GIOIX vs. SIHAX
Compare and contrast key facts about Guggenheim Macro Opportunities Fund (GIOIX) and Guggenheim High Yield Fund (SIHAX).
GIOIX is an actively managed fund by Guggenheim. It was launched on Nov 29, 2011. SIHAX is managed by Guggenheim. It was launched on Aug 5, 1996.
Performance
GIOIX vs. SIHAX - Performance Comparison
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GIOIX vs. SIHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIOIX Guggenheim Macro Opportunities Fund | -0.95% | 7.64% | 7.78% | 9.69% | -9.57% | 1.71% | 11.09% | 2.25% | 0.46% | 5.32% |
SIHAX Guggenheim High Yield Fund | -1.76% | 6.84% | 6.93% | 10.74% | -10.51% | 4.36% | 4.55% | 11.26% | -3.17% | 6.91% |
Returns By Period
In the year-to-date period, GIOIX achieves a -0.95% return, which is significantly higher than SIHAX's -1.76% return. Over the past 10 years, GIOIX has underperformed SIHAX with an annualized return of 4.39%, while SIHAX has yielded a comparatively higher 4.84% annualized return.
GIOIX
- 1D
- 0.24%
- 1M
- -1.45%
- YTD
- -0.95%
- 6M
- 0.51%
- 1Y
- 4.91%
- 3Y*
- 6.97%
- 5Y*
- 3.06%
- 10Y*
- 4.39%
SIHAX
- 1D
- 0.62%
- 1M
- -1.72%
- YTD
- -1.76%
- 6M
- -0.57%
- 1Y
- 4.38%
- 3Y*
- 6.42%
- 5Y*
- 3.06%
- 10Y*
- 4.84%
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GIOIX vs. SIHAX - Expense Ratio Comparison
GIOIX has a 0.96% expense ratio, which is lower than SIHAX's 1.05% expense ratio.
Return for Risk
GIOIX vs. SIHAX — Risk / Return Rank
GIOIX
SIHAX
GIOIX vs. SIHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Macro Opportunities Fund (GIOIX) and Guggenheim High Yield Fund (SIHAX). 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 | SIHAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 1.32 | +0.78 |
Sortino ratioReturn per unit of downside risk | 3.46 | 1.96 | +1.50 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.29 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.61 | +0.94 |
Martin ratioReturn relative to average drawdown | 10.90 | 6.54 | +4.36 |
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 | SIHAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.32 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.71 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.54 | 1.06 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.71 | 1.28 | +0.43 |
Correlation
The correlation between GIOIX and SIHAX is 0.65, 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.
Dividends
GIOIX vs. SIHAX - Dividend Comparison
GIOIX's dividend yield for the trailing twelve months is around 5.59%, less than SIHAX's 5.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIOIX Guggenheim Macro Opportunities Fund | 5.59% | 5.86% | 5.88% | 6.45% | 3.78% | 3.10% | 3.61% | 3.29% | 3.55% | 3.54% | 5.38% | 5.82% |
SIHAX Guggenheim High Yield Fund | 5.97% | 6.39% | 5.45% | 4.91% | 4.75% | 3.70% | 4.79% | 5.44% | 6.86% | 5.53% | 6.09% | 7.53% |
Drawdowns
GIOIX vs. SIHAX - Drawdown Comparison
The maximum GIOIX drawdown since its inception was -13.38%, smaller than the maximum SIHAX drawdown of -36.72%. Use the drawdown chart below to compare losses from any high point for GIOIX and SIHAX.
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Drawdown Indicators
| GIOIX | SIHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -36.72% | +23.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.12% | -2.86% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -13.38% | -13.95% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | -19.31% | +5.93% |
Current DrawdownCurrent decline from peak | -1.68% | -2.16% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -2.64% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.71% | -0.21% |
Volatility
GIOIX vs. SIHAX - Volatility Comparison
The current volatility for Guggenheim Macro Opportunities Fund (GIOIX) is 0.97%, while Guggenheim High Yield Fund (SIHAX) has a volatility of 1.42%. This indicates that GIOIX experiences smaller price fluctuations and is considered to be less risky than SIHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIOIX | SIHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.42% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.61% | 2.20% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 3.44% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.13% | 4.33% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.87% | 4.59% | -1.72% |