Best Performing ETFs 3Q 2019

October 07, 2019

Miners Get A Bounce

JJN isn’t the only commodity-related product to find itself among the best performers. Though no physically backed gold ETFs are on the list—spot gold prices are up 17.7% year to date—a few gold miner ETFs are.

The U.S. Global GO Gold and Precious Metal Miners ETF (GOAU) and the iShares MSCI Global Gold Miners ETF (RING) jumped about 37% apiece.

Though they’ve certainly rebounded from their worst levels, gold miners are still depressed from a longer-term perspective, and most investors still favor bullion-tracking ETFs over miner ETFs.

Real Estate Heating Up

Another area that’s outperforming this year is real estate, and a number of real-estate-related products find themselves on the best-performers list.

The iShares U.S. Home Construction ETF (ITB) and the Invesco Dynamic Building & Construction ETF (PKB) surged 42.6% and 34.2%, respectively, since the start of the year.

ITB and PKB focus on stocks of homebuilders. On the other hand, another pair of real estate ETFs on the list, the Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) and the Pacer Benchmark Industrial Real Estate SCTR ETF (INDS), target real estate investment trusts, companies that own and rent out real estate properties. They’re each up more than 37% year to date.

Other Strong Performers

Rounding out the list of best performers are a pair of solar ETFs, a pair of semiconductor ETFs and a futuristic “exploration” ETF.

The Invesco Solar ETF (TAN) and the ALPS Clean Energy ETF (ACES) rallied 56.3% and 35.4%, respectively, so far this year. Though far off its highs of a decade ago, TAN recently reached its loftiest level since 2016.

Growing demand for renewable energy sources and the expiration of a federal tax credit may be driving solar shares higher, say analysts.

Meanwhile, the SPDR S&P Semiconductor ETF (XSD) and the VanEck Vectors Semiconductor ETF (SMH) climbed more than 35% this year in anticipation of the rollout of 5G technology starting in 2020.

Finally, the SPDR S&P Kensho Final Frontiers ETF (ROKT) is up 34.2% year to date. Launched a year ago, ROKT holds companies driving innovation behind the exploration of deep space and deep sea. Top holdings are primarily aerospace and defense companies like Northrop Grumman, L3Harris Technologies and Lockheed Martin.

Email Sumit Roy at [email protected] or follow him on Twitter sumitroy2

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