SAOAX vs. GTRFX
Compare and contrast key facts about Guggenheim Alpha Opportunity Fund (SAOAX) and Gotham Total Return Fund (GTRFX).
SAOAX is managed by Guggenheim. It was launched on Jul 6, 2003. GTRFX is managed by Gotham. It was launched on Mar 30, 2015.
Performance
SAOAX vs. GTRFX - Performance Comparison
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SAOAX vs. GTRFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAOAX Guggenheim Alpha Opportunity Fund | 10.98% | -2.00% | 10.49% | 8.81% | -8.66% | 14.38% | 0.17% | -2.26% | -11.25% | 7.48% |
GTRFX Gotham Total Return Fund | -0.53% | 15.31% | 15.73% | 15.29% | -9.82% | 27.83% | -11.41% | 12.57% | -1.73% | 18.93% |
Returns By Period
In the year-to-date period, SAOAX achieves a 10.98% return, which is significantly higher than GTRFX's -0.53% return. Over the past 10 years, SAOAX has underperformed GTRFX with an annualized return of 2.97%, while GTRFX has yielded a comparatively higher 8.10% annualized return.
SAOAX
- 1D
- 0.77%
- 1M
- 0.29%
- YTD
- 10.98%
- 6M
- 12.29%
- 1Y
- 3.61%
- 3Y*
- 8.23%
- 5Y*
- 4.80%
- 10Y*
- 2.97%
GTRFX
- 1D
- 1.92%
- 1M
- -4.26%
- YTD
- -0.53%
- 6M
- 2.49%
- 1Y
- 14.16%
- 3Y*
- 14.71%
- 5Y*
- 10.16%
- 10Y*
- 8.10%
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SAOAX vs. GTRFX - Expense Ratio Comparison
SAOAX has a 1.76% expense ratio, which is higher than GTRFX's 0.00% expense ratio.
Return for Risk
SAOAX vs. GTRFX — Risk / Return Rank
SAOAX
GTRFX
SAOAX vs. GTRFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Alpha Opportunity Fund (SAOAX) and Gotham Total Return Fund (GTRFX). 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.
| SAOAX | GTRFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.08 | 1.01 | -0.93 |
Sortino ratioReturn per unit of downside risk | 0.63 | 1.55 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.19 | -1.00 |
Martin ratioReturn relative to average drawdown | 0.96 | 5.74 | -4.78 |
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
| SAOAX | GTRFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 1.01 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.75 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.58 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.61 | -0.31 |
Correlation
The correlation between SAOAX and GTRFX is 0.55, 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
SAOAX vs. GTRFX - Dividend Comparison
SAOAX's dividend yield for the trailing twelve months is around 0.64%, less than GTRFX's 9.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SAOAX Guggenheim Alpha Opportunity Fund | 0.64% | 0.71% | 1.06% | 0.62% | 0.72% | 0.82% | 1.22% | 0.92% | 1.17% | 7.07% | 0.03% |
GTRFX Gotham Total Return Fund | 9.58% | 9.53% | 11.50% | 7.27% | 10.25% | 4.66% | 0.71% | 6.06% | 1.48% | 0.33% | 0.05% |
Drawdowns
SAOAX vs. GTRFX - Drawdown Comparison
The maximum SAOAX drawdown since its inception was -52.28%, which is greater than GTRFX's maximum drawdown of -29.58%. Use the drawdown chart below to compare losses from any high point for SAOAX and GTRFX.
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Drawdown Indicators
| SAOAX | GTRFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.28% | -29.58% | -22.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -11.23% | +4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -35.90% | -18.51% | -17.39% |
Max Drawdown (10Y)Largest decline over 10 years | -35.90% | -29.58% | -6.32% |
Current DrawdownCurrent decline from peak | 0.00% | -4.67% | +4.67% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -4.34% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.97% | 2.33% | +4.64% |
Volatility
SAOAX vs. GTRFX - Volatility Comparison
The current volatility for Guggenheim Alpha Opportunity Fund (SAOAX) is 2.89%, while Gotham Total Return Fund (GTRFX) has a volatility of 3.63%. This indicates that SAOAX experiences smaller price fluctuations and is considered to be less risky than GTRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAOAX | GTRFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 3.63% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 7.48% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.24% | 14.57% | +46.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.68% | 13.56% | +15.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.13% | 13.91% | +7.22% |