SIHAX vs. IPHYX
SIHAX (Guggenheim High Yield Fund) and IPHYX (Voya High Yield Portfolio) are both High Yield Bonds funds. Over the past 10 years, SIHAX returned 4.65%/yr vs 4.55%/yr for IPHYX. Their correlation of 0.81 suggests significant overlap in exposure. SIHAX charges 1.05%/yr vs 0.73%/yr for IPHYX.
Performance
SIHAX vs. IPHYX - Performance Comparison
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Returns By Period
In the year-to-date period, SIHAX achieves a 0.70% return, which is significantly lower than IPHYX's 1.17% return. Both investments have delivered pretty close results over the past 10 years, with SIHAX having a 4.65% annualized return and IPHYX not far behind at 4.55%.
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%
IPHYX
- 1D
- 0.00%
- 1M
- 0.81%
- YTD
- 1.17%
- 6M
- 1.76%
- 1Y
- 5.00%
- 3Y*
- 7.34%
- 5Y*
- 2.58%
- 10Y*
- 4.55%
SIHAX vs. IPHYX - 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% |
IPHYX Voya High Yield Portfolio | 1.17% | 6.80% | 6.74% | 11.47% | -13.75% | 4.15% | 5.66% | 15.24% | -3.18% | 6.24% |
Correlation
The correlation between SIHAX and IPHYX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 4, 2004 | 0.81 |
The correlation between SIHAX and IPHYX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
SIHAX vs. IPHYX — Risk / Return Rank
SIHAX
IPHYX
SIHAX vs. IPHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim High Yield Fund (SIHAX) and Voya High Yield Portfolio (IPHYX). 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 | IPHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.15 | -0.48 |
| Martin ratioReturn relative to average drawdown | 7.95 | 10.09 | -2.14 |
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Drawdowns
SIHAX vs. IPHYX - Drawdown Comparison
The maximum SIHAX drawdown since its inception was -36.72%, which is greater than IPHYX's maximum drawdown of -32.43%. Use the drawdown chart below to compare losses from any high point for SIHAX and IPHYX.
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Drawdown Indicators
| SIHAX | IPHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -32.43% | -4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.62% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -3.81% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -13.95% | -17.18% | +3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -19.31% | -20.45% | +1.14% |
Current DrawdownCurrent decline from peak | -0.20% | -0.23% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -2.78% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.54% | +0.06% |
Volatility
SIHAX vs. IPHYX - Volatility Comparison
The current volatility for Guggenheim High Yield Fund (SIHAX) is 0.85%, while Voya High Yield Portfolio (IPHYX) has a volatility of 1.01%. This indicates that SIHAX experiences smaller price fluctuations and is considered to be less risky than IPHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIHAX | IPHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.01% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.77% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 3.53% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 5.22% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.60% | 5.51% | -0.91% |
SIHAX vs. IPHYX - Expense Ratio Comparison
SIHAX has a 1.05% expense ratio, which is higher than IPHYX's 0.73% expense ratio.
Dividends
SIHAX vs. IPHYX - Dividend Comparison
SIHAX's dividend yield for the trailing twelve months is around 6.33%, more than IPHYX's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPHYX Voya High Yield Portfolio | 4.77% | 4.47% | 5.90% | 5.68% | 4.36% | 4.26% | 5.03% | 5.14% | 6.03% | 6.82% | 6.44% | 6.32% |
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 IPHYX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IPHYX has higher volatility (1.01%) compared to SIHAX (0.85%). In terms of maximum drawdown, SIHAX dropped -36.72% vs IPHYX's -32.43%.
IPHYX currently has the higher Sharpe Ratio (1.61 vs 1.50), 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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