Top 5 AI ETFs
Top 5 AI ETFs Top 5 AI ETFs Firstly, artificial intelligence exchange-traded funds (ETFs) give investors exposure to a basket of companies that uses or helps innovate artificial intelligence and other related technologies. Moreover, there are nearly 20 AI ETFs traded on U.S. markets today.
Secondly, the largest ETF based on assets under management (AUM) is Ark Autonomous Technology & Robotics ETF (ARKQ) with $2.81B in assets.
Furthermore, this fund is managed by the famous investor Cathie Wood. In addition, ARKQ’s top three stocks by fund weight are Tesla (TSLA), Trimble (TRMB). And Kratos Defense & Security Solutions (KTOS) which contributes to one-fourth of ARKQ’s AUM. But, despite Wood’s popularity. ARKQ has only seen 5.21% YTD, but continued investor enthusiasm.
And a handful of ETFs has so far yielded better returns YTD. Moreover, we will discuss the top 5 performing artificial intelligence ETFs for 2021.
1. Global X Autonomous & Electric Vehicles ETF (DRIV):
This fund managed by Global X ETFs invests in autonomous and electric vehicles. Also as well as the necessary materials and components related to them. DRIV holds 76 stocks and has exposure to foreign markets. And these are the top 5 holdings along with their weight to the fund: Tesla (TSLA: 3.18%), Google (GOOGL: 3.10%), Microsoft (MSFT: 2.98%), Toyota (7203JP: 2.97%), Nvidia (NVDA: 2.92%). And the fund currently has $1.05 billion in AUM.
One-third of its net assets are in information technology and consumer discretionary. And the other third is split among materials, industrials, and communication services. As 63.2% of its assets are from U.S. stocks. The rest are foreign stocks. Lastly, nearly half of the foreign stocks in the fund comes from Japan, China, and Germany.
2. Global X Artificial Intelligence & Technology ETF (AIQ):
This fund managed by Global X ETFs invests in companies that are poised to benefit from AI technology. And as well as companies that provide hardware to aid the use of AI to analyze big data. Moreover, AIQ holds 88 stocks and has exposure to foreign markets. These are the top 5 holdings along with their weight to the fund: Google (GOOGL: 3.20%), Qualcomm (QCOM: 3.15%), Cisco (CSCO: 3.12%), Samsung Electronics (005930 KS: 3.10%), Accenture (ACN: 3.07%). It currently has $174 million in AUM.
Nearly two-thirds of its net assets are information technology stocks. And almost 30% are communication services and consumer discretionary. The remainder is industrials, financials, and health care. Furthermore, 67.2% of its assets are from U.S. stocks, while the rest are foreign stocks. Moreover, nearly half of the foreign stocks in the fund come from China, Ireland, and Canada.
3. iShares Robotics and Artificial Intelligence Multi Sector ETF (IRBO):
This fund managed by iShares invests in companies in developed and emerging markets that are poised to be leaders in robotics and AI technology. And IRBO holds 106 stocks and has exposure to foreign markets. These are the top 5 holdings along with their weight to the fund: Parade Technologies (4966: 1.29%), AMD (AMD: 1.27%), ZTE Corporation (763: 1.27%), Domo (DOMO: 1.24%), Teradata Corporation (TDC: 1.21%). It currently has $437 million in AUM.
Over one-half of its net assets are information technology stocks. Nearly one-third are communication services and Industrials. The remainder consists of consumer discretionary and health care. And 55% of its assets are from U.S. stocks. As a result the rest are foreign stocks. In addition, nearly half of the foreign stocks in the fund come from China and Japan.
4. ROBO Global Artificial Intelligence ETF (THNQ):
This fund managed by ROBO Global invests in companies that lead AI innovation. It includes companies that develop the technology and infrastructure powering AI as well as companies that apply AI technology. Furthermore, THNQ holds 74 stocks and has exposure to foreign markets. Moreover, these are the top 5 holdings along with their weight to the fund: Atlassian Corporation (TEAM: 2.22%), Cloudfare (NET: 2.02%), Rapid7 (RPD: 1.91%), Splunk (SPLK: 1.91%), AMD (AMD: 1.85%). It currently has $41 million in AUM.
This fund is a bit more diversified than the other top-performing funds. Firstly, about 80% of its net assets span six sectors: Business Processes, Semiconductors, Big Data/Analytics, Ecommerce, Network & Security, Cloud Providers. Secondly, 69% of its assets are from U.S. stocks, while the rest are foreign stocks. Lastly, nearly half of the foreign stocks in the fund come from China, Israel, and Taiwan.
5. ROBO Global Robotics and Automation ETF (ROBO):
This fund managed by ROBO Global invests in companies that power innovation in robotics, automation, and artificial intelligence. ROBO holds 84 stocks and has exposure to foreign markets. And these are the top 5 holdings along with their weight to the fund: Intuitive Surgical (ISRG: 1.95%), Kardex Holding (KARN SW: 1.89%), ServiceNow (NOW: 1.88%), Vocera Communications (VCRA: 1.80%), Harmonic Drive Systems (6324 JP: 1.78%). Lastly, it currently has $1.85 billion in AUM.
This fund is a bit more diversified than the other top-performing funds. Moreover, about three-fourths of its net assets span six sectors: Manufacturing & Industrial, Computing & AI, Healthcare, Actuation, Logistics Automation, Sensing. In conclusion, nearly 50% of its assets are from U.S. stocks, while the rest are foreign stocks. But, half of the foreign stocks in the fund come from Japan, Germany, and Taiwan.
Top 5 AI ETFs Written by Jay Devon
Top 5 AI ETFs Top 5 AI ETFs
Top 5 AI ETFs Top 5 AI ETFs
Top 5 AI ETFs Top 5 AI ETFs
