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ETFs

Gotham Enhanced 500 ETF

GSPY
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 28, 2020
Expense Ratio
0.5%
Type
US Equities
Fund Owner
Gotham ETF
Volume (1m avg. daily)
$73,369
AUM
$295,470,450
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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What is GSPY?

The Gotham Enhanced 500 ETF (GSPY) is an actively managed ETF that buys all 500 stocks in the S&P 500 Index but reweights them, buying more of the ones we think are cheaper and less of the ones we believe are more expensive.

1M
3M
6M
YTD
1Y
3Y
Max
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GSPY
Performance Measures**

for the time period Dec 29, 2020 to Jan 16, 2026

Returns

1M Trailing Return: 2.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 5.8%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -23.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 16.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.91

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.63

The annualized return divided by the max drawdown for the selected time period.

ETFs related toGSPY

ETFs correlated to GSPY include SPUU, PBUS, IVV

GSPY
Tidal ETF Trust - Gotham Enhanced 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toGSPY

Primal Funds › Terra Firma (US Actively Managed)

Category

US equities, active management, value tilt, inflation beneficiaries, long/short, income, quarterly rebalance

OOS Cumulative Return

16.79%

Create your own algorithmic trading strategy with GSPY using Composer

FAQ

GSPY is a US Equities ETF. The Gotham Enhanced 500 ETF (GSPY) is an actively managed ETF that buys all 500 stocks in the S&P 500 Index but reweights them, buying more of the ones we think are cheaper and less of the ones we believe are more expensive.

Yes, GSPY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, GSPY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GSPY is -0.0073%. This is the percent change in the value of GSPY over the most recent 1-month period. The 3-month return on GSPY is 0.0113%. This is the percent change in the value of GSPY over the most recent 3-month period.

The standard deviation of GSPY for the past year is 0.1731%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GSPY include IJH, MDY, and VTI.

ETFs correlated to GSPY include SPUU, PBUS, and IVV.

ETFs that are inversely correlated to GSPY include SH, SDS, and SPDN.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.