HQH vs. GOF
HQH (Tekla Healthcare Investors) is a stock, while GOF (Guggenheim Strategic Opportunities Fund) is Multisector Bonds fund actively managed by Guggenheim. Over the past 10 years, HQH returned 8.13%/yr vs 7.48%/yr for GOF. At a 0.29 correlation, their price movements are largely independent.
Performance
HQH vs. GOF - Performance Comparison
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Returns By Period
In the year-to-date period, HQH achieves a 17.49% return, which is significantly higher than GOF's -7.57% return. Over the past 10 years, HQH has outperformed GOF with an annualized return of 8.13%, while GOF has yielded a comparatively lower 7.48% annualized return.
HQH
- 1D
- 0.14%
- 1M
- 3.57%
- 6M
- 18.24%
- YTD
- 17.49%
- 1Y
- 47.23%
- 3Y*
- 20.00%
- 5Y*
- 6.86%
- 10Y*
- 8.13%
- ALL TIME*
- 10.47%
GOF
- 1D
- -0.28%
- 1M
- 1.13%
- 6M
- -8.08%
- YTD
- -7.57%
- 1Y
- -14.57%
- 3Y*
- 2.30%
- 5Y*
- 0.49%
- 10Y*
- 7.48%
- ALL TIME*
- 8.90%
HQH vs. GOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | 17.49% | 34.12% | 10.22% | 1.22% | -17.27% | 7.99% | 24.82% | 26.80% | -13.08% | 15.97% |
GOF Guggenheim Strategic Opportunities Fund | -7.57% | -1.92% | 38.04% | -3.04% | -5.78% | 4.90% | 21.51% | 10.51% | -5.95% | 22.01% |
Correlation
The correlation between HQH and GOF is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2007 | 0.29 |
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Return for Risk
HQH vs. GOF — Risk / Return Rank
HQH
GOF
HQH vs. GOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tekla Healthcare Investors (HQH) and Guggenheim Strategic Opportunities Fund (GOF). 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.
| HQH | GOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +3.96 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.85 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | -0.63 | +4.28 |
| Martin ratioReturn relative to average drawdown | 12.50 | -1.07 | +13.56 |
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Drawdowns
HQH vs. GOF - Drawdown Comparison
The maximum HQH drawdown since its inception was -62.36%, which is greater than GOF's maximum drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for HQH and GOF.
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Drawdown Indicators
| HQH | GOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.36% | -54.66% | -7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -23.24% | +10.23% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | -28.56% | +7.42% |
Max Drawdown (5Y)Largest decline over 5 years | -37.55% | -32.41% | -5.14% |
Max Drawdown (10Y)Largest decline over 10 years | -37.55% | -38.50% | +0.95% |
Current DrawdownCurrent decline from peak | -5.34% | -17.67% | +12.33% |
Average DrawdownAverage peak-to-trough decline | -20.99% | -7.12% | -13.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 13.68% | -9.89% |
Volatility
HQH vs. GOF - Volatility Comparison
Tekla Healthcare Investors (HQH) has a higher volatility of 5.64% compared to Guggenheim Strategic Opportunities Fund (GOF) at 3.07%. This indicates that HQH's price experiences larger fluctuations and is considered to be riskier than GOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HQH | GOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 3.07% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 10.60% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.61% | 18.18% | +2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 18.18% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 19.53% | +1.86% |
Dividends
HQH vs. GOF - Dividend Comparison
HQH's dividend yield for the trailing twelve months is around 11.10%, less than GOF's 20.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | 20.50% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
HQH Tekla Healthcare Investors | 11.10% | 11.56% | 14.21% | 9.66% | 9.50% | 8.59% | 7.97% | 8.24% | 10.75% | 8.78% | 9.80% | 11.97% |
Frequently Asked Questions
HQH and GOF have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HQH has higher volatility (5.64%) compared to GOF (3.07%). In terms of maximum drawdown, HQH dropped -62.36% vs GOF's -54.66%.
HQH currently has the higher Sharpe Ratio (2.31 vs -0.81), 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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