The Worst-Performing ETFs of the Month

To
read
about
the
best-performing
ETFs,

check
out
our
other
story.

To
find
the
month’s
worst-performing
ETFs,
we
screened
those
in
Morningstar’s
Equity,
Allocation,
or
Fixed-Income
categories
that
are
available
in
the
UK.
We
excluded
exchange-traded
notes,
known
as
ETNs,
and
ETFs
with
less
than
$25
million
(£20.0
million)
in
total
assets.
We
also
excluded
funds
that
fall
into
Morningstar’s
“trading”
categories,
as
these
funds
are
designed
for
active
traders
and
are
not
suitable
for
long-term
investors.

Among
the
worst-performing
ETFs,
three
were
from
the
Indonesia
equity
category,
where
funds
fell
7.23%
in
April.

The
10
Worst-Performing
ETFs
for
April
2024

1.
VanEck
Crypto
&
Blockchain
Innovators
UCITS
ETF
(DAPP)
2.
iShares
Blockchain
Technology
UCITS
ETF
(BLKC)
3.
Invesco
CoinShares
Global
Blockchain
UCITS
ETF 
(BCHN)
4.
Invesco
Solar
Energy
UCITS
ETF 
(ISUN)
5.
Xtrackers
MSCI
Europe
Information
Technology
ESG
Screened
UCITS
ETF 
(XS8R)
6.
HSBC
MSCI
Indonesia
UCITS
ETF 
(HIDD)
7.
Amundi
MSCI
Indonesia
UCITS
ETF 
(INDO)
8.
Xtrackers
MSCI
Indonesia
Swap
UCITS
ETF
(XMIN)
9.
Invesco
Real
Estate
S&P
US
Select
Sector
UCITS
ETF
(XRES)
10.
WisdomTree
Cloud
Computing
UCITS
ETF
(WCLD)

Metrics
for
the
Worst-Performing
ETFs

VanEck
Crypto
&
Blockchain
Innovators
UCITS
ETF

•
Morningstar
Rating:
N/A
•
Ongoing
Charge:
0.65%
•
Morningstar
Category:
Equity
Technology

The
worst-performing
ETF
in
April
was
the
£93
million
VanEck
Crypto
&
Blockchain
Innovators
UCITS
ETF,
which
lost
22.69%.
The
passively
managed
VanEck
ETF
fell
further
than
the
average
3.05%
loss
on
funds
in
the
equity
technology
category
in
April.
Over
the
past
12
months,
the
VanEck
Crypto
&
Blockchain
Innovators
UCITS
ETF
rose
66.74%,
placing
it
in
the
2nd
percentile
within
its
category
and
outperforming
the
26.96%
return
on
the
average
fund.

The
VanEck
Crypto
&
Blockchain
Innovators
UCITS
ETF,
launched
in
April
2021,
has
a
Morningstar
Medalist
Rating
of
Bronze.

iShares
Blockchain
Technology
UCITS
ETF

•
Morningstar
Rating:
N/A
•
Ongoing
Charge:
0.50%
•
Morningstar
Category:
Equity
Technology

With
a
19.23%
loss,
the
£35
million
iShares
Blockchain
Technology
UCITS
ETF
was
the
second-worst-performing
ETF
on
our
list
for
April.
The
passively
managed
iShares
ETF
fell
further
than
the
average
3.05%
loss
on
funds
in
the
equity
technology
category.
Over
the
past
12
months,
the
iShares
Blockchain
Technology
UCITS
ETF
gained
52.26%,
placing
it
in
the
7th
percentile
within
its
category
and
outperforming
the
26.96%
return
on
the
average
fund.

The
Gold-rated
iShares
Blockchain
Technology
UCITS
ETF
was
launched
in
September
2022.

Invesco
CoinShares
Global
Blockchain
UCITS
ETF

•
Morningstar
Rating: ★★
•
Ongoing
Charge:
0.65%
•
Morningstar
Category:
Equity
Technology

The
third-worst-performing
ETF
in
April
was
the
£460
million
Invesco
CoinShares
Global
Blockchain
UCITS
ETF,
which
fell
15.95%.
The
Invesco
ETF,
which
is
passively
managed,
fell
further
than
the
average
3.05%
loss
on
funds
in
the
equity
technology
category.
Over
the
past
12
months,
the
ETF
rose
39.67%
to
place
in
the
27th
percentile
within
its
category,
outperforming
the
category’s
average
1-year
return
of
26.96%.

