GIJAX vs. SECUX
GIJAX (Guggenheim Municipal Income Fund) and SECUX (Guggenheim StylePlus - Mid Growth Fund) are both mutual funds - GIJAX is a Municipal Bonds fund managed by Guggenheim, while SECUX is a Mid Cap Growth Equities fund managed by Guggenheim. Over the past 10 years, GIJAX returned 1.39%/yr vs 11.28%/yr for SECUX. At a 0.32 correlation, their price movements are largely independent. GIJAX charges 0.79%/yr vs 1.42%/yr for SECUX.
Performance
GIJAX vs. SECUX - Performance Comparison
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Returns By Period
In the year-to-date period, GIJAX achieves a 1.77% return, which is significantly lower than SECUX's 15.00% return. Over the past 10 years, GIJAX has underperformed SECUX with an annualized return of 1.39%, while SECUX has yielded a comparatively higher 11.28% annualized return.
GIJAX
- 1D
- 0.09%
- 1M
- 1.69%
- YTD
- 1.77%
- 6M
- 2.16%
- 1Y
- 8.01%
- 3Y*
- 3.81%
- 5Y*
- -0.40%
- 10Y*
- 1.39%
SECUX
- 1D
- 1.14%
- 1M
- 1.78%
- YTD
- 15.00%
- 6M
- 12.33%
- 1Y
- 18.63%
- 3Y*
- 14.03%
- 5Y*
- 5.20%
- 10Y*
- 11.28%
GIJAX vs. SECUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIJAX Guggenheim Municipal Income Fund | 1.77% | 5.11% | 2.49% | 3.39% | -13.84% | 1.52% | 5.01% | 6.84% | 0.84% | 5.76% |
SECUX Guggenheim StylePlus - Mid Growth Fund | 15.00% | 1.86% | 14.29% | 26.43% | -28.33% | 13.39% | 31.95% | 32.44% | -7.76% | 24.15% |
Correlation
The correlation between GIJAX and SECUX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.32 |
Over the past year, the correlation between GIJAX and SECUX has dropped to 0.12 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
GIJAX vs. SECUX — Risk / Return Rank
GIJAX
SECUX
GIJAX vs. SECUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Municipal Income Fund (GIJAX) and Guggenheim StylePlus - Mid Growth Fund (SECUX). 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 | SECUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.20 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.04 | +1.01 |
| Martin ratioReturn relative to average drawdown | 12.29 | 6.82 | +5.47 |
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Drawdowns
GIJAX vs. SECUX - Drawdown Comparison
The maximum GIJAX drawdown since its inception was -58.74%, smaller than the maximum SECUX drawdown of -71.68%. Use the drawdown chart below to compare losses from any high point for GIJAX and SECUX.
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Drawdown Indicators
| GIJAX | SECUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.74% | -71.68% | +12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -9.17% | +6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -7.29% | -25.43% | +18.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.73% | -37.80% | +18.07% |
Max Drawdown (10Y)Largest decline over 10 years | -19.73% | -38.56% | +18.83% |
Current DrawdownCurrent decline from peak | -3.57% | -1.00% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -16.89% | -18.39% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 2.74% | -2.09% |
Volatility
GIJAX vs. SECUX - Volatility Comparison
The current volatility for Guggenheim Municipal Income Fund (GIJAX) is 0.82%, while Guggenheim StylePlus - Mid Growth Fund (SECUX) has a volatility of 6.00%. This indicates that GIJAX experiences smaller price fluctuations and is considered to be less risky than SECUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIJAX | SECUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 6.00% | -5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 13.39% | -11.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 16.48% | -13.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 21.53% | -16.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 21.23% | -16.79% |
GIJAX vs. SECUX - Expense Ratio Comparison
GIJAX has a 0.79% expense ratio, which is lower than SECUX's 1.42% expense ratio.
Dividends
GIJAX vs. SECUX - Dividend Comparison
GIJAX's dividend yield for the trailing twelve months is around 3.26%, while SECUX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIJAX Guggenheim Municipal Income Fund | 3.26% | 2.91% | 3.16% | 1.90% | 2.79% | 1.82% | 1.84% | 2.21% | 2.73% | 2.23% | 2.05% | 2.27% |
SECUX Guggenheim StylePlus - Mid Growth Fund | 0.00% | 0.00% | 0.00% | 2.31% | 41.48% | 6.54% | 14.34% | 2.18% | 27.68% | 12.89% | 0.59% | 14.34% |
Frequently Asked Questions
GIJAX and SECUX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SECUX has higher volatility (6.00%) compared to GIJAX (0.82%). In terms of maximum drawdown, GIJAX dropped -58.74% vs SECUX's -71.68%.
GIJAX currently has the higher Sharpe Ratio (2.92 vs 1.14), 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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