Guggenheim Floating Rate Strategies Fund (GIFIX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to GIFIX
GIFIX charges 0.78% annually. Among mutual funds in the Bank Loan category, these options have the lowest expense ratios among GIFIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | Jan 31, 2017 | GIFIX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | Mar 16, 2008 | GIFIX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | Oct 14, 2014 | GIFIX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | Jan 30, 2008 | GIFIX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | Dec 30, 2007 | GIFIX vs LFRIX |
Best Risk-Adjusted Alternatives to GIFIX
Among mutual funds in the Bank Loan category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 100 | Jun 8, 2023 | GIFIX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 98 | Sep 29, 2016 | GIFIX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | 94 | Feb 28, 2006 | GIFIX vs SAMBX | |
| Delaware Floating Rate Fund | 94 | Feb 25, 2010 | GIFIX vs DDFLX | |
| Payden Floating Rate Fund | 94 | Nov 10, 2013 | GIFIX vs PYFRX |
Top Performing GIFIX Alternatives (YTD)
GIFIX alternatives from the Bank Loan category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.80% | Jun 8, 2023 | GIFIX vs CAPIX | |
| Victory Floating Rate Fund | 1.46% | Dec 30, 2009 | GIFIX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 1.41% | Jan 31, 2017 | GIFIX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.88% | Sep 29, 2016 | GIFIX vs RCRIX | |
| DWS Floating Rate Fund | 0.51% | Jun 28, 2007 | GIFIX vs DFRTX |
Lowest Volatility Alternatives to GIFIX
GIFIX alternatives from the Bank Loan category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.21% | Jun 8, 2023 | GIFIX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 1.54% | Sep 29, 2016 | GIFIX vs RCRIX | |
| BNY Mellon Floating Rate Income Fund | 1.99% | Sep 26, 2013 | GIFIX vs DFLYX | |
| Payden Floating Rate Fund | 2.04% | Nov 10, 2013 | GIFIX vs PYFRX | |
| Shenkman Capital Floating Rate High Income Fund | 2.16% | Oct 14, 2014 | GIFIX vs SFHIX |
Lowest Drawdown Alternatives to GIFIX
GIFIX alternatives from the Bank Loan category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | -0.37% | Jun 8, 2023 | GIFIX vs CAPIX | |
| Federated Hermes Floating Rate Strat Inc Fund | -1.40% | Dec 2, 2010 | GIFIX vs FFRSX | |
| Pioneer Floating Rate Fund | -1.64% | Feb 13, 2007 | GIFIX vs FLYRX | |
| Delaware Floating Rate Fund | -1.65% | Feb 25, 2010 | GIFIX vs DDFLX | |
| BNY Mellon Floating Rate Income Fund | -1.73% | Sep 26, 2013 | GIFIX vs DFLYX |
Other Mutual Funds from Guggenheim
Most popular Guggenheim mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Guggenheim Strategic Opportunities Fund | Derivative Income | 1 | -10.50% | Jul 26, 2007 | GIFIX vs GOF | |
| Rydex NASDAQ-100 Fund Investor Class | Large Cap Growth Equities | 45 | -9.21% | Feb 14, 1994 | GIFIX vs RYOCX | |
| Guggenheim Total Return Bond Fund | Intermediate Core-Plus Bond | 65 | -0.73% | Nov 30, 2011 | GIFIX vs GIBIX | |
| Guggenheim Limited Duration Fund | Short-Term Bond | 97 | -0.13% | Dec 16, 2013 | GIFIX vs GILHX | |
| Guggenheim Macro Opportunities Fund | Nontraditional Bonds | 93 | -1.19% | Nov 29, 2011 | GIFIX vs GIOIX | |
| Guggenheim High Yield Fund | High Yield Bonds | 68 | -2.36% | Aug 5, 1996 | GIFIX vs SIHAX | |
| Guggenheim Managed Futures Strategy Fund | Systematic Trend | 83 | 6.71% | Mar 1, 2007 | GIFIX vs RYMTX | |
| Guggenheim StylePlus - Large Core Fund | Large Cap Blend Equities | 31 | -8.68% | Sep 10, 1962 | GIFIX vs SECEX | |
| Guggenheim Core Bond Fund Institutional Class | Total Bond Market | 57 | -0.71% | — | GIFIX vs GIUSX | |
| Guggenheim StylePlus - Mid Growth Fund | Mid Cap Growth Equities | 16 | -1.69% | Sep 17, 1969 | GIFIX vs SECUX |
Often Compared With GIFIX
What investors most often compare with GIFIX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| PIMCO Income Fund Class I-2 | Total Bond Market | 80 | -1.37% | — | GIFIX vs PONPX | |
| Hartford Floating Rate High Income Fund | Bank Loan | 93 | -1.29% | Sep 29, 2011 | GIFIX vs HFHIX |
Compare GIFIX with Any Fund or Stock
Compare GIFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.