The Small Cap Blend style ranks ninth out of the ten fund styles detailed in our 4Q25 Style Ratings for ETFs and Mutual Funds report. Last quarter, the Small Cap Blend style ranked tenth. The category receives our Unattractive rating, which is based on aggregate ratings of 54 ETFs and 378 mutual funds in the Small Cap Blend style as of November 3, 2025. See a recap of our 3Q25 Style Ratings here.

Figures 1 and 2 show the five best and worst rated ETFs and mutual funds in the style. Not all Small Cap Blend style ETFs and mutual funds are created equal. The number of holdings varies widely (from 24 to 2,102). This variation creates drastically different investment implications and, therefore, ratings.

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