GILHX vs. VESIX

Last updated Aug 5, 2026

GILHX (Guggenheim Limited Duration Fund) and VESIX (Vanguard European Stock Index Fund Institutional Shares) are both mutual funds - GILHX is a Short-Term Bond fund managed by Guggenheim, while VESIX is a Europe Equities fund managed by Vanguard. Over the past 10 years, GILHX returned 2.96%/yr vs 10.02%/yr for VESIX. Their 0.13 correlation means their historical movements had little consistent relationship. GILHX charges 0.49%/yr vs 0.08%/yr for VESIX.

Performance

GILHX vs. VESIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Limited Duration Fund (GILHX) and Vanguard European Stock Index Fund Institutional Shares (VESIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GILHX achieves a 1.08% return, which is significantly lower than VESIX's 10.87% return. Over the past 10 years, GILHX has underperformed VESIX with an annualized return of 2.96%, while VESIX has yielded a comparatively higher 10.02% annualized return.

GILHX

• 1D: 0.08%
• 1M: -0.20%
• 6M: 0.71%
• YTD: 1.08%
• 1Y: 3.40%
• 3Y*: 5.59%
• 5Y*: 2.91%
• 10Y*: 2.96%
• ALL TIME*: 2.88%

VESIX

• 1D: 0.37%
• 1M: 1.72%
• 6M: 5.31%
• YTD: 10.87%
• 1Y: 23.10%
• 3Y*: 17.52%
• 5Y*: 9.16%
• 10Y*: 10.02%
• ALL TIME*: 5.66%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GILHX Guggenheim Limited Duration Fund	$0.00	$0.00	$0.00
VESIX Vanguard European Stock Index Fund Institutional Shares	$0.00	$0.00	$0.00

GILHX vs. VESIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GILHX Guggenheim Limited Duration Fund	1.08%	6.02%	6.00%	7.28%	-4.90%	0.00%	6.51%	2.21%	1.66%	2.91%
VESIX Vanguard European Stock Index Fund Institutional Shares	10.87%	35.43%	2.02%	20.03%	-16.07%	16.31%	6.46%	24.24%	-14.78%	27.05%

Correlation

The correlation between GILHX and VESIX is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (3Y) Balances recent behavior with more history.	0.28
Correlation (5Y) Shows whether the relationship held over a longer period.	0.27
Correlation (10Y) Provides a long-term view across more market conditions.	0.12
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.13

Over the past year, GILHX and VESIX have become more correlated (0.48) than their long-term average of 0.13, meaning their price movements have been converging.

Return for Risk

GILHX vs. VESIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GILHX

GILHX Risk / Return Rank: 88
GILHX Sharpe Ratio Rank: 80
GILHX Sortino Ratio Rank: 94
GILHX Omega Ratio Rank: 89
GILHX Calmar Ratio Rank: 84
GILHX Martin Ratio Rank: 91

VESIX

VESIX Risk / Return Rank: 52
VESIX Sharpe Ratio Rank: 54
VESIX Sortino Ratio Rank: 55
VESIX Omega Ratio Rank: 49
VESIX Calmar Ratio Rank: 49
VESIX Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GILHX vs. VESIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Limited Duration Fund (GILHX) and Vanguard European Stock Index Fund Institutional Shares (VESIX). 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.

	GILHX	VESIX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.58	+0.37
Sortino ratio: Return per unit of downside risk	3.73	2.28	+1.45
Omega ratio: Gain probability vs. loss probability	1.46	1.28	+0.18
Calmar ratio: Return relative to maximum drawdown	3.06	2.06	+1.00
Martin ratio: Return relative to average drawdown	13.56	7.78	+5.78

GILHX vs. VESIX - Sharpe Ratio Comparison

The current GILHX Sharpe Ratio is 1.95, which is comparable to the VESIX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of GILHX and VESIX, 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

GILHX vs. VESIX - Drawdown Comparison

The maximum GILHX drawdown since its inception was -8.10%, smaller than the maximum VESIX drawdown of -63.25%. Use the drawdown chart below to compare losses from any high point for GILHX and VESIX.

Drawdown Indicators

	GILHX	VESIX	Difference
Max Drawdown Largest peak-to-trough decline	-8.10%	-63.25%	+55.15%
Max Drawdown (1Y) Largest decline over 1 year	-1.13%	-11.96%	+10.83%
Max Drawdown (3Y) Largest decline over 3 years	-1.13%	-13.94%	+12.81%
Max Drawdown (5Y) Largest decline over 5 years	-8.10%	-32.68%	+24.58%
Max Drawdown (10Y) Largest decline over 10 years	-8.10%	-36.85%	+28.75%
Current Drawdown Current decline from peak	-0.20%	-0.19%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.69%	-15.13%	+14.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	3.16%	-2.91%

Volatility

GILHX vs. VESIX - Volatility Comparison

The current volatility for Guggenheim Limited Duration Fund (GILHX) is 0.38%, while Vanguard European Stock Index Fund Institutional Shares (VESIX) has a volatility of 3.79%. This indicates that GILHX experiences smaller price fluctuations and is considered to be less risky than VESIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GILHX	VESIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	3.79%	-3.41%
Volatility (6M) Calculated over the trailing 6-month period	1.37%	13.30%	-11.93%
Volatility (1Y) Calculated over the trailing 1-year period	1.78%	15.65%	-13.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.25%	17.45%	-15.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.85%	17.77%	-15.92%

GILHX vs. VESIX - Expense Ratio Comparison

GILHX has a 0.49% expense ratio, which is higher than VESIX's 0.08% expense ratio.

Dividends

GILHX vs. VESIX - Dividend Comparison

GILHX's dividend yield for the trailing twelve months is around 4.22%, more than VESIX's 2.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GILHX Guggenheim Limited Duration Fund	4.22%	4.43%	4.38%	4.31%	2.05%	1.79%	2.25%	2.31%	2.35%	2.39%	3.07%	3.54%
VESIX Vanguard European Stock Index Fund Institutional Shares	2.82%	2.86%	3.60%	3.15%	3.25%	3.04%	2.10%	3.28%	3.95%	2.72%	3.54%	3.27%

Frequently Asked Questions

Can I hold both GILHX and VESIX in my portfolio?

GILHX and VESIX have a correlation of 0.48, 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 VESIX?

VESIX has higher volatility (3.79%) compared to GILHX (0.38%). In terms of maximum drawdown, GILHX dropped -8.10% vs VESIX's -63.25%.

Which has better risk-adjusted returns?

GILHX currently has the higher Sharpe Ratio (1.95 vs 1.58), 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.