BlackRock’s extensive ETF lineup, comprising roughly 200 funds, is offering a broad view of how long-term thematic and sector exposures have evolved. 

To this end, an analysis of its highest performers over the past 10 years highlights the dominant role of technology and targeted commodity strategies, with a handful of specialized funds sharply outperforming broader market benchmarks. 

In this line, the following ranking highlights BlackRock’s top 10 ETFs based on their 10-year average annual returns. 

1. iShares Semiconductor ETF (SOXX)

SOXX, built around the ICE Semiconductor Index, remains one of the most liquid semiconductor ETFs globally and has become a pure-play reflection of the chip industry’s explosive growth cycle. 

Over the past ten years, it has delivered a 26.8% annualized return, fueled by its concentrated exposure to leaders like Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO) which account for more than half of the fund’s weight. 

Because it is tightly focused on a single industry, SOXX carries higher volatility and a higher beta than diversified funds, making it sensitive to chip-demand cycles, supply-chain disruptions and geopolitical risks.

2. iShares U.S. Technology ETF (IYW)

IYW offers a broader approach to U.S. technology, tracking the Russell 1000 Technology Index and spreading its exposure across more than 140 companies. Its 22.6% annualized gain reflects not only mega-caps in software and hardware but also a more balanced mix of digital-services firms. 

With more moderate concentration than SOXX, the fund exhibits lower volatility while still capturing the core of U.S. tech leadership. 

3. iShares MSCI Global Gold Miners ETF (RING)

Meanwhile, RING, which follows the MSCI ACWI Select Gold Miners Index, logged a 22.3% annualized return as global miners benefited from periods of elevated gold prices and persistent demand for inflation hedges. 

Unlike tech-focused ETFs, RING’s performance is tied to commodity cycles, mining margins and macroeconomic uncertainty. 

While its long-term numbers are impressive, the fund’s results tend to move in sharp cycles, reflecting the volatility of precious-metals markets.

4. iShares Expanded Tech Sector ETF (IGM)

In the fourth spot, IGM takes a wider lens on innovation-driven companies by tracking an expanded technology index, which includes traditional IT along with related industries often excluded from narrower benchmarks. 

Its 21.9% annual return reflects this broader exposure, which spans more than 275 holdings and includes tech giants such as Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), Meta (NASDAQ: META) among others and a long tail of companies tied to digital transformation. 

Because its sector boundaries are more flexible, IGM can cushion investors when any single tech subgroup pulls back, offering a smoother return profile compared with pure-play segment ETFs.

5. iShares Global Tech ETF (IXN)

Tracking the S&P Global 1200 Information Technology Index, the fund captures both U.S. and non-U.S. tech leaders and has produced a 21% annualized return. 

Although U.S. giants still dominate the index due to market-cap weighting, IXN provides exposure to developed-market innovators abroad and carries slightly higher expenses than U.S.-only alternatives. 

Its diversified geographic footprint positions it as a cleaner global technology core, especially for investors who expect innovation to remain multinational.

6. iShares MSCI Global Silver and Metals & Miners ETF (SLVP)

SLVP extends beyond gold to focus on silver miners and broader metals producers. The ETF returned 19.8% annually, benefiting from occasional surges in industrial and precious-metals demand. 

Like RING, the fund is tied closely to commodity cycles and mining-sector volatility. Silver’s dual role as both an industrial input and a precious metal creates performance patterns that differ from gold, making SLVP’s performance a reflection of several high-price commodity cycles.

7. iShares Russell Top 200 Growth ETF (IWY)

IWY concentrates on the largest growth companies in the U.S. market through the Russell Top 200 Growth Index and delivered an 18.8% annualized return. 

The ETFs holdings are dominated by mega-cap firms which gives it a strong tilt toward the market’s most influential growth engines. 

At the same time, IWY’s focused large-cap approach makes it more stable than sector-specific funds while still capturing the structural tailwinds powering America’s innovative corporations.

8. iShares Russell 1000 Growth ETF (IWF)

This fund offers broader diversification than IWY by extending into large- and mid-cap growth companies across the Russell 1000 universe. 

With a 17.8% annual return over the decade, it reflects the long-term dominance of growth-oriented firms in the U.S. equity landscape. 

Its wider opportunity set makes it a core growth holding for many investors seeking exposure to tech-driven companies without overconcentration in the very largest names.

9. iShares Expanded Tech-Software Sector ETF (IGV)

On the other hand, IGV narrows the focus specifically to software, cloud infrastructure and cybersecurity companies, sectors that have seen rapid structural expansion as enterprises migrate toward digital and subscription-based systems. 

Over ten years, it returned 17.5% annually from a portfolio that features leading SaaS providers and enterprise-software giants, offering a high-conviction bet on the “software eats the world” thesis.

10. iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)

IAI rounds out the list with a 17% annualized return and provides targeted exposure to Wall Street’s infrastructure through broker-dealers, trading platforms and U.S. securities exchanges. 

Rising market activity, the continued expansion of electronic trading and industry consolidation have amplified its long-term performance. 

Although not a technology fund, IAI has indirectly benefited from the digitization of markets, increased retail participation and higher trading volumes across asset classes.

In summary, across BlackRock’s lineup, the strongest 10-year performers remain heavily concentrated in technology and select commodity-driven themes, highlighting how sustained demand in these sectors has shaped long-term ETF leadership.

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