The Small Cap Growth style ranks last out of the twelve fund styles as detailed in our 4Q22 Style Ratings for ETFs and Mutual Funds report. Last quarter, the Small Cap Growth style ranked last as well. The category receives our Very Unattractive rating, which is based on an aggregation of ratings of 24 ETFs and 501 mutual funds in the Small Cap Growth style as of October 19, 2022. See a recap of our 3Q22 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 26 to 3,635). This variation creates drastically different investment implications and, therefore, ratings.