How to Decide Which ETFs Are Best for You

With so many new exchange-traded funds hitting the market, it's becoming tougher to compare them.

A small group of Web sites with screening tools and educational resources are vying to become the go-to site for investors. To date, none offers true one-stop shopping. Still, when used together, they can help you decide which ETFs are best for your portfolio.

ETFguide, an independent online resource, launched a redesign of its Web site Monday with a bigger focus on education along with two new proprietary functions that classify funds and let investors screen for funds that meet specific criteria.

The expanded education section compares ETFs to individual stocks, mutual funds and closed-end funds as well as describing advanced strategies in a simple, easy-to-understand format. There's also a subscription-based area with six model ETF portfolios. And ETFguide produces original articles on industry developments, including the launch of new ETFs. One of its unique features is a quarterly survey of expense ratios. ...