Best Performing ETFs of 1H 2022

Best Performing ETFs of 1H 2022

These funds bucked the downtrend in the broader financial markets.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

[Editor's Note: This article is updated throughout the year with the most current market data. Click here for the previous edition.]

 

Few ETFs have escaped the vicious selling in financial markets this year. As of the end of June, a mere 7% of U.S.-listed ETFs were in the green on a year-to-date basis.  

One group, however, has managed to buck the trend in a big way—commodity ETFs, and particularly, energy ETFs. In fact, nearly every fund within the top 25 best-performing ETFs of the first half of 2022 fit within those categories.  

That includes the top-performing GS Connect S&P GSCI Enhanced Commodity TR Strategy Index ETN (GSCE), the United States Gasoline Fund (UGA), the United States Brent Oil Fund (BNO) and the United States Natural Gas Fund (UNG), each up more than 50%. 

When excluding inverse and leveraged funds, the threshold to make the top 25 ETFs of the first half of 2022 was 30%, an excellent return in a year in which the SPDR S&P 500 ETF Trust (SPY) is down by 20% and the iShares Core U.S. Aggregate Bond ETF (AGG) is lower by 10.2%. 

Noncommodity Winners  

While commodity-related ETFs have comprised the vast majority of this year’s top-performing ETFs, a few noncommodity funds managed to sneak into the top 25. 

The Simplify Interest Rate Hedge ETF (PFIX) and the FolioBeyond Rising Rates ETF (RISR), both of which benefit from the current interest rate environment, gained 51% and 31%, respectively. 

The KFA Mount Lucas Index Strategy ETF (KMLM), which owns a combination of commodities, currencies and fixed income futures, also made it into the top 25, with a return of 31%. 

For a full list of the best-performing ETFs of the year, see the table below: 

 

Best Performing ETFs Of The Year (excluding leveraged/inverse)

TickerFundYTD Rtn
GSCE GS Connect S&P GSCI Enhanced Commodity Total Return Strategy Index ETN+69.94%
UGA United States Gasoline Fund LP+65.58%
RJN ELEMENTS Linked to the Rogers International Commodity Index - Energy To Return+62.12%
JJE iPath Series B Bloomberg Energy Subindex Total Return ETN+60.00%
BNO United States Brent Oil Fund LP+56.58%
UNL United States 12 Month Natural Gas Fund LP+54.09%
DBE Invesco DB Energy Fund+53.22%
UNG United States Natural Gas Fund LP+52.20%
GAZ iPath Series B Bloomberg Natural Gas Subindex Total Return ETN+51.56%
PFIX Simplify Interest Rate Hedge ETF+50.45%
USO United States Oil Fund LP+47.81%
OIL iPath Pure Beta Crude Oil ETN+46.08%
OILK Proshares Trust-Proshares K-1 Free Crude Oil Strategy Etf+44.89%
GSP iPath GSCI Total Return Index ETN+42.14%
USL United States 12 Month Oil Fund LP+41.64%
GSG iShares S&P GSCI Commodity Indexed Trust+35.01%
DBO Invesco DB Oil Fund+34.61%
PXE Invesco Dynamic Energy Exploration & Production ETF+34.56%
COMT iShares GSCI Commodity Dynamic+32.58%
XLE Energy Select Sector SPDR Fund+31.42%
KMLM KFA Mount Lucas Index Strategy ETF+31.36%
RISR FolioBeyond Rising Rates ETF+30.92%
RYE Invesco S&P 500 Equal Weight Energy ETF+30.63%
VDE Vanguard Energy ETF+30.47%

Data measures total returns for the year-to-date period through June 30.

 

Follow Sumit on Twitter @sumitroy2 

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.