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Product Characteristics
ETF OVERVIEW |
ETF Overview PDF |
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ETFs vs. Mutual Funds |
Attribute |
Exchange Traded
Fund |
Index Mutual
Fund |
| Diversification |
varies |
varies |
| Continuous pricing |
X |
|
| Track the securities of a particular index |
X |
X |
| Can be sold short |
X |
|
| Can be bought on margin |
X |
|
| Can use limit and stop orders |
X |
|
| Trading costs for each transaction |
X |
varies |
| Transparency |
X |
varies |
| Lower expense ratios |
X |
varies |

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ETFs are subject to risks similar to those of stocks and may not be suitable for
all investors. Investment returns and principal value will fluctuate so that when
shares are redeemed, they may be worth more or less than original cost.
Securities are not guaranteed by any bank, are not insured by the FDIC or any
other agency, and involve investment risks, including the possible loss of the principal
amount invested.
RydexShares are distributed by Rydex Distributors, Inc., an affiliate of Rydex Investments.
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