Beware of smart beta ETFs. 9.75 year review. After taking into account fees and dividends, they kind of suck.

For those that do not know, smart beta etfs were sold as a way to take etfs, like the S&P 500 and weight them using “smart factors” instead of market cap to increase your returns. In January 2017, I invested ~$350 in several “smart beta” ETFs including RPV (S&P value weighted), RSP (S&P equal weighted), QUAL (S&P quality weighted), and MUTM (S&P momentum) with dividends reinvested. I also invested in SPY as a control group. I chose these because they had the most hype in 2017

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