In this article, we will take a look at the 5 weirdest, unusual ETFs you can buy. To see more such ETFs, go directly to 10 Weirdest, Unusual ETFs You Can Buy.
5. Inverse Cramer ETF (NYSE:SJIM)
Inverse Cramer ETF (NYSE:SJIM) is one of the weirdest and unusual ETFs you’d find out there. Inverse Cramer ETF (NYSE:SJIM) simply inverses whatever Jim Cramer does in the investing world. Inverse Cramer ETF (NYSE:SJIM) says it seeks to provide investment results that are “approximately the opposite of, before fees and expenses, the results of the” stocks recommended by Jim Cramer. YTD Inverse Cramer ETF (NYSE:SJIM) is down over 4% through September 13.
Inverse Cramer ETF (NYSE:SJIM)’s holdings include PayPal, which Cramer recently turned bearish on. Inverse Cramer ETF (NYSE:SJIM) is short Tesla, Inc. (NASDAQ:TSLA) and Walmart Inc. (NYSE:WMT), which Inverse Cramer ETF (NYSE:SJIM) is bullish on.
4. The Meet Kevin Pricing Power ETF (NYSE:PP)
Meet Kevin is a famous YouTube channel with over 1.8 million subscribers run by Kevin Paffrath, who calls himself a licensed financial advisor an active ETF manager. The Meet Kevin Pricing Power ETF (NYSE:PP) seeks long term capital appreciation and invests in innovative companies trading in the US.
“The Meet Kevin Pricing Power ETF (NYSE:PP) categorizes an “Innovative Company” as a company to be involved in the development of new products or services, technological advancements, consumer engagement and/or disruptive approaches with respect to business growth that the Sub-Adviser expects to have a significant impact on the market or industry in which the company operates.”
Among the top holdings of The Meet Kevin Pricing Power ETF (NYSE:PP) are NVIDIA Corporation (NASDAQ:NVDA), Tesla, Inc. (NASDAQ:TSLA) and Enphase Energy, Inc. (NASDAQ:ENPH).
3. Global X S&P Catholic Values Developed ex-U.S. ETF (NASDAQ:CEFA)
As its name suggests, Global X S&P Catholic Values Developed ex-U.S. ETF (NASDAQ:CEFA) gives exposure to the companies whose values are consistent with catholic beliefs. Global X S&P Catholic Values Developed ex-U.S. ETF (NASDAQ:CEFA) avoids companies involved in activities “inconsistent with Catholic values as set out by the U.S. Conference of Catholic Bishops.”
Among the top four holdings of Global X S&P Catholic Values Developed ex-U.S. ETF (NASDAQ:CEFA) include Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA) and Tesla, Inc. (NASDAQ:TSLA).
2. AdvisorShares Vice ETF (NYSE:VICE)
AdvisorShares Vice ETF (NYSE:VICE)’s motto is simple: invest in vices that people love. AdvisorShares Vice ETF (NYSE:VICE) believes in the “virtues” of vice and gives exposure to companies that sell products or services that people find pleasure in, “regardless of economic conditions.” AdvisorShares Vice ETF (NYSE:VICE) invests in companies that are operating in industries often categorized as sin or vice industries, including tobacco, gaming, food, hospitality and entertainment.
Among the biggest holdings of AdvisorShares Vice ETF (NYSE:VICE) include Turning Point Brands, Inc. (NYSE:TPB), MGM Resorts International (NYSE:MGM) and Boyd Gaming Corporation (NYSE:BYD).
MGM Resorts International (NYSE:MGM) is also popular among the hedge funds tracked by Insider Monkey. 50 hedge funds reported owning stakes in the gambling company as of the end of the June quarter. The company’s EPS in the second quarter came in at $0.59 beating estimates by $0.07. Revenue in the period jumped 21% year over year to $3.94 billion, beating estimates by $140 million.
1. Wahed FTSE USA Shariah ETF (NASDAQ:HLAL)
Though not weird, Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) is unusual in the sense that its main objectives are to invest in companies with characteristics that meet the requirements of Islamic Shariah and are “consistent with Islamic principles as interpreted by subject-matter experts.” Another unusual thing about Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) is that you’d expect to see different, uncommon companies among its holdings but its top holdings are US-based giants like Apple Inc. (NASDAQ:AAPL), Tesla, Inc. (NASDAQ:TSLA) and Microsoft Corporation (NASDAQ:MSFT).
Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) seeks to track the total return performance, before fees and expenses, of the FTSE Shariah USA Index (the “Index”).
You can also take a peek at 10 Best Blockchain and Bitcoin ETFs and 10 Small Cap Growth ETFs.
