GOF vs. GUG
GOF (Guggenheim Strategic Opportunities Fund) and GUG (Guggenheim Active Allocation Fund) are both mutual funds - GOF is a Multisector Bonds fund actively managed by Guggenheim, while GUG is a Tactical Allocation fund actively managed by Guggenheim. Both are actively managed. Over the past 3 years, GOF returned 2.57%/yr vs 14.99%/yr for GUG. At a 0.27 correlation, their price movements are largely independent. GOF charges 1.89%/yr vs 3.86%/yr for GUG.
Performance
GOF vs. GUG - Performance Comparison
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Returns By Period
In the year-to-date period, GOF achieves a -7.25% return, which is significantly lower than GUG's 10.88% return.
GOF
- 1D
- -0.09%
- 1M
- 0.20%
- 6M
- -8.24%
- YTD
- -7.25%
- 1Y
- -14.42%
- 3Y*
- 2.57%
- 5Y*
- 0.44%
- 10Y*
- 7.66%
GUG
- 1D
- 0.74%
- 1M
- 1.18%
- 6M
- 6.70%
- YTD
- 10.88%
- 1Y
- 14.42%
- 3Y*
- 14.99%
- 5Y*
- —
- 10Y*
- —
GOF vs. GUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | -7.25% | -1.92% | 38.04% | -3.04% | -5.78% | -1.08% |
GUG Guggenheim Active Allocation Fund | 10.88% | 13.12% | 11.46% | 20.68% | -26.55% | -0.20% |
Correlation
The correlation between GOF and GUG is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.27 |
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Return for Risk
GOF vs. GUG — Risk / Return Rank
GOF
GUG
GOF vs. GUG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Strategic Opportunities Fund (GOF) and Guggenheim Active Allocation Fund (GUG). 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 | GUG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.21 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 1.86 | -2.48 |
| Martin ratioReturn relative to average drawdown | -1.07 | 5.39 | -6.46 |
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Drawdowns
GOF vs. GUG - Drawdown Comparison
The maximum GOF drawdown since its inception was -54.66%, which is greater than GUG's maximum drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for GOF and GUG.
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Drawdown Indicators
| GOF | GUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.66% | -32.78% | -21.88% |
Max Drawdown (1Y)Largest decline over 1 year | -23.24% | -7.80% | -15.44% |
Max Drawdown (3Y)Largest decline over 3 years | -28.56% | -12.10% | -16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | — | — |
Current DrawdownCurrent decline from peak | -17.38% | 0.00% | -17.38% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -11.38% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.50% | 2.69% | +10.81% |
Volatility
GOF vs. GUG - Volatility Comparison
Guggenheim Strategic Opportunities Fund (GOF) has a higher volatility of 3.35% compared to Guggenheim Active Allocation Fund (GUG) at 2.76%. This indicates that GOF's price experiences larger fluctuations and is considered to be riskier than GUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOF | GUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 2.76% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 8.21% | +2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 11.65% | +6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.20% | 17.40% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 17.40% | +2.13% |
GOF vs. GUG - Expense Ratio Comparison
GOF has a 1.89% expense ratio, which is lower than GUG's 3.86% expense ratio.
Dividends
GOF vs. GUG - Dividend Comparison
GOF's dividend yield for the trailing twelve months is around 20.08%, more than GUG's 8.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | 20.08% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
GUG Guggenheim Active Allocation Fund | 8.77% | 9.30% | 9.58% | 9.72% | 9.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOF and GUG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOF has higher volatility (3.35%) compared to GUG (2.76%). In terms of maximum drawdown, GOF dropped -54.66% vs GUG's -32.78%.
GUG currently has the higher Sharpe Ratio (1.24 vs -0.80), 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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