Guggenheim Macro Opportunities Fund (GIOIX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GIOIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GIOIX
GIOIX charges 0.96% annually. There are 32 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | GIOIX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | GIOIX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | GIOIX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | GIOIX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | GIOIX vs PUTIX |
Best Risk-Adjusted Alternatives to GIOIX
GIOIX has a PortfoliosLab risk / return rank of 78. There are 21 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | GIOIX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | GIOIX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | GIOIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | GIOIX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 98 | — | Aug 2010 | GIOIX vs EGRIX |
Top Performing GIOIX Alternatives (YTD)
GIOIX is at 1.13% YTD. There are 45 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.64% | — | Aug 2010 | GIOIX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.58% | — | Apr 2015 | GIOIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | GIOIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 4.47% | — | Mar 2022 | GIOIX vs APFPX | |
| T. Rowe Price Dynamic Global Bond Fund | 4.15% | — | Jan 2015 | GIOIX vs RPIEX |
Lowest Volatility Alternatives to GIOIX
GIOIX has 2.50% 1-year volatility. There are 29 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.01% | — | Dec 2004 | GIOIX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.22% | — | Jan 2023 | GIOIX vs CBYYX | |
| GMO Opportunistic Income Fund | 1.32% | — | Oct 2011 | GIOIX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.34% | — | Sep 2011 | GIOIX vs BGCIX | |
| DoubleLine Flexible Income Fund | 1.38% | — | Apr 2014 | GIOIX vs DFLEX |
Lowest Drawdown Alternatives to GIOIX
GIOIX has a 1-year max drawdown of -2.12%. There are 39 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | GIOIX vs CBYYX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | GIOIX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | GIOIX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | GIOIX vs GMODX | |
| PGIM Absolute Return Bond Fund | -0.86% | — | Mar 2011 | GIOIX vs PADZX |
Other Mutual Funds from Guggenheim
The 10 most viewed Guggenheim mutual funds shown here include GOF, RYOCX, GIBIX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Guggenheim Strategic Opportunities Fund | Multisector Bonds, Diversified Portfolio, Actively Managed | 1 | -7.16% | — | Jul 2007 | GIOIX vs GOF | |
| Rydex NASDAQ-100 Fund Investor Class | Large Cap Growth Equities | 53 | 17.77% | — | Feb 1994 | GIOIX vs RYOCX | |
| Guggenheim Total Return Bond Fund | Intermediate Core-Plus Bond | 25 | 0.28% | — | Nov 2011 | GIOIX vs GIBIX | |
| Guggenheim Limited Duration Fund | Short-Term Bond | 92 | 1.12% | — | Dec 2013 | GIOIX vs GILHX | |
| Guggenheim High Yield Fund | High Yield Bonds | 44 | 1.30% | — | Aug 1996 | GIOIX vs SIHAX | |
| Guggenheim StylePlus - Large Core Fund | Large Cap Blend Equities | 60 | 12.94% | — | Sep 1962 | GIOIX vs SECEX | |
| Guggenheim Managed Futures Strategy Fund | Systematic Trend | 54 | 6.76% | — | Mar 2007 | GIOIX vs RYMTX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | Leveraged Equities | 46 | 31.90% | — | Nov 2014 | GIOIX vs RMQHX | |
| Guggenheim Directional Allocation Fund | Large Cap Growth Equities | 63 | 10.73% | — | Jun 2012 | GIOIX vs TVRIX | |
| Guggenheim Core Bond Fund Institutional Class | Total Bond Market | 23 | 0.20% | — | — | GIOIX vs GIUSX |
Often Compared With GIOIX
Investors most often compare GIOIX with GSRTX, AGG, PMZIX. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare GIOIX with Any Fund or Stock
Compare GIOIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GIOIX with funds that move differently
Guggenheim Macro Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GIOIX.
Explore GIOIX Diversifiers