Trading Expense Calculator
  1. Enter estimated sum of money you intend to invest
  2. Enter estimated number of round trip trades per year
  3. Enter average period you intend to hold an ETF or a mutual fund (round trip trades multiplied by holding period ≤ 365)
  4. As needed, enter the ETF's assumptions:
    • Transaction cost – enter total commission cost
    • Expense ratio – enter the ETF’s expense ratio as stated in the prospectus
    • Average share price – estimated average price per ETF share
    • Spread – the estimated difference between bid and ask prices (for indication of the spread, check the current trading quote of the ETF)
    As needed, enter the mutual fund assumptions:
    • Estimated transaction/commission cost (if applicable)
    • Expense ratio – enter the mutual fund’s expense ratio as stated in the prospectus

Use this tool to compare the potential costs of using ETFs or no-load mutual funds. (Some mutual funds are sold with a front-end or back-end load. This tool doesn't account for front-end or back-end load. This calculator is appropriate for comparison of ETFs and no-load mutual funds.)

* Required field

1. Estimated Total Dollar Amount (per transaction) *
2. Number of Round Trip Trades/Individual Trades (per year) *
3. Average Holding Period (in days) *
4. ETF and Mutual Fund Assumptions:    
ETF Mutual Fund
Holding Period: 365 Days  
Estimated Transaction/Commission Cost * $    
Estimated Average Annual ETF Expense Ratio * %
Estimated Average Share Price * $    
Estimated Trading Price Spread * $    
Holding Period: 365 Days  
Estimated Transaction/Commission Cost $    
Estimated Average Annual Mutual Fund Expense Ratio * %
Total Estimated ETF Expenses :  
Total Estimated Mutual Fund Expenses :  


For more complete information regarding any Guggenheim Investments funds, please call 800.820.0888 for a prospectus. Investors should consider the investment objectives, risks, charges and expenses of a fund carefully before investing. The fund's prospectus contains this and other information about the fund. Please read the prospectus carefully before you invest or send money.

Leveraged and inverse funds are not suitable for all investors. •These funds should be utilized only by investors who (a) understand the risks associated with the use of leverage, (b) understand the consequences of seeking daily leveraged investment results, (c) understand the risk of shorting, and (d) intend to actively monitor and manage their investments. •The more a fund invests in leveraged instruments, the more the leverage will magnify any gains or losses on those investments. •Inverse funds involve certain risks, which include increased volatility due to the funds’ possible use of short sales of securities and derivatives, such as options and futures. •The funds’ use of derivatives, such as futures, options and swap agreements, may expose the funds’ shareholders to additional risks that they would not be subject to if they invested directly in the securities underlying those derivatives. •Short-selling involves increased risks and costs. You risk paying more for a security than you received from its sale. •Leveraged and inverse funds seek to provide investment results that match the performance of a specific benchmark, before fees and expenses, on a daily basis. Because the funds seek to track the performance of their benchmark on a daily basis, mathematical compounding, especially with respect to those funds that use leverage as part of their investment strategy, may prevent a fund from correlating with the monthly, quarterly, annual or other period performance of its benchmark. Due to the compounding of daily returns, leveraged and inverse funds’ returns over periods other than one day will likely differ in amount and possibly direction from the benchmark return for the same period. For those funds that consistently apply leverage, the value of the fund’s shares will tend to increase or decrease more than the value of any increase or decrease in its benchmark index. The funds rebalance their portfolios on a daily basis, increasing exposure in response to that day’s gains or reducing exposure in response to that day’s losses. Daily rebalancing will impair a fund’s performance if the benchmark experiences volatility. Investors should monitor their leveraged and inverse funds’ holdings consistent with their strategies, as frequently as daily. •For more on these and other risks, please read the prospectus.

The above calculator is hypothetical and provided for illustrative purposes only. It is not intended as, and should not be construed as, investment advice or as a recommendation of any specific security or strategy. Guggenheim Investments cannot and does not guarantee the accuracy, adequacy or completeness of the above information or its applicability to an individual’s particular circumstances. Guggenheim Investments is not responsible for any errors or omissions or for the results obtained from the use of this information. The calculator is not meant to represent any Guggenheim Investments products or depict or predict performance of any investment.

There are many differences between ETFs and mutual funds. Consult your financial advisor to find out which product is appropriate for your investment goals. ETFs are subject to risks and may or may not be suitable for all investors. Shares can be bought and sold through a broker and the selling shareholder may have to pay brokerage commissions in connection with the sale. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Shares may only be redeemed directly from the fund by Authorized Participants via Creation Units. There can be no assurance that an active trading market for the shares will develop or be maintained, and shares may trade at, above, or below their net asset value (NAV).

This does not take into account tax implications. Please discuss with a tax professional to evaluate a specific portfolio allocation or investment strategy.

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.