SIHAX vs. GLAD
SIHAX (Guggenheim High Yield Fund) is High Yield Bonds fund managed by Guggenheim, while GLAD (Gladstone Capital Corporation) is a stock. Over the past 10 years, SIHAX returned 4.65%/yr vs 12.45%/yr for GLAD. At a 0.23 correlation, their price movements are largely independent.
Performance
SIHAX vs. GLAD - Performance Comparison
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Returns By Period
In the year-to-date period, SIHAX achieves a 0.70% return, which is significantly higher than GLAD's -4.62% return. Over the past 10 years, SIHAX has underperformed GLAD with an annualized return of 4.65%, while GLAD has yielded a comparatively higher 12.45% annualized return.
SIHAX
- 1D
- -0.10%
- 1M
- 0.93%
- YTD
- 0.70%
- 6M
- 1.33%
- 1Y
- 4.54%
- 3Y*
- 7.19%
- 5Y*
- 3.18%
- 10Y*
- 4.65%
GLAD
- 1D
- 2.57%
- 1M
- -0.09%
- YTD
- -4.62%
- 6M
- -1.91%
- 1Y
- -21.84%
- 3Y*
- 9.68%
- 5Y*
- 5.03%
- 10Y*
- 12.45%
SIHAX vs. GLAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIHAX Guggenheim High Yield Fund | 0.70% | 6.84% | 6.93% | 10.74% | -10.51% | 4.36% | 4.55% | 11.26% | -3.17% | 6.91% |
GLAD Gladstone Capital Corporation | -4.62% | -21.14% | 46.99% | 22.71% | -10.43% | 40.50% | -0.69% | 48.58% | -13.07% | 7.05% |
Correlation
The correlation between SIHAX and GLAD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2002 | 0.23 |
The correlation between SIHAX and GLAD shifts across timeframes, from 0.23 (all time) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SIHAX vs. GLAD — Risk / Return Rank
SIHAX
GLAD
SIHAX vs. GLAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim High Yield Fund (SIHAX) and Gladstone Capital Corporation (GLAD). 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.
| SIHAX | GLAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +3.73 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.87 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | -0.56 | +2.23 |
| Martin ratioReturn relative to average drawdown | 7.95 | -0.84 | +8.79 |
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Drawdowns
SIHAX vs. GLAD - Drawdown Comparison
The maximum SIHAX drawdown since its inception was -36.72%, smaller than the maximum GLAD drawdown of -74.87%. Use the drawdown chart below to compare losses from any high point for SIHAX and GLAD.
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Drawdown Indicators
| SIHAX | GLAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -74.87% | +38.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -39.22% | +36.36% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -39.59% | +36.19% |
Max Drawdown (5Y)Largest decline over 5 years | -13.95% | -39.59% | +25.64% |
Max Drawdown (10Y)Largest decline over 10 years | -19.31% | -58.37% | +39.06% |
Current DrawdownCurrent decline from peak | -0.20% | -29.76% | +29.56% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -18.72% | +16.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 25.98% | -25.38% |
Volatility
SIHAX vs. GLAD - Volatility Comparison
The current volatility for Guggenheim High Yield Fund (SIHAX) is 0.85%, while Gladstone Capital Corporation (GLAD) has a volatility of 7.11%. This indicates that SIHAX experiences smaller price fluctuations and is considered to be less risky than GLAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIHAX | GLAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 7.11% | -6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 19.41% | -16.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 25.81% | -22.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 23.67% | -19.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.60% | 30.06% | -25.46% |
Dividends
SIHAX vs. GLAD - Dividend Comparison
SIHAX's dividend yield for the trailing twelve months is around 6.33%, less than GLAD's 10.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLAD Gladstone Capital Corporation | 10.36% | 9.85% | 8.37% | 9.16% | 8.42% | 6.73% | 8.97% | 8.46% | 11.51% | 9.12% | 8.95% | 11.49% |
SIHAX Guggenheim High Yield Fund | 6.33% | 6.39% | 5.45% | 4.91% | 4.75% | 3.70% | 4.79% | 5.44% | 6.86% | 5.53% | 6.09% | 7.53% |
Frequently Asked Questions
SIHAX and GLAD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLAD has higher volatility (7.11%) compared to SIHAX (0.85%). In terms of maximum drawdown, SIHAX dropped -36.72% vs GLAD's -74.87%.
SIHAX currently has the higher Sharpe Ratio (1.50 vs -0.85), 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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