KCEIX vs. GTRFX

Last updated Apr 1, 2026

Compare and contrast key facts about Knights of Columbus Long/Short Equity Fund (KCEIX) and Gotham Total Return Fund (GTRFX).

KCEIX is managed by Catholic Investor. It was launched on Dec 1, 2019. GTRFX is managed by Gotham. It was launched on Mar 30, 2015.

Performance

KCEIX vs. GTRFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Knights of Columbus Long/Short Equity Fund (KCEIX) and Gotham Total Return Fund (GTRFX). The values are adjusted to include any dividend payments, if applicable.

KCEIX vs. GTRFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
KCEIX Knights of Columbus Long/Short Equity Fund	3.04%	5.51%	15.09%	2.84%	10.41%	16.74%	-11.05%	0.20%
GTRFX Gotham Total Return Fund	-2.40%	15.31%	15.73%	15.29%	-9.82%	27.83%	-11.41%	0.48%

Returns By Period

In the year-to-date period, KCEIX achieves a 3.04% return, which is significantly higher than GTRFX's -2.40% return.

KCEIX

• 1D: -0.23%
• 1M: 2.31%
• YTD: 3.04%
• 6M: 5.67%
• 1Y: 9.14%
• 3Y*: 9.65%
• 5Y*: 9.17%
• 10Y*: —

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%

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

KCEIX vs. GTRFX - Expense Ratio Comparison

KCEIX has a 1.50% expense ratio, which is higher than GTRFX's 0.00% expense ratio.

KCEIX

Knights of Columbus Long/Short Equity Fund

GTRFX

Gotham Total Return Fund

Return for Risk

KCEIX vs. GTRFX — Risk / Return Rank

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

KCEIX

KCEIX Risk / Return Rank: 83
KCEIX Sharpe Ratio Rank: 81
KCEIX Sortino Ratio Rank: 83
KCEIX Omega Ratio Rank: 77
KCEIX Calmar Ratio Rank: 91
KCEIX Martin Ratio Rank: 82

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

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.

KCEIX vs. GTRFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Knights of Columbus Long/Short Equity Fund (KCEIX) and Gotham Total Return Fund (GTRFX). 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.

	KCEIX	GTRFX	Difference
Sharpe ratio Return per unit of total volatility	1.48	0.91	+0.57
Sortino ratio Return per unit of downside risk	2.16	1.41	+0.75
Omega ratio Gain probability vs. loss probability	1.29	1.20	+0.09
Calmar ratio Return relative to maximum drawdown	2.67	0.99	+1.68
Martin ratio Return relative to average drawdown	8.16	4.82	+3.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KCEIX vs. GTRFX - Sharpe Ratio Comparison

The current KCEIX Sharpe Ratio is 1.48, which is higher than the GTRFX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of KCEIX and GTRFX, 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

	KCEIX	GTRFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	0.91	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.31	0.74	+0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.60	+0.20

Correlation

The correlation between KCEIX and GTRFX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

KCEIX vs. GTRFX - Dividend Comparison

KCEIX's dividend yield for the trailing twelve months is around 1.20%, less than GTRFX's 9.77% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KCEIX Knights of Columbus Long/Short Equity Fund	1.20%	1.66%	2.35%	2.20%	7.60%	0.00%	0.14%	0.00%	0.00%	0.00%	0.00%
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%

Drawdowns

KCEIX vs. GTRFX - Drawdown Comparison

The maximum KCEIX drawdown since its inception was -16.07%, smaller than the maximum GTRFX drawdown of -29.58%. Use the drawdown chart below to compare losses from any high point for KCEIX and GTRFX.

Drawdown Indicators

	KCEIX	GTRFX	Difference
Max Drawdown Largest peak-to-trough decline	-16.07%	-29.58%	+13.51%
Max Drawdown (1Y) Largest decline over 1 year	-3.50%	-11.23%	+7.73%
Max Drawdown (5Y) Largest decline over 5 years	-7.12%	-18.51%	+11.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.58%	—
Current Drawdown Current decline from peak	-0.23%	-6.47%	+6.24%
Average Drawdown Average peak-to-trough decline	-3.55%	-4.34%	+0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	2.31%	-1.16%

Volatility

KCEIX vs. GTRFX - Volatility Comparison

The current volatility for Knights of Columbus Long/Short Equity Fund (KCEIX) is 1.39%, while Gotham Total Return Fund (GTRFX) has a volatility of 2.88%. This indicates that KCEIX experiences smaller price fluctuations and is considered to be less risky than GTRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KCEIX	GTRFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	2.88%	-1.49%
Volatility (6M) Calculated over the trailing 6-month period	3.79%	7.29%	-3.50%
Volatility (1Y) Calculated over the trailing 1-year period	6.52%	14.47%	-7.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.02%	13.54%	-6.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.07%	13.89%	-5.82%