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These 3 ETFs Are Top Options in Their Categories

We highlight three exchange-traded funds that are best-of-breed, and one that falls short relative to peers.

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Our new Morningstar Analyst Rating for exchange-traded funds helps investors more easily compare mutual funds with ETFs to find the investment that best fits their needs. 

As Morningstar director of global ETF research Ben Johnson explained in a recent video, investors have increasingly become "vehicle-agnostic" as their opportunity set has expanded. This means that investors in search of a specific type of fund are probably not looking strictly at active strategies or passive ones--likely, they are considering both types, and selecting the fund that works best in the context of their portfolio.

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Karen Wallace does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.