“Based on modern portfolio theory (MPT), the fund’s alpha indicates it outperformed the S&;P 500 TR USD Index by an annualized 0.05%. XLG’s beta indicates it is theoretically less volatile than the S&;P 500 TR USD Index; this may indicate XLG carries less risk than the index. XLG’s R-squared indicates that 95% of its past fluctuations can be explained by fluctuations in the S&;P 500 TR USD Index. XLG’s Sharpe ratio indicates the fund has been providing investors with favorable returns on a risk-adjusted basis. Similarly, the fund’s Treynor ratio indicates that it generated an annualized 16.18% per unit of risk. These past statistics may not be indicative of the fund’s future performance,” according to Investopedia.

XLG’s top holdings currently include Apple (NasdaqGS: AAPL), Microsoft (NasdaqGS: MSFT) and Exxon Mobil (NYSE: XOM). That trio combines for nearly 16% of the ETF’s weight.

Guggenheim Russell Top 50 Mega Cap ETF