fbpx

Top Tech ETFs Right Now

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more.

There’s just no stopping technology. Every industry heavily depends on it.

However, in the investment world, some tech companies perform well while others don’t. If you are an investor who wants to invest in the tech sector with minimal risk, then technology exchange-traded funds (ETFs) might be a safe bet. 

Unlike direct investments in stocks, an ETF allows you to invest in the total technology market by bundling the assets of several different companies into 1 product. You can invest in the ever-changing tech industries without doing homework on individual stocks.

Check out Benzinga’s list of ETFs to make an informed decision about your next tech investment.

Best Tech ETFs Right Now

Check out the these tech ETFs!

Direxion Daily Dow Jones Internet Bear 3X Shares

The Direxion Dailly Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) adds to Direxion’s expansive ETF lineup. This ETF puts more than 8% of its holdings to the two share classes of Alphabet. The Fund invests in swap agreements, futures contracts, short positions or other financial instruments that offer inverse or short leveraged exposure to the index.

Virtus LifeSci Biotech Products ETF

Following the LifeSci Biotechnology Products Index, the Virtus LifeSci Biotech Products ETF (NYSEARCA:BBP) tracks the performance of U.S.-listed biotechnology companies in the “product stage.” Stocks must earn a majority of revenue from research and development and/or marketing and sales of other novel drugs or other therapies.

Tech ETFs Biggest Gainers and Losers

Within the same sector, some ETFs perform worse than others due to overexposure to a particular stock that has severely tanked and vice versa. 

The expense ratio for these funds ranges from 0.08% to 1.25%. They also happen to be volatile due to the high risk/reward profile of the technology sector. 

Here are tech ETF investments — funds that were hit the most and least:

Gainers

Session: Oct 22, 2020 4:00 pm – Oct 23, 2020 3:59 pm
Symbol Open Close Change Change % Volume
Buy WEBL Stock – Trade for Free WEBL
Direxion Daily Dow Jones Internet Bull 3X Shares
54.75 56.27 1.52 2.77% 62.04K
Buy SOCL Stock – Trade for Free SOCL
Global X Social Media ETF
53.30 54.29 0.99 1.85% 75.08K
Buy XWEB Stock – Trade for Free XWEB
SPDR S&P Internet ETF
124.20 126.34 2.14 1.72% 2.82K
Buy SSG Stock – Trade for Free SSG
ProShares UltraShort Semiconductors
18.60 18.91 0.31 1.66% 11.09K
Buy PSJ Stock – Trade for Free PSJ
Invesco Dynamic Software ETF
131.02 133.04 2.02 1.54% 10.89K
Buy AWAY Stock – Trade for Free AWAY
ETFMG Travel Tech ETF
19.01 19.29 0.28 1.47% 30.22K
Buy SOXS Stock – Trade for Free SOXS
Direxion Daily Semiconductor Bear 3x Shares
32.48 32.95 0.47 1.46% 64.46K
Buy PNQI Stock – Trade for Free PNQI
Invesco Nasdaq Internet ETF
215.43 217.74 2.31 1.07% 12.17K
Buy PTF Stock – Trade for Free PTF
Invesco DWA Technology Momentum ETF
116.24 117.46 1.22 1.04% 4.58K
Buy XITK Stock – Trade for Free XITK
SPDR FactSet Innovative Technology ETF
179.08 180.96 1.88 1.04% 15.21K
Buy FDN Stock – Trade for Free FDN
First Trust DJ Internet Index Fund
197.77 199.79 2.02 1.02% 15.72K
Buy GDAT Stock – Trade for Free GDAT
Goldman Sachs Data-Driven World ETF
71.04 71.76 0.72 1.01% 2.91K
Buy LABU Stock – Trade for Free LABU
Direxion Daily S&P Biotech Bull 3X Shares
60.72 61.33 0.61 1.00% 64.69K
Buy ARKW Stock – Trade for Free ARKW
ARK Next Generation Internet ETF
117.36 118.49 1.13 0.95% 35.55K
Buy WCLD Stock – Trade for Free WCLD
WisdomTree Cloud Computing Fund
45.01 45.43 0.42 0.93% 19.91K
Buy LOUP Stock – Trade for Free LOUP
Innovator Loup Frontier Tech E
38.58 38.94 0.36 0.92% 5.82K
Buy ITEQ Stock – Trade for Free ITEQ
BlueStar Israel Technology ETF
58.70 59.21 0.51 0.86% 5.30K
Buy ROM Stock – Trade for Free ROM
ProShares Ultra Technology
60.59 61.09 0.50 0.82% 78.75K
Buy ARKF Stock – Trade for Free ARKF
ARK Fintech Innovation ETF
42.64 42.96 0.32 0.73% 35.65K
Buy AIQ Stock – Trade for Free AIQ
Global X Artificial Intelligence & Technology ETF
24.38 24.55 0.17 0.70% 31.91K

