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GOF vs. JMSIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GOF vs. JMSIX

Last updated Jun 25, 2026

GOF (Guggenheim Strategic Opportunities Fund) and JMSIX (JPMorgan Income Fund) are both Multisector Bonds funds. Over the past 10 years, GOF returned 7.56%/yr vs 3.96%/yr for JMSIX. At a 0.25 correlation, their price movements are largely independent. GOF charges 1.89%/yr vs 0.40%/yr for JMSIX.

Performance

GOF vs. JMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Strategic Opportunities Fund (GOF) and JPMorgan Income Fund (JMSIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GOF achieves a -10.48% return, which is significantly lower than JMSIX's 0.99% return. Over the past 10 years, GOF has outperformed JMSIX with an annualized return of 7.56%, while JMSIX has yielded a comparatively lower 3.96% annualized return.

GOF

1D
-0.94%
1M
-3.73%
YTD
-10.48%
6M
-7.84%
1Y
-15.22%
3Y*
2.55%
5Y*
-0.00%
10Y*
7.56%

JMSIX

1D
0.00%
1M
0.50%
YTD
0.99%
6M
1.49%
1Y
5.06%
3Y*
7.17%
5Y*
2.78%
10Y*
3.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GOF vs. JMSIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GOF
Guggenheim Strategic Opportunities Fund		-10.48%-1.92%38.04%-3.04%-5.78%4.90%21.51%10.51%-5.95%22.01%
JMSIX
JPMorgan Income Fund		0.99%7.68%7.78%6.14%-8.24%3.59%3.07%11.82%1.03%6.00%

Correlation

The correlation between GOF and JMSIX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (10Y)
Calculated over the trailing 10-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2014

0.25

Compare stocks, funds, or ETFs

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Guggenheim Strategic Opportunities Fund

JPMorgan Income Fund

Often compared with GOF:
GOF vs. PDIGOF vs. JEPQGOF vs. SCHDGOF vs. HYTGOF vs. PFNGOF vs. QQQGOF vs. CONY
Often compared with JMSIX:
JMSIX vs. PIMIXJMSIX vs. PONPXJMSIX vs. VCOBXJMSIX vs. VFIDXJMSIX vs. IIBAXJMSIX vs. DINDXJMSIX vs. POMIX

Return for Risk

GOF vs. JMSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GOF
GOF Risk / Return Rank: 11
Overall Rank
GOF Sharpe Ratio Rank: 11
Sharpe Ratio Rank
GOF Sortino Ratio Rank: 11
Sortino Ratio Rank
GOF Omega Ratio Rank: 11
Omega Ratio Rank
GOF Calmar Ratio Rank: 11
Calmar Ratio Rank
GOF Martin Ratio Rank: 11
Martin Ratio Rank
JMSIX
JMSIX Risk / Return Rank: 7676
Overall Rank
JMSIX Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
JMSIX Sortino Ratio Rank: 8989
Sortino Ratio Rank
JMSIX Omega Ratio Rank: 8484
Omega Ratio Rank
JMSIX Calmar Ratio Rank: 7575
Calmar Ratio Rank
JMSIX Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOF vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Strategic Opportunities Fund (GOF) and JPMorgan Income Fund (JMSIX). 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.

GOFJMSIXDifference
Sharpe ratioReturn per unit of total volatility
-0.85
2.05

-2.89

Sortino ratioReturn per unit of downside risk
-1.00
3.96

-4.96

Omega ratioGain probability vs. loss probability

0.84

1.52

-0.68

Calmar ratioReturn relative to maximum drawdown

-0.66

3.20

-3.86

Martin ratioReturn relative to average drawdown

-1.18

13.16

-14.34

GOF vs. JMSIX - Sharpe Ratio Comparison

The current GOF Sharpe Ratio is -0.85, which is lower than the JMSIX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of GOF and JMSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GOF vs. JMSIX - Drawdown Comparison

The maximum GOF drawdown since its inception was -54.66%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for GOF and JMSIX.

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Drawdown Indicators

GOFJMSIXDifference

Max Drawdown

Largest peak-to-trough decline

-54.66%

-18.40%

-36.26%

Max Drawdown (1Y)

Largest decline over 1 year

-23.24%

-1.62%

-21.62%

Max Drawdown (3Y)

Largest decline over 3 years

-28.56%

-2.31%

-26.25%

Max Drawdown (5Y)

Largest decline over 5 years

-32.41%

-11.39%

-21.02%

Max Drawdown (10Y)

Largest decline over 10 years

-38.50%

-18.40%

-20.10%

Current Drawdown

Current decline from peak

-20.26%

-0.47%

-19.79%

Average Drawdown

Average peak-to-trough decline

-7.09%

-2.56%

-4.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.91%

0.39%

+12.52%

Volatility

GOF vs. JMSIX - Volatility Comparison

Guggenheim Strategic Opportunities Fund (GOF) has a higher volatility of 3.41% compared to JPMorgan Income Fund (JMSIX) at 0.76%. This indicates that GOF's price experiences larger fluctuations and is considered to be riskier than JMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GOFJMSIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.41%

0.76%

+2.65%

Volatility (6M)

Calculated over the trailing 6-month period

11.10%

1.93%

+9.17%

Volatility (1Y)

Calculated over the trailing 1-year period

18.06%

2.54%

+15.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.20%

3.73%

+14.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.53%

3.86%

+15.67%

GOF vs. JMSIX - Expense Ratio Comparison

GOF has a 1.89% expense ratio, which is higher than JMSIX's 0.40% expense ratio.

Dividends

GOF vs. JMSIX - Dividend Comparison

GOF's dividend yield for the trailing twelve months is around 20.81%, more than JMSIX's 6.04% yield.

PositionTTM20252024202320222021202020192018201720162015
GOF
Guggenheim Strategic Opportunities Fund		20.81%16.97%14.32%17.07%14.36%11.93%11.26%12.08%11.96%10.13%11.13%12.98%
JMSIX
JPMorgan Income Fund		6.04%5.95%5.78%4.43%4.78%4.00%4.95%5.10%5.43%5.42%0.46%0.00%

Frequently Asked Questions

GOF and JMSIX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GOF has higher volatility (3.41%) compared to JMSIX (0.76%). In terms of maximum drawdown, GOF dropped -54.66% vs JMSIX's -18.40%.

JMSIX currently has the higher Sharpe Ratio (2.05 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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