GIJAX vs. GOF
GIJAX (Guggenheim Municipal Income Fund) and GOF (Guggenheim Strategic Opportunities Fund) are both mutual funds - GIJAX is a Municipal Bonds fund managed by Guggenheim, while GOF is a Multisector Bonds fund actively managed by Guggenheim. Over the past 10 years, GIJAX returned 1.25%/yr vs 7.19%/yr for GOF. Their 0.18 correlation means their historical movements had little consistent relationship. GIJAX charges 0.79%/yr vs 1.89%/yr for GOF.
Performance
GIJAX vs. GOF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GIJAX achieves a 0.85% return, which is significantly higher than GOF's -8.87% return. Over the past 10 years, GIJAX has underperformed GOF with an annualized return of 1.25%, while GOF has yielded a comparatively higher 7.19% annualized return.
GIJAX
- 1D
- -0.17%
- 1M
- -1.63%
- 6M
- 0.29%
- YTD
- 0.85%
- 1Y
- 6.60%
- 3Y*
- 3.21%
- 5Y*
- -0.80%
- 10Y*
- 1.25%
- ALL TIME*
- 0.34%
GOF
- 1D
- 0.00%
- 1M
- -2.74%
- 6M
- -9.44%
- YTD
- -8.87%
- 1Y
- -15.54%
- 3Y*
- 1.50%
- 5Y*
- 0.02%
- 10Y*
- 7.19%
- ALL TIME*
- 8.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $12.95M | $14.31M | $15.46M |
GIJAX vs. GOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIJAX Guggenheim Municipal Income Fund | 0.85% | 5.11% | 2.49% | 3.39% | -13.84% | 1.52% | 5.01% | 6.84% | 0.84% | 5.76% |
GOF Guggenheim Strategic Opportunities Fund | -8.87% | -1.92% | 38.04% | -3.04% | -5.78% | 4.90% | 21.51% | 10.51% | -5.95% | 22.01% |
Correlation
The correlation between GIJAX and GOF is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2007 | 0.18 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GIJAX vs. GOF — Risk / Return Rank
GIJAX
GOF
GIJAX vs. GOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Municipal Income Fund (GIJAX) and Guggenheim Strategic Opportunities Fund (GOF). 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.
| GIJAX | GOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.46 | ||
| Sortino ratioReturn per unit of downside risk | +5.04 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 0.84 | +0.80 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | -0.68 | +3.49 |
| Martin ratioReturn relative to average drawdown | 10.80 | -1.12 | +11.92 |
Loading charts...
Drawdowns
GIJAX vs. GOF - Drawdown Comparison
The maximum GIJAX drawdown since its inception was -58.74%, which is greater than GOF's maximum drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for GIJAX and GOF.
Loading charts...
Drawdown Indicators
| GIJAX | GOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.74% | -54.66% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -23.24% | +20.59% |
Max Drawdown (3Y)Largest decline over 3 years | -6.16% | -28.56% | +22.40% |
Max Drawdown (5Y)Largest decline over 5 years | -19.49% | -32.41% | +12.92% |
Max Drawdown (10Y)Largest decline over 10 years | -19.73% | -38.50% | +18.77% |
Current DrawdownCurrent decline from peak | -4.45% | -18.83% | +14.38% |
Average DrawdownAverage peak-to-trough decline | -16.83% | -7.15% | -9.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 14.14% | -13.46% |
Volatility
GIJAX vs. GOF - Volatility Comparison
The current volatility for Guggenheim Municipal Income Fund (GIJAX) is 0.89%, while Guggenheim Strategic Opportunities Fund (GOF) has a volatility of 2.66%. This indicates that GIJAX experiences smaller price fluctuations and is considered to be less risky than GOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GIJAX | GOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 2.66% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 10.62% | -8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.87% | 18.23% | -15.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 18.18% | -13.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 19.53% | -15.08% |
GIJAX vs. GOF - Expense Ratio Comparison
GIJAX has a 0.79% expense ratio, which is lower than GOF's 1.89% expense ratio.
Dividends
GIJAX vs. GOF - Dividend Comparison
GIJAX's dividend yield for the trailing twelve months is around 3.13%, less than GOF's 20.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIJAX Guggenheim Municipal Income Fund | 3.13% | 2.91% | 3.16% | 1.90% | 2.79% | 1.82% | 1.84% | 2.21% | 2.73% | 2.23% | 2.05% | 2.27% |
GOF Guggenheim Strategic Opportunities Fund | 20.79% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
Frequently Asked Questions
GIJAX and GOF have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOF has higher volatility (2.66%) compared to GIJAX (0.89%). In terms of maximum drawdown, GIJAX dropped -58.74% vs GOF's -54.66%.
GIJAX currently has the higher Sharpe Ratio (2.59 vs -0.87), 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.
Find the right allocation for GIJAX and GOF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer