GIYIX vs. GPPIX
GIYIX (Guggenheim Ultra Short Duration Fund) and GPPIX (Goldman Sachs Short-Term Conservative Income Fund) are both Ultrashort Bond funds. Over the past 5 years, GIYIX returned 3.88%/yr vs 3.40%/yr for GPPIX. Their 0.40 correlation means their historical movements had little consistent relationship. GIYIX charges 0.34%/yr vs 0.24%/yr for GPPIX.
Performance
GIYIX vs. GPPIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GIYIX having a 1.91% return and GPPIX slightly lower at 1.90%.
GIYIX
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 1.43%
- YTD
- 1.91%
- 1Y
- 3.99%
- 3Y*
- 5.68%
- 5Y*
- 3.88%
- 10Y*
- —
- ALL TIME*
- 3.14%
GPPIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.46%
- YTD
- 1.90%
- 1Y
- 3.86%
- 3Y*
- 4.57%
- 5Y*
- 3.40%
- 10Y*
- 2.57%
- ALL TIME*
- 2.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GIYIX vs. GPPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GIYIX Guggenheim Ultra Short Duration Fund | 1.91% | 5.20% | 7.04% | 6.81% | -1.19% | 0.17% | 1.78% | 2.45% | 0.16% |
GPPIX Goldman Sachs Short-Term Conservative Income Fund | 1.90% | 4.83% | 5.21% | 4.50% | 0.73% | 0.00% | 1.43% | 3.05% | 0.14% |
Correlation
The correlation between GIYIX and GPPIX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018 | 0.40 |
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Return for Risk
GIYIX vs. GPPIX — Risk / Return Rank
GIYIX
GPPIX
GIYIX vs. GPPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Ultra Short Duration Fund (GIYIX) and Goldman Sachs Short-Term Conservative Income Fund (GPPIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GIYIX | GPPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 2.93 | 3.83 | -0.90 |
| Calmar ratioReturn relative to maximum drawdown | 11.40 | 14.54 | -3.14 |
| Martin ratioReturn relative to average drawdown | 53.73 | 64.87 | -11.15 |
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Drawdowns
GIYIX vs. GPPIX - Drawdown Comparison
The maximum GIYIX drawdown since its inception was -3.50%, which is greater than GPPIX's maximum drawdown of -3.08%. Use the drawdown chart below to compare losses from any high point for GIYIX and GPPIX.
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Drawdown Indicators
| GIYIX | GPPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.50% | -3.08% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -0.30% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -0.40% | -0.40% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -3.15% | -0.77% | -2.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.08% | — |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -0.07% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.07% | +0.01% |
Volatility
GIYIX vs. GPPIX - Volatility Comparison
Guggenheim Ultra Short Duration Fund (GIYIX) has a higher volatility of 0.27% compared to Goldman Sachs Short-Term Conservative Income Fund (GPPIX) at 0.14%. This indicates that GIYIX's price experiences larger fluctuations and is considered to be riskier than GPPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIYIX | GPPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | 0.14% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.98% | 0.84% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 1.29% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 1.26% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.43% | 1.08% | +0.35% |
GIYIX vs. GPPIX - Expense Ratio Comparison
GIYIX has a 0.34% expense ratio, which is higher than GPPIX's 0.24% expense ratio.
Dividends
GIYIX vs. GPPIX - Dividend Comparison
GIYIX's dividend yield for the trailing twelve months is around 4.01%, more than GPPIX's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIYIX Guggenheim Ultra Short Duration Fund | 4.01% | 4.35% | 5.15% | 4.38% | 1.67% | 0.78% | 1.45% | 2.52% | 0.56% | 0.00% | 0.00% | 0.00% |
GPPIX Goldman Sachs Short-Term Conservative Income Fund | 3.79% | 4.51% | 4.77% | 3.68% | 1.22% | 0.30% | 1.12% | 2.61% | 2.24% | 1.33% | 0.94% | 0.49% |
Frequently Asked Questions
GIYIX and GPPIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIYIX has higher volatility (0.27%) compared to GPPIX (0.14%). In terms of maximum drawdown, GIYIX dropped -3.50% vs GPPIX's -3.08%.
GPPIX currently has the higher Sharpe Ratio (3.35 vs 3.15), 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.
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