- ISIN
- US40168W7496
- Issuer
- Guggenheim
- Inception Date
- May 1, 1997
- Category
- Mid Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
SEVAX Performance Chart
Guggenheim SMid Cap Value Fund (SEVAX) is up 9.5% since the beginning of the year. SEVAX is currently trading at $38 per share. Investors who bought $1,000 worth of SEVAX shares 5 years ago would now be looking at an investment worth $1,306.
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Returns By Period
Guggenheim SMid Cap Value Fund (SEVAX) has returned 9.53% so far this year and 19.61% over the past 12 months. Over the last ten years, SEVAX has returned 8.66% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Guggenheim SMid Cap Value Fund
- 1D
- 1.07%
- 1M
- 2.24%
- YTD
- 9.53%
- 6M
- 7.69%
- 1Y
- 19.61%
- 3Y*
- 7.12%
- 5Y*
- 5.49%
- 10Y*
- 8.66%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SEVAX Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 1997, SEVAX's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 62% of months were positive and 38% were negative. The best month was May 2003 with a return of +18.3%, while the worst month was Mar 2020 at -21.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SEVAX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.6%, while the worst single day was Mar 16, 2020 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.95% | 1.91% | -4.52% | 6.26% | 1.85% | 1.04% | 9.53% | ||||||
| 2025 | 2.01% | -2.18% | -2.97% | -3.37% | 4.41% | 2.39% | 1.20% | 4.62% | 0.31% | -1.30% | 2.25% | -0.01% | 7.18% |
| 2024 | -2.10% | 4.43% | 4.32% | -5.29% | 4.51% | -2.57% | 6.60% | 0.12% | 0.70% | -1.61% | 6.98% | -15.75% | -1.97% |
| 2023 | 7.59% | -1.65% | -4.79% | -0.80% | -4.16% | 8.11% | 4.18% | -2.50% | -5.26% | -4.17% | 5.76% | 8.26% | 9.34% |
| 2022 | -3.12% | 3.85% | 1.61% | -4.69% | 3.50% | -10.56% | 8.18% | -3.08% | -8.28% | 11.72% | 5.03% | -3.78% | -2.07% |
| 2021 | 0.18% | 10.94% | 5.72% | 2.98% | 1.52% | -2.25% | -0.84% | -0.18% | -1.81% | 4.24% | -3.86% | 5.71% | 23.63% |
Benchmark Metrics
Guggenheim SMid Cap Value Fund has an annualized alpha of 4.09%, beta of 0.92, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since April 30, 1997.
- This fund captured 108.29% of S&P 500 Index gains but only 94.07% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 4.09% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.92 and R2 of 0.74, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 4.09%
- Beta
- 0.92
- R²
- 0.74
- Upside Capture
- 108.29%
- Downside Capture
- 94.07%
Expense Ratio
SEVAX has a high expense ratio of 1.19%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SEVAX ranks 31 for risk / return — below 31% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Guggenheim SMid Cap Value Fund (SEVAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SEVAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.78 | -0.55 |
| Martin ratioReturn relative to average drawdown | 7.70 | 12.44 | -4.74 |
Dividends
Dividend History
Guggenheim SMid Cap Value Fund provided a 12.95% dividend yield over the last twelve months, with an annual payout of $4.91 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.91 | $4.91 | $0.00 | $0.59 | $1.92 | $2.62 | $0.00 | $1.34 | $4.01 | $2.60 | $1.02 | $4.84 |
Dividend yield | 12.95% | 14.18% | 0.00% | 1.58% | 5.49% | 6.98% | 0.00% | 4.25% | 15.53% | 7.55% | 3.12% | 18.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Guggenheim SMid Cap Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.91 | $4.91 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.59 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.92 | $1.92 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.62 | $2.62 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Guggenheim SMid Cap Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Guggenheim SMid Cap Value Fund was 50.99%, occurring on Mar 9, 2009. Recovery took 278 trading sessions.
The current Guggenheim SMid Cap Value Fund drawdown is 1.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -50.99%Mar 2009 | 1y 7mo | 1y 1mo | 2y 9moJul 2007 - Apr 2010 |
COVID crash2020 | -43.16%Mar 2020 | 1mo 8d | 8mo 16d | 9mo 24dFeb 2020 - Dec 2020 |
Dot-com crash2000–2002 | -36.93%Oct 2002 | 5mo 23d | 10mo 16d | 1y 4moApr 2002 - Aug 2003 |
2025 selloff2025 | -28.86%Apr 2025 | 4mo 13d | 1y 2mo | 1y 6moNov 2024 - Jun 2026 |
2011 bear market2011 | -28.07%Oct 2011 | 5mo 4d | 1y 2mo | 1y 7moMay 2011 - Dec 2012 |
Drawdown Indicators
| SEVAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.99% | -56.78% | +5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.70% | -9.10% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -28.86% | -18.90% | -9.96% |
Max Drawdown (5Y)Largest decline over 5 years | -28.86% | -25.43% | -3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -43.16% | -33.92% | -9.24% |
Current DrawdownCurrent decline from peak | -1.91% | -1.80% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -10.71% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.03% | +0.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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