GTAPX vs. RLSIX
GTAPX (Quantitative U.S. Long/Short Equity Portfolio) and RLSIX (RiverPark Long/Short Opportunity Fund) are both Long-Short funds. Over the past 10 years, GTAPX returned 6.13%/yr vs 6.42%/yr for RLSIX. Their 0.34 correlation means their historical movements had little consistent relationship. GTAPX charges 1.25%/yr vs 1.75%/yr for RLSIX.
Performance
GTAPX vs. RLSIX - Performance Comparison
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Returns By Period
In the year-to-date period, GTAPX achieves a 9.72% return, which is significantly higher than RLSIX's -3.17% return. Both investments have delivered pretty close results over the past 10 years, with GTAPX having a 6.13% annualized return and RLSIX not far ahead at 6.42%.
GTAPX
- 1D
- 0.21%
- 1M
- 5.25%
- 6M
- 7.39%
- YTD
- 9.72%
- 1Y
- 18.62%
- 3Y*
- 11.96%
- 5Y*
- 9.97%
- 10Y*
- 6.13%
- ALL TIME*
- 4.00%
RLSIX
- 1D
- 1.35%
- 1M
- -1.19%
- 6M
- -1.12%
- YTD
- -3.17%
- 1Y
- 1.49%
- 3Y*
- 9.67%
- 5Y*
- -5.72%
- 10Y*
- 6.42%
- ALL TIME*
- 6.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GTAPX vs. RLSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTAPX Quantitative U.S. Long/Short Equity Portfolio | 9.72% | 12.79% | 13.28% | 4.42% | 3.16% | 17.72% | -5.16% | 3.26% | -8.65% | 8.74% |
RLSIX RiverPark Long/Short Opportunity Fund | -3.17% | 8.57% | 16.06% | 43.85% | -53.89% | 2.10% | 54.74% | 20.00% | -2.20% | 22.10% |
Correlation
The correlation between GTAPX and RLSIX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2010 | 0.34 |
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Return for Risk
GTAPX vs. RLSIX — Risk / Return Rank
GTAPX
RLSIX
GTAPX vs. RLSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quantitative U.S. Long/Short Equity Portfolio (GTAPX) and RiverPark Long/Short Opportunity Fund (RLSIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GTAPX | RLSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +4.11 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.01 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 6.37 | -0.02 | +6.38 |
| Martin ratioReturn relative to average drawdown | 20.02 | -0.05 | +20.07 |
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Drawdowns
GTAPX vs. RLSIX - Drawdown Comparison
The maximum GTAPX drawdown since its inception was -30.40%, smaller than the maximum RLSIX drawdown of -60.82%. Use the drawdown chart below to compare losses from any high point for GTAPX and RLSIX.
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Drawdown Indicators
| GTAPX | RLSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.40% | -60.82% | +30.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -14.56% | +11.55% |
Max Drawdown (3Y)Largest decline over 3 years | -12.21% | -17.62% | +5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -12.21% | -60.82% | +48.61% |
Max Drawdown (10Y)Largest decline over 10 years | -30.40% | -60.82% | +30.42% |
Current DrawdownCurrent decline from peak | 0.00% | -28.20% | +28.20% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -15.22% | +8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 5.42% | -4.47% |
Volatility
GTAPX vs. RLSIX - Volatility Comparison
The current volatility for Quantitative U.S. Long/Short Equity Portfolio (GTAPX) is 2.03%, while RiverPark Long/Short Opportunity Fund (RLSIX) has a volatility of 3.43%. This indicates that GTAPX experiences smaller price fluctuations and is considered to be less risky than RLSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTAPX | RLSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 3.43% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 10.31% | -4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.96% | 12.58% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.89% | 24.95% | -14.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.24% | 21.56% | -11.32% |
GTAPX vs. RLSIX - Expense Ratio Comparison
GTAPX has a 1.25% expense ratio, which is lower than RLSIX's 1.75% expense ratio.
Dividends
GTAPX vs. RLSIX - Dividend Comparison
GTAPX's dividend yield for the trailing twelve months is around 14.99%, while RLSIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GTAPX Quantitative U.S. Long/Short Equity Portfolio | 14.99% | 16.63% | 11.79% | 11.23% | 0.00% | 0.00% | 0.00% | 0.96% | 0.00% | 0.00% |
RLSIX RiverPark Long/Short Opportunity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.94% | 11.66% | 1.26% |
Frequently Asked Questions
GTAPX and RLSIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLSIX has higher volatility (3.43%) compared to GTAPX (2.03%). In terms of maximum drawdown, GTAPX dropped -30.40% vs RLSIX's -60.82%.
GTAPX currently has the higher Sharpe Ratio (2.75 vs -0.02), 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.
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