GILIX vs. SECEX

Last updated Jun 5, 2026

GILIX (NAA Large Core Fund Class Institutional) and SECEX (Guggenheim StylePlus - Large Core Fund) are both Large Cap Blend Equities funds from Guggenheim. Over the past 10 years, GILIX returned 14.93%/yr vs 14.69%/yr for SECEX. With a 1.00 correlation, they move nearly in lockstep. GILIX charges 1.01%/yr vs 1.31%/yr for SECEX.

Performance

GILIX vs. SECEX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with GILIX having a 14.27% return and SECEX slightly lower at 14.10%. Both investments have delivered pretty close results over the past 10 years, with GILIX having a 14.93% annualized return and SECEX not far behind at 14.69%.

GILIX

• 1D: -0.57%
• 1M: 7.43%
• YTD: 14.27%
• 6M: 14.10%
• 1Y: 31.54%
• 3Y*: 23.70%
• 5Y*: 13.42%
• 10Y*: 14.93%

SECEX

• 1D: -0.60%
• 1M: 7.41%
• YTD: 14.10%
• 6M: 13.95%
• 1Y: 31.19%
• 3Y*: 23.41%
• 5Y*: 13.17%
• 10Y*: 14.69%

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

GILIX vs. SECEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GILIX NAA Large Core Fund Class Institutional	14.27%	16.30%	25.96%	27.09%	-21.88%	28.43%	18.05%	29.96%	-6.99%	22.38%
SECEX Guggenheim StylePlus - Large Core Fund	14.10%	16.04%	25.74%	26.72%	-21.98%	28.21%	17.76%	29.62%	-7.18%	21.99%

Correlation

The correlation between GILIX and SECEX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	1.00

The correlation between GILIX and SECEX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

GILIX vs. SECEX — Risk / Return Rank

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

GILIX

GILIX Risk / Return Rank: 75
GILIX Sharpe Ratio Rank: 81
GILIX Sortino Ratio Rank: 75
GILIX Omega Ratio Rank: 71
GILIX Calmar Ratio Rank: 70
GILIX Martin Ratio Rank: 79

SECEX

SECEX Risk / Return Rank: 71
SECEX Sharpe Ratio Rank: 78
SECEX Sortino Ratio Rank: 71
SECEX Omega Ratio Rank: 67
SECEX Calmar Ratio Rank: 65
SECEX Martin Ratio Rank: 75

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.

GILIX vs. SECEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NAA Large Core Fund Class Institutional (GILIX) 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.

	GILIX	SECEX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.56	+0.03
Sortino ratio: Return per unit of downside risk	3.55	3.51	+0.04
Omega ratio: Gain probability vs. loss probability	1.46	1.45	+0.01
Calmar ratio: Return relative to maximum drawdown	3.12	3.07	+0.05
Martin ratio: Return relative to average drawdown	14.17	13.93	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GILIX vs. SECEX - Sharpe Ratio Comparison

The current GILIX Sharpe Ratio is 2.59, which is comparable to the SECEX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of GILIX 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.

Sharpe Ratios by Period

	GILIX	SECEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.56	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.78	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.81	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.32	+0.44

Drawdowns

GILIX vs. SECEX - Drawdown Comparison

The maximum GILIX drawdown since its inception was -35.61%, smaller than the maximum SECEX drawdown of -73.88%. Use the drawdown chart below to compare losses from any high point for GILIX and SECEX.

Drawdown Indicators

	GILIX	SECEX	Difference
Max Drawdown Largest peak-to-trough decline	-35.61%	-73.88%	+38.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-10.23%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-18.24%	-18.34%	+0.10%
Max Drawdown (5Y) Largest decline over 5 years	-27.40%	-27.55%	+0.15%
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	-35.59%	-0.02%
Current Drawdown Current decline from peak	-0.57%	-0.60%	+0.03%
Average Drawdown Average peak-to-trough decline	-5.60%	-20.68%	+15.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.25%	-0.01%

Volatility

GILIX vs. SECEX - Volatility Comparison

NAA Large Core Fund Class Institutional (GILIX) and Guggenheim StylePlus - Large Core Fund (SECEX) have volatilities of 3.95% and 3.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GILIX	SECEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.94%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.51%	9.51%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	12.26%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	17.03%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.12%	18.11%	+0.01%

GILIX vs. SECEX - Expense Ratio Comparison

GILIX has a 1.01% expense ratio, which is lower than SECEX's 1.31% expense ratio.

Dividends

GILIX vs. SECEX - Dividend Comparison

GILIX's dividend yield for the trailing twelve months is around 2.86%, more than SECEX's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GILIX NAA Large Core Fund Class Institutional	2.86%	3.27%	23.88%	2.78%	41.55%	4.81%	9.53%	1.80%	23.14%	19.31%	1.95%	12.83%
SECEX Guggenheim StylePlus - Large Core Fund	2.59%	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 GILIX and SECEX in my portfolio?

With a correlation of 1.00, GILIX and SECEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GILIX or SECEX?

GILIX has higher volatility (3.95%) compared to SECEX (3.94%). In terms of maximum drawdown, GILIX dropped -35.61% vs SECEX's -73.88%.

Which has better risk-adjusted returns?

GILIX currently has the higher Sharpe Ratio (2.59 vs 2.56), 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.