Guggenheim Alpha Opportunity Fund (SAOAX)
The fund pursues its objective by investing, under normal market conditions, in long and short positions of domestic equity and equity-related securities. It may invest in domestic equity securities, including small-, mid-, and large-capitalization securities. The fund also may invest in derivative instruments, including swaps on selected baskets of equity securities, to enable the fund to pursue its investment objective without investing directly in the securities of companies to which the fund is seeking exposure.
Fund Info
US40168W2851
Jul 6, 2003
$2,500
Mid-Cap
Value
Expense Ratio
SAOAX has a high expense ratio of 1.76%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Guggenheim Alpha Opportunity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Guggenheim Alpha Opportunity Fund had a return of 1.61% year-to-date (YTD) and 6.32% in the last 12 months. Over the past 10 years, Guggenheim Alpha Opportunity Fund had an annualized return of 1.76%, while the S&P 500 had an annualized return of 11.31%, indicating that Guggenheim Alpha Opportunity Fund did not perform as well as the benchmark.
SAOAX
1.61%
-0.60%
0.03%
6.32%
6.14%
1.76%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SAOAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.23% | 1.61% | |||||||||||
| 2024 | 7.62% | 0.77% | 3.25% | -0.83% | 1.49% | -3.13% | 2.99% | 1.75% | 0.05% | -0.59% | 1.69% | -4.52% | 10.49% |
| 2023 | 0.17% | 0.17% | 2.79% | 0.05% | -0.71% | 2.41% | 0.53% | 2.18% | 0.78% | -0.21% | -1.60% | 2.00% | 8.81% |
| 2022 | -3.36% | -3.32% | -1.20% | -2.59% | 5.66% | -2.84% | 1.60% | -6.56% | -2.90% | 6.34% | 2.08% | -1.11% | -8.65% |
| 2021 | 2.14% | -1.69% | 7.93% | -0.96% | 0.38% | -1.07% | 1.30% | 2.14% | -5.55% | -0.33% | 3.78% | 6.17% | 14.38% |
| 2020 | -5.08% | -3.85% | 0.31% | 4.12% | 0.96% | -0.71% | 1.43% | 1.12% | -1.57% | 0.18% | 3.90% | -0.23% | 0.17% |
| 2019 | 2.54% | -1.51% | -0.93% | -0.72% | -6.18% | 3.50% | -1.26% | -2.50% | 3.75% | -1.38% | 0.52% | 2.33% | -2.26% |
| 2018 | 3.06% | -3.86% | -3.72% | -1.17% | -2.21% | -1.21% | 1.92% | -0.84% | 0.95% | -2.40% | 1.23% | -3.32% | -11.25% |
| 2017 | 0.58% | 2.57% | -0.43% | 0.10% | -3.27% | 1.03% | 1.16% | -0.24% | 1.39% | -0.05% | 2.42% | -4.58% | 0.44% |
| 2016 | 0.55% | 3.77% | 2.53% | -2.62% | 0.32% | -0.79% | 0.16% | 1.06% | -0.10% | 1.52% | 3.51% | 2.40% | 12.81% |
| 2015 | 0.16% | 0.00% | -2.20% | 1.87% | -0.32% | -2.95% | 1.20% | -0.97% | -0.33% | 0.11% | -0.60% | -0.60% | -4.61% |
| 2014 | 2.35% | 3.38% | 0.66% | 6.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SAOAX is 31, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Guggenheim Alpha Opportunity Fund (SAOAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Guggenheim Alpha Opportunity Fund provided a 1.05% dividend yield over the last twelve months, with an annual payout of $0.22 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.22 | $0.12 | $0.13 | $0.16 | $0.21 | $0.16 | $0.21 | $0.00 | $0.00 | $0.00 | $0.01 |
Dividend yield | 1.05% | 1.06% | 0.62% | 0.72% | 0.82% | 1.22% | 0.93% | 1.17% | 0.00% | 0.00% | 0.00% | 0.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Guggenheim Alpha Opportunity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.01 | $0.01 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Guggenheim Alpha Opportunity 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 Alpha Opportunity Fund was 30.86%, occurring on Mar 23, 2020. Recovery took 999 trading sessions.
The current Guggenheim Alpha Opportunity Fund drawdown is 4.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.86% | Dec 21, 2017 | 565 | Mar 23, 2020 | 999 | Mar 12, 2024 | 1564 |
| -8.36% | Nov 27, 2024 | 26 | Jan 6, 2025 | — | — | — |
| -8% | Feb 4, 2015 | 242 | Jan 20, 2016 | 41 | Mar 18, 2016 | 283 |
| -5.52% | Jun 4, 2024 | 22 | Jul 5, 2024 | 17 | Jul 30, 2024 | 39 |
| -5.51% | Mar 22, 2016 | 68 | Jun 27, 2016 | 95 | Nov 9, 2016 | 163 |
Volatility
Volatility Chart
The current Guggenheim Alpha Opportunity Fund volatility is 2.35%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.