Guggenheim Floating Rate Strategies Fund (GIFIX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Guggenheim Floating Rate Strategies Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Guggenheim Floating Rate Strategies Fund (GIFIX) has returned -1.13% so far this year and 2.65% over the past 12 months. Over the last ten years, GIFIX has returned 4.28% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 3, 2012, GIFIX's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, your investment would double in approximately 14.8 years.

Historically, 77% of months were positive and 23% were negative. The best month was Apr 2020 with a return of +4.3%, while the worst month was Mar 2020 at -12.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, GIFIX closed higher 38% of trading days. The best single day was Mar 31, 2020 with a return of +2.1%, while the worst single day was Mar 19, 2020 at -3.0%.

Guggenheim Floating Rate Strategies Fund has an annualized alpha of 3.94%, beta of 0.06, and R² of 0.10 versus S&P 500 Index. Calculated based on daily prices since January 04, 2012.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.21%) than losses (9.45%) — typical of diversified or defensive assets.
• Beta of 0.06 may look defensive, but with R² of 0.10 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.10 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

GIFIX has an expense ratio of 0.78%, placing it in the medium range.

GIFIX ranks 69 for risk / return — better than 69% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Guggenheim Floating Rate Strategies Fund (GIFIX) and compare them to a chosen benchmark (S&P 500 Index).

Guggenheim Floating Rate Strategies Fund provided a 6.71% dividend yield over the last twelve months, with an annual payout of $1.54 per share.

The table displays the monthly dividend distributions for Guggenheim Floating Rate Strategies Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Guggenheim Floating Rate Strategies Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Guggenheim Floating Rate Strategies Fund was 19.03%, occurring on Mar 24, 2020. Recovery took 177 trading sessions.

The current Guggenheim Floating Rate Strategies Fund drawdown is 1.26%.

The chart below shows the rolling one-month volatility.