5 Best ETFs to Buy for Q2 2024

An exchange-traded fund is a great way to create a ready made portfolio and trade your favourite sector or companies. This guide picks out the best ETFs available to trade today.
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Updated: Jun 6, 2024

Here our experts choose their favourite ETFs from a range of sectors, including the world’s most popular businesses. Find out their top five ‘exchange-traded fund’ picks and learn about where to get them.

What are the top ETFs to buy?

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You can find the best ETFs in the table below. These have been chosen by our financial experts and you can find the latest price information for each one by following the links. Alternatively, scroll down for a description of the five ETFs and an explanation for why they were chosen.

#ETF tickerETF nameLearn more
1SPMOInvesco S&P 500 Momentum ETFLearn more >
2GBTCGrayscale Bitcoin Trust ETFLearn more >
3SMHVanEck Semiconductor ETFLearn more >
4VDEVanguard Energy Index Fund ETFLearn more >
5GLDSPDR Gold TrustLearn more >
List chosen by our team of analysts, June 2024

1. Invesco S&P 500 Momentum ETF (NYSEARCA: SPMO)

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  • Current price: $83.90
  • AUM: $1,558.5 million
  • Annual expense ratio: 0.13%
  • YTD performance: 23.93%
  • Annual dividend yield: 1.04%

The Invesco S&P 500 Momentum ETF focuses on stocks within the S&P 500 that exhibit high momentum, meaning they have performed exceptionally well in the past year. This fund tracks the S&P 500 Momentum Index and aims to invest at least 90% of its assets in the securities comprising this index. The ETF is rebalanced biannually in March and September.

SPMO’s strategy of concentrating on top-performing stocks has resulted in impressive returns. Over the past year, the ETF has outpaced the average performance of its category peers significantly, boasting a one-year return of over 52.7%. This momentum-driven approach, while narrower than some broader market ETFs, has proven effective for investors seeking robust short-term gains. However, its concentrated nature may make it less appealing to those looking for a more diversified, long-term holding.

Notably, the fund’s holdings are heavily weighted towards information technology, with giants like NVIDIA, Apple, and Microsoft comprising a significant portion of the portfolio. This sector focus reflects the ongoing dominance of tech stocks in recent years. For investors confident in the sustained performance of high-momentum stocks, SPMO offers a tactical tilt towards these market leaders.

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2. Grayscale Bitcoin Trust ETF (NYSEARCA: GBTC)

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  • Current price: $63.65
  • AUM: $20.35 billion
  • Annual expense ratio: 1.50%
  • YTD performance: 71.91%
  • Annual dividend yield: N/A

Grayscale Bitcoin Trust is among the largest and most traded Bitcoin ETFs, offering investors exposure to Bitcoin without the complexities of direct purchases and secure storage. Established in 2013 as a private placement, it has a decade-long track record of providing access to the burgeoning cryptocurrency market. In 2024, GBTC transitioned to a spot Bitcoin ETF and listed on NYSE Arca, enhancing its accessibility and liquidity.

The performance of GBTC has been closely tied to the surge in Bitcoin’s value. Managed by Grayscale Investments, a pioneer in the crypto asset management space, GBTC offers efficient exposure to Bitcoin. Each share represents ownership in the Trust, which holds substantial Bitcoin reserves. This structure allows investors to benefit from Bitcoin’s price movements within a regulated framework, avoiding the pitfalls of direct cryptocurrency ownership.

The transformation from a closed-end fund to an open-ended ETF has significantly improved GBTC’s appeal. This shift eliminated the discount to NAV that previously plagued the fund, aligning the trading price closer to the actual value of its Bitcoin holdings. As a result, investors now enjoy better liquidity and more reliable returns, making GBTC an attractive option for those looking to gain from Bitcoin’s potential in a traditional investment vehicle.

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3. VanEck Semiconductor ETF (NASDAQ: SMH)

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  • Current price: $254.41
  • AUM: $20.55 billion
  • Annual expense ratio: 0.35%
  • YTD performance: 50.57%
  • Annual dividend yield: 0.41%

The VanEck Semiconductor ETF offers investors a concentrated exposure to the U.S. semiconductor industry by tracking the 25 largest U.S.-listed semiconductor companies. This ETF includes a mix of giant, large, and mid-cap companies, providing a balanced risk/return profile. With its top 10 holdings accounting for over two-thirds of total assets, SMH is inherently top-heavy but well-positioned to benefit from the surge in semiconductor demand driven by technological advancements.

SMH has particularly thrived amid the recent AI boom, as semiconductors are pivotal in powering AI technologies. The ETF’s focus on companies involved in chip design, fabrication, and manufacturing machinery ensures comprehensive exposure to the entire semiconductor value chain, making it a robust choice for investors seeking diversified exposure in this sector.

As technology continues to advance, the demand for semiconductors is expected to grow. The SMH ETF offers a practical way to invest in this vital sector without needing to pick individual stocks. With holdings like Nvidia and Taiwan Semiconductor, SMH provides access to some of the most influential players in the industry, making it an attractive option for long-term investors.

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4. Vanguard Energy Index Fund ETF (NYSEARCA: VDE)

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  • Current price: $125.74
  • AUM: $8.54 billion
  • Annual expense ratio: 0.10%
  • YTD performance: 6.15%
  • Annual dividend yield: 3.04%

The Vanguard Energy Index Fund ETF offers broad-based exposure to the U.S. energy sector, making it a valuable tool for those looking to fine-tune their domestic equity portfolio or hedge against other sectors. With an expense ratio of just 0.10%, VDE is one of the most cost-effective energy ETFs available today. Investors looking for a fund that benefits from the energy sector’s rebound will find VDE appealing.

