Guggenheim Ultra Short Duration Fund (GIYIX)

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The chart shows the growth of an initial investment of $10,000 in Guggenheim Ultra Short Duration Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Guggenheim Ultra Short Duration Fund (GIYIX) has returned 0.42% so far this year and 4.28% over the past 12 months.

Based on dividend-adjusted daily data since Dec 3, 2018, GIYIX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, your investment would double in approximately 23.1 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 28 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%.

Guggenheim Ultra Short Duration Fund has an annualized alpha of 3.06%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 04, 2018.

• This fund captured 7.50% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.47%) — 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.

GIYIX has an expense ratio of 0.34%, placing it in the medium range.

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.

The table below present risk-adjusted performance metrics for Guggenheim Ultra Short Duration Fund (GIYIX) and compare them to a chosen benchmark (S&P 500 Index).

Guggenheim Ultra Short Duration Fund provided a 3.99% dividend yield over the last twelve months, with an annual payout of $0.40 per share.

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.

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 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.

The current Guggenheim Ultra Short Duration Fund drawdown is 0.30%.

The chart below shows the rolling one-month volatility.