The
Invesco
CoinShares
Global
Blockchain
UCITS
ETF
has
a
Morningstar
Medalist
Rating
of
Bronze.
It
was
launched
in
March
2019.

Invesco
Solar
Energy
UCITS
ETF

•
Morningstar
Rating:
N/A
•
Ongoing
Charge:
0.69%
•
Morningstar
Category:
Equity
Alternative
Energy

The
£47
million
Invesco
Solar
Energy
UCITS
ETF
was
the
fourth-worst-performing
ETF
in
April,
with
a
loss
of
9.55%.
The
passively
managed
Invesco
ETF
performed
worse
than
the
average
1.75%
loss
on
funds
in
the
equity
alternative
energy
category.
Over
the
past
year,
the
ETF
dropped
43.45%
to
land
in
the
100th
percentile
within
its
category,
dropping
further
than
the
category’s
average
one-year
loss
of
14.32%.

The
Invesco
Solar
Energy
UCITS
ETF
takes
environmental,
social,
and
governance

criteria
into
consideration.
This
fund
has
a
Morningstar
Medalist
Rating
of
Neutral.

Xtrackers
MSCI
Europe
Information
Technology
ESG
Screened
UCITS
ETF

•
Morningstar
Rating: ★★★
•
Ongoing
Charge:
0.17%
•
Morningstar
Category:
Equity
Technology

Fifth-worst
was
the
£41
million
Xtrackers
MSCI
Europe
Information
Technology
ESG
Screened
UCITS
ETF,
which
lost
7.84%
in
April.
The
passively
managed
Xtrackers
ETF
fell
further
than
the
average
3.05%
decline
on
funds
in
the
equity
technology
category.
Over
the
past
year,
the
Xtrackers
MSCI
Europe
Information
Technology
ESG
Screened
UCITS
ETF
rose
20.99%,
finishing
in
the
67th
percentile
within
its
category.
It
underperformed
the
category’s
average
one-year
return
of
26.96%.

The
Xtrackers
MSCI
Europe
Information
Technology
ESG
Screened
UCITS
ETF
has
a
Morningstar
Medalist
Rating
of
Bronze.
It
was
launched
in
June
2007.

HSBC
MSCI
Indonesia
UCITS
ETF

•
Morningstar
Rating: ★★★★★
•
Ongoing
Charge:
0.50%
•
Morningstar
Category:
Indonesia
Equity

The
sixth-worst-performing
ETF
in
April
was
the
£72
million
HSBC
MSCI
Indonesia
UCITS
ETF,
which
lost
7.78%.
The
passively
managed
HSBC
ETF
performed
roughly
in
line
with
the
average
7.23%
loss
on
funds
in
the
Indonesia
equity
category.
Over
the
past
12
months,
the
HSBC
MSCI
Indonesia
UCITS
ETF
fell
11.49%,
placing
it
in
the
52nd
percentile
within
its
category
and
declining
less
than
the
12.71%
loss
on
the
average
fund.

The
HSBC
MSCI
Indonesia
UCITS
ETF
has
a
Morningstar
Medalist
Rating
of
Silver.
It
was
launched
in
March
2011.

Amundi
MSCI
Indonesia
UCITS
ETF

•
Morningstar
Rating: ★★★★★
•
Ongoing
Charge:
0.45%
•
Morningstar
Category:
Indonesia
Equity

With
a
7.78%
loss,
the
£44
million
Amundi
MSCI
Indonesia
UCITS
ETF
was
the
seventh-worst-performing
ETF
on
our
list
for
April.
The
passively
managed
Amundi
ETF
performed
roughly
in
line
with
the
average
7.23%
loss
on
funds
in
the
Indonesia
equity
category.
Over
the
past
12
months,
the
Amundi
MSCI
Indonesia
UCITS
ETF
lost
11.38%,
placing
it
in
the
65th
percentile
within
its
category
and
putting
it
down
less
than
the
12.71%
loss
on
the
average
fund.

The
Amundi
MSCI
Indonesia
UCITS
ETF,
launched
in
March
2019,
has
a
Morningstar
Medalist
Rating
of
Gold.

