The 3 Top Quantum Computing ETFs to Buy Now

Tech executives believe quantum computing will be the next artificial intelligence (AI), but finding the right quantum stock can be exhausting. Publicly traded quantum companies are burning through cash, creating a high-risk, high-reward atmosphere.

Quantum computing exchange-traded funds (ETFs) can mitigate risk by diversifying into multiple quantum stocks. The following three ETFs are among the top choices available.

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1. Defiance Quantum ETF

The Defiance Quantum ETF (NASDAQ: QTUM) has roughly tripled during the past five years and is up by more than 40% this year. The fund focuses on large-cap growth stocks and has a 0.4% expense ratio.

Global Unichip, a Taiwanese AI chipmaker that does not trade in U.S. financial markets, is the largest holding in the fund. This ETF has 86 holdings, with its top 10 holdings accounting for only 18% of total assets. That means a single position does not heavily weigh on the entire portfolio.

The fund holds many companies investing heavily in quantum, but that aren't pure quantum plays. For instance, Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Advanced Micro Devices (NASDAQ: AMD) are in this fund. None of these picks is a pure play like IonQ (NYSE: IONQ), but they are investing in quantum computing, so they are included.