GIFIX vs. PSFIX
GIFIX (Guggenheim Floating Rate Strategies Fund) and PSFIX (Virtus Newfleet Senior Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, GIFIX returned 4.35%/yr vs 4.52%/yr for PSFIX. A 0.68 correlation means they provide meaningful diversification when combined. GIFIX charges 0.78%/yr vs 0.69%/yr for PSFIX.
Performance
GIFIX vs. PSFIX - Performance Comparison
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Returns By Period
In the year-to-date period, GIFIX achieves a 1.04% return, which is significantly lower than PSFIX's 1.32% return. Both investments have delivered pretty close results over the past 10 years, with GIFIX having a 4.35% annualized return and PSFIX not far ahead at 4.52%.
GIFIX
- 1D
- -0.04%
- 1M
- 0.60%
- YTD
- 1.04%
- 6M
- 1.69%
- 1Y
- 3.45%
- 3Y*
- 6.54%
- 5Y*
- 4.97%
- 10Y*
- 4.35%
PSFIX
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 1.32%
- 6M
- 1.93%
- 1Y
- 4.82%
- 3Y*
- 6.95%
- 5Y*
- 5.21%
- 10Y*
- 4.52%
GIFIX vs. PSFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIFIX Guggenheim Floating Rate Strategies Fund | 1.04% | 4.13% | 7.22% | 13.03% | -2.05% | 4.55% | 1.36% | 6.69% | -0.14% | 3.63% |
PSFIX Virtus Newfleet Senior Floating Rate Fund | 1.32% | 5.11% | 7.59% | 10.67% | -0.21% | 4.51% | 0.94% | 8.29% | -0.95% | 3.11% |
Correlation
The correlation between GIFIX and PSFIX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.68 |
The correlation between GIFIX and PSFIX has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
GIFIX vs. PSFIX — Risk / Return Rank
GIFIX
PSFIX
GIFIX vs. PSFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Floating Rate Strategies Fund (GIFIX) and Virtus Newfleet Senior Floating Rate Fund (PSFIX). 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 | PSFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.76 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 5.47 | -2.99 |
| Martin ratioReturn relative to average drawdown | 7.30 | 17.73 | -10.43 |
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Drawdowns
GIFIX vs. PSFIX - Drawdown Comparison
The maximum GIFIX drawdown since its inception was -19.03%, smaller than the maximum PSFIX drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for GIFIX and PSFIX.
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Drawdown Indicators
| GIFIX | PSFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -22.76% | +3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -1.40% | -0.88% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -2.49% | -2.62% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -6.30% | -5.78% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -19.03% | -22.76% | +3.73% |
Current DrawdownCurrent decline from peak | -0.09% | -0.24% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -0.86% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 0.27% | +0.20% |
Volatility
GIFIX vs. PSFIX - Volatility Comparison
Guggenheim Floating Rate Strategies Fund (GIFIX) has a higher volatility of 0.63% compared to Virtus Newfleet Senior Floating Rate Fund (PSFIX) at 0.50%. This indicates that GIFIX's price experiences larger fluctuations and is considered to be riskier than PSFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIFIX | PSFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.50% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 1.65% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.37% | 2.29% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.71% | 2.82% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 4.16% | -0.80% |
GIFIX vs. PSFIX - Expense Ratio Comparison
GIFIX has a 0.78% expense ratio, which is higher than PSFIX's 0.69% expense ratio.
Dividends
GIFIX vs. PSFIX - Dividend Comparison
GIFIX's dividend yield for the trailing twelve months is around 7.01%, more than PSFIX's 6.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIFIX Guggenheim Floating Rate Strategies Fund | 7.01% | 7.40% | 8.47% | 8.34% | 3.64% | 2.91% | 3.78% | 4.38% | 4.71% | 3.83% | 4.10% | 4.85% |
PSFIX Virtus Newfleet Senior Floating Rate Fund | 6.65% | 7.22% | 7.77% | 7.48% | 4.85% | 2.84% | 3.98% | 5.29% | 5.07% | 4.03% | 3.95% | 4.40% |
Frequently Asked Questions
GIFIX and PSFIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIFIX has higher volatility (0.63%) compared to PSFIX (0.50%). In terms of maximum drawdown, GIFIX dropped -19.03% vs PSFIX's -22.76%.
PSFIX currently has the higher Sharpe Ratio (2.12 vs 1.47), 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.
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