- ISIN
- US40169J5231
- CUSIP
- 40169J523
- Issuer
- Guggenheim
- Inception Date
- Mar 11, 2014
- Category
- Ultrashort Bond
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
GIYIX Performance Chart
Guggenheim Ultra Short Duration Fund (GIYIX) is up 1.6% since the beginning of the year. GIYIX is currently trading at $10 per share. Investors who bought $1,000 worth of GIYIX shares 5 years ago would now be looking at an investment worth $1,208.
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Returns By Period
Guggenheim Ultra Short Duration Fund (GIYIX) has returned 1.63% so far this year and 4.67% over the past 12 months.
Guggenheim Ultra Short Duration Fund
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 1.63%
- 6M
- 2.03%
- 1Y
- 4.67%
- 3Y*
- 6.00%
- 5Y*
- 3.85%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GIYIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 3, 2018, GIYIX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 81% of months were positive and 19% were negative. The best month was Jan 2023 with a return of +1.4%, while the worst month was Mar 2020 at -1.8%. The longest winning streak lasted 31 consecutive months, and the longest losing streak was 9 months.
On a daily basis, GIYIX closed higher 17% of trading days. The best single day was Jan 31, 2023 with a return of +0.6%, while the worst single day was Mar 20, 2020 at -0.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.47% | 0.26% | 0.06% | 0.47% | 0.37% | 0.00% | 1.63% | ||||||
| 2025 | 0.50% | 0.44% | 0.37% | 0.36% | 0.47% | 0.45% | 0.28% | 0.59% | 0.46% | 0.47% | 0.32% | 0.40% | 5.20% |
| 2024 | 0.84% | 0.43% | 0.63% | 0.24% | 0.75% | 0.62% | 0.84% | 0.66% | 0.61% | 0.24% | 0.45% | 0.52% | 7.04% |
| 2023 | 1.43% | 0.37% | 0.14% | 0.21% | 0.34% | 0.59% | 0.71% | 0.52% | 0.26% | -0.21% | 1.12% | 1.13% | 6.81% |
| 2022 | -0.23% | -0.32% | -0.52% | -0.10% | -0.30% | -0.82% | 0.31% | 0.21% | -0.93% | 0.08% | 0.73% | 0.71% | -1.19% |
| 2021 | 0.10% | -0.10% | -0.11% | 0.18% | 0.17% | -0.02% | 0.08% | 0.07% | 0.07% | -0.23% | -0.03% | -0.01% | 0.17% |
Benchmark Metrics
Guggenheim Ultra Short Duration Fund has an annualized alpha of 3.11%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 03, 2018.
- This fund captured 7.25% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.83%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 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 0.00 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.
- Alpha
- 3.11%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 7.25%
- Downside Capture
- -1.83%
Expense Ratio
GIYIX has an expense ratio of 0.34%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GIYIX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Guggenheim Ultra Short Duration Fund (GIYIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GIYIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +7.34 | ||
| Omega ratioGain probability vs. loss probability | 3.19 | 1.37 | +1.83 |
| Calmar ratioReturn relative to maximum drawdown | 11.87 | 2.78 | +9.08 |
| Martin ratioReturn relative to average drawdown | 58.60 | 12.44 | +46.16 |
Dividends
Dividend History
Guggenheim Ultra Short Duration Fund provided a 4.36% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.52 | $0.43 | $0.16 | $0.08 | $0.15 | $0.25 | $0.06 |
Dividend yield | 4.36% | 4.35% | 5.15% | 4.38% | 1.67% | 0.78% | 1.45% | 2.52% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Guggenheim Ultra Short Duration Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.18 | ||||||
| 2025 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.44 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.52 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.00 | $0.05 | $0.05 | $0.43 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.03 | $0.03 | $0.04 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Guggenheim Ultra Short Duration 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 Ultra Short Duration Fund was 3.50%, occurring on Mar 25, 2020. Recovery took 78 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -3.50%Mar 2020 | 15d | 3mo 23d | 4mo 8dMar 2020 - Jul 2020 |
Bear market2022 | -3.15%Oct 2022 | 1y 7d | 3mo 22d | 1y 3moOct 2021 - Feb 2023 |
2023 pullback2023 | -0.41%Mar 2023 | 3d | 15d | 18dMar 2023 - Mar 2023 |
2026 pullback2026 | -0.40%Mar 2026 | 22d | 5d | 27dMar 2026 - Mar 2026 |
2023 pullback2023 | -0.31%May 2023 | 29d | 6d | 1mo 5dApr 2023 - May 2023 |
Drawdown Indicators
| GIYIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.50% | -56.78% | +53.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -9.10% | +8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -0.40% | -18.90% | +18.50% |
Max Drawdown (5Y)Largest decline over 5 years | -3.15% | -25.43% | +22.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -10.71% | +10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 2.03% | -1.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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