Top ETFs to Invest in August 2024: A Comprehensive Guide

As we head into August 2024, the financial markets are showing signs of stability, making it an excellent time to explore top ETFs to invest in. The SPDR S&P 500 ETF Trust (SPY) is a top contender, with its broad market exposure and low expense ratio.

Investors seeking to diversify their portfolios can consider the Vanguard Total Stock Market ETF (VTI), which tracks the CRSP US Total Market Index. This ETF offers a comprehensive look at the US stock market, with over 3,500 holdings.

The Invesco QQQ ETF (QQQ) is another popular option, tracking the Nasdaq-100 Index. This ETF is heavily weighted towards technology stocks, making it a great choice for those looking to invest in this sector.

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If you're looking for top-performing ETFs to invest in August 2024, consider the Invesco S&P 500 High Dividend Low Volatility ETF, which returned 14.79% in the quarter and 34.34% over the last 12 months.

Its expense ratio is 0.3%, and it has a Morningstar Medalist Rating of Neutral. This ETF is passively managed and tracks the S&P 500 High Dividend Low Volatility Index.

Alternatively, the SPDR SSGA US Small Cap Low Volatility Index ETF returned 13.63% in the quarter and 29.09% over the last 12 months. Its expense ratio is 0.12%, and it has a Silver Morningstar Medalist Rating.

Here are some of the top ETFs to consider in August 2024:

These ETFs offer attractive returns and low expense ratios, making them worth considering for your investment portfolio.

Global Stock Investing is a great way to diversify your portfolio and potentially earn regular income through dividend stocks. Dividend stocks are paid by profitable and established companies, making them an attractive option for investors seeking regular income in times of low interest rates.

Investors can access global dividend stocks through various index concepts and ETFs. For example, the Xtrackers MSCI World High Dividend Yield ESG UCITS ETF 1D has a total expense ratio of 0.25% p.a., making it one of the cheapest options available.

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If you're looking for more ideas on top-performing or cheapest ETFs, consider using Morningstar's guide to ETF investing and their screener tool to find the best ETFs according to your specific criteria.

Here are some of the top ETFs to consider, ranked by total expense ratio:

By exploring these options and using tools like Morningstar's screener, you can make informed decisions and potentially find the best ETFs for your investment goals.

The S&P 500 is a popular choice for investors seeking to track the performance of the US stock market. The SPDR Portfolio S&P 500 Growth ETF (SPYG) is a low-cost option that focuses on large-cap growth stocks in the S&P 500 Growth Index.

This ETF has a 5-year return of 16.4 percent and an expense ratio of 0.04 percent. The SPDR Portfolio S&P 500 Growth ETF is heavily concentrated in information technology and consumer discretionary stocks, with Apple, Amazon, and Microsoft sitting near the top of its holdings.

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The SPDR Portfolio S&P 500 High Dividend ETF is another option for investors seeking to track the S&P 500. This ETF has a 2-star Morningstar Rating and an expense ratio of 0.07 percent.

Here are some key statistics for the SPDR Portfolio S&P 500 Growth ETF and the SPDR Portfolio S&P 500 High Dividend ETF:

The SPDR SSGA US Small Cap Low Volatility Index ETF is another option for investors seeking to track a specific index. This ETF has a 4-star Morningstar Rating and an expense ratio of 0.12 percent.

ETF performance metrics can be a bit overwhelming, but let's break it down. The Morningstar US Equity category was screened for the best-performing stock ETFs, and two funds fell into the small blend category, where the average name rose 8.43% in the third quarter.

To give you a better idea, let's look at the top-performing ETFs up to 1 December 2024. The Invesco CoinShares Global Blockchain ETF topped the list with a 23.7% change, followed closely by the iShares S&P 500 Cnsmr Discr Sect ETF with a 14.7% change.

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Here's a snapshot of the top-performing ETFs in different timeframes:

In the third quarter, the Invesco CoinShares Global Blockchain ETF rose by 30.8%, while the iShares S&P 500 Cnsmr Discr Sect ETF increased by 26.8%. These numbers demonstrate the potential for significant returns in the right ETFs.

