GIFIX vs. SECEX

Last updated Jun 23, 2026

GIFIX (Guggenheim Floating Rate Strategies Fund) and SECEX (Guggenheim StylePlus - Large Core Fund) are both mutual funds - GIFIX is a Bank Loan fund actively managed by Guggenheim, while SECEX is a Large Cap Blend Equities fund managed by Guggenheim. Over the past 10 years, GIFIX returned 4.31%/yr vs 14.69%/yr for SECEX. At a 0.25 correlation, their price movements are largely independent. GIFIX charges 0.78%/yr vs 1.31%/yr for SECEX.

Performance

GIFIX vs. SECEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Floating Rate Strategies Fund (GIFIX) and Guggenheim StylePlus - Large Core Fund (SECEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIFIX achieves a 1.08% return, which is significantly lower than SECEX's 13.41% return. Over the past 10 years, GIFIX has underperformed SECEX with an annualized return of 4.31%, while SECEX has yielded a comparatively higher 14.69% annualized return.

GIFIX

• 1D: 0.04%
• 1M: 0.64%
• YTD: 1.08%
• 6M: 1.78%
• 1Y: 3.49%
• 3Y*: 6.53%
• 5Y*: 4.97%
• 10Y*: 4.31%

SECEX

• 1D: 1.50%
• 1M: 2.09%
• YTD: 13.41%
• 6M: 12.89%
• 1Y: 30.53%
• 3Y*: 21.95%
• 5Y*: 13.43%
• 10Y*: 14.69%

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

GIFIX vs. SECEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIFIX Guggenheim Floating Rate Strategies Fund	1.08%	4.13%	7.22%	13.03%	-2.05%	4.55%	1.36%	6.69%	-0.14%	3.63%
SECEX Guggenheim StylePlus - Large Core Fund	13.41%	16.04%	25.74%	26.72%	-21.98%	28.21%	17.76%	29.62%	-7.18%	21.99%

Correlation

The correlation between GIFIX and SECEX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012	0.25

Return for Risk

GIFIX vs. SECEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIFIX

GIFIX Risk / Return Rank: 55
GIFIX Sharpe Ratio Rank: 31
GIFIX Sortino Ratio Rank: 81
GIFIX Omega Ratio Rank: 79
GIFIX Calmar Ratio Rank: 47
GIFIX Martin Ratio Rank: 35

SECEX

SECEX Risk / Return Rank: 68
SECEX Sharpe Ratio Rank: 73
SECEX Sortino Ratio Rank: 65
SECEX Omega Ratio Rank: 66
SECEX Calmar Ratio Rank: 65
SECEX Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIFIX vs. SECEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Floating Rate Strategies Fund (GIFIX) and Guggenheim StylePlus - Large Core Fund (SECEX). 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	SECEX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.28	-0.80
Sortino ratio: Return per unit of downside risk	3.52	3.07	+0.45
Omega ratio: Gain probability vs. loss probability	1.47	1.41	+0.06
Calmar ratio: Return relative to maximum drawdown	2.52	2.98	-0.46
Martin ratio: Return relative to average drawdown	7.40	12.95	-5.55

GIFIX vs. SECEX - Sharpe Ratio Comparison

The current GIFIX Sharpe Ratio is 1.49, which is lower than the SECEX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of GIFIX and SECEX, 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. SECEX - Drawdown Comparison

The maximum GIFIX drawdown since its inception was -19.03%, smaller than the maximum SECEX drawdown of -73.88%. Use the drawdown chart below to compare losses from any high point for GIFIX and SECEX.

Drawdown Indicators

	GIFIX	SECEX	Difference
Max Drawdown Largest peak-to-trough decline	-19.03%	-73.88%	+54.85%
Max Drawdown (1Y) Largest decline over 1 year	-1.40%	-10.23%	+8.83%
Max Drawdown (3Y) Largest decline over 3 years	-2.49%	-18.34%	+15.85%
Max Drawdown (5Y) Largest decline over 5 years	-6.30%	-27.55%	+21.25%
Max Drawdown (10Y) Largest decline over 10 years	-19.03%	-35.59%	+16.56%
Current Drawdown Current decline from peak	-0.04%	-1.20%	+1.16%
Average Drawdown Average peak-to-trough decline	-0.75%	-20.65%	+19.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	2.35%	-1.88%

Volatility

GIFIX vs. SECEX - Volatility Comparison

The current volatility for Guggenheim Floating Rate Strategies Fund (GIFIX) is 0.64%, while Guggenheim StylePlus - Large Core Fund (SECEX) has a volatility of 6.35%. This indicates that GIFIX experiences smaller price fluctuations and is considered to be less risky than SECEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIFIX	SECEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	6.35%	-5.71%
Volatility (6M) Calculated over the trailing 6-month period	1.63%	11.04%	-9.41%
Volatility (1Y) Calculated over the trailing 1-year period	2.37%	13.35%	-10.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.71%	17.20%	-14.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.36%	18.19%	-14.83%

GIFIX vs. SECEX - Expense Ratio Comparison

GIFIX has a 0.78% expense ratio, which is lower than SECEX's 1.31% expense ratio.

Dividends

GIFIX vs. SECEX - Dividend Comparison

GIFIX's dividend yield for the trailing twelve months is around 7.01%, more than SECEX's 2.60% 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%
SECEX Guggenheim StylePlus - Large Core Fund	2.60%	2.95%	23.10%	2.50%	40.57%	4.58%	9.21%	1.57%	22.52%	18.80%	1.94%	12.32%

Frequently Asked Questions

Can I hold both GIFIX and SECEX in my portfolio?

GIFIX and SECEX have a correlation of 0.32, 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 SECEX?

SECEX has higher volatility (6.35%) compared to GIFIX (0.64%). In terms of maximum drawdown, GIFIX dropped -19.03% vs SECEX's -73.88%.

Which has better risk-adjusted returns?

SECEX currently has the higher Sharpe Ratio (2.28 vs 1.49), 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.