Gotham Short Strategies ETF
$6.760.00 (+0.05%)
- 1.35%
- $12M
- −10.0%
- 0.08%
- 0M sh
- $6.77
- low $6.07high $7.65
The ETF.net SHRT Grade
D
Score 26 out of 100
- 27 of 30
Score 26 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D31 out of 100Rank 21 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F18 out of 100Rank 27 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F19 out of 100Rank 27 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 17 of 30
Our read on SHRT
DMost short products just flip an index upside down and reset daily. This one doesn't: Gotham runs an active long/short book of US stocks and swaps, held at roughly 50% net short, measured against the S&P 500.
The Fund seeks long-term capital appreciation and positive returns during declining markets. It actively manages long and short equity and equity-related positions, primarily in companies traded on U.S. markets, targeting approximately 50% net short exposure.
Why people hold it
- Targets about 50% net short: long and short positions in US-traded stocks and equity swaps, actively managed rather than a daily-resetting inverse index tracker.
- Both sides of the book are picked by Gotham, and the fund measures itself against the S&P 500 Total Return Index rather than a bear-market benchmark.
- Hedge-fund-style shorting delivered in a plain 1940 Act ETF: intraday trading, daily pricing, ordinary brokerage access.
- The mandate is explicit about what it is for: capital appreciation with positive returns sought during declining markets, stated in the fund's own filings.
Worth knowing
- Net short by design. The portfolio is built to lean against the US market, so it moves broadly opposite to the stocks most investors already own.
- At 1.36% a year it costs more than the typical fund in its alternatives peer group. Running an active short book is expensive work.
- A small, lightly traded fund, so bid-ask spreads can run wider than on large index ETFs.
SHRT Holdings
- Stocks
- 427
- 66%
- Cash & Other
Sectors
- Industrials22.3%
- Technology18.9%
- Materials14.1%
- Consumer Discretionary13.8%
- Health Care11.7%
- Energy10.0%
- Consumer Staples6.4%
- Communication2.5%
- Financials0.2%
Geography
- United States83.64%
- Canada5.06%
- Switzerland4.33%
- United Kingdom2.53%
- Ireland1.51%
- Australia1.10%
- Netherlands0.81%
- Germany0.58%
- 0.44%
SHRT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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SHRT$9,002
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SHRT |
|---|---|
| Year to date | −11.2% |
| 1 month | +0.7% |
| 3 months | +5.2% |
| 1 year | −10.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SHRT |
|---|---|---|
| 2026 YTD | −11.2% | |
| 2025 | −0.8% | |
| 2024 | −1.5% | |
| 2023 | −5.8% |
SHRT in the news
SHRT Dividends
- 0.08%
- $0.0052
- $0.0052 per share
- Annual
Distribution history
SHRT Risk
- 13.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.73
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −27.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.60
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SHRT Cost
1.35%
SHRT1.35%
- The middle half of Alternative Strategies funds
- Median 1.00%
20 of the 30 Alternative Strategies funds charge less.
Other funds in Alternative Strategies
- DLSEQHarbor Long-Short Equity ETF (LSEQ)Expense ratio 2.28%1 year return +28.0%
- DQISSimplify Multi-QIS Alternative ETFExpense ratio 1.21%1 year return −36.1%
- DORRMilitia Long/Short Equity ETFExpense ratio 10.91%1 year return +25.7%
- DEHLSEven Herd Long Short ETFExpense ratio 2.62%1 year return +7.2%
- FHDGEAdvisorShares Active Bear ETFExpense ratio 3.62%1 year return −7.1%