The top-performing ETFs in Invesco’s range in 2024 to date may surprise investors.
The top ETFs by year-to-date returns as of November 20 span asset classes from crypto to a financials subsector to momentum factor strategies.
1. Invesco Alerian Galaxy Crypto Economy ETF (SATO )
SATO is up 52.8% year to date through November 20, according to ETF Database. The fund provides exposure to equities participating in the blockchain and cryptocurrency space. This includes businesses such as cryptocurrency miners, cryptocurrency infrastructure technologies, and cryptocurrency buyers. Some examples of holdings in SATO include Coinbase, MicroStrategy, and Iris Energy, among others.
2. Invesco KBW Bank ETF (KBWB )
Invesco’s second best-performing ETF KBWB is up 44.1% year to date through November 20. 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.
3. Invesco S&P 500® Momentum ETF (SPMO )
Invesco’s S&P 500 Momentum ETF is up 43.8% year to date through November 20. 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 midcap momentum ETF is up 42.7% year to date through November 20. The fund’s underlying index comprises 80 securities from the S&P Midcap 400 Index that have the highest momentum scores. These scores are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 400 Index.
5. Invesco Dorsey Wright Industrials Momentum ETF (PRN )
PRN is up 42.6% year to date through November 20. The fund’s underlying index is designed to identify companies that are showing relative strength (momentum), and is composed of 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.
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