Guggenheim Macro Opportunities Fund (GIOIX)

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Guggenheim Macro Opportunities Fund (GIOIX) is up 1.0% since the beginning of the year. GIOIX is currently trading at $25 per share. Investors who bought $1,000 worth of GIOIX shares 5 years ago would now be looking at an investment worth $1,176.

Guggenheim Macro Opportunities Fund (GIOIX) has returned 0.95% so far this year and 5.64% over the past 12 months. Over the last ten years, GIOIX has returned 4.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

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

Historically, 71% of months were positive and 29% were negative. The best month was Jul 2020 with a return of +3.8%, while the worst month was Mar 2020 at -6.3%. The longest winning streak lasted 23 consecutive months, and the longest losing streak was 7 months.

On a daily basis, GIOIX closed higher 44% of trading days. The best single day was Nov 10, 2022 with a return of +1.5%, while the worst single day was Mar 20, 2020 at -2.0%.

Guggenheim Macro Opportunities Fund has an annualized alpha of 3.86%, beta of 0.06, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since January 03, 2012.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (20.59%) than losses (14.09%) - typical of diversified or defensive assets.
• Beta of 0.06 may look defensive, but with R2 of 0.15 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 0.15 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.

GIOIX has a high expense ratio of 0.96%, indicating above-average management fees.

GIOIX ranks 75 for risk / return — better than 75% 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.

Guggenheim Macro Opportunities Fund provided a 6.10% dividend yield over the last twelve months, with an annual payout of $1.50 per share.

The table displays the monthly dividend distributions for Guggenheim Macro Opportunities 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 Macro Opportunities 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 Macro Opportunities Fund was 13.38%, occurring on Oct 24, 2022. Recovery took 341 trading sessions.

The current Guggenheim Macro Opportunities Fund drawdown is 0.24%.

The chart below shows the rolling one-month volatility.