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.
Correlation
The correlation between GIOIX and NOBL is 0.39, 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. NOBL - Performance Comparison
Key characteristics
GIOIX:
2.87
NOBL:
0.07
GIOIX:
5.21
NOBL:
0.30
GIOIX:
1.76
NOBL:
1.04
GIOIX:
3.65
NOBL:
0.13
GIOIX:
15.06
NOBL:
0.41
GIOIX:
0.46%
NOBL:
4.86%
GIOIX:
2.40%
NOBL:
14.89%
GIOIX:
-12.22%
NOBL:
-35.44%
GIOIX:
-0.72%
NOBL:
-8.30%
Returns By Period
In the year-to-date period, GIOIX achieves a 1.04% return, which is significantly higher than NOBL's -0.66% return. Over the past 10 years, GIOIX has underperformed NOBL with an annualized return of 3.89%, while NOBL has yielded a comparatively higher 9.23% annualized return.
GIOIX
1.04%
0.86%
1.54%
6.85%
5.52%
3.89%
NOBL
-0.66%
2.14%
-6.59%
1.08%
11.41%
9.23%
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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.
Risk-Adjusted Performance
GIOIX vs. NOBL — Risk-Adjusted Performance Rank
GIOIX
NOBL
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 5.34%, more than NOBL's 2.16% yield.
| 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% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.16% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% |
Drawdowns
GIOIX vs. NOBL - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -12.22%, smaller than the maximum NOBL drawdown of -35.44%. 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 0.64%, while ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a volatility of 5.16%. 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.