St. Patrick’s Day is around the corner and most investors are hoping for some luck of the Irish for green returns on this day. This will lead to increase in spending and an upsurge in investments, driving stocks higher.

Per the National Retail Federation, Americans are expected to spend a record $5.9 billion on St. Patrick’s Day this year, representing the highest level in its survey’s 14-year history and up from last year’s record of $5.3 billion. More than 149 million Americans plan to celebrate Irish event this year, up from 139 million last year.

Consumers are expected to spend an average of $39.65 per person, up from last year’s $37.92. The day, associated with wearing green, food, drinking and home decoration with shamrocks, leprechauns and pots of gold, is popular among the 18-24 years age group.However, people in the 35-44 years age group are the biggest spenders, shelling out an average of $45.76 for the holiday.

About 50% of the Americans will be spending on holiday-themed food, 41% on beverages, 31% on apparel, 26% on decoration, and 16% on candy. Coming to shopping destinations, 38% purchases will be from grocery stores, 31% from discount stores, 20% from department stores, 19% from bars or restaurants, and 9% online, specialty stores, or drug stores.

Further, Americans plan to celebrate the holiday in a number of ways with 83% wearing green, 31% planning a special dinner, 27% throwing a party at a bar or a restaurant, 27% decorating their homes or offices in an Irish theme and 16% attending private parties. Additionally, 15% plan to attend a St. Patrick’s Day parade and 9% will host a party.

Higher spending will definitely boost revenues at retailers, and food and beverage companies. Restaurant stocks will see robust performances as well. Betting on ETFs from these corners of the market should be a winning strategy for investors seeking to rake in profits from higher spending on St. Patrick’s Day.

PowerShares Dynamic Food & Beverage Portfolio (PBJ - Free Report)

This product offers exposure to 30 stocks that are engaged in the manufacture, sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies by tracking the Dynamic Food & Beverage Intellidex Index. The fund has amassed $84.1 million in its asset base while trading in average daily volume of 13,000 shares. It charges 59 bps in annual fees from investors and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.

Spirited Funds/ETFMG Whiskey and Spirits ETF (WSKY - Free Report)

This fund provides investors exposure to the world’s publicly-traded companies involved in the production and sale of whiskey and spirits. It follows the Spirited Funds/ETFMG Whiskey & Spirits Index, which comprises companies that are principally engaged in the production, distillation, storage, or aging of whiskey and non-core companies that derive a portion of their revenues from whiskey and spirits. The ETF holds about 24 securities in its basket with AUM of $14.8 million and average daily volume of 5,000 shares. Expense ratio comes in at 0.60%.

SPDR S&P Retail ETF (XRT - Free Report)

This product targets the retail segment of the broad U.S. market. It tracks the S&P Retail Select Industry Index, holding 88 securities in its basket. The fund has amassed $384.4 million in its asset base and charges 35 bps in annual fees. Volume is extremely solid, exchanging nearly 5.5 million shares in hand a day on an average. The fund has a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook.

Amplify Online Retail ETF (IBUY - Free Report)

This ETF offers global exposure to companies that derive 70% or more revenues from online and virtual retail by tracking the EQM Online Retail Index. It is a home to 39 stocks and has accumulated $275.1 million in its asset base. The product charges 65 bps in fees per year and trades in a moderate volume of 75,000 shares a day on an average.