For example, Green Mountain Coffee Roasters (NasdaqGM: GMCR) and Beam (NYSE: BEAM) are not much less important to RHS than are Procter & Gamble and PepsiCo (NYSE: PEP). That is a goo thing when Green Mountain and Beam are up an average of 30% this year.
The standard deviation on RHS is 9.87% and the ETF’s beta is 0.97, indicating the fund is more volatile than traditional cap-weighted staples ETFs. However, over the past three years, RHS has been only slightly more volatile than its cap-weighted rivals while outperforming those funds by wide enough margins to render the modestly higher volatility a moot point.
Guggenheim S&P 500 Equal Weight Consumer Staples ETF
Tom Lydon’s clients own shares of Coca-Cola and Procter & Gamble.