Exchange-traded funds, or ETFs, are often low-cost instruments for investors to track popular indexes or leverage experienced manager choices in an attempt to beat the market. The best ones serve as building blocks for a portfolio, and unlike open-end mutual funds, all ETFs are traded throughout the day on an exchange.
In February 2025, the top-performing ETFs included equity technology funds UBS Solactive China Technology CQQQ and Invesco MSCI China Technology All Shares Stock Connect MCHT. Data in this article is sourced from Morningstar Direct.
Screening for the Best-Performing ETFs
To find the month’s best-performing ETFs, we screened those in Morningstar’s equity, allocation, or fixed-income categories that are available in the UK. We excluded exchange-traded notes, known as ETNs, and ETFs with less than $25 million £19.7 million in total assets. We also excluded funds that fall into Morningstar’s “trading” categories, as these funds are designed for active traders and are not suitable for long-term investors.
Within our list, two funds fell into the China equity category, where the average name rose 9.55% in February.
The 10 Best-Performing ETFs for February 2025
1. UBS ETF - Solactive China Technology UCITS ETF CQQQ
2. Invesco MSCI China Technology All Shares Stock Connect UCITS ETF MCHT
3. Amundi MSCI China ESG Leaders Extra UCITS ETF ASI
4. Amundi Euro Stoxx Banks UCITS ETF BNKE
5. iShares EURO STOXX Banks 30-15 UCITS ETF DE EXX1
6. Invesco EURO STOXX Optimised Banks UCITS ETF S7XE
7. Invesco STOXX Europe 600 Optimised Banks UCITS ETF SC0U
8. Multi Units Luxembourg - Amundi STOXX Europe 600 Banks UCITS ETF LBNK
9. iShares STOXX Europe 600 Banks UCITS ETF DE EXV1
10. Amundi MSCI China UCITS ETF LCCN
Best-Performing ETFs Available in the UK
Source: Morningstar Direct. Data as of Feb. 28, 2025.
Metrics for the Best-Performing ETFs
UBS ETF - Solactive China Technology UCITS ETF
• Morningstar Rating: ★
• Expense Ratio: 0.50%
• Morningstar Category: Equity Technology
The £47 million UBS Solactive China Technology was the best-performing ETF in February, with a 17.91% return. The passively managed UBS ETF beat the 4.79% decline on the average fund in Morningstar’s equity technology category for the month. Over the last 12 months, UBS Solactive China Technology has returned 49.49%, outperforming the 13.31% gain on the average fund in its category, leaving the ETF in the 2nd percentile.
UBS ETF - Solactive China Technology has a Morningstar Medalist Rating of Bronze. It was launched in March 2021.
Invesco MSCI China Technology All Shares Stock Connect UCITS ETF
• Morningstar Rating: ★
• Expense Ratio: 0.49%
• Morningstar Category: Equity Technology
The second-best performing ETF in February was the £64 million Invesco MSCI China Technology All Shares Stock Connect. The passively managed Invesco ETF returned 13.60%, outperforming the average equity technology fund, which lost 4.79%. Looking back over the last year, Invesco MSCI China Technology All Shares Stock Connect has returned 49.76%, outperforming the 13.31% return on the average fund in its category, leaving the ETF in the 3rd percentile.
The Bronze-rated Invesco MSCI China Technology All Shares Stock Connect was launched in June 2021.
Amundi MSCI China ESG Leaders Extra UCITS ETF
• Morningstar Rating: ★
• Expense Ratio: 0.65%
• Morningstar Category: China Equity
The £548 million Amundi MSCI China ESG Leaders Extra ranked third for the month, returning 12.52%. The Amundi ETF, which is passively managed, topped the 9.55% average return on funds in the China equity category for February. Over the last 12 months, the Amundi ETF has returned 35.81%, ahead of the 30.45% gain on the average fund in its category, leaving the ETF in the 20th percentile.
Amundi MSCI China ESG Leaders Extra takes environmental, social, and governance criteria into consideration. This fund has a Morningstar Medalist Rating of Neutral.
Amundi Euro Stoxx Banks UCITS ETF
• Morningstar Rating: ★★
• Expense Ratio: 0.30%
• Morningstar Category: Equity Financial Services
With a 12.33% return, the £1.1 billion Amundi Euro Stoxx Banks ranked fourth in February. The passively managed Amundi ETF outperformed the 1.06% return on the average equity financial services fund. Over the last year, the fund has gained 54.79%, ahead of the 30.29% return on funds in its category, placing it in the 5th percentile for the period.
