XCIIX vs. GOF
XCIIX (BlackRock Enhanced Capital and Income Fund) and GOF (Guggenheim Strategic Opportunities Fund) are both mutual funds - XCIIX is a Derivative Income fund actively managed by BlackRock, while GOF is a Multisector Bonds fund actively managed by Guggenheim. Both are actively managed. Over the past 10 years, XCIIX returned 9.60%/yr vs 7.19%/yr for GOF. Their 0.34 correlation means their historical movements had little consistent relationship. XCIIX charges 0.90%/yr vs 1.89%/yr for GOF.
Performance
XCIIX vs. GOF - Performance Comparison
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Returns By Period
In the year-to-date period, XCIIX achieves a 4.94% return, which is significantly higher than GOF's -8.87% return. Over the past 10 years, XCIIX has outperformed GOF with an annualized return of 9.60%, while GOF has yielded a comparatively lower 7.19% annualized return.
XCIIX
- 1D
- 2.43%
- 1M
- -2.00%
- 6M
- 2.76%
- YTD
- 4.94%
- 1Y
- 4.80%
- 3Y*
- 11.24%
- 5Y*
- 8.23%
- 10Y*
- 9.60%
- ALL TIME*
- 3.86%
GOF
- 1D
- 0.00%
- 1M
- -2.74%
- 6M
- -9.44%
- YTD
- -8.87%
- 1Y
- -15.54%
- 3Y*
- 1.50%
- 5Y*
- 0.02%
- 10Y*
- 7.19%
- ALL TIME*
- 8.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.95M | $14.31M | $15.46M | |
| $0.00 | $0.00 | $0.00 |
XCIIX vs. GOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCIIX BlackRock Enhanced Capital and Income Fund | 4.94% | 10.59% | 14.15% | 20.34% | -11.31% | 21.80% | 13.34% | 21.26% | -10.58% | 14.36% |
GOF Guggenheim Strategic Opportunities Fund | -8.87% | -1.92% | 38.04% | -3.04% | -5.78% | 4.90% | 21.51% | 10.51% | -5.95% | 22.01% |
Correlation
The correlation between XCIIX and GOF is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2007 | 0.34 |
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Return for Risk
XCIIX vs. GOF — Risk / Return Rank
XCIIX
GOF
XCIIX vs. GOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Enhanced Capital and Income Fund (XCIIX) 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.
| XCIIX | GOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.84 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | -0.68 | +0.96 |
| Martin ratioReturn relative to average drawdown | 0.82 | -1.12 | +1.94 |
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Drawdowns
XCIIX vs. GOF - Drawdown Comparison
The maximum XCIIX drawdown since its inception was -56.56%, roughly equal to the maximum GOF drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for XCIIX and GOF.
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Drawdown Indicators
| XCIIX | GOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.56% | -54.66% | -1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -16.02% | -23.24% | +7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.50% | -28.56% | +9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -32.41% | +12.91% |
Max Drawdown (10Y)Largest decline over 10 years | -32.23% | -38.50% | +6.27% |
Current DrawdownCurrent decline from peak | -4.98% | -18.83% | +13.85% |
Average DrawdownAverage peak-to-trough decline | -18.27% | -7.15% | -11.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 14.14% | -9.07% |
Volatility
XCIIX vs. GOF - Volatility Comparison
BlackRock Enhanced Capital and Income Fund (XCIIX) has a higher volatility of 5.15% compared to Guggenheim Strategic Opportunities Fund (GOF) at 2.66%. This indicates that XCIIX'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
| XCIIX | GOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 2.66% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | 10.62% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 18.23% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 18.18% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 19.53% | -2.30% |
XCIIX vs. GOF - Expense Ratio Comparison
XCIIX has a 0.90% expense ratio, which is lower than GOF's 1.89% expense ratio.
Dividends
XCIIX vs. GOF - Dividend Comparison
XCIIX's dividend yield for the trailing twelve months is around 0.60%, less than GOF's 20.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | 20.79% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
XCIIX BlackRock Enhanced Capital and Income Fund | 0.60% | 4.36% | 5.30% | 6.03% | 11.97% | 4.99% | 5.49% | 2.89% | 0.68% | 0.31% | 0.00% | 0.66% |
Frequently Asked Questions
XCIIX and GOF have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XCIIX has higher volatility (5.15%) compared to GOF (2.66%). In terms of maximum drawdown, XCIIX dropped -56.56% vs GOF's -54.66%.
XCIIX currently has the higher Sharpe Ratio (0.26 vs -0.87), 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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