SIHAX vs. PRFRX
SIHAX (Guggenheim High Yield Fund) and PRFRX (T. Rowe Price Floating Rate Fund) are both High Yield Bonds funds. Over the past 10 years, SIHAX returned 4.65%/yr vs 5.58%/yr for PRFRX. A 0.57 correlation means they provide meaningful diversification when combined. SIHAX charges 1.05%/yr vs 0.75%/yr for PRFRX.
Performance
SIHAX vs. PRFRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SIHAX achieves a 0.70% return, which is significantly lower than PRFRX's 1.27% return. Over the past 10 years, SIHAX has underperformed PRFRX with an annualized return of 4.65%, while PRFRX has yielded a comparatively higher 5.58% annualized return.
SIHAX
- 1D
- 0.10%
- 1M
- 0.62%
- YTD
- 0.70%
- 6M
- 1.33%
- 1Y
- 4.23%
- 3Y*
- 7.19%
- 5Y*
- 3.14%
- 10Y*
- 4.65%
PRFRX
- 1D
- -0.11%
- 1M
- -0.10%
- YTD
- 1.27%
- 6M
- 2.44%
- 1Y
- 8.03%
- 3Y*
- 9.84%
- 5Y*
- 7.06%
- 10Y*
- 5.58%
SIHAX vs. PRFRX - 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% |
PRFRX T. Rowe Price Floating Rate Fund | 1.27% | 9.82% | 11.04% | 13.78% | -1.95% | 4.60% | 1.75% | 8.46% | -0.08% | 3.48% |
Correlation
The correlation between SIHAX and PRFRX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2011 | 0.57 |
The correlation between SIHAX and PRFRX shifts across timeframes, from 0.46 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SIHAX vs. PRFRX — Risk / Return Rank
SIHAX
PRFRX
SIHAX vs. PRFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim High Yield Fund (SIHAX) and T. Rowe Price Floating Rate Fund (PRFRX). 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 | PRFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -5.31 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 2.18 | -0.88 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 5.45 | -3.93 |
| Martin ratioReturn relative to average drawdown | 7.24 | 20.01 | -12.77 |
Loading charts...
Drawdowns
SIHAX vs. PRFRX - Drawdown Comparison
The maximum SIHAX drawdown since its inception was -36.72%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for SIHAX and PRFRX.
Loading charts...
Drawdown Indicators
| SIHAX | PRFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -20.05% | -16.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -1.50% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -2.35% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -13.95% | -5.94% | -8.01% |
Max Drawdown (10Y)Largest decline over 10 years | -19.31% | -20.05% | +0.74% |
Current DrawdownCurrent decline from peak | -0.20% | -0.66% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -0.69% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.41% | +0.19% |
Volatility
SIHAX vs. PRFRX - Volatility Comparison
Guggenheim High Yield Fund (SIHAX) has a higher volatility of 0.86% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.65%. This indicates that SIHAX's price experiences larger fluctuations and is considered to be riskier than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SIHAX | PRFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.65% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 1.93% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.19% | 2.70% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 2.92% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.59% | 3.92% | +0.67% |
SIHAX vs. PRFRX - Expense Ratio Comparison
SIHAX has a 1.05% expense ratio, which is higher than PRFRX's 0.75% expense ratio.
Dividends
SIHAX vs. PRFRX - Dividend Comparison
SIHAX's dividend yield for the trailing twelve months is around 6.33%, less than PRFRX's 9.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFRX T. Rowe Price Floating Rate Fund | 9.81% | 9.99% | 10.20% | 9.57% | 4.03% | 3.86% | 4.00% | 4.84% | 4.87% | 4.04% | 4.07% | 4.07% |
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 PRFRX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIHAX has higher volatility (0.86%) compared to PRFRX (0.65%). In terms of maximum drawdown, SIHAX dropped -36.72% vs PRFRX's -20.05%.
PRFRX currently has the higher Sharpe Ratio (3.03 vs 1.37), 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.
Find the right allocation for SIHAX and PRFRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer