GIOIX vs. ANGL
Compare and contrast key facts about Guggenheim Macro Opportunities Fund (GIOIX) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL).
GIOIX is managed by Guggenheim Investments. It was launched on Nov 29, 2011. ANGL is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch US Fallen Angel High Yield Index. It was launched on Apr 10, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIOIX or ANGL.
Correlation
The correlation between GIOIX and ANGL is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GIOIX vs. ANGL - Performance Comparison
Key characteristics
GIOIX:
3.62
ANGL:
1.52
GIOIX:
7.22
ANGL:
2.15
GIOIX:
2.03
ANGL:
1.28
GIOIX:
8.61
ANGL:
1.48
GIOIX:
25.25
ANGL:
8.70
GIOIX:
0.34%
ANGL:
0.83%
GIOIX:
2.35%
ANGL:
4.73%
GIOIX:
-12.22%
ANGL:
-35.07%
GIOIX:
-0.01%
ANGL:
0.00%
Returns By Period
In the year-to-date period, GIOIX achieves a 0.32% return, which is significantly lower than ANGL's 1.46% return. Over the past 10 years, GIOIX has underperformed ANGL with an annualized return of 3.88%, while ANGL has yielded a comparatively higher 6.39% annualized return.
GIOIX
0.32%
0.84%
3.91%
8.22%
4.42%
3.88%
ANGL
1.46%
1.68%
4.55%
6.47%
4.58%
6.39%
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GIOIX vs. ANGL - Expense Ratio Comparison
GIOIX has a 0.96% expense ratio, which is higher than ANGL's 0.35% expense ratio.
Risk-Adjusted Performance
GIOIX vs. ANGL — Risk-Adjusted Performance Rank
GIOIX
ANGL
GIOIX vs. ANGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Macro Opportunities Fund (GIOIX) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). 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. ANGL - Dividend Comparison
GIOIX's dividend yield for the trailing twelve months is around 5.87%, less than ANGL's 6.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIOIX Guggenheim Macro Opportunities Fund | 5.87% | 5.89% | 6.45% | 5.12% | 3.89% | 4.05% | 3.29% | 3.55% | 3.54% | 5.38% | 5.48% | 4.96% |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 6.19% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.20% | 6.00% | 5.25% | 5.79% | 5.82% | 6.80% |
Drawdowns
GIOIX vs. ANGL - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -12.22%, smaller than the maximum ANGL drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for GIOIX and ANGL. For additional features, visit the drawdowns tool.
Volatility
GIOIX vs. ANGL - Volatility Comparison
The current volatility for Guggenheim Macro Opportunities Fund (GIOIX) is 0.66%, while VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) has a volatility of 1.24%. This indicates that GIOIX experiences smaller price fluctuations and is considered to be less risky than ANGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.