Since 2008, the largest difference in volatility between CSD and the S&P occurred last year when the ETF was 520 basis points more volatile than the benchmark U.S. index. However, investors were more than compensated for the added risk as CSD outperformed the S&P 500 by nearly 2,000 basis points. [Unheralded ETFs Hitting New Highs]

In the five-year period ending Dec. 31, 2013, CSD ranked as one of the four best broader market ETFs on three occasions, taking home top honors last year. Dating back to 2008, CSD has only finished a year lower once and lagged the S&P 500 once; both instances occurred in 2008.

In the up years, CSD’s performance advantage over the S&P 500 has not even been close and over the past 36 months, the ETF has offered nearly double the returns of the S&P 500. Entering Tuesday, the ETF was up almost 5% year-to-date and nearly 8% in the past month.

Guggenheim Spin-Off ETF Sector Weights

Table Courtesy: Guggenheim Investments