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Guggenheim Floating Rate Strategies Fund (GIFIX) Sharpe Ratio: 1.38

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund normally invests at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in floating rate senior secured syndicated bank loans, floating rate revolving credit facilities, floating rate unsecured loans, floating rate asset backed securities, other floating rate bonds, loans, notes and other securities, fixed income instruments, and derivative instruments that provide exposure to floating rate or variable rate loans, obligations or other securities.

GIFIX's Sharpe Ratio of 1.38 indicates that for each unit of volatility, it generates 1.38 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

GIFIX Sharpe Ratio Rank

GIFIX Sharpe Ratio Rank: 22.422
Below Average

GIFIX ranks above 22.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

GIFIX Sharpe Ratio Market Positioning

The chart shows GIFIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.65+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Guggenheim Floating Rate Strategies Fund's Sharpe Ratio with other mutual funds in the Bank Loan category across multiple time periods, showing how GIFIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
RCRIXRiverPark Floating Rate CMBS Fund6.73
PYFRXPayden Floating Rate Fund5.34
CAPIXCalamos Aksia Alternative Credit and Income Fund Class I4.53
DFLYXBNY Mellon Floating Rate Income Fund3.77
DAFRXDunham Floating Rate Bond Fund3.07
SAMBXVirtus Seix Floating Rate High Income Fund3.06
SFHIXShenkman Capital Floating Rate High Income Fund2.99
DDFLXDelaware Floating Rate Fund2.77
FRFZXPGIM Floating Rate Income Fund2.69
LFRAXLord Abbett Floating Rate Fund Class A2.68
GIFIXGuggenheim Floating Rate Strategies Fund1.38

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows GIFIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when GIFIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does GIFIX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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