What Are the Top 10 ETFs: The Best-Performing ETFs of the Month

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Exchange-traded funds (ETFs) continue to gain popularity among investors seeking cost-effective, flexible, and diversified exposure to global markets. Unlike traditional mutual funds, ETFs trade on exchanges like stocks, offering real-time pricing and intraday liquidity. They allow investors to gain broad market exposure or target specific sectors—such as technology, finance, or emerging innovations—without purchasing individual securities.

In November 2024, a surge in investor confidence and favorable market conditions propelled several thematic ETFs to exceptional performance. Leading the charge were funds focused on blockchain technology, cloud computing, fintech, and space innovation. These high-growth sectors reflect evolving investor sentiment toward disruptive technologies and digital transformation.

Below is a detailed overview of the top 10 best-performing ETFs of November 2024, based on monthly returns, expense ratios, asset size, and long-term performance metrics.

Top 10 Best-Performing ETFs – November 2024

1. VanEck Crypto & Blockchain Innovators UCITS ETF (DAPP)

VanEck Crypto & Blockchain Innovators emerged as the top performer, significantly outpacing its peers with a staggering 42.09% return. This passively managed fund tracks companies actively involved in blockchain development and cryptocurrency ecosystems. Over the past year, it delivered a remarkable 170.98% return—far exceeding the category average of 28.17%—placing it in the 1st percentile for performance.

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2. Global X Blockchain UCITS ETF (BKCH)

Despite its smaller asset base, Global X Blockchain demonstrated strong momentum, returning 41.85% in November. The fund targets global companies engaged in blockchain infrastructure, digital asset platforms, and decentralized applications. Its 12-month return of 133.84% underscores sustained investor interest in blockchain innovation.

3. WisdomTree Blockchain UCITS ETF (WBLK)

Ranked third, WisdomTree Blockchain achieved a robust monthly return of 39.08%. With a low expense ratio and a focus on pure-play blockchain firms, this ETF has delivered a one-year return of 137.00%, firmly placing it in the 2nd percentile for category performance.

4. iShares Blockchain Technology UCITS ETF (BLKC)

iShares’ blockchain offering secured fourth place with a 38.86% monthly gain. Backed by BlackRock’s research capabilities, BLKC provides diversified exposure to leading blockchain innovators across North America and Europe. Its one-year return of 115.48% reflects consistent growth and institutional adoption.

5. VanEck Space Innovators UCITS ETF (JEDI)

Breaking into the top five was VanEck Space Innovators, which focuses on aerospace, satellite technology, and space exploration companies. A November return of 28.61% highlights growing optimism around commercial space ventures. Over the past year, it gained 59.28%, ranking in the 1st percentile.

6. Invesco CoinShares Global Blockchain UCITS ETF (BCHN)

As one of the largest blockchain ETFs by AUM, BCHN delivered a solid 23.70% return in November. Its broad portfolio includes firms involved in cryptocurrency mining, custody solutions, and blockchain infrastructure. With a one-year return of 66.73%, it ranks in the 5th percentile.

7. WisdomTree Cloud Computing UCITS ETF (WCLD)

WisdomTree Cloud Computing benefited from increased demand for scalable digital infrastructure. While its monthly performance was strong at 20.29%, its one-year return of 25.38% places it at the median (55th percentile) due to earlier market volatility.

8. Invesco KBW NASDAQ Fintech UCITS ETF (FTEK)

FTEK tracks fintech leaders listed on NASDAQ, including digital payment platforms and financial software providers. Its 19.79% monthly gain signals renewed investor confidence in financial technology innovation. Over 12 months, it returned 62.80%, placing it in the 6th percentile.

9. First Trust Cloud Computing UCITS ETF (SKYU)

First Trust Cloud Computing ranked ninth with a solid monthly performance of 17.27%. The fund emphasizes high-growth cloud service providers and data center operators. Its annual return of 48.30% positions it in the 8th percentile.

10. iShares S&P US Banks ETF (BNKS)

Rounding out the list is iShares S&P US Banks ETF, the only non-tech fund in the top 10. With a modest but notable return of 15.43%, BNKS benefited from rising interest rate expectations and improved earnings outlooks for major U.S. banks.

Key Investment Themes Driving ETF Performance

The dominance of technology-focused ETFs—particularly those centered on blockchain, cloud computing, and fintech—reveals a clear market trend: investors are prioritizing innovation-driven sectors with high scalability potential.

Blockchain-related funds collectively outperformed traditional indices due to:

Meanwhile, space and cloud computing ETFs reflect long-term bets on infrastructure evolution and next-generation connectivity.

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Frequently Asked Questions (FAQs)

Q: What makes an ETF "high-performing"?
A: A high-performing ETF delivers strong returns over a given period—typically outpacing its benchmark index or peer group—while maintaining reasonable risk levels and expense ratios.

Q: Are blockchain ETFs risky?
A: Yes, they can be more volatile than broad-market ETFs due to their exposure to emerging technologies and regulatory uncertainty. However, they offer high growth potential for investors with a higher risk tolerance.

Q: How do expense ratios affect ETF returns?
A: Lower expense ratios reduce drag on returns over time, making them especially important for long-term investors. Funds with ratios below 0.50% are generally considered cost-effective.

Q: Can I invest in these ETFs outside the UK?
A: Many UCITS-compliant ETFs are available to international investors through global brokers and platforms that support European-listed funds.

Q: Is past performance a reliable indicator of future results?
A: No. While past performance helps assess consistency and strategy effectiveness, it does not guarantee future outcomes due to changing market dynamics.

Q: Should I diversify across multiple top-performing ETFs?
A: Diversification across themes (e.g., blockchain, cloud, fintech) can reduce risk while capturing growth across innovative sectors.

Final Thoughts

The November 2024 performance rankings highlight a clear shift toward technology-driven investment themes—especially in blockchain, cloud infrastructure, and financial innovation. While short-term gains are encouraging, investors should evaluate these ETFs based on long-term fundamentals, expense efficiency, and alignment with personal risk profiles.

As digital transformation accelerates globally, thematic ETFs will likely remain at the forefront of investor portfolios.

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