Best ETFs for April 2024 (2024)

Exchange-traded funds (ETFs)offer a way for investors to diversify their portfolio across different asset classes through a single investment product that can be bought and sold on an exchange like a stock. Top ETFs typically have a large asset base and lower operating costs. Investors can also use ETFs to mitigate investment risks and gauge the performance of an index, sector, or industry to make more informed investment decisions.

Key Takeaways

  • Leading ETFs offer investors an opportunity to broadly diversify their holdings through a single investment with a low expense ratio and/or higher returns compared to competitors.
  • We screened for the equity, bond, fixed income, commodities, and currency ETFs providing the highest one-month total returns.
  • These funds include CRPT, FCVT, EMHY, DBA, and UUP.

Below, we outline the top equity, bond, fixed income,commodities, and currency ETFs that generated the highest returns over the last month. We have excluded leveraged and inverse ETFs, as well as funds with less than $50 million inassets under management (AUM). All data are current as of March 25, 2024.

  • One-month performance: 50.7%
  • Expense ratio: 0.85%
  • Annual dividend yield: N/A
  • 30-day average daily volume: 84,147
  • AUM: $56.1 million
  • Inception date: Sept. 20, 2021
  • Issuer: First Trust

CRPT is an actively managed ETF targeting companies in the cryptocurrency industry and broader digital economy space. It invests at least 50% of its net assets in crypto industry firms. About 61% of the fund's assets are invested in software companies, with the capital markets industry representing the majority of the remaining investments.

Nearly half of CRPT's assets are allocated to class A shares of Coinbase Global Inc. (COIN) and class A shares of MicroStrategy Inc. (MSTR), a cryptocurrency exchange operator and a business intelligence and cloud infrastructure company, respectively. Digital asset and blockchain company Galaxy Digital Holdings Ltd. (GLXY) represents the third-largest position in the portfolio.

Bond ETF with the Best 1-Month Return: First Trust SSI Strategic Convertible Securities ETF (FCVT)

  • One-month performance: 3.68%
  • Expense ratio: 0.95%
  • Annual dividend yield: 1.73%
  • 30-day average daily volume: 34,445
  • AUM: $82.9 million
  • Inception date: Nov. 3, 2015
  • Issuer: First Trust

FCVT is an actively managed fund that focuses on U.S. and non-U.S. convertible securities. More than 90% of the fund's portfolio is made up of convertible bonds, with the remainder of the portfolio made up of mandatory and convertible preferred stock, cash, and equivalents.

The top holdings of FCVT include bonds of media conglomerate Liberty Media Corp. (LSXMA), bank Wells Fargo & Co. (WFC), and cybersecurity firm Palo Alto Networks Inc. (PANW), among others.

Fixed-Income ETF with the Best 1-Month Return: iShares J.P. Morgan EM High Yield Bond ETF (EMHY)

  • One-month performance: 2.75%
  • Expense ratio: 0.50%
  • Annual dividend yield: 6.53%
  • 30-day average daily volume: 49,465
  • AUM: $365.9 million
  • Inception date: April 3, 2012
  • Issuer: BlackRock Inc.

EMHY targets the JP Morgan USD Emerging Markets High Yield Bond Index, providing exposure to U.S. dollar-denominated high yield bonds issued by governments and corporations in emerging market countries. About 13.4% of the fund's portfolio is bonds from Brazil, while 12.5% is bonds from Turkey and 8.6% bonds from Mexico.

The top holdings in the portfolio of EMHY include bonds issued by the government of Argentina, Mexican gas company Petróleos Mexicanos, and the Industrial and Commercial Bank of China, Ltd.

Commodities ETF with the Best 1-Month Return: Invesco DB Agriculture Fund (DBA)

  • One-month performance: 11.2%
  • Expense ratio: 0.93%
  • Annual dividend yield: 4.01%
  • 30-day average daily volume: 468,289
  • AUM: $759.3 million
  • Inception date: Jan. 5, 2007
  • Issuer: Invesco

The Invesco DB Agriculture Fund (DBA) is an agricultural commodities fund structured as a commodity pool, a structure that pools investor assets to invest in commodities futures and options. It targets the DBIQ Diversified Agriculture Index Excess Return and holds a broad range of agricultural and livestock commodities, making it useful as a hedge against inflation.

The top futures holdings of the fund include cocoa, live cattle, and coffee. It also holds the Invesco Government & Agency Portfolio short term trust (AGPXX), various Treasury bills, and other related positions as collateral.

