GIFIX vs. CHIAX

Last updated Aug 1, 2026

GIFIX (Guggenheim Floating Rate Strategies Fund) and CHIAX (Credit Suisse Floating Rate High Income Fund) are both Bank Loan funds. Over the past 10 years, GIFIX returned 4.25%/yr vs 4.25%/yr for CHIAX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. GIFIX charges 0.78%/yr vs 0.95%/yr for CHIAX.

Performance

GIFIX vs. CHIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Floating Rate Strategies Fund (GIFIX) and Credit Suisse Floating Rate High Income Fund (CHIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIFIX achieves a 1.90% return, which is significantly lower than CHIAX's 2.19% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: GIFIX at 4.25% and CHIAX at 4.25%.

GIFIX

• 1D: 0.04%
• 1M: 0.09%
• 6M: 2.06%
• YTD: 1.90%
• 1Y: 3.29%
• 3Y*: 5.97%
• 5Y*: 5.11%
• 10Y*: 4.25%
• ALL TIME*: 4.74%

CHIAX

• 1D: 0.33%
• 1M: -0.65%
• 6M: 2.75%
• YTD: 2.19%
• 1Y: 3.35%
• 3Y*: 5.31%
• 5Y*: 4.42%
• 10Y*: 4.25%
• ALL TIME*: 5.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHIAX Credit Suisse Floating Rate High Income Fund	$0.00	$0.00	$0.00
GIFIX Guggenheim Floating Rate Strategies Fund	$0.00	$0.00	$0.00

GIFIX vs. CHIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIFIX Guggenheim Floating Rate Strategies Fund	1.90%	4.13%	7.22%	13.03%	-2.05%	4.55%	1.36%	6.69%	-0.14%	3.63%
CHIAX Credit Suisse Floating Rate High Income Fund	2.19%	4.25%	6.85%	11.03%	-3.14%	5.03%	2.32%	6.67%	-0.22%	4.33%

Correlation

The correlation between GIFIX and CHIAX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (5Y) Shows whether the relationship held over a longer period.	0.62
Correlation (10Y) Provides a long-term view across more market conditions.	0.62
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012	0.61

The correlation between GIFIX and CHIAX shifts across timeframes, from 0.48 (3 years) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GIFIX vs. CHIAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GIFIX

GIFIX Risk / Return Rank: 81
GIFIX Sharpe Ratio Rank: 71
GIFIX Sortino Ratio Rank: 96
GIFIX Omega Ratio Rank: 93
GIFIX Calmar Ratio Rank: 82
GIFIX Martin Ratio Rank: 66

CHIAX

CHIAX Risk / Return Rank: 60
CHIAX Sharpe Ratio Rank: 47
CHIAX Sortino Ratio Rank: 80
CHIAX Omega Ratio Rank: 82
CHIAX Calmar Ratio Rank: 51
CHIAX Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GIFIX vs. CHIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Floating Rate Strategies Fund (GIFIX) and Credit Suisse Floating Rate High Income Fund (CHIAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GIFIX	CHIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.32	+0.35
Sortino ratio: Return per unit of downside risk	4.12	2.78	+1.34
Omega ratio: Gain probability vs. loss probability	1.53	1.39	+0.14
Calmar ratio: Return relative to maximum drawdown	2.79	1.89	+0.90
Martin ratio: Return relative to average drawdown	8.35	5.58	+2.78

GIFIX vs. CHIAX - Sharpe Ratio Comparison

The current GIFIX Sharpe Ratio is 1.67, which is comparable to the CHIAX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of GIFIX and CHIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GIFIX vs. CHIAX - Drawdown Comparison

The maximum GIFIX drawdown since its inception was -19.03%, smaller than the maximum CHIAX drawdown of -37.29%. Use the drawdown chart below to compare losses from any high point for GIFIX and CHIAX.

Drawdown Indicators

	GIFIX	CHIAX	Difference
Max Drawdown Largest peak-to-trough decline	-19.03%	-37.29%	+18.26%
Max Drawdown (1Y) Largest decline over 1 year	-1.40%	-2.02%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-2.49%	-2.41%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-6.30%	-5.99%	-0.31%
Max Drawdown (10Y) Largest decline over 10 years	-19.03%	-19.94%	+0.91%
Current Drawdown Current decline from peak	-0.22%	-0.81%	+0.59%
Average Drawdown Average peak-to-trough decline	-0.75%	-2.02%	+1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	0.68%	-0.21%

Volatility

GIFIX vs. CHIAX - Volatility Comparison

The current volatility for Guggenheim Floating Rate Strategies Fund (GIFIX) is 0.29%, while Credit Suisse Floating Rate High Income Fund (CHIAX) has a volatility of 0.84%. This indicates that GIFIX experiences smaller price fluctuations and is considered to be less risky than CHIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIFIX	CHIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	0.84%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	2.34%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	2.33%	2.88%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.72%	2.84%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.36%	3.61%	-0.25%

GIFIX vs. CHIAX - Expense Ratio Comparison

GIFIX has a 0.78% expense ratio, which is lower than CHIAX's 0.95% expense ratio.

Dividends

GIFIX vs. CHIAX - Dividend Comparison

GIFIX's dividend yield for the trailing twelve months is around 6.29%, more than CHIAX's 5.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHIAX Credit Suisse Floating Rate High Income Fund	5.90%	7.44%	7.25%	7.19%	3.90%	3.38%	4.19%	4.94%	4.38%	3.79%	4.47%	4.26%
GIFIX Guggenheim Floating Rate Strategies Fund	6.29%	7.40%	8.47%	8.34%	3.64%	2.91%	3.78%	4.38%	4.71%	3.83%	4.10%	4.85%

Frequently Asked Questions

Can I hold both GIFIX and CHIAX in my portfolio?

GIFIX and CHIAX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIFIX or CHIAX?

CHIAX has higher volatility (0.84%) compared to GIFIX (0.29%). In terms of maximum drawdown, GIFIX dropped -19.03% vs CHIAX's -37.29%.

Which has better risk-adjusted returns?

GIFIX currently has the higher Sharpe Ratio (1.67 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.