GIOIX vs. AGG
Compare and contrast key facts about Guggenheim Macro Opportunities Fund (GIOIX) and iShares Core U.S. Aggregate Bond ETF (AGG).
GIOIX is managed by Guggenheim Investments. It was launched on Nov 29, 2011. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIOIX or AGG.
Key characteristics
| GIOIX | AGG | |
|---|---|---|
| YTD Return | 6.54% | 1.95% |
| 1Y Return | 12.38% | 10.57% |
| 3Y Return (Ann) | 2.50% | -2.19% |
| 5Y Return (Ann) | 4.22% | -0.24% |
| 10Y Return (Ann) | 3.87% | 1.47% |
| Sharpe Ratio | 4.74 | 1.74 |
| Sortino Ratio | 10.56 | 2.58 |
| Omega Ratio | 2.53 | 1.31 |
| Calmar Ratio | 2.82 | 0.61 |
| Martin Ratio | 43.82 | 6.76 |
| Ulcer Index | 0.30% | 1.55% |
| Daily Std Dev | 2.80% | 6.02% |
| Max Drawdown | -12.22% | -18.43% |
| Current Drawdown | -0.64% | -8.37% |
Correlation
The correlation between GIOIX and AGG is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GIOIX vs. AGG - Performance Comparison
In the year-to-date period, GIOIX achieves a 6.54% return, which is significantly higher than AGG's 1.95% return. Over the past 10 years, GIOIX has outperformed AGG with an annualized return of 3.87%, while AGG has yielded a comparatively lower 1.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GIOIX vs. AGG - Expense Ratio Comparison
GIOIX has a 0.96% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
GIOIX vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Macro Opportunities Fund (GIOIX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
Dividends
GIOIX vs. AGG - Dividend Comparison
GIOIX's dividend yield for the trailing twelve months is around 5.82%, more than AGG's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIOIX Guggenheim Macro Opportunities Fund | 5.82% | 6.45% | 5.12% | 3.89% | 4.05% | 3.29% | 3.64% | 3.53% | 5.38% | 5.48% | 4.96% | 5.43% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.30% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
GIOIX vs. AGG - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -12.22%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for GIOIX and AGG. For additional features, visit the drawdowns tool.
Volatility
GIOIX vs. AGG - Volatility Comparison
The current volatility for Guggenheim Macro Opportunities Fund (GIOIX) is 0.40%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.29%. This indicates that GIOIX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.