Losers

Session: Oct 22, 2020 4:00 pm – Oct 23, 2020 3:59 pm
Symbol Open Close Change Change % Volume
Buy WEBS Stock – Trade for Free WEBS
Direxion Daily Dow Jones Internet Bear 3X Shares
38.13 37.16 -0.97 -2.54% 3.32K
Buy USD Stock – Trade for Free USD
ProShares Ultra Semiconductors
82.70 80.78 -1.92 -2.33% 21.21K
Buy SOXL Stock – Trade for Free SOXL
Direxion Daily Semiconductor Bull 3x Shares
294.69 290.29 -4.40 -1.50% 45.34K
Buy LABD Stock – Trade for Free LABD
Direxion Daily S&P Biotech Bear 3X Shares
48.97 48.36 -0.61 -1.24% 42.76K
Buy LIT Stock – Trade for Free LIT
Global X Lithium & Battery Tech ETF
42.57 42.17 -0.40 -0.94% 30.58K
Buy TDIV Stock – Trade for Free TDIV
First Trust NASDAQ Technology Dividend Index Fund
44.82 44.47 -0.35 -0.79% 45.09K
Buy KEMQ Stock – Trade for Free KEMQ
KraneShares Emerging Markets Consumer Technology Index ETF
29.45 29.23 -0.23 -0.77% 4.28K
Buy TECL Stock – Trade for Free TECL
Direxion Technology Bull 3X Shares
317.61 315.50 -2.11 -0.67% 23.83K
Buy CHIK Stock – Trade for Free CHIK
Global X Funds Global X MSCI China Information Technology ETF
27.81 27.64 -0.17 -0.62% 11.21K
Buy CWEB Stock – Trade for Free CWEB
Direxion Daily CSI China Internet Index Bull 2X Shares
53.00 52.68 -0.33 -0.62% 19.68K
Buy BIS Stock – Trade for Free BIS
ProShares UltraShort Nasdaq Biotechnology
30.29 30.13 -0.16 -0.54% 41.53K
Buy REW Stock – Trade for Free REW
ProShares UltraShort Technology
17.82 17.73 -0.09 -0.51% 5.00K
Buy QQH Stock – Trade for Free QQH
HCM Defender 100 Index ETF
35.73 35.56 -0.17 -0.48% 0.48K
Buy SOXX Stock – Trade for Free SOXX
iShares PHLX SOX Semiconductor Sector Index Fund
321.47 319.94 -1.53 -0.48% 23.25K
Buy GNOM Stock – Trade for Free GNOM
Global X Genomics & Biotechnology ETF
18.95 18.88 -0.07 -0.37% 23.10K
Buy CQQQ Stock – Trade for Free CQQQ
Invesco China Technology ETF
72.91 72.68 -0.23 -0.32% 13.29K
Buy SMH Stock – Trade for Free SMH
VanEck Vectors Semiconductor ETF
184.44 183.87 -0.57 -0.31% 1.61M
Buy KWEB Stock – Trade for Free KWEB
KraneShares Trust KraneShares CSI China Internet ETF
71.10 70.91 -0.19 -0.27% 1.04M
Buy XLK Stock – Trade for Free XLK
SPDR Select Sector Fund – Technology
118.60 118.36 -0.24 -0.21% 4.95M
Buy TTTN Stock – Trade for Free TTTN
UP Fintech China-U.S. Internet Titans ETF
42.10 42.02 -0.08 -0.20% 0.98K

Premarket Tech ETFs

ETFs can be transacted before general market timing. Premarket runs from 4 a.m. to 9:30 a.m. ET. This activity has limited volume and liquidity, so large bid-ask spreads are prevalent. 

