GUG vs. ABRZX

Last updated Jun 23, 2026

GUG (Guggenheim Active Allocation Fund) and ABRZX (Invesco Balanced-Risk Allocation Fund Class A) are both Tactical Allocation funds. Both are actively managed. Over the past 3 years, GUG returned 13.62%/yr vs 10.68%/yr for ABRZX. At a 0.29 correlation, their price movements are largely independent. GUG charges 3.86%/yr vs 1.41%/yr for ABRZX.

Performance

GUG vs. ABRZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Active Allocation Fund (GUG) and Invesco Balanced-Risk Allocation Fund Class A (ABRZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GUG achieves a 7.06% return, which is significantly lower than ABRZX's 18.14% return.

GUG

• 1D: 0.06%
• 1M: -1.21%
• YTD: 7.06%
• 6M: 7.34%
• 1Y: 11.48%
• 3Y*: 13.62%
• 5Y*: —
• 10Y*: —

ABRZX

• 1D: 0.00%
• 1M: -1.13%
• YTD: 18.14%
• 6M: 18.72%
• 1Y: 24.94%
• 3Y*: 10.68%
• 5Y*: 4.19%
• 10Y*: 4.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GUG vs. ABRZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GUG Guggenheim Active Allocation Fund	7.06%	13.12%	11.46%	20.68%	-26.55%	-0.20%
ABRZX Invesco Balanced-Risk Allocation Fund Class A	18.14%	8.20%	3.14%	5.97%	-14.96%	0.07%

Correlation

The correlation between GUG and ABRZX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021	0.29

Return for Risk

GUG vs. ABRZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GUG

GUG Risk / Return Rank: 16
GUG Sharpe Ratio Rank: 14
GUG Sortino Ratio Rank: 16
GUG Omega Ratio Rank: 13
GUG Calmar Ratio Rank: 19
GUG Martin Ratio Rank: 18

ABRZX

ABRZX Risk / Return Rank: 89
ABRZX Sharpe Ratio Rank: 89
ABRZX Sortino Ratio Rank: 82
ABRZX Omega Ratio Rank: 84
ABRZX Calmar Ratio Rank: 96
ABRZX Martin Ratio Rank: 94

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.

GUG vs. ABRZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Active Allocation Fund (GUG) and Invesco Balanced-Risk Allocation Fund Class A (ABRZX). 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.

	GUG	ABRZX	Difference
Sharpe ratio: Return per unit of total volatility	1.00	2.71	-1.72
Sortino ratio: Return per unit of downside risk	1.53	3.58	-2.05
Omega ratio: Gain probability vs. loss probability	1.17	1.52	-0.35
Calmar ratio: Return relative to maximum drawdown	1.48	5.92	-4.45
Martin ratio: Return relative to average drawdown	4.28	19.45	-15.17

GUG vs. ABRZX - Sharpe Ratio Comparison

The current GUG Sharpe Ratio is 1.00, which is lower than the ABRZX Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of GUG and ABRZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GUG vs. ABRZX - Drawdown Comparison

The maximum GUG drawdown since its inception was -32.78%, which is greater than ABRZX's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for GUG and ABRZX.

Drawdown Indicators

	GUG	ABRZX	Difference
Max Drawdown Largest peak-to-trough decline	-32.78%	-26.62%	-6.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-4.25%	-3.55%
Max Drawdown (3Y) Largest decline over 3 years	-12.10%	-18.28%	+6.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.33%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.62%	—
Current Drawdown Current decline from peak	-3.09%	-2.53%	-0.56%
Average Drawdown Average peak-to-trough decline	-11.51%	-4.74%	-6.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	1.29%	+1.40%

Volatility

GUG vs. ABRZX - Volatility Comparison

Guggenheim Active Allocation Fund (GUG) has a higher volatility of 4.04% compared to Invesco Balanced-Risk Allocation Fund Class A (ABRZX) at 3.04%. This indicates that GUG's price experiences larger fluctuations and is considered to be riskier than ABRZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GUG	ABRZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	3.04%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	8.18%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	9.27%	+2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.48%	12.25%	+5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.48%	10.92%	+6.56%

GUG vs. ABRZX - Expense Ratio Comparison

GUG has a 3.86% expense ratio, which is higher than ABRZX's 1.41% expense ratio.

Dividends

GUG vs. ABRZX - Dividend Comparison

GUG's dividend yield for the trailing twelve months is around 9.08%, more than ABRZX's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABRZX Invesco Balanced-Risk Allocation Fund Class A	2.86%	3.38%	13.28%	2.21%	0.00%	26.02%	1.18%	6.49%	0.00%	6.43%	4.41%	6.91%
GUG Guggenheim Active Allocation Fund	9.08%	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

Can I hold both GUG and ABRZX in my portfolio?

GUG and ABRZX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GUG or ABRZX?

GUG has higher volatility (4.04%) compared to ABRZX (3.04%). In terms of maximum drawdown, GUG dropped -32.78% vs ABRZX's -26.62%.

Which has better risk-adjusted returns?

ABRZX currently has the higher Sharpe Ratio (2.71 vs 1.00), 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.