SMOG vs. BRAZ ETF Comparison

Comparison of VanEck Vectors Low Carbon Energy ETF (SMOG) to Global X Brazil Active ETF (BRAZ)

SMOG

VanEck Vectors Low Carbon Energy ETF

SMOG Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global IndexSM (Extra Liquid). The fund normally invests at least 80% of its total assets in stocks of low carbon energy companies. Such companies may include small- and medium-capitalization companies and foreign issuers. "Low carbon energy companies" refers to companies primarily engaged in alternative energy, including renewable energy, alternative fuels and related enabling technologies (such as advanced batteries). It is non-diversified.

Grade (RS Rating)

Last Trade

$100.16

Average Daily Volume

2,540

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BRAZ

Global X Brazil Active ETF

BRAZ Description

The fund is an actively managed exchange traded fund ("ETF") advised by Global X Management Company LLC (the "Adviser") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities: (i) of issuers domiciled in Brazil; and/or (ii) that are tied economically to Brazil. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.76

Average Daily Volume

286

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMOG	BRAZ
30 Days	-3.83%	-4.49%
60 Days	-6.68%	-7.27%
90 Days	-3.18%	-11.69%
12 Months	-1.55%	-16.18%

2 Overlapping Holdings

	Symbol	Grade	Weight in SMOG	Weight in BRAZ	Overlap
	EBR	F	2.06%	3.34%	2.06%
	ELP	F	0.41%	1.94%	0.41%

SMOG Overweight 24 Positions Relative to BRAZ

Symbol	Grade	Weight
TSLA	B	11.5%
NEE	C	7.6%
FSLR	F	4.05%
LI	F	3.8%
OC	A	3.52%
XPEV	C	2.18%
RIVN	F	2.14%
ENPH	F	1.81%
NIO	F	1.66%
IBP	D	1.06%
ORA	B	0.84%
CIG	C	0.82%
ENS	F	0.8%
LCID	F	0.67%
TAC	A	0.6%
HASI	D	0.54%
BE	B	0.5%
QS	F	0.46%
RUN	F	0.41%
PLUG	F	0.36%
AY	A	0.34%
DQ	F	0.29%
JKS	F	0.2%
SEDG	F	0.17%

SMOG Underweight 10 Positions Relative to BRAZ

Symbol	Grade	Weight
PBR	D	-10.24%
NU	C	-9.62%
ITUB	F	-8.52%
VALE	F	-6.86%
BBD	D	-4.91%
ASAI	F	-3.75%
SUZ	B	-2.8%
ARCO	F	-2.09%
ABEV	F	-1.89%
MELI	C	-1.22%