Guggenheim Floating Rate Strategies Fund (GIFIX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GIFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GIFIX
GIFIX charges 0.78% annually. There are 25 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | GIFIX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | GIFIX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | GIFIX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | GIFIX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | GIFIX vs LFRIX |
Best Risk-Adjusted Alternatives to GIFIX
GIFIX has a PortfoliosLab risk / return rank of 54. There are 37 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | GIFIX vs RCRIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | GIFIX vs PYFRX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 98 | — | Jun 2023 | GIFIX vs CAPIX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | GIFIX vs SAMBX | |
| PGIM Floating Rate Income Fund | 96 | — | Mar 2011 | GIFIX vs FRFZX |
Top Performing GIFIX Alternatives (YTD)
GIFIX is at 1.04% YTD. There are 28 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.48% | — | Dec 2009 | GIFIX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 3.23% | — | Jan 2017 | GIFIX vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 2.42% | — | Feb 2006 | GIFIX vs SAMBX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.38% | — | Jun 2023 | GIFIX vs CAPIX | |
| PGIM Floating Rate Income Fund | 2.29% | — | Mar 2011 | GIFIX vs FRFZX |
Lowest Volatility Alternatives to GIFIX
GIFIX has 2.37% 1-year volatility. There are 22 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.77% | — | Sep 2016 | GIFIX vs RCRIX | |
| Payden Floating Rate Fund | 1.24% | — | Nov 2013 | GIFIX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.36% | — | Sep 2013 | GIFIX vs DFLYX | |
| Shenkman Capital Floating Rate High Income Fund | 1.67% | — | Oct 2014 | GIFIX vs SFHIX | |
| Donoghue Forlines Risk Managed Income Fund | 1.68% | — | Dec 2017 | GIFIX vs FLOTX |
Lowest Drawdown Alternatives to GIFIX
GIFIX has a 1-year max drawdown of -1.40%. There are 17 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | GIFIX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | GIFIX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | GIFIX vs FRFZX | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | GIFIX vs CFOIX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | GIFIX vs PSFIX |
Other Mutual Funds from Guggenheim
The 10 most viewed Guggenheim mutual funds shown here include GOF, RYOCX, GIBIX and span 12 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Guggenheim Strategic Opportunities Fund | Multisector Bonds, Diversified Portfolio, Actively Managed | 1 | -9.63% | — | Jul 2007 | GIFIX vs GOF | |
| Rydex NASDAQ-100 Fund Investor Class | Large Cap Growth Equities | 66 | 19.89% | — | Feb 1994 | GIFIX vs RYOCX | |
| Guggenheim Total Return Bond Fund | Intermediate Core-Plus Bond | 24 | 0.21% | — | Nov 2011 | GIFIX vs GIBIX | |
| Guggenheim Limited Duration Fund | Short-Term Bond | 86 | 0.69% | — | Dec 2013 | GIFIX vs GILHX | |
| Guggenheim Macro Opportunities Fund | Nontraditional Bonds | 71 | 0.79% | — | Nov 2011 | GIFIX vs GIOIX | |
| Guggenheim High Yield Fund | High Yield Bonds | 37 | 0.70% | — | Aug 1996 | GIFIX vs SIHAX | |
| Guggenheim StylePlus - Large Core Fund | Large Cap Blend Equities | 70 | 13.67% | — | Sep 1962 | GIFIX vs SECEX | |
| Guggenheim Managed Futures Strategy Fund | Systematic Trend | 55 | 7.98% | — | Mar 2007 | GIFIX vs RYMTX | |
| Guggenheim Core Bond Fund Institutional Class | Total Bond Market | 22 | 0.16% | — | — | GIFIX vs GIUSX | |
| Guggenheim StylePlus - Mid Growth Fund | Mid Cap Growth Equities | 26 | 16.03% | — | Sep 1969 | GIFIX vs SECUX |
Often Compared With GIFIX
Investors most often compare GIFIX with PONPX, FLYRX, DDFLX. These 8 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Class I-2 | Total Bond Market | 41 | 0.68% | — | — | GIFIX vs PONPX | |
| Pioneer Floating Rate Fund | Bank Loan | 86 | 1.58% | — | Feb 2007 | GIFIX vs FLYRX | |
| Delaware Floating Rate Fund | Bank Loan | 95 | 1.63% | — | Feb 2010 | GIFIX vs DDFLX | |
| Federated Hermes Floating Rate Strat Inc Fund | Bank Loan | 87 | 0.90% | — | Dec 2010 | GIFIX vs FFRSX | |
| Hartford Floating Rate High Income Fund | Bank Loan | 72 | 0.63% | — | Sep 2011 | GIFIX vs HFHIX | |
| DWS Floating Rate Fund Class S | Bank Loan | — | — | — | Jun 2007 | GIFIX vs DFRPX | |
| DWS Floating Rate Fund | Bank Loan | — | — | — | Jun 2007 | GIFIX vs DFRTX | |
| BlackRock Floating Rate Income Trust | Bank Loan | 2 | 0.07% | — | Aug 2004 | GIFIX vs BGT |
Compare GIFIX with Any Fund or Stock
Compare GIFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GIFIX with funds that move differently
Guggenheim Floating Rate Strategies Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GIFIX.
Explore GIFIX Diversifiers