GIUSX vs. VMSIX

Last updated Jun 3, 2026

GIUSX (Guggenheim Core Bond Fund Institutional Class) and VMSIX (Vanguard Multi-Sector Income Bond Inv) are both mutual funds - GIUSX is a Total Bond Market fund managed by Guggenheim, while VMSIX is a Multisector Bonds fund actively managed by Vanguard. Over the past 3 years, GIUSX returned 4.93%/yr vs 7.77%/yr for VMSIX. A 0.79 correlation means they provide meaningful diversification when combined. GIUSX charges 0.50%/yr vs 0.45%/yr for VMSIX.

Performance

GIUSX vs. VMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Core Bond Fund Institutional Class (GIUSX) and Vanguard Multi-Sector Income Bond Inv (VMSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIUSX achieves a 0.53% return, which is significantly lower than VMSIX's 1.03% return.

GIUSX

• 1D: -0.12%
• 1M: 0.07%
• YTD: 0.53%
• 6M: 0.63%
• 1Y: 5.91%
• 3Y*: 4.93%
• 5Y*: 0.19%
• 10Y*: 2.66%

VMSIX

• 1D: -0.08%
• 1M: 0.24%
• YTD: 1.03%
• 6M: 1.64%
• 1Y: 6.97%
• 3Y*: 7.77%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GIUSX vs. VMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GIUSX Guggenheim Core Bond Fund Institutional Class	0.53%	7.86%	2.91%	7.07%	-14.58%
VMSIX Vanguard Multi-Sector Income Bond Inv	1.03%	9.09%	6.68%	10.43%	-8.50%

Correlation

The correlation between GIUSX and VMSIX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022	0.79

The correlation between GIUSX and VMSIX has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

Return for Risk

GIUSX vs. VMSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIUSX

GIUSX Risk / Return Rank: 26
GIUSX Sharpe Ratio Rank: 23
GIUSX Sortino Ratio Rank: 24
GIUSX Omega Ratio Rank: 22
GIUSX Calmar Ratio Rank: 34
GIUSX Martin Ratio Rank: 28

VMSIX

VMSIX Risk / Return Rank: 82
VMSIX Sharpe Ratio Rank: 88
VMSIX Sortino Ratio Rank: 89
VMSIX Omega Ratio Rank: 88
VMSIX Calmar Ratio Rank: 68
VMSIX Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIUSX vs. VMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Core Bond Fund Institutional Class (GIUSX) and Vanguard Multi-Sector Income Bond Inv (VMSIX). 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.

	GIUSX	VMSIX	Difference
Sharpe ratio Return per unit of total volatility	1.38	2.84	-1.46
Sortino ratio Return per unit of downside risk	2.07	4.30	-2.23
Omega ratio Gain probability vs. loss probability	1.25	1.62	-0.38
Calmar ratio Return relative to maximum drawdown	2.22	3.18	-0.97
Martin ratio Return relative to average drawdown	6.86	14.69	-7.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIUSX vs. VMSIX - Sharpe Ratio Comparison

The current GIUSX Sharpe Ratio is 1.38, which is lower than the VMSIX Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of GIUSX and VMSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GIUSX	VMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	2.84	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.87	-0.17

Drawdowns

GIUSX vs. VMSIX - Drawdown Comparison

The maximum GIUSX drawdown since its inception was -22.02%, which is greater than VMSIX's maximum drawdown of -13.11%. Use the drawdown chart below to compare losses from any high point for GIUSX and VMSIX.

Drawdown Indicators

	GIUSX	VMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.02%	-13.11%	-8.91%
Max Drawdown (1Y) Largest decline over 1 year	-2.99%	-2.20%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-6.10%	-3.82%	-2.28%
Max Drawdown (5Y) Largest decline over 5 years	-22.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.02%	—	—
Current Drawdown Current decline from peak	-1.69%	-0.08%	-1.61%
Average Drawdown Average peak-to-trough decline	-4.09%	-3.08%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	0.48%	+0.49%

Volatility

GIUSX vs. VMSIX - Volatility Comparison

Guggenheim Core Bond Fund Institutional Class (GIUSX) has a higher volatility of 1.51% compared to Vanguard Multi-Sector Income Bond Inv (VMSIX) at 0.87%. This indicates that GIUSX's price experiences larger fluctuations and is considered to be riskier than VMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIUSX	VMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	0.87%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	2.97%	1.97%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	4.08%	2.46%	+1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.91%	4.70%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.83%	4.70%	+0.13%

GIUSX vs. VMSIX - Expense Ratio Comparison

GIUSX has a 0.50% expense ratio, which is higher than VMSIX's 0.45% expense ratio.

Dividends

GIUSX vs. VMSIX - Dividend Comparison

GIUSX's dividend yield for the trailing twelve months is around 4.79%, less than VMSIX's 5.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIUSX Guggenheim Core Bond Fund Institutional Class	4.79%	4.75%	4.68%	4.39%	2.71%	3.36%	4.36%	2.42%	2.76%	3.47%	3.85%	4.96%
VMSIX Vanguard Multi-Sector Income Bond Inv	5.45%	5.56%	6.37%	5.43%	3.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GIUSX and VMSIX in my portfolio?

GIUSX and VMSIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIUSX or VMSIX?

GIUSX has higher volatility (1.51%) compared to VMSIX (0.87%). In terms of maximum drawdown, GIUSX dropped -22.02% vs VMSIX's -13.11%.

Which has better risk-adjusted returns?

VMSIX currently has the higher Sharpe Ratio (2.84 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.