5 ETFs Up More Than 35% in the First Nine Months

Wall Street has been enjoying a strong rally this year, defying slowdown fears. The S&P 500 and the Dow Jones hit a series of new all-time highs and topped 5,700 and 42,000 milestones, respectively, for the first time last week. The Nasdaq Composite Index is hovering near the 18,000 level. Most of the optimism is driven by rate cuts.

The winners are broad-based across sectors, building up massive gains this year. We have presented a bunch of top-performing ETFs from various corners of the market that have gained more than 35% in the first nine months of 2024. These are Reaves Utilities ETF (UTES Quick QuoteUTES - Free Report) , Themes Gold Miners ETF (AUMI Quick QuoteAUMI - Free Report) , Roundhill Magnificent Seven ETF (MAGS Quick QuoteMAGS - Free Report) , Invesco S&P 500 Momentum ETF (SPMO Quick QuoteSPMO - Free Report) and VanEck Vectors Semiconductor ETF (SMH Quick QuoteSMH - Free Report) . These funds could also be winners in the remainder of 2024 if the current trends continue.

1. Reaves Utilities ETF (UTES) – Up 43.9%

Reaves Utilities ETF is the only actively managed ETF focused on providing returns through a mix of capital appreciation and income, primarily by investing in utility stocks. The fund holds 20 stocks, with a significant portion of assets concentrated in its top three holdings.

UTES has $170 million in assets under management (AUM) and an average daily trading volume of 33,000 shares. The ETF charges an annual fee of 49 basis points (bps).

2. Themes Gold Miners ETF (AUMI) – Up 40.3%

Themes Gold Miners ETF aims to track the Solactive Global Pure Gold Miners Index, which includes the 30 largest companies by market capitalization that generate revenue from gold mining. The ETF holds 29 stocks, with Canadian companies making up 51.4% of the portfolio, followed by Australian firms at 29.6%.
Themes Gold Miners ETF has accumulated $2.3 million in its asset base while trading in an average daily volume of 1,000 shares. It charges 35 bps in fees per year.

3. Roundhill Magnificent Seven ETF (MAGS Quick QuoteMAGS - Free Report) – Up 40.1%

Roundhill Magnificent Seven ETF is the first-ever ETF that offers investors equal-weight exposure to the “Magnificent Seven” stocks. It has amassed $749.7 million in its asset base and charges 29 bps in fees per year. MAGS trades in an average daily volume of 672,000 shares (read: 5 Tech ETFs at the Forefront of the Fed-Induced Rally).

4. Invesco S&P 500 Momentum ETF (SPMO) – Up 39.2%

The Invesco S&P 500 Momentum ETF tracks the S&P 500 Momentum Index, which focuses on stocks within the S&P 500 that have strong momentum scores. This fund comprises 119 stocks and charges an annual fee of 13 basis points. Financials make up the largest sector allocation at 23.5%, followed by information technology, consumer discretionary, and healthcare.

With an AUM of $2.4 billion, the Invesco S&P 500 Momentum ETF averages a daily trading volume of 1 million shares.

5. VanEck Vectors Semiconductor ETF (SMH) – Up 36.6%

The VanEck Vectors Semiconductor ETF provides exposure to companies involved in the semiconductor industry, tracking the MVIS US Listed Semiconductor 25 Index, which includes the largest and most liquid semiconductor firms based on market cap and trading volume. The ETF holds a basket of 26 stocks.

It boasts assets worth $22.8 billion and charges a 35 bps fee. The fund sees an average daily trading volume of 9.3 million shares and has earned a Zacks ETF Rank #1 (Strong Buy).

When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.