GOF vs. GLAD
GOF (Guggenheim Strategic Opportunities Fund) is Multisector Bonds fund actively managed by Guggenheim, while GLAD (Gladstone Capital Corporation) is a stock. Over the past 10 years, GOF returned 7.66%/yr vs 12.45%/yr for GLAD. At a 0.24 correlation, their price movements are largely independent.
Performance
GOF vs. GLAD - Performance Comparison
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Returns By Period
In the year-to-date period, GOF achieves a -9.63% return, which is significantly lower than GLAD's -4.62% return. Over the past 10 years, GOF has underperformed GLAD with an annualized return of 7.66%, while GLAD has yielded a comparatively higher 12.45% annualized return.
GOF
- 1D
- -1.30%
- 1M
- -2.82%
- YTD
- -9.63%
- 6M
- -5.68%
- 1Y
- -13.71%
- 3Y*
- 2.87%
- 5Y*
- 0.07%
- 10Y*
- 7.66%
GLAD
- 1D
- 2.57%
- 1M
- -0.09%
- YTD
- -4.62%
- 6M
- -1.91%
- 1Y
- -21.84%
- 3Y*
- 9.68%
- 5Y*
- 5.03%
- 10Y*
- 12.45%
GOF vs. GLAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | -9.63% | -1.92% | 38.04% | -3.04% | -5.78% | 4.90% | 21.51% | 10.51% | -5.95% | 22.01% |
GLAD Gladstone Capital Corporation | -4.62% | -21.14% | 46.99% | 22.71% | -10.43% | 40.50% | -0.69% | 48.58% | -13.07% | 7.05% |
Correlation
The correlation between GOF and GLAD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2007 | 0.24 |
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Return for Risk
GOF vs. GLAD — Risk / Return Rank
GOF
GLAD
GOF vs. GLAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Strategic Opportunities Fund (GOF) and Gladstone Capital Corporation (GLAD). 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 | GLAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.87 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.56 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.07 | -0.84 | -0.23 |
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Drawdowns
GOF vs. GLAD - Drawdown Comparison
The maximum GOF drawdown since its inception was -54.66%, smaller than the maximum GLAD drawdown of -74.87%. Use the drawdown chart below to compare losses from any high point for GOF and GLAD.
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Drawdown Indicators
| GOF | GLAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.66% | -74.87% | +20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -23.24% | -39.22% | +15.98% |
Max Drawdown (3Y)Largest decline over 3 years | -28.56% | -39.59% | +11.03% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | -39.59% | +7.18% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | -58.37% | +19.87% |
Current DrawdownCurrent decline from peak | -19.50% | -29.76% | +10.26% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -18.72% | +11.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.84% | 25.98% | -13.14% |
Volatility
GOF vs. GLAD - Volatility Comparison
The current volatility for Guggenheim Strategic Opportunities Fund (GOF) is 3.40%, while Gladstone Capital Corporation (GLAD) has a volatility of 7.11%. This indicates that GOF experiences smaller price fluctuations and is considered to be less risky than GLAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOF | GLAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 7.11% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 19.41% | -8.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 25.81% | -7.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 23.67% | -5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 30.06% | -10.52% |
Dividends
GOF vs. GLAD - Dividend Comparison
GOF's dividend yield for the trailing twelve months is around 20.62%, more than GLAD's 10.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLAD Gladstone Capital Corporation | 10.36% | 9.85% | 8.37% | 9.16% | 8.42% | 6.73% | 8.97% | 8.46% | 11.51% | 9.12% | 8.95% | 11.49% |
GOF Guggenheim Strategic Opportunities Fund | 20.62% | 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 GLAD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLAD has higher volatility (7.11%) compared to GOF (3.40%). In terms of maximum drawdown, GOF dropped -54.66% vs GLAD's -74.87%.
GOF currently has the higher Sharpe Ratio (-0.76 vs -0.85), 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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