PAXS vs. GOF
PAXS (PIMCO Access Income Fund) and GOF (Guggenheim Strategic Opportunities Fund) are both Multisector Bonds funds. Both are actively managed. Over the past 3 years, PAXS returned 11.11%/yr vs 2.87%/yr for GOF. At a 0.37 correlation, their price movements are largely independent.
Performance
PAXS vs. GOF - Performance Comparison
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Returns By Period
In the year-to-date period, PAXS achieves a -2.55% return, which is significantly higher than GOF's -9.63% return.
PAXS
- 1D
- -0.07%
- 1M
- 1.07%
- YTD
- -2.55%
- 6M
- -3.31%
- 1Y
- 4.65%
- 3Y*
- 11.11%
- 5Y*
- —
- 10Y*
- —
GOF
- 1D
- -1.30%
- 1M
- -2.82%
- YTD
- -9.63%
- 6M
- -5.68%
- 1Y
- -13.71%
- 3Y*
- 2.87%
- 5Y*
- 0.07%
- 10Y*
- 7.66%
PAXS vs. GOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PAXS PIMCO Access Income Fund | -2.55% | 12.58% | 19.51% | 9.30% | -16.66% |
GOF Guggenheim Strategic Opportunities Fund | -9.63% | -1.92% | 38.04% | -3.04% | -6.56% |
Correlation
The correlation between PAXS and GOF is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.37 |
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Return for Risk
PAXS vs. GOF — Risk / Return Rank
PAXS
GOF
PAXS vs. GOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Access Income Fund (PAXS) 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.
| PAXS | GOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.86 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | -0.59 | +0.98 |
| Martin ratioReturn relative to average drawdown | 1.02 | -1.07 | +2.09 |
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Drawdowns
PAXS vs. GOF - Drawdown Comparison
The maximum PAXS drawdown since its inception was -22.28%, smaller than the maximum GOF drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for PAXS and GOF.
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Drawdown Indicators
| PAXS | GOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -54.66% | +32.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -23.24% | +11.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -28.56% | +15.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | -7.80% | -19.50% | +11.70% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -7.08% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 12.84% | -8.27% |
Volatility
PAXS vs. GOF - Volatility Comparison
The current volatility for PIMCO Access Income Fund (PAXS) is 3.21%, while Guggenheim Strategic Opportunities Fund (GOF) has a volatility of 3.40%. This indicates that PAXS experiences smaller price fluctuations and is considered to be less risky 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
| PAXS | GOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 3.40% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 11.11% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 18.04% | -5.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 18.19% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 19.54% | -2.15% |
Dividends
PAXS vs. GOF - Dividend Comparison
PAXS's dividend yield for the trailing twelve months is around 12.77%, less than GOF's 20.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | 20.62% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
PAXS PIMCO Access Income Fund | 12.77% | 11.72% | 11.76% | 12.54% | 13.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PAXS and GOF have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOF has higher volatility (3.40%) compared to PAXS (3.21%). In terms of maximum drawdown, PAXS dropped -22.28% vs GOF's -54.66%.
PAXS currently has the higher Sharpe Ratio (0.38 vs -0.76), 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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