SMOG vs. IBAT ETF Comparison

Comparison of VanEck Vectors Low Carbon Energy ETF (SMOG) to iShares Energy Storage & Materials ETF (IBAT)

SMOG

VanEck Vectors Low Carbon Energy ETF

SMOG Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global IndexSM (Extra Liquid). The fund normally invests at least 80% of its total assets in stocks of low carbon energy companies. Such companies may include small- and medium-capitalization companies and foreign issuers. "Low carbon energy companies" refers to companies primarily engaged in alternative energy, including renewable energy, alternative fuels and related enabling technologies (such as advanced batteries). It is non-diversified.

Grade (RS Rating)

Last Trade

$104.36

Average Daily Volume

2,640

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IBAT

iShares Energy Storage & Materials ETF

IBAT Description

The index measures the performance of equity securities of companies involved in energy storage solutions aiming to support the transition to a low carbon economy, including hydrogen, fuel cells, and batteries as determined by STOXX Ltd. The fund generally will invest at least 90% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.41

Average Daily Volume

702

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMOG	IBAT
30 Days	8.46%	1.74%
60 Days	6.58%	-3.28%
90 Days	5.83%
12 Months	-9.19%

5 Overlapping Holdings

Symbol	Grade	Weight in SMOG	Weight in IBAT	Overlap
BE	B	0.54%	1.75%	0.54%
ENS	B	0.81%	2.39%	0.81%
PLUG	D	0.38%	0.94%	0.38%
QS	D	0.45%	1.02%	0.45%
SEDG	F	0.55%	1.49%	0.55%

SMOG Overweight 24 Positions Relative to IBAT

Symbol	Grade	Weight
NEE	A	10.42%
TSLA	D	7.56%
FSLR	A	4.52%
ENPH	B	3.01%
OC	B	2.9%
LI	F	2.73%
RIVN	D	1.54%
NIO	D	1.41%
XPEV	D	1.3%
EBR	F	0.96%
BMI	B	0.92%
IBP	D	0.89%
CIG	C	0.7%
ORA	B	0.69%
LCID	D	0.61%
HASI	B	0.56%
ELP	F	0.41%
TAC	D	0.39%
RUN	C	0.37%
AY	C	0.37%
ARRY	D	0.33%
DQ	F	0.3%
JKS	C	0.21%
CSIQ	D	0.18%

SMOG Underweight 11 Positions Relative to IBAT

Symbol	Grade	Weight
APD	B	-6.53%
ETN	B	-3.54%
LIN	D	-2.98%
ABBV	F	-2.29%
DOW	B	-1.05%
ENVX	C	-0.77%
FLNC	B	-0.72%
ENTG	D	-0.52%
BLDP	C	-0.44%
CHPT	D	-0.38%
BLNK	D	-0.12%