The fund has a long history dating back to 2004, and its recent performance has been bolstered by firm oil prices and increased energy demand. VDE’s holdings are predominantly in the oil, gas, and consumable fuels sectors, with top positions in Exxon Mobil, Chevron, and ConocoPhillips. This concentration in major energy players supports its strong dividend yield, which stands at over 3.00% annually, one of the highest among energy ETFs.

What sets VDE apart from other energy ETFs like the Energy Select Sector SPDR Fund (XLE) is its broader exposure and diversified portfolio. While XLE focuses on the top 25 energy stocks, VDE includes 113 stocks, offering investors a more comprehensive stake in the energy sector.

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5. SPDR Gold Trust (NYSEARCA: GLD)

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  • Current price: $217.82
  • AUM: $62.81 billion
  • Annual expense ratio: 0.40%
  • YTD performance: 14.21%
  • Annual dividend yield: N/A

The SPDR Gold Trust offers a straightforward way to gain exposure to gold, an asset class that has grown increasingly vital in portfolio diversification. GLD’s underlying assets consist of gold bullion stored in secure vaults, ensuring that its price movements closely track the spot gold price. This physically-backed nature eliminates uncertainties associated with futures-based strategies, making GLD a reliable option for both short-term hedges against market volatility and long-term investment strategies.

GLD has demonstrated robust performance, particularly as gold prices have surged in recent years. The ETF saw impressive returns of 18.19% over the past year and has consistently outperformed its category averages over multiple timeframes.

The current gold bull market, characterized by record high prices, presents a compelling case for including GLD in your investment portfolio. Unlike other assets, gold has a long history of maintaining its value over time, making it a reliable store of wealth. With the economic landscape filled with uncertainty, including persistent inflation and potential market corrections, GLD provides a hedge against these risks.

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Where to buy the best ETFs

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You can get all these ETFs straight away by going to one of the broker platforms below. You can use the links in the table to go to their website and sign up, or read through our in-depth reviews to compare their features.

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What is an ETF?

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It’s a type of financial security that tracks the performance of an index, market, or another type of asset. ETFs trade on the stock exchange so that you can buy or sell them at any time during the day.

An ETF generally holds a range of different stocks. It’s often a good way to create an instant portfolio of your own without having to assess the qualities of individual companies. Similarly, it can give you exposure to stocks that you might not be able to afford on their own.

Are ETFs a good investment?

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It depends on your overall goals. ETFs are ideal for beginners because they’re so easy to use and take away the pressure of having to make the right call on which stocks to own. They might not be the best choice if you want to actively manage your portfolio or make lots of short term trades.

Another factor to consider is the company that manages the ETF and the fees it charges. The likes of Vanguard and Blackrock have been at the top of the money-management field for a long time. Similarly, you should expect to pay low maintenance fees for an ETF, in particular if it’s a passive fund that simply tracks an index or sector.

AThe best way to stay informed about which ETFs might be best is to track the latest ETF news. You can follow what’s going on in the stock market by using the links below, or head straight to a broker in order to get an ETF right now.

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Latest ETF news

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HBAR surges 7% as Hashgraph Association launches world’s first Hedera ETP
The Hashgraph Association and DeFi firm Valour Inc. grabbed the attention of crypto investors with their latest partnership. The duo has joined forces to introduce the first Valour Hedera exchange-traded product (ETP), launched on 18 June on the Frankfurt Stock Exchange (FSX) at the closing bell cer
Move on QQQ ETF: XLT and IYM are firing on all cylinders
Invesco QQQ ETF (QQQ) has become the biggest technology ETFs with over $286 billion in assets. It has done this well by tracking Nasdaq 100, the most popular tech-focused Nasdaq 100 index in the world.  While QQQ is the most popular tech ETF, other alternatives from State Street and Blackrock h
Is the S&P 500 Equal Weight ETF (RSP) a good investment?
The Invesco S&P 500 Equal Weight ETF (RSP) has grown substantially since I wrote about it in June 2023. Its assets have jumped from $37 billion at the time to over $53 billion today and inflows are increasing.  Invesco’s equal weight ETF is lagging However, this trend happened even as the R
Good news for S&P 500 ETFs like SPY, VOO, SPLG, and IVV
The S&P 500 index is having a spectacular rally despite last week’s hawkish Federal Reserve decision. It soared to a record high, bringing the year-to-date gains to over 14%. It has also soared by more than 55% from its lowest level in 2022. Strong S&P 500 forecasts This surge has been good
iShares Turkey ETF (TUR) is thriving as lira (TRY) plunges
Turkish stocks are beating Wall Street in 2024 even as the lira sits at a record low. The iShares MSCI Turkey ETF (TUR) has jumped by almost 30% this year while the S&P 500 and Nasdaq 100 indices have soared by less than 50%. Turkish stocks are soaring Turkish equities have done well even as [&h
Are dividend ETFs like JEPI, DVY, FALN, and VYM worth it?
Dividend ETFs have become popular assets among income-focused investors because of the regular income they provide. Many big funds like the iShares Select Dividend ETF (DVY) and the Schwab US Dividend Equity ETF (SCHD) have attracted over $17 billion and $54 billion in assets.  The JPMorgan Equ

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Ritesh A.
Market Analyst & Pro-Trader
Ritesh is a Market Analyst & Pro-Trader for Invezz, covering the stocks, forex, and commodities markets. With over a decade of experience in fundamental and technical... read more.
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.