GIOIX vs. NOBL
Compare and contrast key facts about Guggenheim Macro Opportunities Fund (GIOIX) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
GIOIX is managed by Guggenheim Investments. It was launched on Nov 29, 2011. NOBL is a passively managed fund by ProShares that tracks the performance of the S&P 500 Dividend Aristocrats Index. It was launched on Oct 9, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIOIX or NOBL.
Performance
GIOIX vs. NOBL - Performance Comparison
Returns By Period
In the year-to-date period, GIOIX achieves a 7.08% return, which is significantly lower than NOBL's 13.33% return. Over the past 10 years, GIOIX has underperformed NOBL with an annualized return of 3.87%, while NOBL has yielded a comparatively higher 10.12% annualized return.
GIOIX
7.08%
0.34%
5.11%
11.37%
4.34%
3.87%
NOBL
13.33%
0.16%
10.00%
20.15%
9.87%
10.12%
Key characteristics
| GIOIX | NOBL | |
|---|---|---|
| Sharpe Ratio | 4.41 | 2.00 |
| Sortino Ratio | 9.36 | 2.81 |
| Omega Ratio | 2.35 | 1.35 |
| Calmar Ratio | 3.30 | 3.10 |
| Martin Ratio | 37.31 | 8.98 |
| Ulcer Index | 0.30% | 2.29% |
| Daily Std Dev | 2.58% | 10.26% |
| Max Drawdown | -12.22% | -35.43% |
| Current Drawdown | -0.16% | -1.50% |
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GIOIX vs. NOBL - Expense Ratio Comparison
GIOIX has a 0.96% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Correlation
The correlation between GIOIX and NOBL is 0.36, 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.
Risk-Adjusted Performance
GIOIX vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Macro Opportunities Fund (GIOIX) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). 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. NOBL - Dividend Comparison
GIOIX's dividend yield for the trailing twelve months is around 6.31%, more than NOBL's 1.99% 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% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 1.99% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
Drawdowns
GIOIX vs. NOBL - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -12.22%, smaller than the maximum NOBL drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for GIOIX and NOBL. For additional features, visit the drawdowns tool.
Volatility
GIOIX vs. NOBL - Volatility Comparison
The current volatility for Guggenheim Macro Opportunities Fund (GIOIX) is 0.55%, while ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a volatility of 3.11%. This indicates that GIOIX experiences smaller price fluctuations and is considered to be less risky than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.