The Best-Performing ETFs of the Month

To
find
the
month’s
best-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.

Within
our
list,
two
funds
fell
into
the
Turkey
equity
category,
where
the
average
fund
rose
15.94%
in
April.

The
10
Best-Performing
ETFs
for
April
2024

1.
Amundi
MSCI
Turkey
UCITS
ETF
(TUR)
2.
iShares
MSCI
Turkey
UCITS
ETF
(IDTK)
3.
Global
X
Silver
Miners
UCITS
ETF
(SILV)
4.
Global
X
Copper
Miners
UCITS
ETF
(COPX)
5.
iShares
Copper
Miners
UCITS
ETF
(COPM)
6.
Market
Access
NYSE
Arca
Gold
BUSIndex
UCITS
ETF
(M9SD)
7.
Invesco
STOXX
Europe
600
Optimised
Basic
Resources
UCITS
ETF
(SC0W)
8.
iShares
STOXX
Europe
600
Basic
Resources
UCITS
ETF
(DE)
(EXV6)
9.
Xtrackers
FTSE
China
50
UCITS
ETF
(XX2D)
10.
iShares
China
Large
Cap
UCITS
ETF
(FXC)

Metrics
for
the
Best-Performing
ETFs

Amundi
MSCI
Turkey
UCITS
ETF

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

The
£57
million
Amundi
MSCI
Turkey
UCITS
ETF
was
the
best-performing
ETF
in
April,
with
a
15.45%
return.
The
passively
managed
Amundi
ETF
performed
roughly
in
line
with
the
15.94%
gain
on
the
average
fund
in
Morningstar’s
Turkey
equity
category
for
the
month.
Over
the
last
12
months,
the
Amundi
MSCI
Turkey
UCITS
ETF
has
returned
46.21%,
underperforming
the
48.61%
gain
on
the
average
fund
in
its
category,
leaving
the
ETF
in
the
50th
percentile.

The
Amundi
MSCI
Turkey
UCITS
ETF
has
a
Morningstar
Medalist
Rating
of
Neutral.
It
was
launched
in
March
2019.

iShares
MSCI
Turkey
UCITS
ETF

•
Morningstar
Rating: ★
•
Ongoing
Charge:
0.74%
•
Morningstar
Category:
Turkey
Equity

The
second-best-performing
ETF
in
April
was
the
£93
million
iShares
MSCI
Turkey
UCITS
ETF.
The
passively
managed
iShares
ETF
returned
15.20%,
roughly
in
line
with
the
average
Turkey
equity
fund,
which
gained
15.94%.
Looking
back
over
the
last
12
months,
the
iShares
MSCI
Turkey
UCITS
ETF
has
returned
43.14%,
underperforming
the
48.61%
return
on
the
average
fund
in
its
category,
leaving
the
ETF
in
the
75th
percentile.

The
iShares
MSCI
Turkey
UCITS
ETF
has
a
Negative
Morningstar
Medalist
Rating,
meaning
that
our
analysts
expect
it
to
be
one
of
the
worst
performers
within
its
category
and
think
it
is
unlikely
to
deliver
positive
returns
after
fees.

Global
X
Silver
Miners
UCITS
ETF

•
Morningstar
Rating:
N/A
•
Ongoing
Charge:
0.70%
•
Morningstar
Category:
Equity
Precious
Metals

The
£53
million
Global
X
Silver
Miners
UCITS
ETF
ranked
third
for
the
month,
returning
12.75%.
The
Global
X
ETF,
which
is
passively
managed,
topped
the
9.79%
average
return
on
funds
in
the
equity
precious
metals
category
for
April.
Over
the
last
12
months,
the
Global
X
ETF
has
returned
2.48%,
roughly
in
line
with
the
3.29%
gain
on
the
average
fund
in
its
category,
leaving
the
ETF
in
the
54th
percentile.

The
Global
X
Silver
Miners
UCITS
ETF,
launched
in
May
2022,
has
a
Morningstar
Medalist
Rating
of
Negative.

Global
X
Copper
Miners
UCITS
ETF

•
Morningstar
Rating:
N/A
•
Ongoing
Charge:
0.70%
•
Morningstar
Category:
Equity
Natural
Resources

With
a
10.97%
return,
the
£113
million
Global
X
Copper
Miners
UCITS
ETF
ranked
fourth
in
April.
The
passively
managed
Global
X
ETF
outperformed
the
5.11%
return
on
the
average
equity
natural
resources
fund.
Over
the
last
12
months,
the
fund
has
gained
20.77%,
ahead
of
the
6.77%
return
on
funds
in
its
category,
placing
it
in
the
8th
percentile
for
the
period.

The
Global
X
Copper
Miners
UCITS
ETF
has
a
Silver
Morningstar
Medalist
Rating.
It
was
launched
in
November
2021.

iShares
Copper
Miners
UCITS
ETF

•
Morningstar
Rating:
N/A
•
Ongoing
Charge:
0.55%
•
Morningstar
Category:
Equity
Natural
Resources

The
fifth-best-performing
ETF
was
the
£22
million
iShares
Copper
Miners
UCITS
ETF,
which
gained
10.58%
in
April.
This
passively
managed
iShares
ETF
beat
the
5.11%
average
return
on
funds
in
the
equity
natural
resources
category.
The
fund
was
first
launched
in
June
2023,
and
as
a
result,
it
does
not
have
a
one-year
track
record.

