GVLU vs. SHRT

Last updated Apr 1, 2026

Compare and contrast key facts about Gotham 1000 Value ETF (GVLU) and Gotham Short Strategies ETF (SHRT).

GVLU and SHRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GVLU is an actively managed fund by Gotham. It was launched on Jun 7, 2022. SHRT is an actively managed fund by Gotham. It was launched on Jul 31, 2017.

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.

GVLU vs. SHRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GVLU Gotham 1000 Value ETF	2.72%	11.24%	11.09%	11.82%
SHRT Gotham Short Strategies ETF	-2.73%	-0.91%	-1.44%	-5.83%

Returns By Period

In the year-to-date period, GVLU achieves a 2.72% return, which is significantly higher than SHRT's -2.73% return.

GVLU

• 1D: 1.78%
• 1M: -4.93%
• YTD: 2.72%
• 6M: 5.75%
• 1Y: 16.92%
• 3Y*: 14.16%
• 5Y*: —
• 10Y*: —

SHRT

• 1D: -1.51%
• 1M: 4.54%
• YTD: -2.73%
• 6M: -1.63%
• 1Y: -8.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GVLU vs. SHRT - Expense Ratio Comparison

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

SHRT

Gotham Short Strategies ETF

GVLU

Gotham 1000 Value ETF

Return for Risk

GVLU vs. SHRT — Risk / Return Rank

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

GVLU

GVLU Risk / Return Rank: 50
GVLU Sharpe Ratio Rank: 49
GVLU Sortino Ratio Rank: 53
GVLU Omega Ratio Rank: 50
GVLU Calmar Ratio Rank: 47
GVLU Martin Ratio Rank: 54

SHRT

SHRT Risk / Return Rank: 3
SHRT Sharpe Ratio Rank: 3
SHRT Sortino Ratio Rank: 2
SHRT Omega Ratio Rank: 3
SHRT Calmar Ratio Rank: 4
SHRT Martin Ratio Rank: 5

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.

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.

	GVLU	SHRT	Difference
Sharpe ratio Return per unit of total volatility	0.87	-0.61	+1.48
Sortino ratio Return per unit of downside risk	1.38	-0.84	+2.21
Omega ratio Gain probability vs. loss probability	1.19	0.91	+0.28
Calmar ratio Return relative to maximum drawdown	1.19	-0.49	+1.67
Martin ratio Return relative to average drawdown	5.22	-0.89	+6.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GVLU vs. SHRT - Sharpe Ratio Comparison

The current GVLU Sharpe Ratio is 0.87, which is higher than the SHRT Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of GVLU and SHRT, 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

	GVLU	SHRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	-0.61	+1.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	-0.36	+0.92

Correlation

The correlation between GVLU and SHRT is -0.38. 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.

Dividends

GVLU vs. SHRT - Dividend Comparison

GVLU's dividend yield for the trailing twelve months is around 6.27%, more than SHRT's 0.07% yield.

	TTM	2025	2024	2023	2022
GVLU Gotham 1000 Value ETF	6.27%	6.44%	2.88%	1.62%	0.98%
SHRT Gotham Short Strategies ETF	0.07%	0.07%	0.85%	0.27%	0.00%

Drawdowns

GVLU vs. SHRT - Drawdown Comparison

The maximum GVLU drawdown since its inception was -20.82%, which is greater than SHRT's maximum drawdown of -18.97%. 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%	-18.97%	-1.85%
Max Drawdown (1Y) Largest decline over 1 year	-14.62%	-17.65%	+3.03%
Current Drawdown Current decline from peak	-5.46%	-12.77%	+7.31%
Average Drawdown Average peak-to-trough decline	-4.23%	-7.21%	+2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	9.62%	-6.30%

Volatility

GVLU vs. SHRT - Volatility Comparison

The current volatility for Gotham 1000 Value ETF (GVLU) is 4.33%, while Gotham Short Strategies ETF (SHRT) has a volatility of 6.06%. This indicates that GVLU 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.

Volatility by Period

	GVLU	SHRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	6.06%	-1.73%
Volatility (6M) Calculated over the trailing 6-month period	9.84%	10.51%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	19.64%	14.59%	+5.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.04%	12.66%	+5.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	12.66%	+5.38%