SECEX vs. SILVX

Last updated Aug 1, 2026

SECEX (Guggenheim StylePlus - Large Core Fund) and SILVX (SGI U.S. Large Equity Fund) are both Large Cap Blend Equities funds. Over the past 10 years, SECEX returned 13.84%/yr vs 10.34%/yr for SILVX. Their correlation of 0.87 means they have usually moved in the same direction. SECEX charges 1.31%/yr vs 0.98%/yr for SILVX.

Performance

SECEX vs. SILVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim StylePlus - Large Core Fund (SECEX) and SGI U.S. Large Equity Fund (SILVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SECEX achieves a 10.23% return, which is significantly lower than SILVX's 11.62% return. Over the past 10 years, SECEX has outperformed SILVX with an annualized return of 13.84%, while SILVX has yielded a comparatively lower 10.34% annualized return.

SECEX

• 1D: 2.36%
• 1M: -1.35%
• 6M: 9.48%
• YTD: 10.23%
• 1Y: 22.22%
• 3Y*: 19.10%
• 5Y*: 11.55%
• 10Y*: 13.84%
• ALL TIME*: 5.73%

SILVX

• 1D: 0.82%
• 1M: 0.26%
• 6M: 7.28%
• YTD: 11.62%
• 1Y: 20.78%
• 3Y*: 14.32%
• 5Y*: 7.85%
• 10Y*: 10.34%
• ALL TIME*: 11.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SECEX Guggenheim StylePlus - Large Core Fund	$0.00	$0.00	$0.00
SILVX SGI U.S. Large Equity Fund	$0.00	$0.00	$0.00

SECEX vs. SILVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SECEX Guggenheim StylePlus - Large Core Fund	10.23%	16.04%	25.74%	26.72%	-21.98%	28.21%	17.76%	29.62%	-7.18%	21.99%
SILVX SGI U.S. Large Equity Fund	11.62%	8.89%	17.65%	10.43%	-12.99%	17.31%	11.48%	29.22%	0.19%	16.43%

Correlation

The correlation between SECEX and SILVX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012	0.87

Over the past year, the correlation between SECEX and SILVX has dropped to 0.64 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

SECEX vs. SILVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SECEX

SECEX Risk / Return Rank: 54
SECEX Sharpe Ratio Rank: 54
SECEX Sortino Ratio Rank: 52
SECEX Omega Ratio Rank: 50
SECEX Calmar Ratio Rank: 54
SECEX Martin Ratio Rank: 60

SILVX

SILVX Risk / Return Rank: 82
SILVX Sharpe Ratio Rank: 85
SILVX Sortino Ratio Rank: 84
SILVX Omega Ratio Rank: 80
SILVX Calmar Ratio Rank: 75
SILVX Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SECEX vs. SILVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim StylePlus - Large Core Fund (SECEX) and SGI U.S. Large Equity Fund (SILVX). 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.

	SECEX	SILVX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	2.11	-0.71
Sortino ratio: Return per unit of downside risk	1.97	3.01	-1.04
Omega ratio: Gain probability vs. loss probability	1.25	1.37	-0.13
Calmar ratio: Return relative to maximum drawdown	1.95	2.50	-0.55
Martin ratio: Return relative to average drawdown	7.80	11.23	-3.43

SECEX vs. SILVX - Sharpe Ratio Comparison

The current SECEX Sharpe Ratio is 1.40, which is lower than the SILVX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of SECEX and SILVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SECEX vs. SILVX - Drawdown Comparison

The maximum SECEX drawdown since its inception was -73.88%, which is greater than SILVX's maximum drawdown of -31.29%. Use the drawdown chart below to compare losses from any high point for SECEX and SILVX.

Drawdown Indicators

	SECEX	SILVX	Difference
Max Drawdown Largest peak-to-trough decline	-73.88%	-31.29%	-42.59%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-7.87%	-2.36%
Max Drawdown (3Y) Largest decline over 3 years	-18.34%	-12.12%	-6.22%
Max Drawdown (5Y) Largest decline over 5 years	-27.55%	-21.21%	-6.34%
Max Drawdown (10Y) Largest decline over 10 years	-35.59%	-31.29%	-4.30%
Current Drawdown Current decline from peak	-3.97%	-0.15%	-3.82%
Average Drawdown Average peak-to-trough decline	-20.60%	-3.57%	-17.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	1.75%	+0.80%

Volatility

SECEX vs. SILVX - Volatility Comparison

Guggenheim StylePlus - Large Core Fund (SECEX) has a higher volatility of 4.56% compared to SGI U.S. Large Equity Fund (SILVX) at 2.47%. This indicates that SECEX's price experiences larger fluctuations and is considered to be riskier than SILVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SECEX	SILVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	2.47%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	11.79%	6.97%	+4.82%
Volatility (1Y) Calculated over the trailing 1-year period	14.23%	9.33%	+4.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	13.20%	+4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	14.95%	+3.24%

SECEX vs. SILVX - Expense Ratio Comparison

SECEX has a 1.31% expense ratio, which is higher than SILVX's 0.98% expense ratio.

Dividends

SECEX vs. SILVX - Dividend Comparison

SECEX's dividend yield for the trailing twelve months is around 2.68%, less than SILVX's 7.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SECEX Guggenheim StylePlus - Large Core Fund	2.68%	2.95%	23.10%	2.50%	40.57%	4.58%	9.21%	1.57%	22.52%	18.80%	1.94%	12.32%
SILVX SGI U.S. Large Equity Fund	7.95%	8.87%	23.03%	4.68%	4.09%	15.68%	0.61%	4.37%	4.43%	7.34%	2.61%	7.04%

Frequently Asked Questions

Can I hold both SECEX and SILVX in my portfolio?

SECEX and SILVX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SECEX or SILVX?

SECEX has higher volatility (4.56%) compared to SILVX (2.47%). In terms of maximum drawdown, SECEX dropped -73.88% vs SILVX's -31.29%.

Which has better risk-adjusted returns?

SILVX currently has the higher Sharpe Ratio (2.11 vs 1.40), 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.