The
iShares
Copper
Miners
UCITS
ETF
has
a
Morningstar
Medalist
Rating
of
Gold.

Market
Access
NYSE
Arca
Gold
BUSIndex
UCITS
ETF

•
Morningstar
Rating: ★★
•
Ongoing
Charge:
0.65%
•
Morningstar
Category:
Equity
Precious
Metals

The
£55
million
Market
Access
NYSE
Arca
Gold
BUSIndex
UCITS
ETF
was
the
sixth-best-performing
UK
ETF
in
April,
with
a
10.36%
return.
The
return
on
the
passively
managed
China
Post
Global
ETF
was
roughly
in
line
with
the
9.79%
gain
on
the
average
fund
in
Morningstar’s
equity
precious
metals
category.
Looking
back
over
the
last
12
months,
the
Market
Access
NYSE
Arca
Gold
BUSIndex
UCITS
ETF
has
returned
4.76%,
outperforming
the
3.29%
return
on
the
average
fund
in
its
category,
leaving
the
ETF
in
the
40th
percentile.

The
Silver-rated
Market
Access
NYSE
Arca
Gold
BUSIndex
UCITS
ETF
was
launched
in
January
2007.

Invesco
STOXX
Europe
600
Optimised
Basic
Resources
UCITS
ETF

•
Morningstar
Rating: ★
•
Ongoing
Charge:
0.20%
•
Morningstar
Category:
Equity
Industrial
Materials

The
seventh-best-performing
ETF
in
April
was
the
£38
million
Invesco
STOXX
Europe
600
Optimised
Basic
Resources
UCITS
ETF.
The
passively
managed
Invesco
ETF
returned
10.16%,
outperforming
the
average
equity
industrial
materials
fund,
which
lost
1.15%.
Looking
back
over
the
last
12
months,
the
Invesco
STOXX
Europe
600
Optimised
Basic
Resources
UCITS
ETF
has
returned
9.42%,
underperforming
the
13.32%
return
on
the
average
fund
in
its
category,
leaving
the
ETF
in
the
78th
percentile.

The
Invesco
STOXX
Europe
600
Optimised
Basic
Resources
UCITS
ETF
has
a
Morningstar
Medalist
Rating
of
Neutral.
It
was
launched
in
July
2009.

iShares
STOXX
Europe
600
Basic
Resources
UCITS
ETF
(DE)

•
Morningstar
Rating: ★
•
Ongoing
Charge:
0.46%
•
Morningstar
Category:
Equity
Industrial
Materials

The
£425
million
iShares
STOXX
Europe
600
Basic
Resources
UCITS
ETF
(DE)
ranked
eighth
for
the
month,
returning
9.80%.
The
iShares
ETF,
which
is
passively
managed,
topped
the
1.15%
average
loss
on
funds
in
the
equity
industrial
materials
category.
Over
the
last
12
months,
the
iShares
ETF
has
returned
9.57%,
behind
the
13.32%
return
on
the
average
fund
in
its
category,
leaving
it
in
the
75th
percentile
for
performance.

The
Bronze-rated
iShares
STOXX
Europe
600
Basic
Resources
UCITS
ETF
(DE)
was
launched
in
July
2002.

Xtrackers
FTSE
China
50
UCITS
ETF

•
Morningstar
Rating: ★★
•
Ongoing
Charge:
0.60%
•
Morningstar
Category:
China
Equity

With
a
9.01%
gain,
the
£116
million
Xtrackers
FTSE
China
50
UCITS
ETF
ranked
ninth
in
April.
The
passively
managed
Xtrackers
ETF
outperformed
the
6.13%
return
on
the
average
China
equity
fund.
Over
the
last
12
months,
the
fund
has
dropped
4.15%,
declining
less
than
the
10.44%
loss
on
funds
in
its
category,
placing
it
in
the
14th
percentile.

The
Xtrackers
FTSE
China
50
UCITS
ETF,
launched
in
June
2007,
has
a
Morningstar
Medalist
Rating
of
Negative.

iShares
China
Large
Cap
UCITS
ETF

•
Morningstar
Rating:
★★
•
Ongoing
Charge:
0.74%
•
Morningstar
Category:
China
Equity

The
tenth-best
performing
ETF
was
the
£489
million
iShares
China
Large
Cap
UCITS
ETF,
which
gained
8.99%
in
April.
The
passively
managed
iShares
ETF
beat
the
6.13%
average
return
on
funds
in
the
China
equity
category.
Over
the
past
year,
the
iShares
China
Large
Cap
UCITS
ETF
fell
4.29%,
declining
less
than
the
10.44%
loss
on
the
average
fund
in
its
category
and
placing
it
in
the
15th
percentile.

The
iShares
China
Large
Cap
UCITS
ETF
has
a
Morningstar
Medalist
Rating
of
Negative.
It
was
launched
in
October
2004.

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.

The
Best
ETFs:
More
Ideas
to
Consider

Investors
who
would
like
to
find
more
of
the
top-performing
or
cheapest
ETFs
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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