Investors are unlikely to be surprised that the technology sector has produced all of the best-performing exchange-traded funds in the last ten years, with Amundi MSCI world info tech topping the returns table in 2023, as the decade-long tech sector dominance is based on exuberance over artificial intelligence.

For this exercise, I filtered ETFs available for sale in Europe with over $100 million in AUM and more than ten years of track record of performance.  I have also excluded any leveraged product.

1. Amundi MSCI World Information Technology ETF

Amundi MSCI World Info tech fund that aims to track the benchmark index MSCI Daily TR World Net Information Technology USD.

The MSCI Daily TR World Net Information Technology USD is a free float-adjusted market capitalization index that is designed to measure the investable universe and the performance of the Information Technology listed companies. It is designed to cover large and mid-cap securities and is constructed using the MSCI Global Investable Market Index (GIMI) methodology to match the size, liquidity and minimum free float criteria. The complete methodology of the index is available on www.msci.com. Amundi ETFs are efficient investment vehicles listed on exchange that offer transparent, liquid and low-cost exposure to the underlying benchmark index.

• 10-year return: 21.45% 
• Assets under management: €1.8B
• Expense ratio: 0.30% 
• As of date: April 30, 2024 

2. Amundi NASDAQ-100 ETF

AMUNDI NASDAQ-100 UCITS ETF seeks to replicate as closely as possible the performance of the NASDAQ-100 Index in Euros, whether the trend is rising or falling. This ETF enables investors to benefit from an exposure, with a single transaction, to the 100 Non-Financial listed on the NASDAQ stocks including technological, Internet and IT sectors

• 10-year return: 21.02% 
• Assets under management: €1.86B
• Expense ratio: 0.23% 
• As of date: April 30, 2024 

3. Invesco Technology S&P US Select Sector ETF

The Invesco Technology S&P US Select Sector UCITS ETF Acc aims to provide the net total return performance of the S&P Select Sector Capped 20% Technology Index (the “Reference Index”), less the impact of fees.

The Reference Index represents the technology sector of the S&P 500 Index. Each constituent is weighted by its float-adjusted market capitalisation and is capped at 19%, with any excess weight distributed amongst all the other uncapped constituents.

• 10-year return: 20.34% 
• Assets under management: $853M

• Expense ratio: 0.14% 
• As of date: April 30, 2024 

Bottom Line on Best ETFs of the Past Decade 

To summarise the best-performing ETFs over the last decade have all been in the technology sector, various ETF on the list provide a broader perspective on various tech fields, such as computer software, hardware, and information technology. While technology may continue to outperform the overall market, investors should remember that past performance is no guarantee of future results, and technology ETFs can be volatile.