FFRSX vs. GIFIX
Compare and contrast key facts about Federated Hermes Floating Rate Strat Inc Fund (FFRSX) and Guggenheim Floating Rate Strategies Fund (GIFIX).
FFRSX is managed by Federated. It was launched on Dec 2, 2010. GIFIX is an actively managed fund by Guggenheim. It was launched on Nov 29, 2011.
Performance
FFRSX vs. GIFIX - Performance Comparison
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FFRSX vs. GIFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRSX Federated Hermes Floating Rate Strat Inc Fund | -0.72% | 5.61% | 6.71% | 8.04% | -5.85% | 3.73% | 0.45% | 6.71% | 0.38% | 3.54% |
GIFIX Guggenheim Floating Rate Strategies Fund | -1.13% | 4.13% | 7.22% | 13.03% | -2.05% | 4.55% | 1.36% | 6.69% | -0.14% | 3.63% |
Returns By Period
In the year-to-date period, FFRSX achieves a -0.72% return, which is significantly higher than GIFIX's -1.13% return. Over the past 10 years, FFRSX has underperformed GIFIX with an annualized return of 3.41%, while GIFIX has yielded a comparatively higher 4.28% annualized return.
FFRSX
- 1D
- 0.00%
- 1M
- -0.12%
- YTD
- -0.72%
- 6M
- 0.69%
- 1Y
- 3.97%
- 3Y*
- 5.64%
- 5Y*
- 3.17%
- 10Y*
- 3.41%
GIFIX
- 1D
- -0.04%
- 1M
- -0.22%
- YTD
- -1.13%
- 6M
- -0.20%
- 1Y
- 2.65%
- 3Y*
- 6.43%
- 5Y*
- 4.79%
- 10Y*
- 4.28%
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FFRSX vs. GIFIX - Expense Ratio Comparison
FFRSX has a 0.68% expense ratio, which is lower than GIFIX's 0.78% expense ratio.
Return for Risk
FFRSX vs. GIFIX — Risk / Return Rank
FFRSX
GIFIX
FFRSX vs. GIFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Floating Rate Strat Inc Fund (FFRSX) and Guggenheim Floating Rate Strategies Fund (GIFIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FFRSX | GIFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.17 | +0.59 |
Sortino ratioReturn per unit of downside risk | 3.04 | 2.08 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.66 | 1.34 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.49 | +1.57 |
Martin ratioReturn relative to average drawdown | 11.21 | 5.34 | +5.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFRSX | GIFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.17 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.31 | 1.81 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | 1.29 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 1.58 | -0.39 |
Correlation
The correlation between FFRSX and GIFIX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FFRSX vs. GIFIX - Dividend Comparison
FFRSX's dividend yield for the trailing twelve months is around 5.61%, less than GIFIX's 6.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRSX Federated Hermes Floating Rate Strat Inc Fund | 5.61% | 6.38% | 6.95% | 6.88% | 4.15% | 2.92% | 3.37% | 4.62% | 4.41% | 3.68% | 3.76% | 3.71% |
GIFIX Guggenheim Floating Rate Strategies Fund | 6.71% | 7.40% | 8.47% | 8.34% | 3.64% | 2.91% | 3.78% | 4.38% | 4.71% | 3.83% | 4.10% | 4.85% |
Drawdowns
FFRSX vs. GIFIX - Drawdown Comparison
The maximum FFRSX drawdown since its inception was -17.13%, smaller than the maximum GIFIX drawdown of -19.03%. Use the drawdown chart below to compare losses from any high point for FFRSX and GIFIX.
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Drawdown Indicators
| FFRSX | GIFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.13% | -19.03% | +1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -1.40% | -1.97% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -7.54% | -6.30% | -1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -17.13% | -19.03% | +1.90% |
Current DrawdownCurrent decline from peak | -0.83% | -1.26% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -0.76% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.56% | -0.18% |
Volatility
FFRSX vs. GIFIX - Volatility Comparison
Federated Hermes Floating Rate Strat Inc Fund (FFRSX) has a higher volatility of 0.63% compared to Guggenheim Floating Rate Strategies Fund (GIFIX) at 0.53%. This indicates that FFRSX's price experiences larger fluctuations and is considered to be riskier than GIFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRSX | GIFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.53% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 1.61% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.45% | 2.67% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.43% | 2.67% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 3.34% | -0.10% |