Guggenheim Multi-Asset Income ETF

Find Ratings Reports
CVY : n.a. : Financial
$19.58 -0.05 | -0.25%
Today's Range: 19.50 - 19.74
Avg. Daily Volume: 77,000
07/27/16 - 3:59 PM ET
  • Last Ratings Update:06/30/2016
  • Price as of 06/30/2016 :$18.91
  • Net Assets:$1,299.8 Million
  • NAV:$19.12
  • Premium-1.1%
  • Peer Rank:207 of 268
  • Investment Rating:C-
  • Performance:C-
  • RiskB-
CVY Price Chart


We rate Guggenheim Multi-Asset Income ETF at C-. Positive factors that influence this rating include a low expense structure. The fund invests approximately 95% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.


Total return ranks well below peers over the last three years. The Guggenheim Multi-Asset Income ETF has returned an annual rate of 2.96% since inception. More recently, the fund has generated a total return of 2.90% in the last five years, -0.66% in the last three years, and -4.67% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 41% of them. It has also outpaced 24% of its competitors on a three year basis and 36% of them over the last year for the period ending 6/30/2016. On a year to date basis, CVY has returned 7.58%.

Downside risk has been above average. CVY has a draw down risk of -33.59%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 11.9%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $18.91, which is 3.6% below its 52-week high of $19.61 and 5.5% above its 52-week low of $17.93.

Low expense ratio helps performance. As CVY is an exchange traded fund, it has no front end or back end load.

The Guggenheim Multi-Asset Income ETF is managed by James R. King at Guggenheim Funds Investment Advisor. This fund is one of 54 Guggenheim Funds Investment Advisor exchange-traded funds launched since 1/28/2004 that we track.

Latest Stock Upgrades/Downgrades