Guggenheim S&P 500 Equal Weight Consumer StFind Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$128.70
- Net Assets:$146.1 Million
- Peer Rank:1 of 323
- Investment Rating:A+
We rate Guggenheim S&P 500 Eq WgCon St ETF at A+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The Guggenheim S&P 500 Eq WgCon St ETF has returned an annual rate of 13.09% since inception. More recently, the fund has generated a total return of 17.55% in the last five years, 18.39% in the last three years, and 22.62% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 96% of them. It has also outpaced 91% of its competitors on a three year basis and 87% of them over the last year for the period ending 6/30/2016. On a year to date basis, RHS has returned 11.74%.
Downside risk has been below average. RHS has a draw down risk of -4.96%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.5%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $128.70, which is 0.2% below its 52-week high of $129.00 and 5.6% above its 52-week low of $121.91.
Low expense ratio helps performance. As RHS is an exchange traded fund, it has no front end or back end load.
The Guggenheim S&P 500 Eq WgCon St ETF is managed by James R. King at Guggenheim Investments. This fund is one of 29 Guggenheim Investments exchange-traded funds launched since 4/24/2003 that we track.