GIOIX vs. PMZIX
Compare and contrast key facts about Guggenheim Macro Opportunities Fund (GIOIX) and PIMCO Mortgage Opportunities and Bond Fund (PMZIX).
GIOIX is managed by Guggenheim Investments. It was launched on Nov 29, 2011. PMZIX is managed by PIMCO. It was launched on Oct 21, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIOIX or PMZIX.
Key characteristics
| GIOIX | PMZIX | |
|---|---|---|
| YTD Return | 6.54% | 4.37% |
| 1Y Return | 12.38% | 10.32% |
| 3Y Return (Ann) | 2.50% | 1.39% |
| 5Y Return (Ann) | 4.22% | 2.35% |
| 10Y Return (Ann) | 3.87% | 3.12% |
| Sharpe Ratio | 4.74 | 2.64 |
| Sortino Ratio | 10.56 | 4.43 |
| Omega Ratio | 2.53 | 1.54 |
| Calmar Ratio | 2.82 | 1.88 |
| Martin Ratio | 43.82 | 15.46 |
| Ulcer Index | 0.30% | 0.71% |
| Daily Std Dev | 2.80% | 4.17% |
| Max Drawdown | -12.22% | -9.46% |
| Current Drawdown | -0.64% | -2.32% |
Correlation
The correlation between GIOIX and PMZIX is 0.43, 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.
Performance
GIOIX vs. PMZIX - Performance Comparison
In the year-to-date period, GIOIX achieves a 6.54% return, which is significantly higher than PMZIX's 4.37% return. Over the past 10 years, GIOIX has outperformed PMZIX with an annualized return of 3.87%, while PMZIX has yielded a comparatively lower 3.12% 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. PMZIX - Expense Ratio Comparison
GIOIX has a 0.96% expense ratio, which is higher than PMZIX's 0.60% expense ratio.
Risk-Adjusted Performance
GIOIX vs. PMZIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Macro Opportunities Fund (GIOIX) and PIMCO Mortgage Opportunities and Bond Fund (PMZIX). 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. PMZIX - Dividend Comparison
GIOIX's dividend yield for the trailing twelve months is around 5.82%, less than PMZIX's 7.24% 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% |
PMZIX PIMCO Mortgage Opportunities and Bond Fund | 7.24% | 6.70% | 7.20% | 3.65% | 3.97% | 4.36% | 4.28% | 3.58% | 5.20% | 4.08% | 3.87% | 4.15% |
Drawdowns
GIOIX vs. PMZIX - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -12.22%, which is greater than PMZIX's maximum drawdown of -9.46%. Use the drawdown chart below to compare losses from any high point for GIOIX and PMZIX. For additional features, visit the drawdowns tool.
Volatility
GIOIX vs. PMZIX - Volatility Comparison
The current volatility for Guggenheim Macro Opportunities Fund (GIOIX) is 0.40%, while PIMCO Mortgage Opportunities and Bond Fund (PMZIX) has a volatility of 0.91%. This indicates that GIOIX experiences smaller price fluctuations and is considered to be less risky than PMZIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.