Exploring the Best and Worst Performing ETFs in February 2024
During February 2024, the VanEck Crypto & Blockchain Innovators UCITS ETF emerged as the best performing ETF, while the Sprott Uranium Miners UCITS ETF Accumulating recorded the least favorable performance. Let’s delve into the details of these ETFs to understand their performance and rankings.
The Top Performer: VanEck Crypto & Blockchain Innovators UCITS ETF
- The VanEck Crypto & Blockchain Innovators UCITS ETF DAPP and iShares Blockchain Technology UCITS ETF BLKC from the Technology Sector Equity category showcased exceptional performance in February 2024.
- MorningStar evaluated ETFs in Global categories, highlighting a significant performance gap between the best and worst performers.
- The VanEck Crypto & Blockchain Innovators UCITS ETF demonstrated an outstanding performance of 29.19% in February, surpassing the category average by a large margin.
- With a remarkable 127.05% gain over the last 12 months, this ETF has consistently outperformed expectations.
- The iShares Blockchain Technology UCITS ETF also delivered strong results, with a return of 24.92% in February and a 96.77% gain over the previous year.
Top Performing ETFs of February 2024
- Invesco CoinShares Global Blockchain UCITS ETF secured the third position with a return of 22.07% in February and a notable performance of 44.52% over the last 12 months.
- The Amundi MSCI Semiconductors ESG Screened UCITS ETF claimed the fourth spot with a return of 15.98% in February and an 82.5% gain in the past year.
- VanEck Defense ETF ranked fifth with a significant gain of 14.57% in February, despite its recent launch in March 2023.
- Amundi MSCI China Tech ESG Screened UCITS ETF secured the sixth position with a return of 12.95% in February, outperforming Chinese Equities on average.
February Disappointments: Worst Performing ETFs
- The Sprott Uranium Miners UCITS ETF Accumulating recorded the worst performance in February with a loss of 10.42%, falling below the category average.
- AuAg ESG Gold Mining UCITS ETF followed closely with a loss of 9.66%, also underperforming its competitors.
- BNP Paribas Easy FTSE EPRA/NAREIT Eurozone Capped ranked third among poorly performing ETFs, recording an 8.74% loss in February.
- BNP Paribas Easy FTSE EPRA Nareit Developed Europe ex UK Green CTB claimed fourth place with an 8.25% loss in February.
- Global X Uranium UCITS ETF closed the list with an 8.2% loss in February, despite showing a significant increase of 34.68% over the last year.
Hot Take: Evaluating Performance Trends
As an investor, it is crucial to monitor the performance trends of various ETFs to make informed decisions about your investment portfolio. Understanding which ETFs are outperforming their peers and which ones are struggling can help you optimize your investment strategy for better returns in the long run.
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