And The 2017 ETF.com Awards Winners Are …

March 22, 2018

Most Innovative New ETF: USCF SummerHaven SHPEI Index Fund (BUY)/USCF SummerHaven SHPEN Index Fund (BUYN)

Awarded to the most groundbreaking and disruptive ETF launched in 2017. This is an ETF that is pushing the envelope in terms of what kinds of exposures can be packaged into an ETF.

The winners of the Most Innovative New ETF Award for 2017, BUY and BUYN, are two ETFs that aim to provide investors with private-equitylike exposure at a reasonable cost. Importantly, neither ETF actually invests in private equity funds or the equity of private companies. There are already several ETFs that hold shares of publicly traded private equity firms but none that attempt to buy shares of public companies that possess characteristics similar to those that private equity firms typically invest in. Those characteristics include low EV/EBITDA ratios; low net equity issuance; low market cap; and moderate profitability. BUY touches on all industries, while BUYN focuses on the natural resources industry.

Finalists included:

  • GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB)
  • Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB)
  • Republican Policies Fund/Democratic Policies Fund (GOP/DEMS)
  • VanEck Vectors Green Bond ETF (GRNB)
  • QuantX Dynamic Beta US Equity ETF (XUSA)

 

Best New U.S. Equity ETF: USCF SummerHaven SHPEI Index Fund (BUY)/USCF SummerHaven SHPEN Index Fund (BUYN) and Schwab 1000 Index ETF (SCHK)

Awarded to the most important U.S. equity ETF launched in 2017.

The awards committee couldn’t decide which new U.S. equity ETF was the best of 2017, resulting in a rare tie between two (or three, depending how you count it) funds. The winners couldn’t be any more different. BUY and BUYN aim to deliver private-equitylike exposure at a cost that’s cheaper than typical private equity investments. In contrast, SCHK is a vanilla fund that simply holds 1,000 of the largest and most liquid U.S. stocks, a combination of large-caps and midcaps. Where SCHK shines is its extraordinarily low expense ratio, making it one of the cheapest funds in the ETF universe.

Finalists included:

  • Republican Policies Fund/Democratic Policies Fund (GOP/DEMS)
  • Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW)
  • Oppenheimer Russell 1000 Dynamic Multifactor ETF (OMFL)
  • PowerShares PureBeta MSCI USA Portfolio (PBUS)

 

Best New International/Global Equity ETF: iShares Core MSCI International Developed Markets ETF (IDEV)

Awarded to the most important international or global equity ETF launched in 2017. Having come to market last March, the addition to iShares’ Core lineup has already grown to more than $915 million in total assets in less than 12 months. IDEV’s broad appeal as a one-stop-shop portfolio of all developed-market equities ex-U.S. for only 0.07% in fees is evident. Consider that some of its well-established competition has a massive following, such as the Vanguard FTSE Developed Markets ETF (VEA), with $72 billion in total assets. Like its competitors, IDEV is a vanilla, massive portfolio of almost 1,300 securities covering about 99% of developed-market ex.-U.S. market cap. It’s a simple and effective single-ticker solution to a vast universe of equities.

Finalists included:

  • Arrow DWA Country Rotation ETF (DWCR)
  • Davis Select Worldwide ETF (DWLD)
  • Principal Active Global Dividend Income ETF (GDVD)
  • PowerShares PureBeta FTSE Developed ex-North America Portfolio (PBDM)
  • PowerShares PureBeta FTSE Emerging Markets Portfolio (PBEE)

 

Best New U.S. Fixed-Income ETF: PowerShares Treasury Collateral Portfolio (CLTL)

Awarded to the most important fixed-income ETF launched in 2017.

CLTL tracks an index of ultra-short-term U.S. Treasury debt that provides the fund with a high level of underlying liquidity. In fact, the ETF’s liquidity is so deep it offers same-day settlement and delivery creation/redemption services—and all at the price of just 0.08%. The fund is designed for institutional usage or other large investors looking for a collateral or liquidity-management vehicle.

Finalists included:

  • Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB)
  • NuShares ESG U.S. Aggregate Bond ETF (NUBD)
  • Global X U.S. Preferred ETF (PFFD)
  • Vanguard Total Corporate Bond ETF (VTC)

 

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