Gainers

Session: Oct 22, 2020 4:00 pm – Oct 23, 2020 9:29 am
Symbol Open Close Change Change % Volume
Buy BIB Stock – Trade for Free BIB
ProShares Ultra Nasdaq Biotechnology
70.25 71.25 1.00 1.42% 0.11K
Buy LABU Stock – Trade for Free LABU
Direxion Daily S&P Biotech Bull 3X Shares
60.72 61.38 0.66 1.08% 9.35K
Buy ARKF Stock – Trade for Free ARKF
ARK Fintech Innovation ETF
42.64 42.99 0.35 0.82% 2.27K
Buy ARKW Stock – Trade for Free ARKW
ARK Next Generation Internet ETF
117.36 118.33 0.97 0.82% 1.61K
Buy IBB Stock – Trade for Free IBB
iShares Nasdaq Biotechnology Index Fund
136.15 136.97 0.82 0.60% 5.53K
Buy SOXS Stock – Trade for Free SOXS
Direxion Daily Semiconductor Bear 3x Shares
32.48 32.57 0.09 0.27% 0.33K
Buy XLK Stock – Trade for Free XLK
SPDR Select Sector Fund – Technology
118.60 118.80 0.20 0.16% 2.09K

Losers

Session: Oct 22, 2020 4:00 pm – Oct 23, 2020 9:29 am
Symbol Open Close Change Change % Volume
Buy LABD Stock – Trade for Free LABD
Direxion Daily S&P Biotech Bear 3X Shares
48.97 48.05 -0.92 -1.88% 2.38K
Buy SOXL Stock – Trade for Free SOXL
Direxion Daily Semiconductor Bull 3x Shares
294.69 293.00 -1.69 -0.58% 2.12K
Buy SMH Stock – Trade for Free SMH
VanEck Vectors Semiconductor ETF
184.44 183.70 -0.74 -0.41% 2.74K
Buy CQQQ Stock – Trade for Free CQQQ
Invesco China Technology ETF
72.91 72.79 -0.12 -0.17% 0.72K

Aftermarket Tech ETFs

ETFs can also be transacted after the general market timings. Aftermarket is open 4 p.m. to 8 p.m. ET. In the aftermarket, there is less trade volume and large bid-ask spreads — which implies higher volatility. You can expect short-term profits by purchasing during the aftermarket.

Gainers

Session: Oct 23, 2020 4:00 pm – Oct 23, 2020 7:59 pm
Symbol Open Close Change Change % Volume
Buy BIB Stock – Trade for Free BIB
ProShares Ultra Nasdaq Biotechnology
70.74 71.82 1.08 1.52% 1.34K
Buy SOCL Stock – Trade for Free SOCL
Global X Social Media ETF
54.22 55.00 0.78 1.43% 0.34K
Buy TECS Stock – Trade for Free TECS
Direxion Technology Bear 3X Shares
12.34 12.40 0.06 0.44% 8.84K
Buy SOXS Stock – Trade for Free SOXS
Direxion Daily Semiconductor Bear 3x Shares
32.87 32.96 0.09 0.27% 7.79K
Buy LABU Stock – Trade for Free LABU
Direxion Daily S&P Biotech Bull 3X Shares
61.39 61.55 0.16 0.26% 10.25K
Buy XLK Stock – Trade for Free XLK
SPDR Select Sector Fund – Technology
118.43 118.70 0.27 0.22% 10.81K
Buy SOXX Stock – Trade for Free SOXX
iShares PHLX SOX Semiconductor Sector Index Fund
320.34 320.71 0.37 0.11% 14.77K
Buy KWEB Stock – Trade for Free KWEB
KraneShares Trust KraneShares CSI China Internet ETF
70.95 70.98 0.03 0.04% 11.55K
Buy ARKF Stock – Trade for Free ARKF
ARK Fintech Innovation ETF
42.96 42.97 0.01 0.02% 2.23K

Losers

Session: Oct 23, 2020 4:00 pm – Oct 23, 2020 7:59 pm
Symbol Open Close Change Change % Volume
Buy LABD Stock – Trade for Free LABD
Direxion Daily S&P Biotech Bear 3X Shares
48.58 48.10 -0.48 -0.99% 5.91K
Buy SOXL Stock – Trade for Free SOXL
Direxion Daily Semiconductor Bull 3x Shares
290.81 290.60 -0.21 -0.08% 5.44K

Why Invest in Tech ETFs?