Currency ETF with the Best 1-Month Return: Invesco DB US Dollar Index Bullish Fund (UUP)

  • One-month performance: 0.8%
  • Expense ratio: 0.77%
  • Annual dividend yield: 6.20%
  • 30-day average daily volume: 1,285,881
  • AUM: $331.6 million
  • Inception date: Feb. 20, 2007
  • Issuer: Invesco

UUP is a commodity pool that tracks the Deutsche Bank Long USD Currency Portfolio Index - Excess Return. The fund tracks the performance of the U.S. dollar relative to the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona, and the Swiss franc. The fund decreases in value when this basket of currencies increases, and it increases in value as the dollar appreciates.

The euro represents the largest share of assets at around 58%, followed by the yen at 14% and the pound at 12%.

How We Chose the Best ETFs

We selected the best ETFs across five areas of focus (equities, bonds, fixed-income, commodities, and currencies) utilizing a screener by VettaFi. In each case, we sorted ETFs according to the specified category and ranked them by highest 1-month returns. We then filtered out any ETFs employing a leveraged or inverse strategy as well as any with AUM of under $50 million. Finally, for currencies ETFs, we excluded any funds focused on cryptocurrencies from our screen.

How to Invest in ETFs

Investors can buy and sell shares of ETFs in the same way they make traditional stock trades. Most brokerages provide access to a broad spectrum of ETFs. To begin, simply create and fund a brokerage account, then determine which ETFs you may be interested in purchasing. Follow the steps to initiate a buy through your particular brokerage. In most cases, it's as easy as that.

The Bottom Line

Exchange-traded funds offer investors access to an entire professionally managed portfolio of holdings with a single transaction. Their ability to diversify and simplify a retail investor's investing process is widely regarded. One metric that investors often look to is trailing one-month performance. The top ETFs for equities, bonds, fixed income, commodities, and currencies for April 2024 based on this metric include CRPT, FCVT, EMHY, DBA, and UUP.

The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read ourwarranty and liability disclaimerfor more info.

As of the date this article was written, the author does not own any of the above ETFs.

Correction—April 9, 2024: This article has been corrected to state that the data were current as of March 25, 2024.

Best ETFs for April 2024 (2024)

FAQs

Best ETFs for April 2024? ›

Their high level of diversification across geographies, sectors, styles, credit quality, maturities and market-cap sizes can help investors easily tailor a portfolio to their desired risk tolerance, time horizon and investment objective. Our pick for the best overall Vanguard ETF is Vanguard Total World Stock ETF.

What are the most promising ETFs for 2024? ›

Best ETFs as of April 2024
TickerFund name5-year return
SOXXiShares Semiconductor ETF30.70%
XLKTechnology Select Sector SPDR Fund24.57%
IYWiShares U.S. Technology ETF24.09%
FTECFidelity MSCI Information Technology Index ETF22.79%
1 more row
Mar 29, 2024

What is the best ETF to invest in right now? ›

Invest in stocks, fractional shares, and crypto all in one place.
  • ProShares Bitcoin Strategy ETF (BITO)
  • Invesco QQQ Trust (QQQ)
  • Vanguard Information Technology ETF (VGT)
  • VanEck Semiconductor ETF (SMH)
  • Invesco S&P MidCap Momentum ETF (XMMO)
  • SPDR S&P Homebuilders ETF (XHB)
  • Invesco S&P 500 GARP ETF (SPGP)
Apr 3, 2024

What is the best performing ETF in last 5 years? ›

100 Highest 5 Year ETF Returns
SymbolName5-Year Return
FLJHFranklin FTSE Japan Hedged ETF Franklin FTSE Japan Hedged Fund15.65%
IEOiShares U.S. Oil & Gas Exploration & Production ETF15.59%
DBJPXtrackers MSCI Japan Hedged Equity ETF15.48%
XLGInvesco S&P 500® Top 50 ETF15.35%
93 more rows

Which ETF will grow the most? ›

Best Growth ETFs
  • Invesco QQQ Trust (QQQ).
  • Vanguard Growth ETF (VUG).
  • iShares Russell 1000 Growth ETF (IWF).
  • iShares S&P 500 Growth ETF (IVW).
  • Schwab U.S. Large-Cap Growth ETF (SCHG).
  • SPDR Portfolio S&P 500 Growth ETF (SPYG).
  • iShares Core S&P U.S. Growth ETF (IUSG).