To put this into perspective, the Invesco CoinShares Global Blockchain ETF has been a consistent performer, with a 48.5% change in the year to date. This is a remarkable return, especially considering the risks associated with investing in specialist ETFs.

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If you're looking for popular ETFs to invest in, here are a few options to consider. The ProShares Russell 2000 Dividend Growers ETF is a passively managed fund that has returned 26.09% over the last 12 months.

Its low expense ratio of 0.4% is a major advantage, and it has outperformed the average small blend fund in its category. The fund has a Morningstar Medalist Rating of Negative, which may be a concern for some investors.

The SPDR Portfolio S&P 500 Growth ETF is another option to consider, with a rock-bottom expense ratio of 0.04%. Its 5-year annualized returns are impressive at 16.4 percent, and it has a dividend yield of 0.6 percent.

Here are some key statistics for these popular ETFs:

The SPDR Portfolio S&P 500 High Dividend ETF is another fund that has outperformed its category, returning 36.19% over the last 12 months. Its low expense ratio of 0.07% is also a major advantage.

If you're looking for a dividend ETF with a large fund size, you've got some options. The largest global dividend ETF by fund size in EUR is the Vanguard FTSE All-World High Dividend Yield UCITS ETF Distributing, with a fund size of 4,748 million euros.

The iShares STOXX Global Select Dividend 100 UCITS ETF (DE) comes in second, with a fund size of 2,596 million euros. This is a significant amount of money, and it's a testament to the popularity of this ETF.

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF is third on the list, with a fund size of 1,240 million euros. This is still a substantial amount, and it shows that investors are interested in dividend-paying stocks in developed markets.

Here are the top 3 largest global dividend ETFs by fund size in EUR:

The FTSE All-World High Dividend Yield index is a popular choice for investors looking for high dividend stocks. It tracks high dividend stocks from developed and emerging economies worldwide.

The index selects stocks with the highest dividend yields from its parent index, the FTSE All-World index (excluding REITs). This selection method is based on the expected dividend yield for the next 12 months.

The FTSE All-World High Dividend Yield index has 2,165 constituents as of June 28, 2024, making it the largest available dividend index. This is a significant number of stocks, demonstrating the index's broad coverage of high dividend stocks.

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The index is weighted by the free float market capitalization of the selected companies. This means that larger companies with more market capitalization will have a greater impact on the index's performance.

Here's a brief overview of the FTSE All-World High Dividend Yield index:

Note that the index does not provide information on its rebalancing frequency.

Equity investing can be a great way to grow your wealth over time. You can get great performance even while paying rock-bottom costs, as seen with the Schwab U.S. Large-Cap Growth ETF (SCHG), which has an expense ratio of 0.04 percent.

One of the benefits of equity investing is diversification. An ETF provides instant diversification across multiple stocks, unlike buying individual stocks which requires building your own diversified portfolio. For instance, buying the iShares Russell Top 200 Growth ETF (IWY) gives you exposure to over 100 large-cap U.S. growth stocks.

Another advantage of equity investing is the potential for long-term returns. The Vanguard Mega Cap Growth ETF (MGK) has delivered outstanding returns over time, with a 5-year annualized return of 18.5 percent. Similarly, the iShares Russell 1000 Growth ETF (IWF) has also delivered excellent returns, with a 5-year annualized return of 18.0 percent.

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If you're looking for high dividend yields, you may want to consider the Invesco S&P 500 High Dividend Low Volatility ETF, which has a dividend yield of 1.4 percent. However, keep in mind that this ETF has a Morningstar Rating of 2 stars.

Here are some popular equity ETFs to consider:

Remember to always do your own research and consider your investment goals and risk tolerance before investing in any ETF.

The ALPS Sector Dividend Dogs ETF is a notable performer, returning 12.66% in the quarter and 30.64% over the last 12 months. This is impressive, especially considering it outpaced the average fund in its category.

This ETF has a Morningstar Rating of 2 stars, which indicates a neutral performance. It's worth noting that the ETF has a Negative Morningstar Medalist Rating, suggesting that our analysts expect it to underperform.

The ALPS Sector Dividend Dogs ETF has a relatively low expense ratio of 0.36%. This is a plus for investors, as lower fees can add up over time.

Here's a quick summary of the ETF's key stats: