GTRFX vs. GVALX

Last updated Apr 1, 2026

Compare and contrast key facts about Gotham Total Return Fund (GTRFX) and Gotham Large Value Fund (GVALX).

GTRFX is managed by Gotham. It was launched on Mar 30, 2015. GVALX is managed by Gotham. It was launched on Dec 31, 2015.

Performance

GTRFX vs. GVALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Total Return Fund (GTRFX) and Gotham Large Value Fund (GVALX). The values are adjusted to include any dividend payments, if applicable.

GTRFX vs. GVALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GTRFX Gotham Total Return Fund	-2.40%	15.31%	15.73%	15.29%	-9.82%	27.83%	-11.41%	5.09%
GVALX Gotham Large Value Fund	1.49%	13.83%	11.88%	11.74%	-6.84%	28.96%	3.42%	12.79%

Returns By Period

In the year-to-date period, GTRFX achieves a -2.40% return, which is significantly lower than GVALX's 1.49% return.

GTRFX

• 1D: -0.08%
• 1M: -6.20%
• YTD: -2.40%
• 6M: 0.98%
• 1Y: 12.36%
• 3Y*: 13.98%
• 5Y*: 9.90%
• 10Y*: 7.89%

GVALX

• 1D: -0.28%
• 1M: -7.46%
• YTD: 1.49%
• 6M: 4.69%
• 1Y: 12.67%
• 3Y*: 12.73%
• 5Y*: 9.42%
• 10Y*: —

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

GTRFX vs. GVALX - Expense Ratio Comparison

GTRFX has a 0.00% expense ratio, which is lower than GVALX's 1.05% expense ratio.

GVALX

Gotham Large Value Fund

GTRFX

Gotham Total Return Fund

Return for Risk

GTRFX vs. GVALX — Risk / Return Rank

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

GTRFX

GTRFX Risk / Return Rank: 46
GTRFX Sharpe Ratio Rank: 46
GTRFX Sortino Ratio Rank: 51
GTRFX Omega Ratio Rank: 48
GTRFX Calmar Ratio Rank: 37
GTRFX Martin Ratio Rank: 48

GVALX

GVALX Risk / Return Rank: 41
GVALX Sharpe Ratio Rank: 41
GVALX Sortino Ratio Rank: 44
GVALX Omega Ratio Rank: 41
GVALX Calmar Ratio Rank: 37
GVALX Martin Ratio Rank: 43

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.

GTRFX vs. GVALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Total Return Fund (GTRFX) and Gotham Large Value Fund (GVALX). 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.

	GTRFX	GVALX	Difference
Sharpe ratio Return per unit of total volatility	0.91	0.86	+0.05
Sortino ratio Return per unit of downside risk	1.41	1.32	+0.09
Omega ratio Gain probability vs. loss probability	1.20	1.18	+0.02
Calmar ratio Return relative to maximum drawdown	0.99	1.00	-0.01
Martin ratio Return relative to average drawdown	4.82	4.41	+0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTRFX vs. GVALX - Sharpe Ratio Comparison

The current GTRFX Sharpe Ratio is 0.91, which is comparable to the GVALX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of GTRFX and GVALX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GTRFX	GVALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	0.86	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.61	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.53	+0.06

Correlation

The correlation between GTRFX and GVALX is 0.90, 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.

Dividends

GTRFX vs. GVALX - Dividend Comparison

GTRFX's dividend yield for the trailing twelve months is around 9.77%, less than GVALX's 11.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GTRFX Gotham Total Return Fund	9.77%	9.53%	11.50%	7.27%	10.25%	4.66%	0.71%	6.06%	1.48%	0.33%	0.05%
GVALX Gotham Large Value Fund	11.64%	11.81%	10.72%	9.77%	7.59%	18.49%	1.61%	2.40%	0.00%	0.00%	0.00%

Drawdowns

GTRFX vs. GVALX - Drawdown Comparison

The maximum GTRFX drawdown since its inception was -29.58%, smaller than the maximum GVALX drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for GTRFX and GVALX.

Drawdown Indicators

	GTRFX	GVALX	Difference
Max Drawdown Largest peak-to-trough decline	-29.58%	-38.56%	+8.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.23%	-12.06%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-18.51%	-18.68%	+0.17%
Max Drawdown (10Y) Largest decline over 10 years	-29.58%	—	—
Current Drawdown Current decline from peak	-6.47%	-7.46%	+0.99%
Average Drawdown Average peak-to-trough decline	-4.34%	-4.52%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.73%	-0.42%

Volatility

GTRFX vs. GVALX - Volatility Comparison

The current volatility for Gotham Total Return Fund (GTRFX) is 2.88%, while Gotham Large Value Fund (GVALX) has a volatility of 3.31%. This indicates that GTRFX experiences smaller price fluctuations and is considered to be less risky than GVALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTRFX	GVALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	3.31%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	7.29%	8.08%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	14.47%	16.01%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	15.41%	-1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.89%	19.66%	-5.77%