GIOIX vs. FALN
Compare and contrast key facts about Guggenheim Macro Opportunities Fund (GIOIX) and iShares Fallen Angels USD Bond ETF (FALN).
GIOIX is managed by Guggenheim Investments. It was launched on Nov 29, 2011. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIOIX or FALN.
Key characteristics
| GIOIX | FALN | |
|---|---|---|
| YTD Return | 6.54% | 7.01% |
| 1Y Return | 12.38% | 16.92% |
| 3Y Return (Ann) | 2.50% | 1.64% |
| 5Y Return (Ann) | 4.22% | 5.45% |
| Sharpe Ratio | 4.74 | 3.39 |
| Sortino Ratio | 10.56 | 5.45 |
| Omega Ratio | 2.53 | 1.70 |
| Calmar Ratio | 2.82 | 1.58 |
| Martin Ratio | 43.82 | 26.14 |
| Ulcer Index | 0.30% | 0.67% |
| Daily Std Dev | 2.80% | 5.20% |
| Max Drawdown | -12.22% | -29.22% |
| Current Drawdown | -0.64% | -1.18% |
Correlation
The correlation between GIOIX and FALN is 0.48, 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. FALN - Performance Comparison
In the year-to-date period, GIOIX achieves a 6.54% return, which is significantly lower than FALN's 7.01% 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. FALN - Expense Ratio Comparison
GIOIX has a 0.96% expense ratio, which is higher than FALN's 0.25% expense ratio.
Risk-Adjusted Performance
GIOIX vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Macro Opportunities Fund (GIOIX) and iShares Fallen Angels USD Bond ETF (FALN). 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. FALN - Dividend Comparison
GIOIX's dividend yield for the trailing twelve months is around 5.82%, less than FALN's 6.00% 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% |
FALN iShares Fallen Angels USD Bond ETF | 5.58% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% | 0.00% | 0.00% | 0.00% |
Drawdowns
GIOIX vs. FALN - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -12.22%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for GIOIX and FALN. For additional features, visit the drawdowns tool.
Volatility
GIOIX vs. FALN - Volatility Comparison
The current volatility for Guggenheim Macro Opportunities Fund (GIOIX) is 0.40%, while iShares Fallen Angels USD Bond ETF (FALN) has a volatility of 1.21%. This indicates that GIOIX experiences smaller price fluctuations and is considered to be less risky than FALN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.