GVLU vs. SHRT

Last updated Aug 4, 2026

GVLU (Gotham 1000 Value ETF) and SHRT (Gotham Short Strategies ETF) are both exchange-traded funds - GVLU is a Mid Cap Value Equities fund actively managed by Gotham, while SHRT is a Inverse Equities fund actively managed by Gotham. Both are actively managed. Over the past year, GVLU returned 26.11% vs -15.96% for SHRT. Their -0.32 correlation means they have often moved in opposite directions in the past. GVLU charges 0.51%/yr vs 1.35%/yr for SHRT.

Performance

GVLU vs. SHRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham 1000 Value ETF (GVLU) and Gotham Short Strategies ETF (SHRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GVLU achieves a 14.14% return, which is significantly higher than SHRT's -14.58% return.

GVLU

• 1D: 0.98%
• 1M: 4.56%
• 6M: 9.08%
• YTD: 14.14%
• 1Y: 26.11%
• 3Y*: 14.59%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.89%

SHRT

• 1D: -1.40%
• 1M: 1.58%
• 6M: -12.27%
• YTD: -14.58%
• 1Y: -15.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -8.31%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GVLU Gotham 1000 Value ETF	$115.55K	$133.52K	$132.79K
SHRT Gotham Short Strategies ETF	$279.70K	$140.77K	$64.30K

GVLU vs. SHRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GVLU Gotham 1000 Value ETF	14.14%	11.24%	11.09%	10.92%
SHRT Gotham Short Strategies ETF	-14.58%	-0.91%	-1.44%	-5.51%

Correlation

The correlation between GVLU and SHRT is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023	-0.32

The correlation between GVLU and SHRT shifts across timeframes, from -0.32 (all time) to -0.12 (1 year), reflecting how their relationship changes across market environments.

GVLU vs. SHRT - Sectors Allocation Comparison

Sectors	GVLU	SHRT
Consumer Cyclical	18.4%	10.7%
Technology	16.1%	17.0%
Financial Services	14.8%	1.2%
Healthcare	11.0%	10.4%
Industrials	10.5%	13.5%
Consumer Defensive	9.0%	6.7%
Energy	8.7%	5.4%
Basic Materials	7.5%	18.3%
Communication Services	3.2%	2.1%
Real Estate	0.7%	-
Utilities	0.2%	0.0%

Return for Risk

GVLU vs. SHRT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GVLU

GVLU Risk / Return Rank: 82
GVLU Sharpe Ratio Rank: 82
GVLU Sortino Ratio Rank: 87
GVLU Omega Ratio Rank: 79
GVLU Calmar Ratio Rank: 83
GVLU Martin Ratio Rank: 79

SHRT

SHRT Risk / Return Rank: 1
SHRT Sharpe Ratio Rank: 1
SHRT Sortino Ratio Rank: 1
SHRT Omega Ratio Rank: 2
SHRT Calmar Ratio Rank: 3
SHRT Martin Ratio Rank: 0

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GVLU vs. SHRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham 1000 Value ETF (GVLU) 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.

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.

	GVLU	SHRT	Difference
Sharpe ratio: Return per unit of total volatility	2.00	-1.13	+3.13
Sortino ratio: Return per unit of downside risk	3.05	-1.63	+4.68
Omega ratio: Gain probability vs. loss probability	1.35	0.82	+0.53
Calmar ratio: Return relative to maximum drawdown	3.22	-0.76	+3.98
Martin ratio: Return relative to average drawdown	10.78	-1.61	+12.39

GVLU vs. SHRT - Sharpe Ratio Comparison

The current GVLU Sharpe Ratio is 2.00, which is higher than the SHRT Sharpe Ratio of -1.13. The chart below compares the historical Sharpe Ratios of GVLU and SHRT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GVLU vs. SHRT - Drawdown Comparison

The maximum GVLU drawdown since its inception was -20.82%, smaller than the maximum SHRT drawdown of -27.84%. Use the drawdown chart below to compare losses from any high point for GVLU and SHRT.

Drawdown Indicators

	GVLU	SHRT	Difference
Max Drawdown Largest peak-to-trough decline	-20.82%	-27.84%	+7.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-21.19%	+13.05%
Max Drawdown (3Y) Largest decline over 3 years	-20.82%	—	—
Current Drawdown Current decline from peak	-0.41%	-23.39%	+22.98%
Average Drawdown Average peak-to-trough decline	-4.05%	-9.07%	+5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	9.94%	-7.51%

Volatility

GVLU vs. SHRT - Volatility Comparison

Gotham 1000 Value ETF (GVLU) has a higher volatility of 3.92% compared to Gotham Short Strategies ETF (SHRT) at 3.40%. This indicates that GVLU's price experiences larger fluctuations and is considered to be riskier than SHRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVLU	SHRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	3.40%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	11.99%	-2.51%
Volatility (1Y) Calculated over the trailing 1-year period	13.17%	14.19%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	13.00%	+4.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	13.00%	+4.62%

GVLU vs. SHRT - Expense Ratio Comparison

GVLU has a 0.51% expense ratio, which is lower than SHRT's 1.35% expense ratio.

Dividends

GVLU vs. SHRT - Dividend Comparison

GVLU's dividend yield for the trailing twelve months is around 5.64%, more than SHRT's 0.08% yield.

Position	TTM	2025	2024	2023	2022
GVLU Gotham 1000 Value ETF	5.64%	6.44%	2.88%	1.62%	0.98%
SHRT Gotham Short Strategies ETF	0.08%	0.07%	0.85%	0.27%	0.00%

Frequently Asked Questions

Can I hold both GVLU and SHRT in my portfolio?

GVLU and SHRT have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GVLU or SHRT?

GVLU has higher volatility (3.92%) compared to SHRT (3.40%). In terms of maximum drawdown, GVLU dropped -20.82% vs SHRT's -27.84%.

Which ETF is better, GVLU or SHRT?

On 1-year performance, GVLU leads with 26.11% vs -15.96% for SHRT. On fees, GVLU is cheaper at 0.51% per year. On volatility, SHRT has been the lower-risk option at 3.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GVLU or SHRT?

Over the 1-year period, GVLU has performed better with a 26.11% return vs -15.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GVLU or SHRT?

GVLU is cheaper with a 0.51% expense ratio, compared with 1.35% for SHRT.

Which ETF pays a higher dividend yield, GVLU or SHRT?

GVLU has the higher dividend yield at 5.64%, compared with 0.08% for SHRT.

What is the main difference between GVLU and SHRT?

GVLU is categorized as Mid Cap Value Equities, while SHRT is Inverse Equities. Their fees differ too: 0.51% for GVLU and 1.35% for SHRT.

Which has better risk-adjusted returns?

GVLU currently has the higher Sharpe Ratio (2.00 vs -1.13), 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.