Xtrackers
MSCI
Indonesia
Swap
UCITS
ETF

•
Morningstar
Rating: ★★★★★
•
Ongoing
Charge:
0.65%
•
Morningstar
Category:
Indonesia
Equity

The
eighth-worst-performing
ETF
in
April
was
the
£39
million
Xtrackers
MSCI
Indonesia
Swap
UCITS
ETF,
which
fell
7.77%.
The
Xtrackers
ETF,
which
is
passively
managed,
performed
roughly
in
line
with
the
average
7.23%
loss
on
funds
in
the
Indonesia
equity
category.
Over
the
past
12
months,
the
ETF
fell
11.55%
to
place
in
the
54th
percentile
within
its
category,
declining
less
than
the
average
one-year
loss
of
12.71%.

The
Xtrackers
MSCI
Indonesia
Swap
UCITS
ETF,
launched
in
March
2010,
has
a
Morningstar
Medalist
Rating
of
Silver.

Invesco
Real
Estate
S&P
US
Select
Sector
UCITS
ETF

•
Morningstar
Rating: ★★★★★
•
Ongoing
Charge:
0.14%
•
Morningstar
Category:
Property
–
Indirect
North
America

The
£64
million
Invesco
Real
Estate
S&P
US
Select
Sector
UCITS
ETF
was
the
ninth-worst-performing
ETF
in
April,
with
a
decline
of
7.72%.
The
passively
managed
Invesco
ETF
performed
worse
than
the
average
4.95%
loss
on
funds
in
the
property
–
indirect
North
America
category.
Over
the
past
year,
the
ETF
dropped
0.97%
to
land
in
the
77th
percentile,
underperforming
the
category’s
average
one-year
return
of
1.10%.

The
Invesco
Real
Estate
S&P
US
Select
Sector
UCITS
ETF
has
a
Morningstar
Medalist
Rating
of
Silver.
It
was
launched
in
February
2016.

WisdomTree
Cloud
Computing
UCITS
ETF

•
Morningstar
Rating: ★
•
Ongoing
Charge:
0.40%
•
Morningstar
Category:
Equity
Technology

Tenth-worst
was
the
£272
million
WisdomTree
Cloud
Computing
UCITS
ETF,
which
lost
7.48%
in
April.
The
passively
managed
WisdomTree
ETF
fell
further
than
the
average
3.05%
loss
on
funds
in
the
equity
technology
category
for
the
month.
Over
the
past
year,
the
WisdomTree
Cloud
Computing
UCITS
ETF
rose
20.42%,
finishing
the
12-month
period
in
the
68th
percentile
within
the
equity
technology
category.
It
underperformed
the
category’s
average
one-year
return
of
26.96%.

The
Bronze-rated
WisdomTree
Cloud
Computing
UCITS
ETF
was
launched
in
September
2019.

What
Are
ETFs?

Exchange-traded
funds
are
investments
that
trade
throughout
the
day
on
stock
exchanges,
much
like
individual
stocks.
They
differ
from
traditional
mutual
funds
–
known
as
open-end
funds
–
which
can
only
be
bought
or
sold
at
a
single
price
each
day.
Historically,
ETFs
have
tracked
indexes,
but
in
recent
years,
more
ETFs
have
been
actively
managed.
ETFs
cover
a
range
of
asset
classes,
including
stocks,
bonds,
commodities,
and
most
recently
cryptocurrency.

ETFs:
More
Ideas
to
Consider

Investors
who
would
like
to
find
more
ETF
investment
ideas
can
do
the
following:

•
Read
the
latest

articles
on
ETFs.
•
Use
the

ETF
screener
to
find
the
best
ETFs
according
to
your
specific
criteria.
You
can
search
for
funds
based
on
their
fees,
Morningstar
Medalist
Ratings,
manager
tenures,
and
more.
•

Compare
funds
and
ETFs
side
by
side
and
easily
follow
their
valuations,
ratings,
and
fees.

This
article
was
compiled
by
Bella
Albrecht,
edited
by
Lauren
Solberg,
and
reviewed
by
Sunniva
Kolostyak.

As
part
of
our
mission
to
put
more
information
into
the
hands
of
investors,
this
article
was
compiled
from
Morningstar’s
data
and
independent
research
using
automation
technology.
The
original
article
was
written
by
Morningstar
reporters
and
editors.
This
updated
version
was
reviewed
by
an
editor.

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