 2.81%, while First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) has a volatility of 4.05%. This indicates that GSPY experiences smaller price fluctuations and is considered to be less risky than FTIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSPY	FTIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	4.05%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	10.55%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	15.00%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.55%	18.96%	-2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.32%	18.96%	-2.64%

GSPY vs. FTIF - Expense Ratio Comparison

GSPY has a 0.50% expense ratio, which is lower than FTIF's 0.60% expense ratio.

Dividends

GSPY vs. FTIF - Dividend Comparison

GSPY's dividend yield for the trailing twelve months is around 2.35%, more than FTIF's 1.11% yield.

Position	TTM	2025	2024	2023	2022	2021
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF	1.11%	1.45%	2.88%	1.55%	0.00%	0.00%
GSPY Gotham Enhanced 500 ETF	2.35%	2.61%	0.84%	1.06%	1.25%	0.23%

Frequently Asked Questions

Can I hold both GSPY and FTIF in my portfolio?

GSPY and FTIF have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSPY or FTIF?

FTIF has higher volatility (4.05%) compared to GSPY (2.81%). In terms of maximum drawdown, GSPY dropped -23.30% vs FTIF's -27.83%.

Which ETF is better, GSPY or FTIF?

On 3-year performance, GSPY leads with 22.28% vs 16.19% for FTIF. On fees, GSPY is cheaper at 0.50% per year. On volatility, GSPY has been the lower-risk option at 2.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSPY or FTIF?

Over the 3-year period, GSPY has performed better with a 22.28% return vs 16.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSPY or FTIF?

GSPY is cheaper with a 0.50% expense ratio, compared with 0.60% for FTIF.

Which ETF pays a higher dividend yield, GSPY or FTIF?

GSPY has the higher dividend yield at 2.35%, compared with 1.11% for FTIF.

What is the main difference between GSPY and FTIF?

They also come from different issuers: Gotham and First Trust. Their fees differ too: 0.50% for GSPY and 0.60% for FTIF.

Which has better risk-adjusted returns?

FTIF currently has the higher Sharpe Ratio (2.48 vs 2.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.