VanEck Low Carbon Energy ETF (SMOG) is a clean-energy ETF. As of October 9, 2026, ETF Copilot scores SMOG 2.5 out of 10 — highest on Value (6.4), lowest on Growth (0.3). It trades at 21.6 times earnings, against its own median of 21.3. Its ten largest holdings are 58% of the fund.
What stands out in SMOG's data
A focused strategy in clean energy, targeting low-carbon innovation.
Profitability sits in line with the category — the fund's edge is its theme, not its returns on capital.
Return on equity of 3.3% matches the category median of 3.3%, and its EBITDA multiple of 9.7x is below average. Growth estimate of 7.2% points to expansion ahead.
A thematic sleeve that adds targeted exposure to clean-energy innovation.
Why did SMOG move this week? It rose 0.8% in the week to October 9, 2026 — Samsung SDI and Tesla drove it
SMOG rose 0.8% in the week to October 9, 2026. The holdings that moved it most were Samsung SDI (+8.0%), Tesla (+3.3%) and LG Energy Solution (+8.5%); Vestas Wind Systems (−5.5%) pushed the other way.
How is SMOG rated? ETF Copilot scores VanEck Low Carbon Energy ETF (SMOG) 2.5 out of 10
As of October 9, 2026, ETF Copilot scores VanEck Low Carbon Energy ETF (SMOG) 2.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 2.5 / 10
- Growth: 0.3 / 10
- Value: 6.4 / 10
- Risk: 1.7 / 10
- Quality: 1.5 / 10
- Return: 3.3 / 10
Is SMOG expensive right now? It trades at 21.6 times earnings, against its own median of 21.3
As of October 9, 2026, SMOG is more expensive than 55% of its own 93 monthly readings since 2019 — 51 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside SMOG?
What's inside SMOG: Size (Large 55%, Mid 37%, Small 9%); Geography (International 65%, US 35%); Tech 7.3%; Magnificent 7 8.5%; Memory 4.6%.
What are SMOG's top holdings? The ten largest are 58% of the fund
Tesla, Iberdrola, NextEra Energy, Bloom Energy, Enel SPA, BYD, Samsung SDI, Vestas Wind Systems A/S, Axia Energia and Kingspan are SMOG's largest holdings, in that order.
More concentrated than 53% of Clean Energy ETFs.
Half of SMOG's weight sits in its 8 largest positions, and once those weights are taken into account it behaves like 24 equally weighted holdings.
What is SMOG's expense ratio? 0.64% a year
As of October 9, 2026, SMOG charges 0.64% a year, yields 1.49% and holds $129M in assets across 56 positions.
| Measure | SMOG |
|---|---|
| Expense ratio | 0.64% |
| Dividend yield | 1.49% |
| Assets under management | $129M |
| Holdings | 56 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “VanEck Low Carbon Energy ETF (SMOG) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/smog
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