Five of the Best AI ETFs to invest in 2023

As the world continues to embrace remarkable technological advancements, particularly in Artificial Intelligence (AI), it's essential for us investors to stay ahead of the curve and capitalize on this rapidly growing industry. One way to best do this is by investing in leading AI Exchange Traded Funds (ETFs). In a nutshell, an AI ETF is a fund that invests in companies involved in developing and applying AI technology. Moreover, because of the inherently higher risk associated with these companies, these ETFs provide investors with exposure to a diverse range of companies in the AI sector, reducing the risk associated with investing in individual stocks.

In this list, we compiled five of the best-performing AI ETFs this year for you to take a look at:

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1.Global X Robotics & Artificial Intelligence ETF ($BOTZ)

Year-to-Date (YTD) return: 15.97%
First on our list, BOTZ invests in companies involved in the development and production of robots, autonomous vehicles, and AI technologies. In addition, the fund also provides exposure to a diversified portfolio of companies operating in the AI space, including tech giants like Amazon and Alphabet.

2. First Trust AI Global Equity ETF ($AIEQ)

Year-to-Date (YTD) return: 11.37%
Like BOTZ, AIEQ also invests in global companies that are involved in the development and application of AI technology. Furthermore, the fund also provides exposure to a well-diversified portfolio of AI companies, including leaders in the field like Microsoft and Nvidia.

3. ARK Innovation ETF ($ARKK)

Year-to-Date (YTD) return: 29.46%
Perhaps the most well-known in this list, ARKK invests in disruptive innovation across multiple industries, including AI, genomics, and the "internet of things." Just remember that ARKK is a high-risk, high-reward option for investors looking for aggressive exposure to cutting-edge companies in the AI space.

4. iShares Exponential Technologies ETF ($XT)

Year-to-Date (YTD) return: 11.02%
Next on our list, if you are looking to invest in a fund that puts sustainability at its core, this fund might be perfect for you. XT invests in companies that are driving exponential growth in industries such as AI, biotechnology, and renewable energy. XT offers investors broad exposure to the most promising, innovative, and sustainability-centric companies in the AI sector.

5. Innovation Shares NextGen Protocol ETF ($KOIN)

Year-to-Date (YTD) return: 8.52%
Last but not least, KOIN invests in companies shaping technology's future through blockchain, AI, and other emerging technologies. Likewise, KOIN provides investors with exposure to a well-diversified portfolio of companies at the forefront of technological innovation.
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