Amundi Euro Stoxx Banks has a Neutral Morningstar Medalist Rating. It was launched in November 2018.
iShares EURO STOXX Banks 30-15 UCITS ETF DE
• Morningstar Rating: ★★
• Expense Ratio: 0.51%
• Morningstar Category: Equity Financial Services
The fifth-best performing ETF was the £919 million iShares EURO STOXX Banks 30-15, which gained 12.30% in February. This passively managed iShares ETF beat the 1.06% average return on funds in the equity financial services category. Over the past 12 months, iShares EURO STOXX Banks 30-15 rose 54.39%, outperforming the 30.29% return on the average fund in its category and placing it in the 8th percentile.
iShares EURO STOXX Banks 30-15 has a Negative Morningstar Medalist Rating, meaning that our analysts expect it to be one of the worst performers within its category and think it is unlikely to deliver positive returns after fees.
Invesco EURO STOXX Optimised Banks UCITS ETF
• Morningstar Rating: ★★
• Expense Ratio: 0.30%
• Morningstar Category: Equity Financial Services
The £116 million Invesco EURO STOXX Optimised Banks was the sixth-best performing UK ETF in February, with an 11.88% return. The return on the passively managed Invesco ETF topped the 1.06% gain on the average fund in Morningstar’s equity financial services category. Looking back over the last year, Invesco EURO STOXX Optimised Banks has returned 54.04%, outperforming the 30.29% return on the average fund in its category, leaving the ETF in the 9th percentile.
The Neutral-rated Invesco EURO STOXX Optimised Banks was launched in April 2011.
Invesco STOXX Europe 600 Optimised Banks UCITS ETF
• Morningstar Rating: ★★★
• Expense Ratio: 0.20%
• Morningstar Category: Equity Financial Services
The seventh-best performing ETF in February was the £310 million Invesco STOXX Europe 600 Optimised Banks. The passively managed Invesco ETF returned 11.76%, outperforming the average equity financial services fund, which gained 1.06%. Looking back over the last 12 months, Invesco STOXX Europe 600 Optimised Banks has returned 54.45%, outperforming the 30.29% return on the average fund in its category, leaving the ETF in the 11th percentile.
Invesco STOXX Europe 600 Optimised Banks has a Morningstar Medalist Rating of Neutral. It was launched in July 2009.
Multi Units Luxembourg - Amundi STOXX Europe 600 Banks UCITS ETF
• Morningstar Rating: ★★★
• Expense Ratio: 0.30%
• Morningstar Category: Equity Financial Services
The £1.1 billion Amundi STOXX Europe 600 Banks ranked eighth for the month, returning 11.42%. The Amundi ETF, which is passively managed, topped the 1.06% average gain on funds in the equity financial services category. The fund was first launched in March 2024, and as a result, it does not have a one-year track record.
Amundi STOXX Europe 600 Banks has a Morningstar Medalist Rating of Bronze.
iShares STOXX Europe 600 Banks UCITS ETF DE
• Morningstar Rating: ★★★
• Expense Ratio: 0.46%
• Morningstar Category: Equity Financial Services
With an 11.41% gain, the £1.8 billion iShares STOXX Europe 600 Banks ranked ninth in February. The passively managed iShares ETF outperformed the 1.06% return on the average equity financial services fund. Over the last 12 months, the fund has returned 54.41%, ahead of the 30.29% return on funds in its category, placing it in the 7th percentile.
iShares STOXX Europe 600 Banks, launched in April 2001, has a Morningstar Medalist Rating of Bronze.
Amundi MSCI China UCITS ETF
• Morningstar Rating: ★★★
• Expense Ratio: 0.29%
• Morningstar Category: China Equity
The tenth-best performing ETF was the £460 million Amundi MSCI China, which gained 10.28% in February. The passively managed Amundi ETF performed roughly in line with the 9.55% average return on funds in the China equity category. Over the past year, Amundi MSCI China rose 39.74%, outperforming the 30.45% return on the average fund in its category and placing it in the 10th percentile.
Amundi MSCI China has a Morningstar Medalist Rating of Bronze. It was launched in July 2018.
What Are ETFs?
Exchange-traded funds are investments that trade throughout the day on stock exchanges, much like individual stocks. They differ from traditional mutual funds—known as open-end funds—which can only be bought or sold at a single price each day. Historically, ETFs have tracked indexes, but in recent years, more ETFs have been actively managed. ETFs cover a range of asset classes, including stocks, bonds, commodities, and most recently cryptocurrency.
The Best ETFs: More Ideas to Consider
Investors who would like to find more of the top-performing or cheapest ETFs can do the following:
• Read the latest articles on ETFs.
• Use the ETF screener to find the best ETFs according to your specific criteria. You can search for funds based on their fees, Morningstar Medalist Ratings, manager tenures, and more.
• Compare funds and ETFs side by side and easily follow their valuations, ratings, and fees.
This article was compiled by Bella Albrecht, edited by Lauren Solberg, and reviewed by Sunniva Kolostyak.
This article was generated with the help of automation and reviewed by Morningstar editors. Learn more about Morningstar’s use of automation.
The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar's editorial policies.
