The sheer number of exchange-traded funds (ETFs) available means investors can struggle to identify the best way in.
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TipRanks’ AI analyst has zeroed in on three candidates, each with an Outperform rating and an expected return of at least 10%. The chart below and the concise details that follow provide some insight for comparison.
- iShares U.S. Medical Devices ETF (IHI) — This ETF tracks the Dow Jones U.S. Select Medical Equipment Index, which itself measures the stock performance of American medical equipment and device makers and distributors. The ETF AI analyst currently has a $72 price target on IHI, suggesting 15.34% growth potential. The fund’s current Outperform rating comes from strong results delivered by key holdings such as Abbott Laboratories (ABT) and Boston Scientific (BSX).
- iShares China Large-Cap ETF (FXI)– Like (IHI), this ETF was also issued by iShares and managed by asset management giant BlackRock (BLK). As the name suggests, this fund focuses on Chinese companies. It achieves this by tracking the FTSE China 50 Index, which is a benchmark of the 50 biggest firms in China that are listed on the Hong Kong Stock Exchange. The ETF AI analyst currently has a $44 price target on FXI, suggesting approximately 14% upside. Outperformance from several of its largest holdings, including Alibaba (BABA) and Tencent (TCEHY), earned the fund its current Outperform rating.
- Alerian MLP ETF (AMLP) — This ETF tracks the performance of Master Limited Partnership (MLP) companies in the U.S. midstream oil and gas sector. MLPs are businesses such as pipelines, storage, processing facilities, and transportation operators, which are designed as partnerships, rather than corporations. This structure is common in the midstream energy sector and enables these businesses to pass most of their cash earnings to investors as a payout. The ETF AI analyst currently has a price target of $54 on AMLP, suggesting approximately 13% upside from the current trading levels. The fund’s current Outperform rating is carried by strong results from Genesis Energy (GEL).
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