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 an actively managed fund by Guggenheim. 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.
Performance
GIOIX vs. NOBL - Performance Comparison
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GIOIX vs. NOBL - 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% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.36% | 6.84% | 6.72% | 8.09% | -6.52% | 25.46% | 8.35% | 27.39% | -3.26% | 21.02% |
Returns By Period
In the year-to-date period, GIOIX achieves a -1.19% return, which is significantly lower than NOBL's 2.36% return. Over the past 10 years, GIOIX has underperformed NOBL with an annualized return of 4.37%, while NOBL has yielded a comparatively higher 9.54% annualized 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%
NOBL
- 1D
- 1.28%
- 1M
- -7.04%
- YTD
- 2.36%
- 6M
- 4.01%
- 1Y
- 6.06%
- 3Y*
- 7.41%
- 5Y*
- 6.31%
- 10Y*
- 9.54%
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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.
Return for Risk
GIOIX vs. NOBL — Risk / Return Rank
GIOIX
NOBL
GIOIX vs. NOBL - Risk-Adjusted Trends 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.
| GIOIX | NOBL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.15 | 0.40 | +1.75 |
Sortino ratioReturn per unit of downside risk | 3.55 | 0.68 | +2.86 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.09 | +0.43 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 0.66 | +1.75 |
Martin ratioReturn relative to average drawdown | 10.54 | 2.36 | +8.18 |
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 | NOBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 0.40 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.44 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.53 | 0.58 | +0.95 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.70 | 0.64 | +1.06 |
Correlation
The correlation between GIOIX and NOBL is 0.37, 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.
Dividends
GIOIX vs. NOBL - Dividend Comparison
GIOIX's dividend yield for the trailing twelve months is around 5.61%, more than NOBL's 2.14% 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% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.14% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
Drawdowns
GIOIX vs. NOBL - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -13.38%, 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.
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Drawdown Indicators
| GIOIX | NOBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -35.43% | +22.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.12% | -11.20% | +9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -13.38% | -17.92% | +4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | -35.43% | +22.05% |
Current DrawdownCurrent decline from peak | -1.92% | -7.04% | +5.12% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -3.45% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 3.15% | -2.66% |
Volatility
GIOIX vs. NOBL - Volatility Comparison
The current volatility for Guggenheim Macro Opportunities Fund (GIOIX) is 0.92%, while ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a volatility of 3.61%. 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.
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Volatility by Period
| GIOIX | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 3.61% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 8.07% | -6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 15.29% | -12.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.14% | 14.40% | -11.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.87% | 16.60% | -13.73% |