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Asset Summary

Daily Performance Report for RXD ETF: Nov 14, 2024

Summary: The day started with RXD ETF opening at $10.69 and closing at $11.2. The ETF showed resilience throughout the day, with the highest price observed at $11.2 and the lowest at $10.64. The underlying asset had a trading range of $0.56 Overall, it was a positive trading day for RXD ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.51 or 4.77% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for RXD ETF was 25,143 units during Nov 14, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $10.69.

Highest Price: The highest price observed during the day was $11.2.

Lowest Price: The lowest price observed during the day was $10.64.

Closing Price: The day ended at $11.2.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

RXD’s equal weighting approach means each stock in the S&P 500 Equal Weight Consumer Discretionary Index has the same weight in the ETF, regardless of its market capitalization. This strategy can lead to different performance outcomes compared to cap-weighted indices, especially in periods of market volatility.

Key performance metrics for RXD include its net asset value (NAV), expense ratio, tracking error, and total return relative to the S&P 500 Equal Weight Consumer Discretionary Index. Investors should also consider its historical performance, volatility, and liquidity.

Yes, RXD can be held in retirement accounts such as IRAs or 401(k)s. It is important to consider how it fits within your overall investment strategy and risk profile when planning for retirement.

Similar ETFs to RXD include: XLY (Consumer Discretionary Select Sector SPDR Fund): Provides exposure to the consumer discretionary sector of the S&P 500. RCD (Invesco S&P 500 Equal Weight Consumer Discretionary ETF): Offers equal-weighted exposure to the consumer discretionary sector within the S&P 500. VCR (Vanguard Consumer Discretionary ETF): Tracks the performance of the consumer discretionary sector of the U.S. stock market.

RXD has an expense ratio of approximately 0.40%. This fee is deducted from the ETF’s assets to cover management, administrative, and operational expenses.

RXD follows the S&P 500 Equal Weight Consumer Discretionary Index, which may be rebalanced periodically. The ETF adjusts its holdings to reflect any changes in the index’s composition and weightings to maintain alignment with the index’s performance.

RXD typically distributes dividends on a quarterly basis. The dividends are derived from the income generated by the underlying securities in the ETF’s portfolio.

RXD can be purchased through a brokerage account. It is listed on major stock exchanges under the ticker symbol "RXD" and can be bought or sold like other stocks and ETFs.

Risks include market risk specific to the consumer discretionary sector, as well as general market and economic risks. RXD’s performance is influenced by trends and conditions in the consumer discretionary sector and the broader market environment.

RXD aims to closely track the performance of the S&P 500 Equal Weight Consumer Discretionary Index. Performance differences may occur due to tracking error, fund expenses, and market conditions. The fund's performance is regularly compared to the index in its fact sheets and performance reports.

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