https://roboglobaletfs.com/thnq (holdings also here)
it tracks this index which Robo also created:
https://www.roboglobal.com/robo-global- ... hnq-index/
Unfortunately, I can't find a detailed formula or algorithm for calculation of the THNQ Score (how much of a concern should that be?). But the holdings include companies like iRobot, Twilio, Amazon, NVidia, etc. Pretty interesting set."Stocks classified within the ROBO Global® Industry Classification as exposed to the Artificial Intelligence theme are given a “THNQ Score,” comprised of factors representing the levels of revenue the company receives from Artificial Intelligence activities, levels of investment the firm makes in Artificial Intelligence, and the market and technology leadership of the firm in the Artificial Intelligence universe."
What do you guys think of this ETF? I've been looking for something like it for quite a while, but, possibly worth the 0.68% expense ratio for the convenience of not having to manage your own portfolio of stocks as a long-term buy and hold? Could be an interesting alternative to some other general tech or software ETFs. I am personally of the opinion that companies focused in this area will easily outperform the S&P500 during the 2021-2030 time range, and I'm considering putting some money into it after its AUM climbs a bit.
I know that bogleheads in general prefer wide-market indexes, but I'm real bullish on software and tech. I currently have large allocations to VGT and VUG to get some of that exposure, complementing my other Vanguard funds like VIG and VTSAX. There are other specialty software ETFs out there, but I can't find anything else with a strong AI focus (edit: while not being overweight on robotics!).