GIOIX vs. BBSA
Compare and contrast key facts about Guggenheim Macro Opportunities Fund (GIOIX) and JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA).
GIOIX is managed by Guggenheim Investments. It was launched on Nov 29, 2011. BBSA is a passively managed fund by JPMorgan Chase that tracks the performance of the Bloomberg Barclays Short-Term US Aggregate Bond Index. It was launched on Mar 12, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIOIX or BBSA.
Performance
GIOIX vs. BBSA - Performance Comparison
Returns By Period
In the year-to-date period, GIOIX achieves a 7.08% return, which is significantly higher than BBSA's 3.82% return.
GIOIX
7.08%
0.34%
5.11%
11.37%
4.34%
3.87%
BBSA
3.82%
0.00%
3.70%
6.03%
1.27%
N/A
Key characteristics
| GIOIX | BBSA | |
|---|---|---|
| Sharpe Ratio | 4.41 | 2.73 |
| Sortino Ratio | 9.36 | 4.30 |
| Omega Ratio | 2.35 | 1.56 |
| Calmar Ratio | 3.30 | 1.30 |
| Martin Ratio | 37.31 | 15.00 |
| Ulcer Index | 0.30% | 0.51% |
| Daily Std Dev | 2.58% | 2.82% |
| Max Drawdown | -12.22% | -9.03% |
| Current Drawdown | -0.16% | -0.84% |
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GIOIX vs. BBSA - Expense Ratio Comparison
GIOIX has a 0.96% expense ratio, which is higher than BBSA's 0.05% expense ratio.
Correlation
The correlation between GIOIX and BBSA is 0.46, 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.
Risk-Adjusted Performance
GIOIX vs. BBSA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Macro Opportunities Fund (GIOIX) and JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA). 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. BBSA - Dividend Comparison
GIOIX's dividend yield for the trailing twelve months is around 6.31%, more than BBSA's 3.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIOIX Guggenheim Macro Opportunities Fund | 6.31% | 6.45% | 5.12% | 3.89% | 4.05% | 3.29% | 3.55% | 3.54% | 5.38% | 5.48% | 4.96% | 5.43% |
BBSA JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF | 3.46% | 2.93% | 1.57% | 1.67% | 2.04% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GIOIX vs. BBSA - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -12.22%, which is greater than BBSA's maximum drawdown of -9.03%. Use the drawdown chart below to compare losses from any high point for GIOIX and BBSA. For additional features, visit the drawdowns tool.
Volatility
GIOIX vs. BBSA - Volatility Comparison
Guggenheim Macro Opportunities Fund (GIOIX) has a higher volatility of 0.55% compared to JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA) at 0.00%. This indicates that GIOIX's price experiences larger fluctuations and is considered to be riskier than BBSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.