GIOIX vs. HYLS
Compare and contrast key facts about Guggenheim Macro Opportunities Fund (GIOIX) and First Trust Tactical High Yield ETF (HYLS).
GIOIX is an actively managed fund by Guggenheim. It was launched on Nov 29, 2011. HYLS is an actively managed fund by First Trust. It was launched on Feb 27, 2013.
Performance
GIOIX vs. HYLS - Performance Comparison
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GIOIX vs. HYLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIOIX Guggenheim Macro Opportunities Fund | -0.95% | 7.64% | 7.78% | 9.69% | -9.57% | 1.71% | 11.09% | 2.25% | 0.46% | 5.32% |
HYLS First Trust Tactical High Yield ETF | -1.29% | 8.00% | 5.85% | 13.66% | -12.83% | 3.69% | 5.32% | 14.66% | -2.46% | 6.39% |
Returns By Period
In the year-to-date period, GIOIX achieves a -0.95% return, which is significantly higher than HYLS's -1.29% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: GIOIX at 4.39% and HYLS at 4.39%.
GIOIX
- 1D
- 0.24%
- 1M
- -1.45%
- YTD
- -0.95%
- 6M
- 0.51%
- 1Y
- 4.91%
- 3Y*
- 6.97%
- 5Y*
- 3.06%
- 10Y*
- 4.39%
HYLS
- 1D
- 0.17%
- 1M
- -0.42%
- YTD
- -1.29%
- 6M
- -0.27%
- 1Y
- 5.37%
- 3Y*
- 7.33%
- 5Y*
- 2.70%
- 10Y*
- 4.39%
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GIOIX vs. HYLS - Expense Ratio Comparison
GIOIX has a 0.96% expense ratio, which is lower than HYLS's 1.01% expense ratio.
Return for Risk
GIOIX vs. HYLS — Risk / Return Rank
GIOIX
HYLS
GIOIX vs. HYLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Macro Opportunities Fund (GIOIX) and First Trust Tactical High Yield ETF (HYLS). 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 | HYLS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 1.14 | +0.97 |
Sortino ratioReturn per unit of downside risk | 3.46 | 1.69 | +1.77 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.25 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.72 | +0.84 |
Martin ratioReturn relative to average drawdown | 10.90 | 7.06 | +3.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GIOIX | HYLS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.14 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.41 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.54 | 0.66 | +0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | 0.67 | +1.04 |
Correlation
The correlation between GIOIX and HYLS is 0.47, 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. HYLS - Dividend Comparison
GIOIX's dividend yield for the trailing twelve months is around 5.59%, less than HYLS's 6.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIOIX Guggenheim Macro Opportunities Fund | 5.59% | 5.86% | 5.88% | 6.45% | 3.78% | 3.10% | 3.61% | 3.29% | 3.55% | 3.54% | 5.38% | 5.82% |
HYLS First Trust Tactical High Yield ETF | 6.67% | 6.38% | 6.25% | 5.98% | 7.38% | 5.48% | 5.09% | 5.17% | 5.81% | 5.53% | 5.37% | 6.11% |
Drawdowns
GIOIX vs. HYLS - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -13.38%, smaller than the maximum HYLS drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for GIOIX and HYLS.
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Drawdown Indicators
| GIOIX | HYLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -22.99% | +9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.12% | -3.33% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -13.38% | -15.75% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | -22.99% | +9.61% |
Current DrawdownCurrent decline from peak | -1.68% | -1.76% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -2.17% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.81% | -0.31% |
Volatility
GIOIX vs. HYLS - Volatility Comparison
The current volatility for Guggenheim Macro Opportunities Fund (GIOIX) is 0.97%, while First Trust Tactical High Yield ETF (HYLS) has a volatility of 2.10%. This indicates that GIOIX experiences smaller price fluctuations and is considered to be less risky than HYLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIOIX | HYLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 2.10% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.61% | 2.68% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 4.76% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.13% | 6.59% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.87% | 6.70% | -3.83% |