Correlation
The correlation between GVALX and SPY is 0.88, 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.
GVALX vs. SPY
Compare and contrast key facts about Gotham Large Value Fund (GVALX) and SPDR S&P 500 ETF (SPY).
GVALX is managed by Gotham. It was launched on Dec 31, 2015. 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: GVALX or SPY.
Performance
GVALX vs. SPY - Performance Comparison
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Key characteristics
GVALX:
0.06
SPY:
0.70
GVALX:
0.17
SPY:
1.02
GVALX:
1.03
SPY:
1.15
GVALX:
0.03
SPY:
0.68
GVALX:
0.08
SPY:
2.57
GVALX:
9.09%
SPY:
4.93%
GVALX:
19.51%
SPY:
20.42%
GVALX:
-38.56%
SPY:
-55.19%
GVALX:
-17.21%
SPY:
-3.55%
Returns By Period
In the year-to-date period, GVALX achieves a 2.75% return, which is significantly higher than SPY's 0.87% return.
GVALX
2.75%
3.50%
-12.25%
1.11%
0.15%
4.48%
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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GVALX vs. SPY - Expense Ratio Comparison
GVALX has a 1.05% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GVALX vs. SPY — Risk-Adjusted Performance Rank
GVALX
SPY
GVALX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Large Value Fund (GVALX) 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
GVALX vs. SPY - Dividend Comparison
GVALX's dividend yield for the trailing twelve months is around 10.43%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVALX Gotham Large Value Fund | 10.43% | 10.72% | 9.76% | 7.59% | 18.49% | 1.61% | 2.40% | 1.07% | 13.58% | 2.37% | 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
GVALX vs. SPY - Drawdown Comparison
The maximum GVALX drawdown since its inception was -38.56%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GVALX and SPY.
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Volatility
GVALX vs. SPY - Volatility Comparison
Gotham Large Value Fund (GVALX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.88% 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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