The Small Cap Growth style ranks last out of the twelve fund styles as detailed in our 3Q20 Style Ratings for ETFs and Mutual Funds report. Last quarter, the Small Cap Growth style ranked last as well. It gets our Very Unattractive rating, which is based on an aggregation of ratings of 19 ETFs and 544 mutual funds in the Small Cap Growth style as of July 23, 2020. See a recap of our 2Q20 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 28 to 3213). This variation creates drastically different investment implications and, therefore, ratings.