Guggenheim Floating Correlations

GIFIX Fund

USD 23.45 0.01 0.04%

The current 90-days correlation between Guggenheim Floating Rate and Guggenheim Floating Rate is 0.99 (i.e., No risk reduction). 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 0.18 (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

0.88	GULDX	Gugg Actv Invmt	Pair Corr
0.65	SECEX	Guggenheim Styleplus	Pair Corr
0.7	SECIX	Guggenheim Large Cap	Pair Corr
0.63	SEQAX	Guggenheim World Equity	Pair Corr
0.63	SEWIX	Guggenheim World Equity	Pair Corr
0.78	SFGCX	Guggenheim World Equity	Pair Corr
1.0	GIFPX	Guggenheim Floating Rate	Pair Corr
1.0	GIFSX	Guggenheim Floating Rate	Pair Corr
1.0	GIFAX	Guggenheim Floating Rate	Pair Corr
0.99	GIFCX	Guggenheim Floating Rate	Pair Corr
0.83	GIKRX	Guggenheim Limited	Pair Corr
0.63	GIJIX	Guggenheim Municipal	Pair Corr
0.61	GIJPX	Guggenheim Municipal	Pair Corr

Moving against Guggenheim Mutual Fund

0.4	GURCX	Guggenheim Risk Managed	Pair Corr
0.38	GURAX	Guggenheim Risk Managed	Pair Corr
0.34	GURIX	Guggenheim Risk Managed	Pair Corr

Related Correlations Analysis

	GIFAX	GIFIX	GIFCX	CFRIX	EIFHX	BUFHX	MJFOX	QUSIX	QUSOX	BICSX
GIFAX		1.0	1.0	0.91	0.97	-0.02	0.48	-0.23	-0.09	0.69	GIFAX
GIFIX	1.0		0.99	0.91	0.97	-0.04	0.49	-0.26	-0.12	0.69	GIFIX
GIFCX	1.0	0.99		0.88	0.97	0.04	0.48	-0.16	-0.03	0.67	GIFCX
CFRIX	0.91	0.91	0.88		0.89	-0.07	0.46	-0.34	-0.14	0.77	CFRIX
EIFHX	0.97	0.97	0.97	0.89		0.1	0.53	-0.17	-0.06	0.71	EIFHX
BUFHX	-0.02	-0.04	0.04	-0.07	0.1		0.19	0.76	0.7	0.21	BUFHX
MJFOX	0.48	0.49	0.48	0.46	0.53	0.19		-0.09	-0.1	0.32	MJFOX
QUSIX	-0.23	-0.26	-0.16	-0.34	-0.17	0.76	-0.09		0.89	-0.14	QUSIX
QUSOX	-0.09	-0.12	-0.03	-0.14	-0.06	0.7	-0.1	0.89		0.07	QUSOX
BICSX	0.69	0.69	0.67	0.77	0.71	0.21	0.32	-0.14	0.07		BICSX
	GIFAX	GIFIX	GIFCX	CFRIX	EIFHX	BUFHX	MJFOX	QUSIX	QUSOX	BICSX

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GIFIX	+ 1.0	GIFAX
GIFCX	+ 1.0	GIFAX
GIFCX	+ 0.99	GIFIX
EIFHX	+ 0.97	GIFAX
EIFHX	+ 0.97	GIFIX
EIFHX	+ 0.97	GIFCX

High negative correlations

QUSIX	- 0.34	CFRIX
QUSIX	- 0.26	GIFIX
QUSIX	- 0.23	GIFAX
QUSIX	- 0.17	EIFHX
QUSIX	- 0.16	GIFCX
BICSX	- 0.14	QUSIX

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
GIFAX	0.07	0.00	(0.87)	0.05	0.00	(0.16)	0.13	(0.09)	0.82
GIFIX	0.07	0.00	(0.83)	0.07	0.00	(0.16)	0.13	(0.09)	0.82
GIFCX	0.06	0.00	(0.93)	(0.03)	0.00	(0.15)	0.13	(0.09)	0.77
CFRIX	0.08	0.02	(0.42)	(0.42)	0.00	(0.20)	0.11	(0.11)	0.99
EIFHX	0.06	0.00	(0.52)	(0.01)	0.00	(0.30)	0.12	(0.12)	0.87
BUFHX	0.11	(0.02)	0.00	(0.10)	0.00	0.00	0.19	(0.19)	0.95
MJFOX	0.94	(0.04)	(0.02)	0.04	1.43	(0.93)	1.86	(2.27)	6.78
QUSIX	0.57	(0.06)	0.00	(1.41)	0.00	0.00	1.04	(1.15)	4.56
QUSOX	0.53	(0.02)	0.00	(0.39)	0.00	0.00	1.06	(0.96)	2.84
BICSX	0.69	0.08	0.02	0.35	0.80	(0.78)	1.50	(1.50)	4.72

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