During February 2024, the positive performance of VanEck Crypto & Blockchain Innovators UCITS ETF stands out, establishing itself as the best ETF of the period.
On the contrary, the Sprott Uranium Miners UCITS ETF Accumulating has the least favorable performance, positioning itself as the worst. Let’s see all the details below.
Summary
VanEck Crypto & Blockchain Innovators UCITS ETF with the best performance
As anticipated, in the month of February 2024, two ETFs belonging to the Technology Sector Equity category stand out for their excellent performance: the VanEck Crypto & Blockchain Innovators UCITS ETF DAPP and the iShares Blockchain Technology UCITS ETF BLKC.
On the other end of the spectrum, among the worst performers, stand out the Sprott Uranium Miners UCITS ETF Accumulating URNM and the AuAg ESG Gold Mining UCITS ETF ESGO.
To identify these results, MorningStar examined ETFs in the Global categories: equity, balanced, and fixed income available in Italy, excluding those with assets less than 25 million dollars.
The differences in returns between the best and worst ETFs range from a remarkable 29.2% to a less reassuring -10.4%, with an overall gap of 39.6 percentage points.
The VanEck Crypto & Blockchain Innovators UCITS ETF stands out with an extraordinary performance of 29.19% in February, far exceeding the average of +7.18% for the Morningstar Technology Sector Equity category.
Over the last 12 months, this ETF has exceeded all expectations, gaining 127.05%, ranking in the 1st percentile for performance.
The iShares Blockchain Technology UCITS ETF ranks second in performance in February, with a return of 24.92%, also exceeding the average of the Technology Sector Equity category.
In the twelve months prior, it reached 96.77%, also placing it in the 1st percentile of the category. Both ETFs, evaluated with a Medalist Rating of Bronze and Gold respectively, demonstrate their solidity in the financial landscape.
The top performing ETFs of February 2024
Going forward, the Invesco CoinShares Global Blockchain UCITS ETF, with an impressive return of 22.07%, ranks third in the month of February, surpassing the category average.
In the last 12 months, Invesco’s ETF has recorded a remarkable performance of 44.52%, ranking in the 30th percentile of the category.
The Invesco CoinShares Global Blockchain UCITS ETF, launched in March 2019, is highlighted by its solidity, rated with a Bronze Medalist Rating.
In fourth place, the Amundi MSCI Semiconductors ESG Screened UCITS ETF, with a return of 15.98%, outperforms the competition and gains 82.5% in the last 12 months.
With environmental, social, and governance criteria, this ETF is rated with a Silver Medalist Rating.
The fifth in the ranking is the VanEck Defense ETF, with a significant gain of 14.57% in February, surpassing the category average of 4.22%. Despite its track record of less than a year since its launch in March 2023, it receives a Bronze Medalist Rating.
The Amundi MSCI China Tech ESG Screened UCITS ETF ranks sixth with a return of 12.95% in February, outperforming the average of Chinese Equities.
However, in the last 12 months, it has experienced a loss of 22.16%, ranking in the 65th percentile of the category and receiving a Medalist Rating of Neutral.
February disappointments: ETFs with the worst performance
The ETF that disappointed the most in the month of February 2024 is the Sprott Uranium Miners UCITS ETF Accumulating, with a loss of 10.42%, underperforming the category average (+1.62%).
The second place among the most disappointing performances is occupied by the AuAg ESG Gold Mining UCITS ETF, with a loss of 9.66% in February, lower than the average of competitors (-6.37%).
The BNP Paribas Easy FTSE EPRA/NAREIT Eurozone Capped ranks third among ETFs with the worst performance in February, recording a loss of 8.74%.
During the last year, the ETF has seen a decrease of 7.83%, underperforming the category average (-5.93%) and receiving a Medalist Rating of Neutral.
The fourth ETF with the worst performance is the BNP Paribas Easy FTSE EPRA Nareit Developed Europe ex UK Green CTB, with a loss of 8.25% in February.
Over the 12-month period, the ETF recorded a decrease of 5.02%, underperforming the average of competitors (-3.18%) and obtaining a Medalist Rating of Neutral.
The Global X Uranium UCITS ETF closes the list, ranking fifth with a loss of 8.2% in February.
However, in the last 12 months, the ETF has seen a significant increase of 34.68%, ranking 3rd in the Natural Resources Equity category and receiving a Silver Medalist Rating.