What is the best investment in 2024? ›

11 best investments right now
  • High-yield savings accounts.
  • Certificates of deposit (CDs)
  • Bonds.
  • Money market funds.
  • Mutual funds.
  • Index Funds.
  • Exchange-traded funds.
  • Stocks.
Mar 19, 2024

Which ETF has the best 10 year return? ›

Best Performing ETFs in the Last 10 Years
SymbolName10 Year Total Returns (As of March 31, 2024)
PSIInvesco Semiconductors ETF765.02%
XSDSPDR® S&P Semiconductor ETF610.79%
XLKTechnology Select Sector SPDR® ETF554.92%
IYWiShares US Technology ETF542.45%
6 more rows
Apr 3, 2024

What are the top three ETFs? ›

Top U.S. market-cap index ETFs
Fund (ticker)YTD performanceExpense ratio
Vanguard S&P 500 ETF (VOO)10.4 percent0.03 percent
SPDR S&P 500 ETF Trust (SPY)10.4 percent0.095 percent
iShares Core S&P 500 ETF (IVV)10.4 percent0.03 percent
Invesco QQQ Trust (QQQ)8.6 percent0.20 percent

What is the safest ETF to buy? ›

Funds 1-5
  1. Vanguard S&P 500 ETF (VOO 1.16%) ...
  2. Vanguard High Dividend Yield ETF (VYM 0.62%) ...
  3. Vanguard Real Estate ETF (VNQ 0.94%) ...
  4. iShares Core S&P Total U.S. Stock Market ETF (ITOT 1.24%) ...
  5. Consumer Staples Select Sector SPDR Fund (XLP 0.19%)

What is Vanguard's best performing ETF? ›

Their high level of diversification across geographies, sectors, styles, credit quality, maturities and market-cap sizes can help investors easily tailor a portfolio to their desired risk tolerance, time horizon and investment objective. Our pick for the best overall Vanguard ETF is Vanguard Total World Stock ETF.

Is it wise to invest in VOO? ›

Vanguard S&P 500 ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VOO is a great option for investors seeking exposure to the Style Box - Large Cap Blend segment of the market.

How many different ETFs should I own? ›

Experts agree that for most personal investors, a portfolio comprising 5 to 10 ETFs is perfect in terms of diversification.

Which is better VGT or QQQ? ›

VGT - Performance Comparison. In the year-to-date period, QQQ achieves a 2.41% return, which is significantly higher than VGT's 0.75% return. Over the past 10 years, QQQ has underperformed VGT with an annualized return of 18.15%, while VGT has yielded a comparatively higher 19.85% annualized return.

What is the number one traded ETF? ›

US ETFs that have been traded the most
SymbolVol * PricePrice
QQQ D18.867 B USD425.07 USD
IWM D6.322 B USD198.57 USD
TQQQ D4.038 B USD53.19 USD
HYG D3.341 B USD76.71 USD
39 more rows

Should I put most of my money in ETFs? ›

You expose your portfolio to much higher risk with sector ETFs, so you should use them sparingly, but investing 5% to 10% of your total portfolio assets may be appropriate. If you want to be highly conservative, don't use these at all.

Which is the best mutual fund for 2024? ›

  • NFO of Canara Robeco Multicap Fund.
  • Quant MF.
  • Johnny Depp Case Settlement.
  • HDFC Defence Fund.
  • Consumption fund.
  • mutual funds Investment 2023.
  • Mutual funds investment.
  • small cap funds.
2 days ago

What is the best ETF for long term growth? ›

Top Diversified ETFs For The Long Haul
NameTicker10-year annualized return
Invesco QQQ Trust(QQQ)18.07%
iShares Russell Top 200 Growth(IWY)16.80
Schwab US Large-Cap Growth(SCHG)15.63
Vanguard Mega Cap Growth(MGK)15.57
6 more rows
Feb 29, 2024

What are the best ETFs in February 2024? ›

In February 2024, the top-performing stock ETFs included mid-cap growth fund Renaissance IPO ETF and Invesco S&P MidCap 400 Pure Growth ETF. The month's worst performers included Global X SuperDividend US ETF and Franklin US Low Volatility High Dividend Index ETF.

What is the best long term emerging markets ETF? ›

Here are the best Diversified Emerging Mkts funds
  • Goldman Sachs MarketBeta Emer Mkt Eq ETF.
  • Schwab Emerging Markets Equity ETF™
  • SPDR® Portfolio Emerging Markets ETF.
  • Columbia EM Core ex-China ETF.
  • Invesco S&P Emerging Markets Low Vol ETF.
  • JHanco*ck Multifactor Em Mkts ETF.
  • JPMorgan Diversified Return EMkts Eq ETF.

What is the most successful ETF launch? ›

In January 2024, the Securities and Exchange Commission (SEC) approved several spot Bitcoin exchange-traded funds (ETFs) for trading in a landmark ruling. The ETFs have been the most successful launch in history, amassing over $10 billion in net inflows since launch.

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