The Small Cap Growth style ranks last out of the twelve fund styles as detailed in our 1Q19 Style Ratings for ETFs and Mutual Funds report. Last quarter, the Small Cap Growth style also ranked last. It gets our Very Unattractive rating, which is based on an aggregation of ratings of 14 ETFs and 404 mutual funds in the Small Cap Growth style as of January 28, 2019. See a recap of our 4Q18 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 Growth style ETFs and mutual funds are created the same. The number of holdings varies widely (from 8 to 2537). This variation creates drastically different investment implications and, therefore, ratings.