3 Cinderella ETFs For March Madness
A Cinderella story is one of great achievement and excitement. Characterized by overcoming the odds despite having all the chips stacked against you, these stories tend to have a following of doubters that look to dispel the tales of unthinkable success.
With the chaos of March Madness about to kick off, it is only right that the ETF industry's Cinderella stories be highlighted. Below are a number of ETFs that may not be the most well-known ETFs or have the most astounding statistics, but they have performed well and have unique strategies that will certainly add a certain spice to any portfolio.
Guggenheim Solar ETF
The Guggenheim Solar ETF (NYSE: TAN) follows 29 companies across seven countries that are involved in the solar industry. Solar has been widely criticized in the past as not being a viable investment option or practical energy source.
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The top individual holdings include:
Hanergy Thin Film Power Group Ltd making up 21 percent of the ETF
Sunedison Inc (NYSE: SUNE) at 8.8 percent
First Solar, Inc. (NASDAQ: FSLR) at 8.3 percent
The solar ETF is down 10 percent over the last 12 months and down 2 percent over the last six months; however, it has been shining in 2015, up 26 percent. TAN has an expense ratio of 0.71 percent.
Global X Guru Index ETF
The Global X Funds (NYSE: GURU) is made up of 42 companies and aims to mimic the investment strategy and holdings of hedge fund geniuses such as John Paulson, David Einhorn, Bill Ackman and more.
This may seem strange to many investors, but in this volatile market, growth isn't coming as easy as it has in the past few years. Therefore, peering over the shoulder of an expert for some guidance may not be a bad idea.
The top holdings include:
Houghton Mifflin Harcourt Co (NASDAQ: HMHC) with a 2.6 percent holding
Pandora Media Inc (NYSE: P) making up 2.6 percent as well
RR Donnelley & Sons Co (NASDAQ: RRD) also coming in at 2.6 percent
GURU is up 5 percent over the last 12 months, down 2 percent over the last six months and unchanged in 2015. The ETF has an expense ratio of 0.75 percent.
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Guggenheim Spin-Off ETF
The Guggenheim Spin-Off ETF (NYSE: CSD) provides investors exposure to companies that have been spun-off over the last 30 months with capitalizations under $10 billion. Spinoffs typically are viewed as viable investments, due to the fact they are now free of the parent company and are able to be valued appropriately.
The top holdings of CSD are:
Mallinckrodt PLC (NYSE: MNK) at 5.8 percent
WhiteWave Foods Co (NYSE: WWAV) totaling 5.3 percent
ADT Corp (NYSE: ADT) coming in at 4.9 percent
The spin-off ETF is down 1 percent over the last 12 months, down 1 percent over the last six months and up 3 percent in 2015. The ETF has an expense ratio of 0.66 percent.
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