HFHIX vs. GIFIX
Compare and contrast key facts about Hartford Floating Rate High Income Fund (HFHIX) and Guggenheim Floating Rate Strategies Fund (GIFIX).
HFHIX is managed by Hartford. It was launched on Sep 29, 2011. GIFIX is an actively managed fund by Guggenheim. It was launched on Nov 29, 2011.
Performance
HFHIX vs. GIFIX - Performance Comparison
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HFHIX vs. GIFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFHIX Hartford Floating Rate High Income Fund | -1.29% | 7.69% | 6.61% | 9.35% | -4.54% | 4.21% | 1.04% | 9.28% | -0.31% | 5.62% |
GIFIX Guggenheim Floating Rate Strategies Fund | -1.13% | 4.13% | 7.22% | 13.03% | -2.05% | 4.55% | 1.36% | 6.69% | -0.14% | 3.63% |
Returns By Period
In the year-to-date period, HFHIX achieves a -1.29% return, which is significantly lower than GIFIX's -1.13% return. Over the past 10 years, HFHIX has outperformed GIFIX with an annualized return of 4.82%, while GIFIX has yielded a comparatively lower 4.28% annualized return.
HFHIX
- 1D
- 0.00%
- 1M
- -1.37%
- YTD
- -1.29%
- 6M
- 0.27%
- 1Y
- 5.00%
- 3Y*
- 6.52%
- 5Y*
- 3.93%
- 10Y*
- 4.82%
GIFIX
- 1D
- -0.04%
- 1M
- -0.22%
- YTD
- -1.13%
- 6M
- -0.20%
- 1Y
- 2.65%
- 3Y*
- 6.43%
- 5Y*
- 4.79%
- 10Y*
- 4.28%
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HFHIX vs. GIFIX - Expense Ratio Comparison
HFHIX has a 0.80% expense ratio, which is higher than GIFIX's 0.78% expense ratio.
Return for Risk
HFHIX vs. GIFIX — Risk / Return Rank
HFHIX
GIFIX
HFHIX vs. GIFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Floating Rate High Income Fund (HFHIX) and Guggenheim Floating Rate Strategies Fund (GIFIX). 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.
| HFHIX | GIFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 1.17 | +0.71 |
Sortino ratioReturn per unit of downside risk | 2.96 | 2.08 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.69 | 1.34 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 2.97 | 1.49 | +1.48 |
Martin ratioReturn relative to average drawdown | 9.83 | 5.34 | +4.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HFHIX | GIFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.17 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.36 | 1.81 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 1.29 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 1.58 | -0.34 |
Correlation
The correlation between HFHIX and GIFIX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HFHIX vs. GIFIX - Dividend Comparison
HFHIX's dividend yield for the trailing twelve months is around 6.74%, which matches GIFIX's 6.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFHIX Hartford Floating Rate High Income Fund | 6.74% | 6.70% | 6.73% | 6.60% | 5.21% | 3.30% | 3.86% | 4.75% | 6.55% | 4.24% | 5.01% | 5.58% |
GIFIX Guggenheim Floating Rate Strategies Fund | 6.71% | 7.40% | 8.47% | 8.34% | 3.64% | 2.91% | 3.78% | 4.38% | 4.71% | 3.83% | 4.10% | 4.85% |
Drawdowns
HFHIX vs. GIFIX - Drawdown Comparison
The maximum HFHIX drawdown since its inception was -23.31%, which is greater than GIFIX's maximum drawdown of -19.03%. Use the drawdown chart below to compare losses from any high point for HFHIX and GIFIX.
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Drawdown Indicators
| HFHIX | GIFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -19.03% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -1.97% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -8.21% | -6.30% | -1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -19.03% | -4.28% |
Current DrawdownCurrent decline from peak | -1.85% | -1.26% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -1.35% | -0.76% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.56% | 0.00% |
Volatility
HFHIX vs. GIFIX - Volatility Comparison
The current volatility for Hartford Floating Rate High Income Fund (HFHIX) is 0.49%, while Guggenheim Floating Rate Strategies Fund (GIFIX) has a volatility of 0.53%. This indicates that HFHIX experiences smaller price fluctuations and is considered to be less risky than GIFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFHIX | GIFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.53% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 1.61% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 2.67% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 2.67% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 3.34% | +0.84% |