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.
Correlation
The correlation between GIOIX and BBSA is 0.06, 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. BBSA - Performance Comparison
Key characteristics
Returns By Period
GIOIX
1.05%
0.90%
1.64%
6.96%
5.53%
3.88%
BBSA
N/A
N/A
N/A
N/A
N/A
N/A
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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.
Risk-Adjusted Performance
GIOIX vs. BBSA — Risk-Adjusted Performance Rank
GIOIX
BBSA
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 5.34%, while BBSA has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIOIX Guggenheim Macro Opportunities Fund | 5.34% | 5.89% | 6.45% | 5.12% | 3.89% | 4.05% | 3.29% | 3.55% | 3.54% | 5.38% | 5.48% | 4.96% |
BBSA JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF | 1.56% | 2.84% | 2.93% | 1.57% | 1.67% | 2.04% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GIOIX vs. BBSA - Drawdown Comparison
Volatility
GIOIX vs. BBSA - Volatility Comparison
Guggenheim Macro Opportunities Fund (GIOIX) has a higher volatility of 0.64% 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.