Top 10 US ETFs by Performance in 2023
What is an ETF?
An exchange-traded fund (ETF) is a type of an index funds that are traded on an exchange the same way that a regular stock can, such as Singapore Exchange(SGX). Tracking the performance of a particular investment index, such as S&P 500 and Dow Jones Industrial Average (DJIA), ETFs hold multiple underlying assets, indicating the risks can be considered distracted compared with investing in one single stock.
Among all the ETFs, there is a special sort: leveraged ETFs. A leveraged ETF is a fund that utilizes financial derivatives as well as debt for amplifying the returns of an underlying index. However, these types of ETFs should be carefully evaluated, as certain double or triple-leveraged ETFs can lose more than double or triple the tracked index.
Why invest in U.S. ETFs from Singapore?
Pros and Cons of ETFs
ETFs appeal to some investors for their portfolio diversification, low fees, immediately reinvested dividends, high liquidity, and easy trading method, as they can be traded like a stock. However, ETFs also fail to be the optimal choice for some investors due to their low dividend yield and potential high intraday price fluctuation.
Past Performance of U.S. ETFs
Being the birthplace of the first ETF, the United States is also recognized as the largest ETF market globally due to its large market size and volume. In addition, the broad investor base and diversity of offerings further enhance the position of U.S. ETFs in the world.
Based on the statistics of Statista Research Department, the total net assets of ETFs in the United States amounted to approximately 6.44 trillion U.S. dollars in 2022. This compares to only 102 billion U.S. dollars in 2002, indicating the strong growth in popularity of this kind of investment fund over the last two decades.
Easy access to ETFs from Singapore
Investing in ETFs from Singapore is easy, as they can be traded on the Singapore Exchange (SGX) and global exchanges such as NYSE Euronext and NASDAQ OMX PHLX. Investors can easily trade ETFs through online brokerage platforms, such as moomoo.
What are the top 10 US ETFs by Performance in 2023
1. FNGU (MicroSectors FANG+ Index 3X Leveraged ETN)
Yearly increase: 427.26%
NAV: 236.774USD (As at 01/17/2024)
Shares: 13.000M (AS at 01/18/2024)
Management Fee: 0.95%
Dividend Policy: Annually
Investment Objectives: The investment seeks return linked to a three times leveraged participation in the daily performance of the NYSE FANG+™️ Index, total return (the “index”). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.
2. BULZ (MICROSECTORS FANG & INNOVATION 3X LEVERAGED ETN)
Yearly Increase: 367.97%
NAV: 106.374USD (As at)
Shares: 8.500M (AS at 01/17/2024)
Management Fee:0.95%
Dividend Policy: Irregular
Investment Objectives: The investment seeks the return on the notes is linked to a three times leveraged participation in the daily performance of the Solactive FANG Innovation Index. The index is a total return index that tracks the stock prices of 15 large capitalization U.S. technology stocks, including eight specific core components.
3. KOLD (ProShares UltraShort Bloomberg Natural Gas)
Yearly Increase: 298.91%
NAV: 86.077USD (As at 01/18/2024)
Shares: 1.567M (AS at 01/18/2024)
Management Fee: 0.95%
Dividend Policy: --
Investment Objectives: The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the performance of the Bloomberg Natural Gas SubindexSM for a single day. The fund seeks to meet its investment objective by investing in Natural Gas futures contracts. It may also invest in swaps if the market for a specific futures contract experiences emergencies or disruptions (e.g., a trading halt or a flash crash) or in situations where the Sponsor deems it impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility or illiquidity).
4. WGMI (VALKYRIE BITCOIN MINERS ETF)
Yearly Increase: 259.85%
NAV: 11.928USD (As at 01/17/2024)
Shares: 4.850M (AS at 01/18/2024)
Management Fee: 0.75%
Dividend Policy: Annually
Investment Objectives: The investment seeks to provide investors with a total return. The fund is an actively-managed exchange-traded fund (“ETF”) that will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least50% of their revenue or profits from bitcoin mining operations and/or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. It will not directly invest in bitcoin, or indirectly through the use of derivatives or through investments in funds or trusts that hold bitcoin. The fund is non-diversified.
5. DAPP (VANECK VECTORS DIGITAL TRANSFORMATION ETF)
Yearly Increase: 256.55%
NAV: 7.300USD (As at 01/17/2024)
Shares: 9.150M (AS at 01/18/2024)
Management Fee: 0.50%
Dividend Policy: Annually
Investment Objectives: The investment seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Digital Assets Equity Index. The fund normally invests at least 80% of its total assets in securities of Digital Transformation Companies. The index is a global index that tracks the performance of Digital Transformation Companies. The fund will not invest in digital assets(including cryptocurrencies) (i) directly or (ii) indirectly through the use of digital asset derivatives. It also will not invest in initial coin offerings. The fund is non-diversified.
6. SATO (INVESCI ALERIAN GALAXY CRYPTO ECONOMY ETF)
Yearly Increase: 247.47%
NAV: 10.680USD (As at 01/07/2024)
Shares: 650.001K (AS at 01/18/2024)
Management Fee: 0.60%
Dividend Policy: Quarterly
Investment Objectives: The investment seeks to track the investment results of the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts, and ETPs Index. The fund generally will invest at least 80% of its total assets in the securities that comprise the underlying index. The underlying index, which is comprised of two different components: (i) stocks of digital asset companies, which are companies that are materially engaged in cryptocurrency mining, cryptocurrency buying, or cryptocurrency enabling technologies; and (ii) ETPs and private investment trusts traded over-the-counter that invest at least75% of their assets in Bitcoin. The fund is non-diversified.
7. BKCH (Global X Blockchain ETF)
Yearly Increase: 246.24%
NAV: 34.040USD (As at 01/17/2024)
Shares: 3.125M (AS at 01/17/2024)
Management Fee: 0.50%
Dividend Policy: Semi-Annually
Investment Objectives: The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Blockchain Index. The fund invests at least 80% of its total assets, plus borrowings for investment purposes (if any), in the securities of the index and in American Depositary Receipts("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of blockchain technology. The fund is non-diversified.
8. NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares)
Yearly Increase: 245.83%
NAV: 107.178USD (As at 01/18/2024)
Shares: 2.750M (AS at 01/18/2024)
Management Fee: 0.75%
Dividend Policy: Quarterly
Investment Objectives: The investment seeks dailyinvestment results of 300% of the daily performance of the Dow Jones U.S. Select Home Construction Index. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index measures U.S. companies in the home construction sector that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and etc. It is non-diversified.
9. FNGO (Bank Of Montreal Microsectors Fang Index 2X Leveraged FTN)
Yearly Increase: 232.35%
NAV: 46.579USD (As at 01/17/2024)
Shares: 5.000M (AS at 01/18/2024)
Management Fee: 0.95%
Dividend Policy: Annually
Investment Objectives: The investment seeks to approximatethe returns that might be available to investors through a leveraged “long” investment in the NYSE FANG+™️ Index (the index). The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.
10. BITQ (BITWISE CRYPTO INDUSTRY INNOVATORS ETF)
Yearly Increase: 221.24%
NAV: 8.910USD (As at 01/17/2024)
Shares: 12.456M (AS at 01/17/2024)
Management Fee: 0.85%
Dividend Policy: Annually
Investment Objectives: The investment seeks to provide investment results that correspond generally to the total return performance of the Bitwise Crypto Innovators 30 Index. The index was designed by Bitwise Index Services, LLC to measure the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele (i.e., the crypto ecosystem). Normally, the fund invests at least 80% of its net assets in securities of Crypto Innovators. It is non-diversified.