The Small Cap Value style ranks seventh out of the twelve fund styles as detailed in our 1Q20 Style Ratings for ETFs and Mutual Funds report. Last quarter, the Small Cap Value style ranked tenth. It gets our Neutral rating, which is based on an aggregation of ratings of 19 ETFs and 197 mutual funds in the Small Cap Value style as of January 27, 2020. See a recap of our 4Q19 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 Value style ETFs and mutual funds are created the same. The number of holdings varies widely (from 28 to 1495). This variation creates drastically different investment implications and, therefore, ratings.