RPG’s top 10 holdings, which include beloved growth names such as Facebook (NasdaqGS: FB), Actavis (NYSE: ACT) and Regeneron Pharmaceuticals (NasdaqGS: REGN), combine for less than 19% of the ETF’s weight.
S&P Capital has favorable ratings on D.R. Horton (NYSE: DHI), Constellation Brands (NYSE: STZ) and Southwest Airlines (NYSE: LUV), each of which is a top 10 holding in RPG. Those stocks combine for 6.1% of RPG’s weight. D.R. Horton is the ETF’s largest holding at a weight of 2.6%. [Economy Supports Growth ETFs]
“In the last three years ended March 25, RPG has been a stronger performer, rising 20% on an annualized basis and ahead of IVW’s 17% gain. Year to date, the 3.9% gain for RPG was ahead of the 2.3% for IVW. While the standard deviation of 11.4 was also higher than IVW’s 9.3, but its risk-adjusted Sharpe ratio of 1.86 was better than IVW’s 1.73. The relative record is similarly strong when compared to the Vanguard Growth ETF (NYSEArca: VUG) that has $19 billion in assets,” said S&P Capital IQ.
RPG, which S&P rates overweight, is up 4.56% this year, well ahead of the average gain of 2.8% for IVW and VUG.
Guggenheim S&P 500 Pure Growth ETF