In this week’s edition of Best Performing ETFs, Bitcoin and Uranium ETFs lead based on one-week returns. Other metals-focused ETFs, such as those focused on silver, have also performed well, with a single strategy focused on decarbonization also making an appearance. Metals and Bitcoin strategies operate in different spaces and global trends, but both could owe their returns to defensive-minded investors.
Uranium ETFs took four of the 12 total spots in the top rankings, but two of them were in the top two. THE Sprott Uranium Miners ETF (URNM) and the Sprott Junior Uranium Miners ETF (URNJ) reported 9.5% and 9.4%, respectively. The duo saw the VanEck Uranium+Nuclear Energy ETF (NLR) and the Global X Uranium ETF (URA) Join them in the top rankings. URNM has returned a staggering 41.1% year-to-date and 44.5% over three years, charging 83 basis points.
Understanding Uranium ETFs
These strategies could benefit from growing global demand for uranium as countries shift their energy systems toward renewable nuclear energy. Nuclear power may also attract increased interest, with winter looming on the horizon for the northern hemisphere. Silver ETFs also performed well during the week, occupying two of the top 12 positions.
Bitcoin strategies have also performed well over the past week, according to Logicly data. Three of the top 12 ETFs focus on bitcoin, including the Valkyrie Bitcoin Strategy ETF (BTF)THE VanEck Bitcoin Strategy ETF (XBTF)and the Global X Blockchain and Bitcoin Strategy ETF (BITS). Bitcoin has seen slight progress on the path to an eventual cash product given recent court rulings, although the returns may also be due to the cryptocurrency being seen as a diversification play.
Finally, the Subversive Decarbonization ETF (DKRB) deserves a mention. The fund finished fourth for the week, returning 7.5% over this period. Just launched in December, it actively invests in companies focused on decarbonization efforts for an amount of 75 basis points. Overall, commodity strategies, whether metal or crypto, led the way this week.
Uranium ETFs as well as Bitcoin and Silver funds dominated last week according to Logicly.For more news, information and analysis, visit Gold/Silver/Critical Materials Channel.
Visualizations and data provided by LOGICLY, which is a wholly owned subsidiary of VettaFi.
Learn more at ETFTrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In this week’s edition of Best Performing ETFs, Bitcoin and Uranium ETFs lead based on one-week returns. Other metals-focused ETFs, such as those focused on silver, have also performed well, with a single strategy focused on decarbonization also making an appearance. Metals and Bitcoin strategies operate in different spaces and global trends, but both could owe their returns to defensive-minded investors.
Uranium ETFs took four of the 12 total spots in the top rankings, but two of them were in the top two. THE Sprott Uranium Miners ETF (URNM) and the Sprott Junior Uranium Miners ETF (URNJ) reported 9.5% and 9.4%, respectively. The duo saw the VanEck Uranium+Nuclear Energy ETF (NLR) and the Global X Uranium ETF (URA) Join them in the top rankings. URNM has returned a staggering 41.1% year-to-date and 44.5% over three years, charging 83 basis points.
Understanding Uranium ETFs
These strategies could benefit from growing global demand for uranium as countries shift their energy systems toward renewable nuclear energy. Nuclear power may also attract increased interest, with winter looming on the horizon for the northern hemisphere. Silver ETFs also performed well during the week, occupying two of the top 12 positions.
Bitcoin strategies have also performed well over the past week, according to Logicly data. Three of the top 12 ETFs focus on bitcoin, including the Valkyrie Bitcoin Strategy ETF (BTF)THE VanEck Bitcoin Strategy ETF (XBTF)and the Global X Blockchain and Bitcoin Strategy ETF (BITS). Bitcoin has seen slight progress on the path to an eventual cash product given recent court rulings, although the returns may also be due to the cryptocurrency being seen as a diversification play.
Finally, the Subversive Decarbonization ETF (DKRB) deserves a mention. The fund finished fourth for the week, returning 7.5% over this period. Just launched in December, it actively invests in companies focused on decarbonization efforts for an amount of 75 basis points. Overall, commodity strategies, whether metal or crypto, led the way this week.
Uranium ETFs as well as Bitcoin and Silver funds dominated last week according to Logicly.For more news, information and analysis, visit Gold/Silver/Critical Materials Channel.
Visualizations and data provided by LOGICLY, which is a wholly owned subsidiary of VettaFi.
Learn more at ETFTrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
