SMOG vs. ETEC ETF Comparison

Comparison of VanEck Vectors Low Carbon Energy ETF (SMOG) to iShares Breakthrough Environmental Solutions ETF (ETEC)

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

$100.62

Average Daily Volume

2,582

Number of Holdings ^*

26

* may have additional holdings in another (foreign) market

ETEC

iShares Breakthrough Environmental Solutions ETF

ETEC Description

ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$19.80

Average Daily Volume

521

Number of Holdings ^*

11

* may have additional holdings in another (foreign) market

Performance

Period	SMOG	ETEC
30 Days	-2.70%	-3.23%
60 Days	-7.20%	-7.26%
90 Days	-2.74%	-3.37%
12 Months	-1.10%	-6.86%

8 Overlapping Holdings

	Symbol	Grade	Weight in SMOG	Weight in ETEC	Overlap
	ENPH	F	1.81%	2.31%	1.81%
	FSLR	F	4.05%	3.26%	3.26%
	LCID	F	0.67%	1.14%	0.67%
	LI	F	3.8%	3.41%	3.41%
	NIO	F	1.66%	2.46%	1.66%
	SEDG	F	0.17%	0.6%	0.17%
	TSLA	B	11.5%	5.97%	5.97%
	XPEV	C	2.18%	4.28%	2.18%

SMOG Overweight 18 Positions Relative to ETEC

	Symbol	Grade	Weight
	NEE	D	7.6%
	OC	A	3.52%
	RIVN	F	2.14%
	EBR	F	2.06%
	IBP	D	1.06%
	ORA	B	0.84%
	CIG	C	0.82%
	ENS	D	0.8%
	TAC	B	0.6%
	HASI	D	0.54%
	BE	B	0.5%
	QS	F	0.46%
	RUN	F	0.41%
	ELP	F	0.41%
	PLUG	F	0.36%
	AY	B	0.34%
	DQ	F	0.29%
	JKS	F	0.2%

SMOG Underweight 3 Positions Relative to ETEC

	Symbol	Grade	Weight
	BWA	D	-6.35%
	OLED	D	-4.92%
	XYL	D	-2.69%

SMOG: Top Represented Industries & Keywords

Industries: Auto Manufacturers Solar Utilities - Independent Power Producers Utilities - Regulated Electric Building Materials Electronic Components Semiconductor Equipment & Materials Utilities - Diversified Auto Parts REIT - Diversified

Keywords: Electricity Electric Vehicle Solar Power Transport Cars Photovoltaics Nasdaq 100 Natural Gas Renewable Energy S&P 500 Alternative Energy Energy Conversion Motor Vehicles Photovoltaic System Power Systems Automotive Manufacturers Batteries Building Insulation Materials Building Materials Electric Energy

ETEC: Top Represented Industries & Keywords

Industries: Auto Manufacturers Semiconductor Equipment & Materials Solar Auto Parts Diversified Industrials

Keywords: Electric Vehicle S&P 500 Transport Cars Motor Vehicles Nasdaq 100 Photovoltaic System Photovoltaics Automotive Manufacturers Electromagnetism Inverter Systems Inverters Power Systems Powertrain Renewable Energy Solar Panel Solar Power Solar Power Systems Sport Utility Vehicle Actuator