Tech ETFs are closed-ended mutual funds traded on exchanges that invest in companies within the technology sector. The key advantages of investing in a sector through an ETF are low ticket size, diversification and tax efficiency compared to open-ended mutual funds and other asset classes.

There are 5 practical reasons why you should consider investing in technology ETFs:

  • Lower risk through diversification: Investing directly in individual stocks could lead to concentration risk. Investing in tech ETFs can give you exposure to a well-performing and diversified set of tech stocks. Investment professionals skillfully handpick a range of stocks, which ensures that your eggs are in different baskets.
  • Easy liquidity: Tech ETFs trade on the exchanges, so they can be bought and sold during market hours. Unlike individual stocks, the volume of buyers and sellers does not tend to dry up while trading in ETFs.
  • Extremely low maintenance: If you invest directly, constant monitoring and analysis of the stocks in the respective fields can take a lot of time and effort. ETFs have dedicated fund managers and research analysts to do that work for you.
  • Lower fees compared to mutual funds: Every professional fund manager charges a certain fee to manage your funds. This commission can sometimes run you dry, especially if you haven’t accounted for this hidden investment. There’s a stark difference in the cost of ETFs compared to mutual funds. The expense ratios for ETFs range from 1.10% to 1.25% of the fund’s earnings. 
  • Ideal for investing in small amounts: If you’re a young investor or completely new to investing, it’s ideal to start small. Investing in ETFs lets you spend as little as the price of 1 share — similar to penny stocks. This makes ETF investments accessible to the average wage earner.

Best Online Brokers for Tech ETFs

We’ve shortlisted a list of few quality online brokers ready to help you invest and trade in tech ETFs.

Commissions
$0 $6.95 for OTC Stocks
Account Minimum
$0
Get started securely through TD Ameritrade’s website
Commissions
$0 $6.95 for OTC Stocks
Account Minimum
$0
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates
Commissions
$0
Account Minimum
$0
Get started securely through Webull’s website
Commissions
$0
Account Minimum
$0
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
Pros
  • Commission-free trading in over 5,000 different stocks and ETFs
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
  • Intuitive trading platform with technical and fundamental analysis tools
Cons
  • Does not support trading in options, mutual funds, bonds or OTC stocks
Commissions
$0 per trade
Account Minimum
$0 to open an account
Get started securely through Robinhood’s website
Commissions
$0 per trade
Account Minimum
$0 to open an account
1 Minute Review

Robinhood is the broker for traders who want a simple, easy-to-understand layout without all the bells and whistles other brokers offer. Though its trading options and account types are limited, even an absolute beginner can quickly master Robinhood’s intuitive and streamlined platform. On the other hand, more advanced traders might be frustrated by Robinhood’s lack of technical analysis tools, a feature that’s now nearly universal across other platforms.

Best For
  • Beginner traders
  • Mobile traders
Pros
  • Streamlined, easy-to-understand interface
  • Mobile app with full capabilities
  • Can buy and sell cryptocurrency
Cons
  • Almost no trading analysis tools available
  • Only taxable brokerage accounts available
  • No option to open a retirement account
  • No access to mutual funds, forex or futures trading
  • Limited customer service

Reaping the Benefits of Tech ETFs

Investing in tech ETFs is already a step in the right direction if you’re hoping to profit from the booming technology sector.

Instant diversification and low fees make tech ETFs ideal for first-time investors or seasoned pros interested in the tech sector as opposed to specific companies. Connect with one of our recommended brokers to invest in tech ETFs today.

Benzinga's #1 Breakout Stock Every Month

Looking for stocks that are about to breakout for gains of 10%, 15%, even 20% potentially or more? The only problem is finding these stocks takes hours per day. Fortunately, Benzinga's Breakout Opportunity Newsletter that could potentially break out each and every month. You can today with this special offer:

Click here to get our #1 breakout stock every month.

Hire a Pro: Compare Financial Advisors In Your Area