SQIFX vs. GIYIX
SQIFX (Sit Quality Income Fund) and GIYIX (Guggenheim Ultra Short Duration Fund) are both Ultrashort Bond funds. Over the past 5 years, SQIFX returned 2.18%/yr vs 3.88%/yr for GIYIX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. SQIFX charges 0.90%/yr vs 0.34%/yr for GIYIX.
Performance
SQIFX vs. GIYIX - Performance Comparison
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Returns By Period
In the year-to-date period, SQIFX achieves a 0.29% return, which is significantly lower than GIYIX's 1.91% return.
SQIFX
- 1D
- 0.00%
- 1M
- -0.42%
- 6M
- -0.05%
- YTD
- 0.29%
- 1Y
- 2.39%
- 3Y*
- 4.16%
- 5Y*
- 2.18%
- 10Y*
- 2.05%
- ALL TIME*
- 1.63%
GIYIX
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 1.43%
- YTD
- 1.91%
- 1Y
- 3.99%
- 3Y*
- 5.68%
- 5Y*
- 3.88%
- 10Y*
- —
- ALL TIME*
- 3.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SQIFX vs. GIYIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SQIFX Sit Quality Income Fund | 0.29% | 6.32% | 3.93% | 3.39% | -2.68% | 1.24% | 2.89% | 3.13% | 0.06% |
GIYIX Guggenheim Ultra Short Duration Fund | 1.91% | 5.20% | 7.04% | 6.81% | -1.19% | 0.17% | 1.78% | 2.45% | 0.16% |
Correlation
The correlation between SQIFX and GIYIX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018 | 0.52 |
The correlation between SQIFX and GIYIX shifts across timeframes, from 0.49 (1 year) to 0.60 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SQIFX vs. GIYIX — Risk / Return Rank
SQIFX
GIYIX
SQIFX vs. GIYIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sit Quality Income Fund (SQIFX) and Guggenheim Ultra Short Duration Fund (GIYIX). 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.
| SQIFX | GIYIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -6.78 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 2.93 | -1.63 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 11.40 | -9.26 |
| Martin ratioReturn relative to average drawdown | 7.53 | 53.73 | -46.20 |
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Drawdowns
SQIFX vs. GIYIX - Drawdown Comparison
The maximum SQIFX drawdown since its inception was -4.22%, which is greater than GIYIX's maximum drawdown of -3.50%. Use the drawdown chart below to compare losses from any high point for SQIFX and GIYIX.
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Drawdown Indicators
| SQIFX | GIYIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.22% | -3.50% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -0.40% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -1.55% | -0.40% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -4.22% | -3.15% | -1.07% |
Max Drawdown (10Y)Largest decline over 10 years | -4.22% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.10% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -0.34% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.08% | +0.36% |
Volatility
SQIFX vs. GIYIX - Volatility Comparison
Sit Quality Income Fund (SQIFX) has a higher volatility of 0.52% compared to Guggenheim Ultra Short Duration Fund (GIYIX) at 0.27%. This indicates that SQIFX's price experiences larger fluctuations and is considered to be riskier than GIYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SQIFX | GIYIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.27% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.71% | 0.98% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.25% | 1.44% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.36% | 1.53% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.82% | 1.43% | +0.39% |
SQIFX vs. GIYIX - Expense Ratio Comparison
SQIFX has a 0.90% expense ratio, which is higher than GIYIX's 0.34% expense ratio.
Dividends
SQIFX vs. GIYIX - Dividend Comparison
SQIFX's dividend yield for the trailing twelve months is around 3.54%, less than GIYIX's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIYIX Guggenheim Ultra Short Duration Fund | 4.01% | 4.35% | 5.15% | 4.38% | 1.67% | 0.78% | 1.45% | 2.52% | 0.56% | 0.00% | 0.00% | 0.00% |
SQIFX Sit Quality Income Fund | 3.54% | 4.21% | 3.96% | 2.78% | 3.42% | 1.23% | 1.13% | 1.95% | 1.82% | 1.16% | 0.89% | 0.95% |
Frequently Asked Questions
SQIFX and GIYIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQIFX has higher volatility (0.52%) compared to GIYIX (0.27%). In terms of maximum drawdown, SQIFX dropped -4.22% vs GIYIX's -3.50%.
GIYIX currently has the higher Sharpe Ratio (3.15 vs 1.47), 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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