GIOIX vs. PADZX
Compare and contrast key facts about Guggenheim Macro Opportunities Fund (GIOIX) and PGIM Absolute Return Bond Fund (PADZX).
GIOIX is managed by Guggenheim Investments. It was launched on Nov 29, 2011. PADZX is managed by PGIM Investments. It was launched on Mar 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIOIX or PADZX.
Key characteristics
| GIOIX | PADZX | |
|---|---|---|
| YTD Return | 6.54% | 6.18% |
| 1Y Return | 12.38% | 8.41% |
| 3Y Return (Ann) | 2.50% | 4.28% |
| 5Y Return (Ann) | 4.22% | 3.37% |
| 10Y Return (Ann) | 3.87% | 3.36% |
| Sharpe Ratio | 4.74 | 3.92 |
| Sortino Ratio | 10.56 | 9.72 |
| Omega Ratio | 2.53 | 2.67 |
| Calmar Ratio | 2.82 | 12.55 |
| Martin Ratio | 43.82 | 56.69 |
| Ulcer Index | 0.30% | 0.15% |
| Daily Std Dev | 2.80% | 2.11% |
| Max Drawdown | -12.22% | -17.99% |
| Current Drawdown | -0.64% | 0.00% |
Correlation
The correlation between GIOIX and PADZX is 0.31, 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. PADZX - Performance Comparison
In the year-to-date period, GIOIX achieves a 6.54% return, which is significantly higher than PADZX's 6.18% return. Over the past 10 years, GIOIX has outperformed PADZX with an annualized return of 3.87%, while PADZX has yielded a comparatively lower 3.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GIOIX vs. PADZX - Expense Ratio Comparison
GIOIX has a 0.96% expense ratio, which is higher than PADZX's 0.72% expense ratio.
Risk-Adjusted Performance
GIOIX vs. PADZX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Macro Opportunities Fund (GIOIX) and PGIM Absolute Return Bond Fund (PADZX). 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. PADZX - Dividend Comparison
GIOIX's dividend yield for the trailing twelve months is around 5.82%, more than PADZX's 5.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIOIX Guggenheim Macro Opportunities Fund | 5.82% | 6.45% | 5.12% | 3.89% | 4.05% | 3.29% | 3.64% | 3.53% | 5.38% | 5.48% | 4.96% | 5.43% |
PADZX PGIM Absolute Return Bond Fund | 5.36% | 5.59% | 3.32% | 2.67% | 3.40% | 7.64% | 4.97% | 2.74% | 2.35% | 2.39% | 3.49% | 3.18% |
Drawdowns
GIOIX vs. PADZX - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -12.22%, smaller than the maximum PADZX drawdown of -17.99%. Use the drawdown chart below to compare losses from any high point for GIOIX and PADZX. For additional features, visit the drawdowns tool.
Volatility
GIOIX vs. PADZX - Volatility Comparison
Guggenheim Macro Opportunities Fund (GIOIX) has a higher volatility of 0.40% compared to PGIM Absolute Return Bond Fund (PADZX) at 0.31%. This indicates that GIOIX's price experiences larger fluctuations and is considered to be riskier than PADZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.