Invesco’s five top-performing ETFs in 2024 all beat the broader market. The funds capitalized on different trends this year, capturing impressive returns for investors.
1. Invesco Alerian Galaxy Crypto Economy ETF (SATO )
At the top of the list of Invesco’s top-performing ETFs in 2024 to date is the Invesco Alerian Galaxy Crypto Economy ETF, which is up over 86%.
SATO provides exposure to equities participating in the blockchain and cryptocurrency space. This includes businesses such as cryptocurrency miners, cryptocurrency infrastructure technologies, and cryptocurrency buyers. Holdings in SATO include Coinbase, MicroStrategy, and Iris Energy, among others.
2. Invesco Dorsey Wright Technology Momentum ETF (PTF )
PTF is up nearly 51% year to date through December 17. The fund has gained around 10% in the past month alone.
The fund’s underlying index is designed to identify companies that are showing relative strength, and includes at least 30 securities from the Nasdaq benchmark index. Relative strength is the measurement of a security’s performance in a given universe over time as compared to the performance of all other securities in that universe.
3. Invesco S&P 500® Momentum ETF (SPMO )
Invesco’s S&P 500 momentum ETF is up over 49% year to date through December 17.
SPMO tracks an index of the 100 stocks in the S&P 500 that have had better recent price performance compared to its peers. The methodology measures the percentage change in stock prices over the past year, excluding the most recent month, and then adjusts for volatility. The portfolio is then weighted based on a combination of company size and momentum score.
4. Invesco S&P MidCap Momentum ETF (XMMO )
Invesco’s mid-cap momentum ETF is up nearly 40% year to date through December 17.
XMMO’s underlying index includes 80 securities from the S&P Midcap 400 Index that have the highest momentum scores. These scores are calculated by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 400 Index.
5. Invesco KBW Bank ETF (KBWB )
Finally, KBWB is up over 38% year to date through December 17. The fund’s performance has slipped slightly in the past month, but KBWB is still on track to end the year on a high note.
KBWB tracks a modified-market cap-weighted index of companies primarily engaged in U.S. banking activities. This includes large national U.S. money centers, regional banks and thrift institutions.
For more news, information, and analysis, visit the Innovative ETFs Channel.
vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for SATO, for which it receives an index licensing fee. However, SATO is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of SATO.
