Guggenheim Strategic Opportunities Fund (GOF) belongs to the Derivative Income category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GOF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GOF
GOF charges 1.62% annually. There are 24 mutual funds in the Derivative Income category with lower expense ratios, going as low as 0.44%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | 0.44% | 236.88M | Feb 2016 | GOF vs PUTW | |
| USCF Gold Strategy Plus Income Fund | 0.45% | — | Nov 2021 | GOF vs USG | |
| JPMorgan Equity Premium Income Fund Class I | 0.63% | — | Aug 2018 | GOF vs JEPIX | |
| Shelton Equity Income Fund | 0.72% | — | Sep 1996 | GOF vs EQTIX | |
| Cullen Enhanced Equity Income Fund | 0.75% | — | Dec 2015 | GOF vs ENHNX |
Best Risk-Adjusted Alternatives to GOF
GOF has a PortfoliosLab risk / return rank of 1. There are 24 mutual funds in the Derivative Income category with higher risk-adjusted ranks, going as high as 85.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund | 85 | — | Apr 2004 | GOF vs CII | |
| The Covered Bridge Fund | 82 | — | Sep 2013 | GOF vs TCBIX | |
| Invesco Income Advantage U.S. Fund | 71 | — | Mar 2006 | GOF vs SCAUX | |
| Virtus Equity & Convertible Income Fund | 70 | — | Feb 2007 | GOF vs NIE | |
| WisdomTree Equity Premium Income Fund | 55 | 236.88M | Feb 2016 | GOF vs PUTW |
Top Performing GOF Alternatives (YTD)
GOF is at -7.43% YTD. There are 24 mutual funds in the Derivative Income category with higher YTD returns, going as high as 17.67%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst Nasdaq-100 Hedged Equity Fund | 17.67% | — | Dec 2013 | GOF vs CLPAX | |
| BlackRock Enhanced Large Cap Core Fund | 11.56% | — | Apr 2004 | GOF vs CII | |
| BlackRock ESG Capital Allocation Term Trust | 11.23% | — | Sep 2021 | GOF vs ECAT | |
| The Covered Bridge Fund | 11.04% | — | Sep 2013 | GOF vs TCBIX | |
| Virtus Equity & Convertible Income Fund | 10.90% | — | Feb 2007 | GOF vs NIE |
Lowest Volatility Alternatives to GOF
GOF has 17.92% 1-year volatility. There are 23 mutual funds in the Derivative Income category with lower 1-year volatility, going as low as 8.34%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Crossmark Steward Covered Call Income Fund | 8.34% | — | Dec 2017 | GOF vs SCJIX | |
| JPMorgan Equity Premium Income Fund Class I | 8.54% | — | Aug 2018 | GOF vs JEPIX | |
| JPMorgan Equity Premium Income Fund Class A | 8.60% | — | Aug 2018 | GOF vs JEPAX | |
| The Covered Bridge Fund | 8.64% | — | Sep 2013 | GOF vs TCBIX | |
| WisdomTree Equity Premium Income Fund | 8.86% | 236.88M | Feb 2016 | GOF vs PUTW |
Lowest Drawdown Alternatives to GOF
GOF has a 1-year max drawdown of -23.24%. There are 24 mutual funds in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -4.07%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Madison Covered Call & Equity Income Fund | -4.07% | — | Oct 2009 | GOF vs MENYX | |
| The Covered Bridge Fund | -5.26% | — | Sep 2013 | GOF vs TCBIX | |
| Cullen Enhanced Equity Income Fund | -6.34% | — | Dec 2015 | GOF vs ENHNX | |
| Invesco Income Advantage U.S. Fund | -7.05% | — | Mar 2006 | GOF vs SCAUX | |
| Shelton Equity Income Fund | -7.10% | — | Sep 1996 | GOF vs EQTIX |
Other Mutual Funds from Guggenheim
The 10 most viewed Guggenheim mutual funds shown here include RYOCX, GIBIX, GILHX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Rydex NASDAQ-100 Fund Investor Class | Large Cap Growth Equities | 71 | 21.14% | — | Feb 1994 | GOF vs RYOCX | |
| Guggenheim Total Return Bond Fund | Intermediate Core-Plus Bond | 30 | 0.59% | — | Nov 2011 | GOF vs GIBIX | |
| Guggenheim Limited Duration Fund | Short-Term Bond | 88 | 0.98% | — | Dec 2013 | GOF vs GILHX | |
| Guggenheim Macro Opportunities Fund | Nontraditional Bonds | 77 | 1.12% | — | Nov 2011 | GOF vs GIOIX | |
| Guggenheim High Yield Fund | High Yield Bonds | 37 | 0.80% | — | Aug 1996 | GOF vs SIHAX | |
| Guggenheim StylePlus - Large Core Fund | Large Cap Blend Equities | 75 | 14.79% | — | Sep 1962 | GOF vs SECEX | |
| Guggenheim Managed Futures Strategy Fund | Systematic Trend | 53 | 8.95% | — | Mar 2007 | GOF vs RYMTX | |
| Guggenheim StylePlus - Mid Growth Fund | Mid Cap Growth Equities | 24 | 16.16% | — | Sep 1969 | GOF vs SECUX | |
| Guggenheim Core Bond Fund Institutional Class | Total Bond Market | 27 | 0.59% | — | — | GOF vs GIUSX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | Leveraged Equities | 67 | 40.14% | — | Nov 2014 | GOF vs RMQHX |
Often Compared With GOF
Investors most often compare GOF with PDI, JEPQ, SCHD. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare GOF with Any Fund or Stock
Compare GOF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GOF with funds that move differently
Guggenheim Strategic Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GOF.
Explore GOF Diversifiers