GILHX vs. GIOIX

Last updated Jun 5, 2026

GILHX (Guggenheim Limited Duration Fund) and GIOIX (Guggenheim Macro Opportunities Fund) are both mutual funds - GILHX is a Short-Term Bond fund managed by Guggenheim, while GIOIX is a Nontraditional Bonds fund actively managed by Guggenheim. Over the past 10 years, GILHX returned 3.08%/yr vs 4.31%/yr for GIOIX. A 0.64 correlation means they provide meaningful diversification when combined. GILHX charges 0.49%/yr vs 0.96%/yr for GIOIX.

Performance

GILHX vs. GIOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Limited Duration Fund (GILHX) and Guggenheim Macro Opportunities Fund (GIOIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GILHX achieves a 0.94% return, which is significantly lower than GIOIX's 0.99% return. Over the past 10 years, GILHX has underperformed GIOIX with an annualized return of 3.08%, while GIOIX has yielded a comparatively higher 4.31% annualized return.

GILHX

• 1D: -0.04%
• 1M: 0.15%
• YTD: 0.94%
• 6M: 1.47%
• 1Y: 4.48%
• 3Y*: 5.83%
• 5Y*: 2.98%
• 10Y*: 3.08%

GIOIX

• 1D: -0.12%
• 1M: 0.32%
• YTD: 0.99%
• 6M: 1.61%
• 1Y: 5.77%
• 3Y*: 7.55%
• 5Y*: 3.28%
• 10Y*: 4.31%

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

GILHX vs. GIOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GILHX Guggenheim Limited Duration Fund	0.94%	6.02%	6.00%	7.28%	-4.90%	0.00%	6.51%	2.21%	1.66%	2.91%
GIOIX Guggenheim Macro Opportunities Fund	0.99%	7.64%	7.78%	9.69%	-9.57%	1.71%	11.09%	2.25%	0.46%	5.32%

Correlation

The correlation between GILHX and GIOIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.64

The correlation between GILHX and GIOIX shifts across timeframes, from 0.64 (all time) to 0.82 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

GILHX vs. GIOIX — Risk / Return Rank

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

GILHX

GILHX Risk / Return Rank: 87
GILHX Sharpe Ratio Rank: 76
GILHX Sortino Ratio Rank: 96
GILHX Omega Ratio Rank: 88
GILHX Calmar Ratio Rank: 87
GILHX Martin Ratio Rank: 91

GIOIX

GIOIX Risk / Return Rank: 75
GIOIX Sharpe Ratio Rank: 70
GIOIX Sortino Ratio Rank: 91
GIOIX Omega Ratio Rank: 87
GIOIX Calmar Ratio Rank: 56
GIOIX Martin Ratio Rank: 71

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.

GILHX vs. GIOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Limited Duration Fund (GILHX) and Guggenheim Macro Opportunities Fund (GIOIX). 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.

	GILHX	GIOIX	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.44	+0.09
Sortino ratio: Return per unit of downside risk	5.23	4.53	+0.69
Omega ratio: Gain probability vs. loss probability	1.64	1.61	+0.03
Calmar ratio: Return relative to maximum drawdown	4.18	2.84	+1.34
Martin ratio: Return relative to average drawdown	18.46	13.55	+4.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GILHX vs. GIOIX - Sharpe Ratio Comparison

The current GILHX Sharpe Ratio is 2.53, which is comparable to the GIOIX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of GILHX and GIOIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GILHX	GIOIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	2.44	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.34	1.04	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.68	1.50	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	1.68	1.73	-0.05

Drawdowns

GILHX vs. GIOIX - Drawdown Comparison

The maximum GILHX drawdown since its inception was -8.10%, smaller than the maximum GIOIX drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for GILHX and GIOIX.

Drawdown Indicators

	GILHX	GIOIX	Difference
Max Drawdown Largest peak-to-trough decline	-8.10%	-13.38%	+5.28%
Max Drawdown (1Y) Largest decline over 1 year	-1.13%	-2.12%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-1.13%	-2.12%	+0.99%
Max Drawdown (5Y) Largest decline over 5 years	-8.10%	-13.38%	+5.28%
Max Drawdown (10Y) Largest decline over 10 years	-8.10%	-13.38%	+5.28%
Current Drawdown Current decline from peak	-0.12%	-0.20%	+0.08%
Average Drawdown Average peak-to-trough decline	-0.70%	-1.42%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	0.44%	-0.18%

Volatility

GILHX vs. GIOIX - Volatility Comparison

The current volatility for Guggenheim Limited Duration Fund (GILHX) is 0.59%, while Guggenheim Macro Opportunities Fund (GIOIX) has a volatility of 0.98%. This indicates that GILHX experiences smaller price fluctuations and is considered to be less risky than GIOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GILHX	GIOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	0.98%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	1.33%	2.00%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	1.87%	2.47%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.23%	3.18%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.85%	2.89%	-1.04%

GILHX vs. GIOIX - Expense Ratio Comparison

GILHX has a 0.49% expense ratio, which is lower than GIOIX's 0.96% expense ratio.

Dividends

GILHX vs. GIOIX - Dividend Comparison

GILHX's dividend yield for the trailing twelve months is around 4.56%, less than GIOIX's 6.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GILHX Guggenheim Limited Duration Fund	4.56%	4.43%	4.38%	4.31%	2.05%	1.79%	2.25%	2.31%	2.35%	2.39%	3.07%	3.54%
GIOIX Guggenheim Macro Opportunities Fund	6.10%	5.86%	5.88%	6.45%	3.78%	3.10%	3.61%	3.29%	3.55%	3.54%	5.38%	5.82%

Frequently Asked Questions

Can I hold both GILHX and GIOIX in my portfolio?

GILHX and GIOIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GILHX or GIOIX?

GIOIX has higher volatility (0.98%) compared to GILHX (0.59%). In terms of maximum drawdown, GILHX dropped -8.10% vs GIOIX's -13.38%.

Which has better risk-adjusted returns?

GILHX currently has the higher Sharpe Ratio (2.53 vs 2.44), 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.