GIOIX vs. FALN
Compare and contrast key facts about Guggenheim Macro Opportunities Fund (GIOIX) and iShares Fallen Angels USD Bond ETF (FALN).
GIOIX is an actively managed fund by Guggenheim. 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.
Performance
GIOIX vs. FALN - Performance Comparison
Loading graphics...
GIOIX vs. FALN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIOIX Guggenheim Macro Opportunities Fund | -1.19% | 7.64% | 7.78% | 9.69% | -9.57% | 1.71% | 11.09% | 2.25% | 0.46% | 5.32% |
FALN iShares Fallen Angels USD Bond ETF | -1.06% | 8.92% | 7.68% | 13.47% | -13.79% | 5.40% | 14.85% | 17.42% | -4.97% | 8.70% |
Returns By Period
In the year-to-date period, GIOIX achieves a -1.19% return, which is significantly lower than FALN's -1.06% return.
GIOIX
- 1D
- 0.20%
- 1M
- -1.92%
- YTD
- -1.19%
- 6M
- 0.35%
- 1Y
- 4.78%
- 3Y*
- 6.88%
- 5Y*
- 3.05%
- 10Y*
- 4.37%
FALN
- 1D
- 1.04%
- 1M
- -2.55%
- YTD
- -1.06%
- 6M
- -0.67%
- 1Y
- 6.34%
- 3Y*
- 8.32%
- 5Y*
- 3.59%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GIOIX vs. FALN - Expense Ratio Comparison
GIOIX has a 0.96% expense ratio, which is higher than FALN's 0.25% expense ratio.
Return for Risk
GIOIX vs. FALN — Risk / Return Rank
GIOIX
FALN
GIOIX vs. FALN - Risk-Adjusted Trends 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.
| GIOIX | FALN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.15 | 0.92 | +1.22 |
Sortino ratioReturn per unit of downside risk | 3.55 | 1.31 | +2.24 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.22 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.15 | +1.27 |
Martin ratioReturn relative to average drawdown | 10.54 | 4.96 | +5.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GIOIX | FALN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 0.92 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.50 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.70 | 0.72 | +0.99 |
Correlation
The correlation between GIOIX and FALN is 0.50, 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.
Dividends
GIOIX vs. FALN - Dividend Comparison
GIOIX's dividend yield for the trailing twelve months is around 5.61%, less than FALN's 6.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIOIX Guggenheim Macro Opportunities Fund | 5.61% | 5.86% | 5.88% | 6.45% | 3.78% | 3.10% | 3.61% | 3.29% | 3.55% | 3.54% | 5.38% | 5.82% |
FALN iShares Fallen Angels USD Bond ETF | 6.51% | 6.31% | 6.24% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% | 0.00% |
Drawdowns
GIOIX vs. FALN - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -13.38%, 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.
Loading graphics...
Drawdown Indicators
| GIOIX | FALN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -29.22% | +15.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.12% | -5.57% | +3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -13.38% | -18.78% | +5.40% |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | — | — |
Current DrawdownCurrent decline from peak | -1.92% | -2.83% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -3.37% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 1.29% | -0.80% |
Volatility
GIOIX vs. FALN - Volatility Comparison
The current volatility for Guggenheim Macro Opportunities Fund (GIOIX) is 0.92%, while iShares Fallen Angels USD Bond ETF (FALN) has a volatility of 2.77%. 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.
Loading graphics...
Volatility by Period
| GIOIX | FALN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 2.77% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 3.53% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 6.90% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.14% | 7.28% | -4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.87% | 9.01% | -6.14% |