TCBIX vs. GOF
TCBIX (The Covered Bridge Fund) and GOF (Guggenheim Strategic Opportunities Fund) are both mutual funds - TCBIX is a Derivative Income fund managed by Covered Bridge, while GOF is a Multisector Bonds fund actively managed by Guggenheim. Over the past 10 years, TCBIX returned 7.57%/yr vs 7.06%/yr for GOF. Their 0.31 correlation means their historical movements had little consistent relationship. TCBIX charges 1.40%/yr vs 1.89%/yr for GOF.
Performance
TCBIX vs. GOF - Performance Comparison
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Returns By Period
In the year-to-date period, TCBIX achieves a 10.92% return, which is significantly higher than GOF's -9.05% return. Over the past 10 years, TCBIX has outperformed GOF with an annualized return of 7.57%, while GOF has yielded a comparatively lower 7.06% annualized return.
TCBIX
- 1D
- -0.10%
- 1M
- 1.59%
- 6M
- 7.01%
- YTD
- 10.92%
- 1Y
- 19.02%
- 3Y*
- 9.71%
- 5Y*
- 6.94%
- 10Y*
- 7.57%
- ALL TIME*
- 7.25%
GOF
- 1D
- -0.19%
- 1M
- -2.92%
- 6M
- -6.47%
- YTD
- -9.05%
- 1Y
- -15.70%
- 3Y*
- 1.75%
- 5Y*
- -0.24%
- 10Y*
- 7.06%
- ALL TIME*
- 8.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.30M | $14.34M | $15.54M | |
| $0.00 | $0.00 | $0.00 |
TCBIX vs. GOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCBIX The Covered Bridge Fund | 10.92% | 12.61% | 4.09% | 4.09% | 0.05% | 18.21% | -1.71% | 18.73% | -3.93% | 9.66% |
GOF Guggenheim Strategic Opportunities Fund | -9.05% | -1.92% | 38.04% | -3.04% | -5.78% | 4.90% | 21.51% | 10.51% | -5.95% | 22.01% |
Correlation
The correlation between TCBIX and GOF is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | 0.31 |
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Return for Risk
TCBIX vs. GOF — Risk / Return Rank
TCBIX
GOF
TCBIX vs. GOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Covered Bridge Fund (TCBIX) and Guggenheim Strategic Opportunities Fund (GOF). 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.
| TCBIX | GOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.01 | ||
| Sortino ratioReturn per unit of downside risk | +4.24 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.84 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | -0.68 | +4.21 |
| Martin ratioReturn relative to average drawdown | 11.58 | -1.11 | +12.69 |
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Drawdowns
TCBIX vs. GOF - Drawdown Comparison
The maximum TCBIX drawdown since its inception was -28.94%, smaller than the maximum GOF drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for TCBIX and GOF.
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Drawdown Indicators
| TCBIX | GOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.94% | -54.66% | +25.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -23.24% | +17.98% |
Max Drawdown (3Y)Largest decline over 3 years | -12.73% | -28.56% | +15.83% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -32.41% | +15.34% |
Max Drawdown (10Y)Largest decline over 10 years | -28.94% | -38.50% | +9.56% |
Current DrawdownCurrent decline from peak | -0.31% | -18.98% | +18.67% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -7.15% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 14.19% | -12.59% |
Volatility
TCBIX vs. GOF - Volatility Comparison
The Covered Bridge Fund (TCBIX) has a higher volatility of 2.90% compared to Guggenheim Strategic Opportunities Fund (GOF) at 2.59%. This indicates that TCBIX's price experiences larger fluctuations and is considered to be riskier than GOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCBIX | GOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.59% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 10.60% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 18.26% | -9.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.20% | 18.18% | -5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 19.54% | -6.03% |
TCBIX vs. GOF - Expense Ratio Comparison
TCBIX has a 1.40% expense ratio, which is lower than GOF's 1.89% expense ratio.
Dividends
TCBIX vs. GOF - Dividend Comparison
TCBIX's dividend yield for the trailing twelve months is around 8.34%, less than GOF's 20.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | 20.83% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
TCBIX The Covered Bridge Fund | 8.34% | 8.24% | 7.47% | 7.34% | 8.09% | 6.00% | 4.70% | 6.77% | 11.55% | 7.32% | 7.32% | 5.36% |
Frequently Asked Questions
TCBIX and GOF have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCBIX has higher volatility (2.90%) compared to GOF (2.59%). In terms of maximum drawdown, TCBIX dropped -28.94% vs GOF's -54.66%.
TCBIX currently has the higher Sharpe Ratio (2.14 vs -0.86), 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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