The standard deviation on RHS is 9.86% and the ETF’s beta is 0.98, 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. [Get Stuck on Staples With This ETF]
The time could be right to consider RHS. As we noted Monday, XLP is usually the best of the nine sector SPDRs in August, but RHS has slightly outpaced its cap-weighted rival over the past month. Year-to-date, the gap is more glaring with RHS up 6.7% compared to a 4% gain for XLP.
Guggenheim S&P Equal Weight Consumer Staples ETF