SMOG vs. PBD ETF Comparison

Comparison of VanEck Vectors Low Carbon Energy ETF (SMOG) to PowerShares Global Clean Energy Portfolio (PBD)

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

$110.67

Average Daily Volume

2,051

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PBD

PowerShares Global Clean Energy Portfolio

PBD Description

The PowerShares Global Clean Energy Portfolio (Fund) is based on the WilderHill New Energy Global Innovation Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index seeks to deliver capital appreciation and is composed of companies that focus on greener and generally renewable sources of energy and technologies facilitating cleaner energy. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$13.87

Average Daily Volume

30,591

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMOG	PBD
30 Days	8.07%	6.77%
60 Days	14.24%	9.53%
90 Days	8.71%	1.11%
12 Months	13.67%	-1.23%

14 Overlapping Holdings

Symbol	Grade	Weight in SMOG	Weight in PBD	Overlap
BE	F	0.35%	0.76%	0.35%
ENPH	F	2.89%	0.84%	0.84%
FSLR	C	4.74%	0.95%	0.95%
HASI	B	0.59%	0.94%	0.59%
JKS	C	0.18%	1.03%	0.18%
LCID	F	0.79%	0.96%	0.79%
NIO	C	1.94%	1.45%	1.45%
ORA	C	0.73%	0.9%	0.73%
PLUG	D	0.34%	0.92%	0.34%
QS	F	0.49%	0.88%	0.49%
RIVN	F	2.07%	0.72%	0.72%
RUN	D	0.62%	0.81%	0.62%
SEDG	F	0.25%	0.81%	0.25%
XPEV	C	1.8%	1.58%	1.58%

SMOG Overweight 12 Positions Relative to PBD

Symbol	Grade	Weight
TSLA	C	8.4%
NEE	C	7.54%
LI	C	3.88%
OC	C	2.8%
EBR	F	2.18%
IBP	C	1.12%
ENS	B	0.75%
CIG	C	0.74%
TAC	A	0.54%
ELP	F	0.42%
AY	C	0.3%
DQ	C	0.24%

SMOG Underweight 20 Positions Relative to PBD

Symbol	Grade	Weight
EOSE	B	-1.19%
AMRC	C	-1.17%
NOVA	F	-1.05%
TPIC	C	-1.0%
HUBB	A	-0.96%
SQM	D	-0.96%
CSIQ	D	-0.94%
ITRI	C	-0.94%
OLED	B	-0.93%
SHLS	F	-0.93%
RENB	F	-0.93%
ARRY	F	-0.88%
BLBD	D	-0.84%
DAR	F	-0.79%
ATKR	F	-0.78%
CNM	F	-0.76%
FCEL	F	-0.73%
ACHR	F	-0.7%
CHPT	F	-0.66%
WOLF	F	-0.66%