IELG “may also be a compelling multifactor option for risk-averse investors. IELG will likely offer lower long-term returns than LRGF because of its targeted volatility reduction and exclusion of the momentum factor,” adds Morningstar.

The ETF charges 0.18% per year, or $18 for every $10,000, which is reasonable among smart beta ETFs.

iShares Enhanced U.S. Large-Cap ETF