Guggenheim High Yield Fund (SIHAX)

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Guggenheim High Yield Fund (SIHAX) is up 0.8% since the beginning of the year. SIHAX is currently trading at $10 per share. Investors who bought $1,000 worth of SIHAX shares 5 years ago would now be looking at an investment worth $1,172.

Guggenheim High Yield Fund (SIHAX) has returned 0.80% so far this year and 4.86% over the past 12 months. Over the last ten years, SIHAX has returned 4.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 1997, SIHAX's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.

Historically, 69% of months were positive and 31% were negative. The best month was Apr 2009 with a return of +16.6%, while the worst month was Oct 2008 at -17.8%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 6 months.

On a daily basis, SIHAX closed higher 47% of trading days. The best single day was Jan 6, 2009 with a return of +3.5%, while the worst single day was Oct 10, 2008 at -3.4%.

Guggenheim High Yield Fund has an annualized alpha of 4.97%, beta of 0.08, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since January 02, 1997.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (36.13%) than losses (32.23%) - typical of diversified or defensive assets.
• Beta of 0.08 may look defensive, but with R2 of 0.12 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 0.12 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.

SIHAX has a high expense ratio of 1.05%, indicating above-average management fees.

SIHAX ranks 39 for risk / return — below 39% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Guggenheim High Yield Fund provided a 6.32% dividend yield over the last twelve months, with an annual payout of $0.62 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Guggenheim High Yield 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 High Yield 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 High Yield Fund was 36.72%, occurring on Dec 16, 2008. Recovery took 154 trading sessions.

The current Guggenheim High Yield Fund drawdown is 0.10%.

The chart below shows the rolling one-month volatility.