10 Best Performing ETFs of the Last 5 Years

1. ProShares Ultra Semiconductors (NYSE:USD)

5-Year Share Price Performance as of February 18: 702.16%

ProShares Ultra Semiconductors provides two times the daily performance of the Dow Jones U.S. Semiconductor Index. Rather than simply investing in semiconductor companies, the fund significantly owns swaps. These are derivatives exchanged with another party that synthetically offers USD with leveraged exposure to the Dow Jones U.S. Semiconductors SM Index. That said, swaps can often be expensive, as seen by USD’s high 0.95% expense ratio. The fund manages $1.1 billion in net assets and trades at an average daily volume of 570,314 shares.

QUALCOMM Incorporated (NASDAQ:QCOM), one of the fund’s top holdings, is a major American telecom equipment and semiconductor corporation headquartered in California. The firm provides chips to big corporations such as Samsung, Huawei, and BMW in a variety of high-growth areas, including smartphones and self-driving cars.

QUALCOMM Incorporated (NASDAQ:QCOM) posted better-than-expected fiscal first-quarter earnings for 2025, with sales up 18% from $9.92 billion the year before. The company forecasts revenues between $10.2 billion and $11 billion in the March quarter, which is higher than the midpoint estimate of $10.34 billion. It also expects adjusted profits to come in at $2.70 to $2.90 per share, exceeding Wall Street’s forecast of $2.69 per share.

While we acknowledge the potential of QCOM as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QCOM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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