GIYIX vs. PAIPX
GIYIX (Guggenheim Ultra Short Duration Fund) and PAIPX (PIMCO Short Asset Investment Fund) are both Ultrashort Bond funds. Over the past 5 years, GIYIX returned 3.88%/yr vs 3.46%/yr for PAIPX. Their 0.26 correlation means their historical movements had little consistent relationship. GIYIX charges 0.34%/yr vs 0.45%/yr for PAIPX.
Performance
GIYIX vs. PAIPX - Performance Comparison
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Returns By Period
In the year-to-date period, GIYIX achieves a 1.91% return, which is significantly lower than PAIPX's 2.23% return.
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%
PAIPX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.83%
- YTD
- 2.23%
- 1Y
- 4.23%
- 3Y*
- 4.91%
- 5Y*
- 3.46%
- 10Y*
- 2.53%
- ALL TIME*
- 2.06%
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. PAIPX - 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% |
PAIPX PIMCO Short Asset Investment Fund | 2.23% | 4.83% | 5.93% | 4.55% | 0.00% | -0.19% | 1.12% | 2.56% | 0.02% |
Correlation
The correlation between GIYIX and PAIPX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018 | 0.26 |
The correlation between GIYIX and PAIPX shifts across timeframes, from 0.21 (5 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GIYIX vs. PAIPX — Risk / Return Rank
GIYIX
PAIPX
GIYIX vs. PAIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Ultra Short Duration Fund (GIYIX) and PIMCO Short Asset Investment Fund (PAIPX). 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 | PAIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -9.28 | ||
| Omega ratioGain probability vs. loss probability | 2.93 | 8.54 | -5.62 |
| Calmar ratioReturn relative to maximum drawdown | 11.40 | 46.48 | -35.08 |
| Martin ratioReturn relative to average drawdown | 53.73 | 139.17 | -85.45 |
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Drawdowns
GIYIX vs. PAIPX - Drawdown Comparison
The maximum GIYIX drawdown since its inception was -3.50%, roughly equal to the maximum PAIPX drawdown of -3.49%. Use the drawdown chart below to compare losses from any high point for GIYIX and PAIPX.
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Drawdown Indicators
| GIYIX | PAIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.50% | -3.49% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -0.10% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -0.40% | -1.20% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -3.15% | -1.61% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.49% | — |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -0.14% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.03% | +0.05% |
Volatility
GIYIX vs. PAIPX - Volatility Comparison
Guggenheim Ultra Short Duration Fund (GIYIX) and PIMCO Short Asset Investment Fund (PAIPX) have volatilities of 0.27% and 0.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIYIX | PAIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | 0.27% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.98% | 0.79% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 1.19% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 1.67% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.43% | 1.35% | +0.08% |
GIYIX vs. PAIPX - Expense Ratio Comparison
GIYIX has a 0.34% expense ratio, which is lower than PAIPX's 0.45% expense ratio.
Dividends
GIYIX vs. PAIPX - Dividend Comparison
GIYIX's dividend yield for the trailing twelve months is around 4.01%, more than PAIPX's 3.53% 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% |
PAIPX PIMCO Short Asset Investment Fund | 3.53% | 4.29% | 5.04% | 4.04% | 1.21% | 0.31% | 1.00% | 2.53% | 2.28% | 1.81% | 1.21% | 0.78% |
Frequently Asked Questions
GIYIX and PAIPX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAIPX has higher volatility (0.27%) compared to GIYIX (0.27%). In terms of maximum drawdown, GIYIX dropped -3.50% vs PAIPX's -3.49%.
PAIPX currently has the higher Sharpe Ratio (3.91 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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