GOF vs. HYT
GOF (Guggenheim Strategic Opportunities Fund) and HYT (BlackRock Corporate High Yield Fund) are both mutual funds - GOF is a Multisector Bonds fund actively managed by Guggenheim, while HYT is a High Yield Bonds fund actively managed by BlackRock. Both are actively managed. Over the past 10 years, GOF returned 7.19%/yr vs 6.89%/yr for HYT. Their 0.37 correlation means their historical movements had little consistent relationship. GOF charges 1.89%/yr vs 2.83%/yr for HYT.
Performance
GOF vs. HYT - Performance Comparison
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Returns By Period
In the year-to-date period, GOF achieves a -8.87% return, which is significantly lower than HYT's 0.32% return. Both investments have delivered pretty close results over the past 10 years, with GOF having a 7.19% annualized return and HYT not far behind at 6.89%.
GOF
- 1D
- 0.00%
- 1M
- -2.74%
- 6M
- -9.44%
- YTD
- -8.87%
- 1Y
- -15.54%
- 3Y*
- 1.50%
- 5Y*
- 0.02%
- 10Y*
- 7.19%
- ALL TIME*
- 8.80%
HYT
- 1D
- -0.24%
- 1M
- -1.32%
- 6M
- -0.51%
- YTD
- 0.32%
- 1Y
- -4.94%
- 3Y*
- 7.57%
- 5Y*
- 1.90%
- 10Y*
- 6.89%
- ALL TIME*
- 7.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.95M | $14.31M | $15.46M | |
| $6.36M | $6.21M | $6.32M |
GOF vs. HYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | -8.87% | -1.92% | 38.04% | -3.04% | -5.78% | 4.90% | 21.51% | 10.51% | -5.95% | 22.01% |
HYT BlackRock Corporate High Yield Fund | 0.32% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
Correlation
The correlation between GOF and HYT is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2007 | 0.37 |
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Return for Risk
GOF vs. HYT — Risk / Return Rank
GOF
HYT
GOF vs. HYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Strategic Opportunities Fund (GOF) and BlackRock Corporate High Yield Fund (HYT). 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 | HYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.92 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.49 | -0.19 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.08 | -0.04 |
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Drawdowns
GOF vs. HYT - Drawdown Comparison
The maximum GOF drawdown since its inception was -54.66%, roughly equal to the maximum HYT drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for GOF and HYT.
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Drawdown Indicators
| GOF | HYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.66% | -56.95% | +2.29% |
Max Drawdown (1Y)Largest decline over 1 year | -23.24% | -10.17% | -13.07% |
Max Drawdown (3Y)Largest decline over 3 years | -28.56% | -13.95% | -14.61% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | -29.05% | -3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | -42.59% | +4.09% |
Current DrawdownCurrent decline from peak | -18.83% | -5.71% | -13.12% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -5.90% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.14% | 4.60% | +9.54% |
Volatility
GOF vs. HYT - Volatility Comparison
Guggenheim Strategic Opportunities Fund (GOF) has a higher volatility of 2.66% compared to BlackRock Corporate High Yield Fund (HYT) at 1.72%. This indicates that GOF's price experiences larger fluctuations and is considered to be riskier than HYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOF | HYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 1.72% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 6.81% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 9.90% | +8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 14.38% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 16.90% | +2.63% |
GOF vs. HYT - Expense Ratio Comparison
GOF has a 1.89% expense ratio, which is lower than HYT's 2.83% expense ratio.
Dividends
GOF vs. HYT - Dividend Comparison
GOF's dividend yield for the trailing twelve months is around 20.79%, more than HYT's 11.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | 20.79% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
HYT BlackRock Corporate High Yield Fund | 11.18% | 10.50% | 9.53% | 9.91% | 9.80% | 7.58% | 8.18% | 7.92% | 9.20% | 7.68% | 8.23% | 10.18% |
Frequently Asked Questions
GOF and HYT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOF has higher volatility (2.66%) compared to HYT (1.72%). In terms of maximum drawdown, GOF dropped -54.66% vs HYT's -56.95%.
HYT currently has the higher Sharpe Ratio (-0.50 vs -0.87), 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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