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Exchange-traded funds focused on bitcoin (BTC-USD), blockchain technology and the Indian economy represented the top-performing themes during H1 2024, Ned Davis Research said.
The Grayscale Bitcoin Trust ETF (GBTC) topped NDR’s list released Thursday as part of its mid-year outlook, Grayscale’s John Hoffman at the Seeking Alpha Summit last week predicted that crypto is “going to be in every portfolio” over the next 20 years.
So far in 2024, the MSCI World Index (URTH) has gained 11%. The S&P 500 (SP500)(SPY)(VOO) has advanced ~15%, powered largely by mega-cap tech stocks including Nvidia (NVDA) and Meta (META).
Here’s NDR’s list of themes and ETFs with YTD performances through early Friday. *ETF’s weight in the ‘Magnificent 7’ are in parenthesis:
- Theme: Bitcoin – Grayscale Bitcoin Trust ETF (GBTC) – YTD gain: 54.5%
- Theme: Blockchain – Amplify Transformational Data Sharing ETF (BLOK)*(1.4) – YTD gain: 20.3%
- Theme: India – Columbia India Consumer (INCO) – YTD gain: 19.2%
- Theme: 5G & IoT – Defiance 5G Next Gen Connectivity ETF (FIVG) *(12.9) – YTD gain: 16.5%
- Theme: Video Games – VanEck Video Gaming and eSports ETF (ESPO) – YTD gain: 18.3%
- Theme: Climate Change – Xtrackers MSCI USA Climate Action Equity ETF (USCA)*(32.0) – YTD gain: 16.3%
- SPDR S&P 500 ETF Trust (SPY)*(32.5) – YTD gain: 15.3%
- Theme: AI & Automation – Global X Artificial Intelligence & Technology ETF (AIQ)*(24.1) – YTD gain: 14.7%
- Theme: ESG – iShares ESG Aware MSCI USA ETF (ESGU)*(31.0) – YTD gain: 14.6%
- Theme: Metaverse: Roundhill Ball Metaverse ETF (METV)*(33.7) – YTD gain: 14.5%
- Theme: Environmental Services – VanEck Environmental Services ETF (EVX) – YTD gain: 11.9%
- Theme: MLPs – Alerian MLP ETF (AMLP) – YTD gain: 12%
- Theme: Millennials Global X Millennials Consumer ETF (MILN)
- *(12.8) – YTD gain: 9.1%
- Theme: Gold/Silver Miners – VanEck Gold Miners ETF (GDX) – YTD gain: 10.7%
- Theme: Emerging Markets – The Emerging Markets Internet & Ecommerce ETF (EMQQ) – YTD gain: 8.3%