If you're considering investing or trading ETFs in 2024, then you need to know which ETFs have been performing the best and fit your investment goals. This guide will help you explore top ETFs for 2024 in terms of their performance and show you steps to trade them online using a reputable online trading broker such as Skilling.
List of ETF recommendation according to performance 2024
1. iShares MSCI Germany ETF (EWG.US)
Market Cap as of July 12, 2024: $933.47 million
Asset class: Equity
One-Year performance: 8.87%
The iShares MSCI Germany ETF (EWG.US) is an exchange-traded fund that aims to provide investors with exposure to the performance of the German equity market. Launched in 1996, this ETF tracks the MSCI Germany Index, which includes large and mid-cap German companies. By investing in EWG, you gain access to a diverse portfolio of major German stocks across various sectors, reflecting the overall performance of the German economy. The ETF is designed to offer a cost-effective way for investors to diversify their holdings into German equities and benefit from Germany’s market growth.
2. Invesco DB Agriculture Fund (DBA)
Market Cap as of July 12, 2024: $780.01 million
Asset Class: Commodity
One-Year Performance: 15.46%
The Invesco DB Agriculture Fund (DBA) is an exchange-traded fund that provides investors with exposure to agricultural commodities. Launched in 2006, this ETF tracks the DBIQ Diversified Agriculture Index, which reflects the performance of futures contracts on a variety of agricultural products. These products include crops like corn, wheat, and soybeans, as well as livestock. By investing in DBA, you are essentially investing in a broad basket of agricultural commodities, making it a useful tool for diversifying into the agriculture sector.
3. Financial Select Fund (XLF)
Market Cap as of July 12, 2024: $40.44 billion
Asset Class: Equity
One-Year Performance: 22.93%
The Financial Select Fund (XLF) is an exchange-traded fund that focuses on the financial sector of the U.S. stock market. Launched in 1998, XLF aims to provide investors with exposure to a broad range of financial companies, including banks, insurance firms, investment services, and real estate firms. The ETF tracks the Financial Select Sector Index, which includes some of the largest and most prominent financial institutions in the U.S., such as JPMorgan Chase, Bank of America, and Goldman Sachs.
4. Global X Uranium (URA.US)
Market Cap as of July 12, 2024: $3.63 billion
Asset Class: Equity
One-Year Performance: 50.30%
The Global X Uranium ETF (URA.US) is an exchange-traded fund that focuses on the uranium industry. Launched in 2010, URA seeks to provide investors with exposure to companies involved in uranium mining, exploration, and the development of nuclear energy. The ETF tracks the Solactive Global Uranium & Nuclear Components Total Return Index, which includes a mix of global uranium producers, uranium miners, and nuclear energy companies.
5. US Brent Oil Fund (BNO.US)
Market Cap as of July 12, 2024: $123.54 million
Asset Class: Commodity
One-Year Performance: 19.57%
The US Brent Oil Fund (BNO.US) is an exchange-traded fund designed to track the performance of Brent crude oil, which is one of the major global benchmarks for oil prices. Launched in 2009, BNO aims to provide investors with exposure to Brent crude oil futures contracts rather than investing directly in the physical commodity. The ETF invests primarily in Brent crude oil futures contracts to reflect changes in the price of Brent crude oil.
6. Gold Miners Index Bull (NUGT)
Market Cap as of July 12, 2024: $621.55 million
Asset Class: Equity
One-Year Performance: 21.06%
The Gold Miners Index Bull (NUGT) ETF is an exchange-traded fund that aims to provide leveraged exposure to the performance of gold mining stocks. Launched in 2010, NUGT seeks to deliver 2x the daily performance of the NYSE Arca Gold Miners Index, which tracks the performance of large and mid-cap gold mining companies. This ETF uses financial derivatives like futures contracts to achieve its goal of magnifying the returns of the underlying index.
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How to trade ETFs online - steps
With Skilling, a multi-award winning CFD broker, you have a myriad of global ETFs you could trade with incredibly low fees. Here are steps to get started with trading ETFs online with Skilling:
- Open a free trading account with Skilling.
- Deposit funds and search for your favorite ETFs from the list available.
- Place a trade by going long or short on your favorite ETF.
- Monitor your trades and adjust your portfolio based on market conditions and your strategy.
- Withdraw money from your trading account if you wish to access your profits or funds.
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Summary
If you’re looking for ETF recommendations in 2024, you’ll find that many options offer different performances. It’s crucial to remember that all investments come with risks, including the potential loss of capital. Always conduct thorough research and consider your financial goals before investing or trading.
Skilling not only allows you to trade ETFs alone but also trade and track the price performance of CFDs on Forex, stocks, commodities like coffee price, cryptocurrencies like Bitcoin price, and more. Open a free Skilling account today.
