Correlation
The correlation between JUCIX and GIOIX is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
JUCIX vs. GIOIX
Compare and contrast key facts about Janus Henderson Absolute Return Income Opportunities Fund (JUCIX) and Guggenheim Macro Opportunities Fund (GIOIX).
JUCIX is managed by Janus Henderson. It was launched on May 26, 2014. GIOIX is managed by Guggenheim Investments. It was launched on Nov 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JUCIX or GIOIX.
Performance
JUCIX vs. GIOIX - Performance Comparison
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Key characteristics
JUCIX:
3.64
GIOIX:
3.36
JUCIX:
8.44
GIOIX:
6.04
JUCIX:
2.44
GIOIX:
1.90
JUCIX:
10.18
GIOIX:
4.27
JUCIX:
40.04
GIOIX:
18.36
JUCIX:
0.17%
GIOIX:
0.44%
JUCIX:
1.89%
GIOIX:
2.45%
JUCIX:
-8.24%
GIOIX:
-12.22%
JUCIX:
0.00%
GIOIX:
0.00%
Returns By Period
In the year-to-date period, JUCIX achieves a 1.83% return, which is significantly lower than GIOIX's 2.10% return. Over the past 10 years, JUCIX has underperformed GIOIX with an annualized return of 2.32%, while GIOIX has yielded a comparatively higher 3.94% annualized return.
JUCIX
1.83%
0.34%
2.26%
6.24%
5.20%
2.98%
2.32%
GIOIX
2.10%
0.49%
1.93%
7.41%
5.67%
5.23%
3.94%
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JUCIX vs. GIOIX - Expense Ratio Comparison
JUCIX has a 0.71% expense ratio, which is lower than GIOIX's 0.96% expense ratio.
Risk-Adjusted Performance
JUCIX vs. GIOIX — Risk-Adjusted Performance Rank
JUCIX
GIOIX
JUCIX vs. GIOIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Absolute Return Income Opportunities Fund (JUCIX) and Guggenheim Macro Opportunities Fund (GIOIX). 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.
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Dividends
JUCIX vs. GIOIX - Dividend Comparison
JUCIX's dividend yield for the trailing twelve months is around 4.46%, less than GIOIX's 5.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JUCIX Janus Henderson Absolute Return Income Opportunities Fund | 4.46% | 4.67% | 3.74% | 2.10% | 1.49% | 1.70% | 3.43% | 3.25% | 2.64% | 4.78% | 2.30% | 0.44% |
GIOIX Guggenheim Macro Opportunities Fund | 5.25% | 5.89% | 6.45% | 5.12% | 3.89% | 4.05% | 3.29% | 3.64% | 3.54% | 5.38% | 5.48% | 4.96% |
Drawdowns
JUCIX vs. GIOIX - Drawdown Comparison
The maximum JUCIX drawdown since its inception was -8.24%, smaller than the maximum GIOIX drawdown of -12.22%. Use the drawdown chart below to compare losses from any high point for JUCIX and GIOIX.
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Volatility
JUCIX vs. GIOIX - Volatility Comparison
The current volatility for Janus Henderson Absolute Return Income Opportunities Fund (JUCIX) is 0.21%, while Guggenheim Macro Opportunities Fund (GIOIX) has a volatility of 0.44%. This indicates that JUCIX experiences smaller price fluctuations and is considered to be less risky than GIOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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