Artificial Intelligence ETFs: Have They Beaten The Market In 2024?
Portfolio Pulse from Hayden Buckfire
The article discusses the performance of major AI ETFs in 2024, including BOTZ, AIQ, and ROBO, and compares them to the S&P 500. BOTZ and AIQ have appreciated by 10.63% and 10.33% respectively, while ROBO has declined by 0.94%. None of these ETFs outperformed the S&P 500, which gained 11.46% in 2024.
May 29, 2024 | 6:22 pm
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POSITIVE IMPACT
The AIQ ETF has appreciated by 10.33% in 2024, with strong contributions from holdings like NVIDIA, Tencent, and Qualcomm.
AIQ has appreciated by 10.33% in 2024, with significant contributions from its largest holdings, including NVIDIA, Tencent, and Qualcomm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The BOTZ ETF has appreciated by 10.63% in 2024, driven by strong performances from its largest holdings like NVIDIA, ABB, and Intuitive Surgical.
BOTZ has shown a solid performance in 2024, appreciating by 10.63%. Its largest holdings, including NVIDIA, ABB, and Intuitive Surgical, have performed well, contributing to its gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) has outperformed major AI ETFs with an 11.46% gain in 2024, driven by high weights in tech giants like NVIDIA, Microsoft, and Amazon.
SPY has outperformed major AI ETFs with an 11.46% gain in 2024. This performance is largely due to its high weight in tech giants such as NVIDIA, Microsoft, and Amazon.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
The ROBO ETF has declined by 0.94% in 2024, unable to capitalize on NVIDIA's performance due to its more equally weighted holdings.
ROBO has declined by 0.94% in 2024. Its more equally weighted holdings, including Autodesk and OMRON, have underperformed, limiting its ability to benefit from NVIDIA's gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100