Guggenheim Floating Correlations

GIFIX Fund

USD 23.93 0.03 0.13%

The current 90-days correlation between Guggenheim Floating Rate and Virtus Seix Government is 0.06 (i.e., Significant diversification). The correlation of Guggenheim Floating is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Guggenheim Floating Correlation With Market

Average diversification

The correlation between Guggenheim Floating Rate and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Floating Rate and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guggenheim Floating Rate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Guggenheim Mutual Fund

0.96	TVRCX	Guggenheim Directional	Pair Corr
0.84	TVRAX	Guggenheim Directional	Pair Corr
0.96	TVRIX	Guggenheim Directional	Pair Corr
0.95	GULDX	Gugg Actv Invmt	Pair Corr
0.7	GURAX	Guggenheim Risk Managed	Pair Corr
0.76	GURCX	Guggenheim Risk Managed	Pair Corr
0.7	GURIX	Guggenheim Risk Managed	Pair Corr
0.8	SECEX	Guggenheim Styleplus	Pair Corr
0.79	SECIX	Guggenheim Large Cap	Pair Corr
0.72	SECUX	Guggenheim Styleplus	Pair Corr
0.76	SEQAX	Guggenheim World Equity	Pair Corr
0.72	SEVAX	Guggenheim Mid Cap	Pair Corr
0.75	SEWIX	Guggenheim World Equity	Pair Corr
0.72	SEVSX	Guggenheim Mid Cap	Pair Corr
0.78	SFECX	Guggenheim Styleplus	Pair Corr
0.68	GIBCX	Guggenheim Total Return	Pair Corr
0.64	GIBIX	Guggenheim Total Return	Pair Corr
0.64	GIBLX	Guggenheim Total Return	Pair Corr
0.72	GIBRX	Guggenheim Total Return	Pair Corr
0.72	GIBAX	Guggenheim Total Return	Pair Corr
0.75	GIFPX	Guggenheim Floating Rate	Pair Corr
0.75	GIFSX	Guggenheim Floating Rate	Pair Corr
1.0	GIFAX	Guggenheim Floating Rate	Pair Corr
0.76	GIFCX	Guggenheim Floating Rate	Pair Corr
0.95	GILCX	Guggenheim Large Cap	Pair Corr
0.71	GILDX	Guggenheim Limited	Pair Corr

Moving against Guggenheim Mutual Fund

0.45

SAOSX

Guggenheim Alpha Opp

Pair Corr

Related Correlations Analysis

	SSAGX	SMAAX	ELMXX	BIGLX	IVMXX	PBMXX	DNCGX
SSAGX		0.95	0.56	0.71	0.67	0.67	0.87	SSAGX
SMAAX	0.95		0.7	0.68	0.77	0.77	0.85	SMAAX
ELMXX	0.56	0.7		0.33	0.83	0.83	0.48	ELMXX
BIGLX	0.71	0.68	0.33		0.25	0.25	0.91	BIGLX
IVMXX	0.67	0.77	0.83	0.25		1.0	0.43	IVMXX
PBMXX	0.67	0.77	0.83	0.25	1.0		0.43	PBMXX
DNCGX	0.87	0.85	0.48	0.91	0.43	0.43		DNCGX
	SSAGX	SMAAX	ELMXX	BIGLX	IVMXX	PBMXX	DNCGX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Floating Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Guggenheim Floating's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SSAGX	0.06	0.01	(1.17)	0.49	0.00	(0.18)	0.10	(0.10)	0.61
SMAAX	0.11	0.03	(0.55)	1.06	0.00	(0.16)	0.21	(0.10)	0.72
ELMXX	0.03	0.01	0.00	(3.32)	0.00	0.00	0.00	0.00	1.01
BIGLX	0.30	0.00	(0.32)	0.10	0.31	(0.34)	0.66	(0.56)	1.46
IVMXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
PBMXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
DNCGX	0.19	0.01	(0.42)	0.24	0.15	(0.22)	0.32	(0.41)	1.05

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC