GOF vs. BEP
GOF (Guggenheim Strategic Opportunities Fund) is Derivative Income fund actively managed by Guggenheim, while BEP (Brookfield Renewable Partners L.P.) is a stock. Over the past 10 years, GOF returned 8.03%/yr vs 14.00%/yr for BEP. At a 0.19 correlation, their price movements are largely independent.
Performance
GOF vs. BEP - Performance Comparison
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Returns By Period
In the year-to-date period, GOF achieves a -7.43% return, which is significantly lower than BEP's 30.18% return. Over the past 10 years, GOF has underperformed BEP with an annualized return of 8.03%, while BEP has yielded a comparatively higher 14.00% annualized return.
GOF
- 1D
- 0.55%
- 1M
- -2.45%
- YTD
- -7.43%
- 6M
- -0.79%
- 1Y
- -12.68%
- 3Y*
- 3.35%
- 5Y*
- 0.42%
- 10Y*
- 8.03%
BEP
- 1D
- -3.00%
- 1M
- 0.62%
- YTD
- 30.18%
- 6M
- 25.88%
- 1Y
- 38.52%
- 3Y*
- 10.65%
- 5Y*
- 1.90%
- 10Y*
- 14.00%
GOF vs. BEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | -7.43% | -1.92% | 38.04% | -3.04% | -5.78% | 4.90% | 21.51% | 10.51% | -5.95% | 22.01% |
BEP Brookfield Renewable Partners L.P. | 30.18% | 25.65% | -8.23% | 9.02% | -26.48% | -13.69% | 80.30% | 90.75% | -20.95% | 24.51% |
Correlation
The correlation between GOF and BEP is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2007 | 0.19 |
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Return for Risk
GOF vs. BEP — Risk / Return Rank
GOF
BEP
GOF vs. BEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Strategic Opportunities Fund (GOF) and Brookfield Renewable Partners L.P. (BEP). 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.
| GOF | BEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.24 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 2.72 | -3.26 |
| Martin ratioReturn relative to average drawdown | -1.01 | 6.19 | -7.20 |
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Drawdowns
GOF vs. BEP - Drawdown Comparison
The maximum GOF drawdown since its inception was -54.66%, roughly equal to the maximum BEP drawdown of -53.85%. Use the drawdown chart below to compare losses from any high point for GOF and BEP.
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Drawdown Indicators
| GOF | BEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.66% | -53.85% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -23.24% | -14.25% | -8.99% |
Max Drawdown (3Y)Largest decline over 3 years | -28.56% | -31.78% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | -47.46% | +15.05% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | -53.85% | +15.35% |
Current DrawdownCurrent decline from peak | -17.55% | -9.23% | -8.32% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -13.62% | +6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.53% | 6.24% | +6.29% |
Volatility
GOF vs. BEP - Volatility Comparison
The current volatility for Guggenheim Strategic Opportunities Fund (GOF) is 3.50%, while Brookfield Renewable Partners L.P. (BEP) has a volatility of 7.52%. This indicates that GOF experiences smaller price fluctuations and is considered to be less risky than BEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOF | BEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 7.52% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 19.88% | -8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 28.82% | -10.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 30.98% | -12.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.52% | 29.99% | -10.47% |
Dividends
GOF vs. BEP - Dividend Comparison
GOF's dividend yield for the trailing twelve months is around 19.79%, more than BEP's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEP Brookfield Renewable Partners L.P. | 4.46% | 5.53% | 6.23% | 5.14% | 5.05% | 4.42% | 2.68% | 4.42% | 7.57% | 5.36% | 5.99% | 6.34% |
GOF Guggenheim Strategic Opportunities Fund | 19.79% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
Frequently Asked Questions
GOF and BEP have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEP has higher volatility (7.52%) compared to GOF (3.50%). In terms of maximum drawdown, GOF dropped -54.66% vs BEP's -53.85%.
BEP currently has the higher Sharpe Ratio (1.34 vs -0.71), 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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