While Silicon Valley is still debating the impact of emerging technologies on the future of humanity, Wall Street is already embracing the new economy. A fund that focuses on investing in robotics and artificial intelligence technology companies has already tripled the Dow this year.

So far this year, the fund company Global X Funds of the Nasdaq-traded ETF Global Robotics and Artificial Intelligence ETF (code: BOTZ) cumulative rise of about 30%, over the same period of the 100-year history of the Dow Jones Industrial Average rose only 9% or more, the S&P 500 rose close to 11%. Nasdaq up nearly 20%.

BOTZ was founded in September 2016 . According to Global X Funds, the ETF seeks to invest in companies that may benefit from the increased adoption of robotics and artificial intelligence (AI) technology, including companies related to robotics, automation, self-driving cars, and more, in both the industrial and non-industrial sectors.

Many of the companies BOTZ invests in are not U.S.-based, with Japanese companies accounting for almost half of the 29 stocks it tracks, followed by U.S. and Swiss companies. ROBO Global, the manager that compiled the world's first Robotics & Automation Index, doesn't have a single ETF underlying its investments in the United States.

Jack Ablin, chief investment officer at BMO Private Bank, a unit of Canada's Bank of Montreal, believes BOTZ sits somewhere between technology and international exposure, and is certainly thematically the perfect combination.

William Studebaker, ROBO Global's president and chief investment officer, links emerging technologies like AI to the leading tech stocks that have led the U.S. stock rally this year - FANG (Facebook, Amazon, Netflix and Google parent Alphabet's stock code initials together).

Studebaker told CNBC that Robotics, Automation & AI (RAAI for short) is indeed the next FANG trade. All four FANG companies are actually changing their businesses and are investing in AI-related companies.

Studebaker said that many of the companies the firm is heavily invested in either have not been generally followed by Wall Street or are not tracked enough to understand. It's an industry that's still evolving, and it's going to explode.

But looking at the data, Wall Street is also starting to take an interest in companies related to emerging technologies such as AI.

Studebaker revealed that over the past 12 months, ROBO Global increased the size of assets under management by 1 billion U.S. dollars.Global X announced that as of Monday, BOTZ assets under management of about 236 million U.S. dollars, while the size of the BOTZ was only 1.5 million U.S. dollars when it was founded in September last year, less than a year doubled roughly 157 times.

Publicly available information shows that BOTZ's main positions are in May this year, Goldman Sachs will set a target price of $ 1,000 U.S. surgical robotic system maker Intuitive Surgical, U.S. graphics processor maker Nvidia, Japan's Mitsubishi Electric and industrial automation sensors and other product manufacturers, such as Keenshine.

Robo Global's major positions include Swiss automation technology company Abb, Chinese automation technology company Hologic and U.S. healthcare equipment maker Accuray.