GOF vs. GGT
GOF (Guggenheim Strategic Opportunities Fund) is Derivative Income fund actively managed by Guggenheim, while GGT (The Gabelli Multimedia Trust Inc.) is a stock. Over the past 10 years, GOF returned 7.99%/yr vs 8.21%/yr for GGT. At a 0.29 correlation, their price movements are largely independent.
Performance
GOF vs. GGT - 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 GGT's 11.57% return. Both investments have delivered pretty close results over the past 10 years, with GOF having a 7.99% annualized return and GGT not far ahead at 8.21%.
GOF
- 1D
- -0.09%
- 1M
- -1.68%
- YTD
- -7.43%
- 6M
- -0.14%
- 1Y
- -12.09%
- 3Y*
- 3.15%
- 5Y*
- 0.93%
- 10Y*
- 7.99%
GGT
- 1D
- -0.92%
- 1M
- 4.58%
- YTD
- 11.57%
- 6M
- 15.61%
- 1Y
- 30.07%
- 3Y*
- 8.27%
- 5Y*
- -2.37%
- 10Y*
- 8.21%
GOF vs. GGT - 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% |
GGT The Gabelli Multimedia Trust Inc. | 11.57% | 15.39% | -6.00% | 22.50% | -30.78% | 19.17% | 12.71% | 26.27% | -15.38% | 40.44% |
Correlation
The correlation between GOF and GGT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2007 | 0.29 |
The correlation between GOF and GGT shifts across timeframes, from 0.12 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GOF vs. GGT — Risk / Return Rank
GOF
GGT
GOF vs. GGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Strategic Opportunities Fund (GOF) and The Gabelli Multimedia Trust Inc. (GGT). 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.
| GOF | GGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.33 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 3.95 | -4.47 |
| Martin ratioReturn relative to average drawdown | -0.99 | 11.64 | -12.63 |
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
| GOF | GGT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.68 | 1.85 | -2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.09 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.28 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.23 | +0.19 |
Drawdowns
GOF vs. GGT - Drawdown Comparison
The maximum GOF drawdown since its inception was -54.66%, smaller than the maximum GGT drawdown of -80.93%. Use the drawdown chart below to compare losses from any high point for GOF and GGT.
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Drawdown Indicators
| GOF | GGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.66% | -80.93% | +26.27% |
Max Drawdown (1Y)Largest decline over 1 year | -23.24% | -7.65% | -15.59% |
Max Drawdown (3Y)Largest decline over 3 years | -28.56% | -34.61% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | -50.01% | +17.60% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | -57.52% | +19.02% |
Current DrawdownCurrent decline from peak | -17.55% | -18.27% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -7.06% | -25.51% | +18.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.18% | 2.60% | +9.58% |
Volatility
GOF vs. GGT - Volatility Comparison
The current volatility for Guggenheim Strategic Opportunities Fund (GOF) is 3.30%, while The Gabelli Multimedia Trust Inc. (GGT) has a volatility of 3.78%. This indicates that GOF experiences smaller price fluctuations and is considered to be less risky than GGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOF | GGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 3.78% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 12.88% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 16.35% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 26.39% | -8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.52% | 29.14% | -9.62% |
Dividends
GOF vs. GGT - Dividend Comparison
GOF's dividend yield for the trailing twelve months is around 19.79%, less than GGT's 20.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGT The Gabelli Multimedia Trust Inc. | 20.47% | 20.95% | 19.59% | 15.52% | 16.45% | 10.14% | 11.06% | 10.97% | 12.75% | 9.57% | 11.46% | 12.53% |
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 GGT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGT has higher volatility (3.78%) compared to GOF (3.30%). In terms of maximum drawdown, GOF dropped -54.66% vs GGT's -80.93%.
GGT currently has the higher Sharpe Ratio (1.85 vs -0.68), 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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