GSPY vs. SHRT
Compare and contrast key facts about Gotham Enhanced 500 ETF (GSPY) and Gotham Short Strategies ETF (SHRT).
GSPY and SHRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSPY is an actively managed fund by Gotham. It was launched on Dec 28, 2020. SHRT is an actively managed fund by Gotham. It was launched on Jul 31, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSPY or SHRT.
Correlation
The correlation between GSPY and SHRT is -0.54. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GSPY vs. SHRT - Performance Comparison
Key characteristics
GSPY:
1.99
SHRT:
-0.57
GSPY:
2.68
SHRT:
-0.73
GSPY:
1.36
SHRT:
0.91
GSPY:
3.09
SHRT:
-0.50
GSPY:
12.65
SHRT:
-1.03
GSPY:
1.94%
SHRT:
6.00%
GSPY:
12.35%
SHRT:
10.90%
GSPY:
-23.30%
SHRT:
-12.31%
GSPY:
0.00%
SHRT:
-10.91%
Returns By Period
In the year-to-date period, GSPY achieves a 4.37% return, which is significantly higher than SHRT's -1.56% return.
GSPY
4.37%
1.93%
9.99%
23.41%
N/A
N/A
SHRT
-1.56%
-3.07%
-7.79%
-4.86%
N/A
N/A
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GSPY vs. SHRT - Expense Ratio Comparison
GSPY has a 0.50% expense ratio, which is lower than SHRT's 1.35% expense ratio.
Risk-Adjusted Performance
GSPY vs. SHRT — Risk-Adjusted Performance Rank
GSPY
SHRT
GSPY vs. SHRT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Enhanced 500 ETF (GSPY) and Gotham Short Strategies ETF (SHRT). 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
GSPY vs. SHRT - Dividend Comparison
GSPY's dividend yield for the trailing twelve months is around 0.81%, less than SHRT's 0.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
GSPY Gotham Enhanced 500 ETF | 0.81% | 0.84% | 1.06% | 1.25% | 0.24% |
SHRT Gotham Short Strategies ETF | 0.86% | 0.85% | 0.28% | 0.00% | 0.00% |
Drawdowns
GSPY vs. SHRT - Drawdown Comparison
The maximum GSPY drawdown since its inception was -23.30%, which is greater than SHRT's maximum drawdown of -12.31%. Use the drawdown chart below to compare losses from any high point for GSPY and SHRT. For additional features, visit the drawdowns tool.
Volatility
GSPY vs. SHRT - Volatility Comparison
The current volatility for Gotham Enhanced 500 ETF (GSPY) is 3.07%, while Gotham Short Strategies ETF (SHRT) has a volatility of 3.54%. This indicates that GSPY experiences smaller price fluctuations and is considered to be less risky than SHRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.