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Guggenheim Strategic Opportunities Fund (GOF) Sharpe Ratio: -0.69

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The closed-end fund seeks total return through current income and capital appreciation by combining a credit-managed fixed-income portfolio with alternative investments and equity strategies. It is actively managed and uses borrowing and other leverage.

GOF's Sharpe Ratio of -0.69 indicates that for each unit of volatility, it generates -0.69 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

GOF Sharpe Ratio Rank

GOF Sharpe Ratio Rank: 0.81
Concerning

GOF ranks above 0.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

GOF Sharpe Ratio Market Positioning

The chart shows GOF's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.32+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Guggenheim Strategic Opportunities Fund's Sharpe Ratio with other mutual funds in the Multisector Bonds, Diversified Portfolio, Actively Managed category across multiple time periods, showing how GOF's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NWXHXNationwide Amundi Strategic Income Fund5.65
NWXEXNationwide Strategic Income A5.34
STDAXSEI Asset Allocation Trust Defensive Strategy Allocation Fund4.74
BWDTXBoyd Watterson Limited Duration Enhanced Income Fund4.57
FELAXFidelity Advisor Semiconductors Fund Class A4.46
TIBIXThornburg Investment Income Builder Fund Class I4.28
ICMUXIntrepid Income Fund4.09
NWQIXNuveen Flexible Income Fund3.75
VPCCXVanguard PRIMECAP Core Fund3.64
CBLDXCrossingBridge Low Duration High Yield Fund3.56
GOFGuggenheim Strategic Opportunities Fund-0.69

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows GOF's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when GOF consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does GOF fit in your portfolio?

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