Correlation
The correlation between GIFIX and PONPX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
GIFIX vs. PONPX
Compare and contrast key facts about Guggenheim Floating Rate Strategies Fund (GIFIX) and PIMCO Income Fund Class I-2 (PONPX).
GIFIX is managed by Guggenheim Investments. It was launched on Nov 29, 2011. PONPX is managed by PIMCO.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIFIX or PONPX.
Performance
GIFIX vs. PONPX - Performance Comparison
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Key characteristics
GIFIX:
2.25
PONPX:
1.91
GIFIX:
4.33
PONPX:
2.83
GIFIX:
1.82
PONPX:
1.38
GIFIX:
2.42
PONPX:
2.80
GIFIX:
11.03
PONPX:
8.13
GIFIX:
0.55%
PONPX:
0.96%
GIFIX:
2.73%
PONPX:
4.13%
GIFIX:
-19.03%
PONPX:
-13.39%
GIFIX:
-0.04%
PONPX:
-0.52%
Returns By Period
In the year-to-date period, GIFIX achieves a 1.35% return, which is significantly lower than PONPX's 3.02% return. Both investments have delivered pretty close results over the past 10 years, with GIFIX having a 4.35% annualized return and PONPX not far behind at 4.18%.
GIFIX
1.35%
1.14%
1.95%
6.10%
7.87%
7.07%
4.35%
PONPX
3.02%
-0.47%
2.19%
7.83%
5.18%
4.15%
4.18%
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GIFIX vs. PONPX - Expense Ratio Comparison
GIFIX has a 0.78% expense ratio, which is higher than PONPX's 0.72% expense ratio.
Risk-Adjusted Performance
GIFIX vs. PONPX — Risk-Adjusted Performance Rank
GIFIX
PONPX
GIFIX vs. PONPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Floating Rate Strategies Fund (GIFIX) and PIMCO Income Fund Class I-2 (PONPX). 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.
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Dividends
GIFIX vs. PONPX - Dividend Comparison
GIFIX's dividend yield for the trailing twelve months is around 8.08%, more than PONPX's 6.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIFIX Guggenheim Floating Rate Strategies Fund | 8.08% | 8.47% | 8.34% | 4.89% | 3.47% | 4.09% | 4.81% | 4.79% | 3.84% | 4.10% | 4.58% | 5.61% |
PONPX PIMCO Income Fund Class I-2 | 6.10% | 6.16% | 6.10% | 6.28% | 3.92% | 4.79% | 5.76% | 5.58% | 5.32% | 5.47% | 7.73% | 6.42% |
Drawdowns
GIFIX vs. PONPX - Drawdown Comparison
The maximum GIFIX drawdown since its inception was -19.03%, which is greater than PONPX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for GIFIX and PONPX.
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Volatility
GIFIX vs. PONPX - Volatility Comparison
The current volatility for Guggenheim Floating Rate Strategies Fund (GIFIX) is 0.43%, while PIMCO Income Fund Class I-2 (PONPX) has a volatility of 1.32%. This indicates that GIFIX experiences smaller price fluctuations and is considered to be less risky than PONPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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