5 ETFs Deserving Special Thanks In Pandemic-Stricken 2020

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It’s time for Thanksgiving and Americans are ready to stuff their plates with food and carts with shopping, especially online, due to the coronavirus pandemic. The celebration of bounty and gratitude is in full swing in the investment world as well.

Let’s explore it by screening ETFs that have rewarded investors this year.

How is the Stock Market Faring?

After being badly hit by the pandemic in March, Wall Street has staged an astounding comeback on COVID-19 vaccine optimism and continued support from the Federal Reserve. The rally strengthened this month driven by the spate of encouraging data on the progress of vaccine as well as the potential for a divided government though the spike in new cases is weighing on investors’ sentiment.  

This is especially true as vaccine development is being viewed as “a beginning to the end” of the coronavirus pandemic, and the prospect of a divided congress is considered favorable for the economy with lower chances of major tax increases and tighter regulations. Additionally, improving prospects for a smooth White House transition led to the strength.

While all the three major indices hit new highs in the latest session, the Dow Jones Industrial Average topped the 30,000 milestone for the first time ever. Last week, the index made the fastest bear market recovery in 30 years as it took 1,483 trading days to carve out a new all-time high after hitting a bear market, per Dow Jones Market Data. The Dow Jones is up about 60% since its Mar 23 bear market.

That said, a few corners are easily crushing the broader market in the year-to-date period. Below we have highlighted five ETFs from different zones that have been star performers so far this year and could be better plays in the coming months. These ETFs deserve special thanks and attention going into the New Year too.

Invesco WilderHill Clean Energy ETF (PBW - Free Report) – Up 171%

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any ...

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