Cannabis ETF (THCX)
THCX is a passive ETF by Mcivy Co. LLC tracking the investment results of the Innovation Labs Cannabis Index. THCX launched on Jul 9, 2019 and has a 0.75% expense ratio.
ETF Info
| ISIN | US84858T4004 |
|---|---|
| CUSIP | 84858T400 |
| Issuer | Mcivy Co. LLC |
| Inception Date | Jul 9, 2019 |
| Region | North America (Broad) |
| Category | Small Cap Blend Equities, Cannabis |
| Leveraged | 1x |
| Index Tracked | Innovation Labs Cannabis Index |
| Asset Class | Equity |
Asset Class Size | Micro-Cap |
Asset Class Style | Blend |
Expense Ratio
THCX features an expense ratio of 0.75%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: THCX vs. TOKE, THCX vs. VONG, THCX vs. YOLO, THCX vs. FXAIX, THCX vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Cannabis ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 22.95% |
| 1 month | N/A | 4.39% |
| 6 months | N/A | 18.07% |
| 1 year | N/A | 37.09% |
| 5 years (annualized) | N/A | 14.48% |
| 10 years (annualized) | N/A | 11.71% |
Monthly Returns
The table below presents the monthly returns of THCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.01% | -1.30% | -0.31% | ||||||||||
| 2023 | 9.27% | -13.07% | -12.60% | -5.58% | -15.32% | -0.52% | 11.15% | 3.54% | -5.89% | -17.01% | 6.96% | 5.64% | -32.94% |
| 2022 | -12.88% | -2.69% | 4.56% | -24.70% | -14.39% | -24.39% | 4.88% | -4.65% | -24.93% | 15.88% | -0.93% | -17.66% | -69.34% |
| 2021 | 33.92% | 18.10% | -0.40% | -6.91% | -2.62% | -3.90% | -10.67% | -4.37% | -12.35% | -8.26% | -14.60% | -15.11% | -31.67% |
| 2020 | -3.21% | -18.04% | -20.40% | 10.23% | 21.31% | -7.23% | 6.41% | 0.25% | -17.63% | 4.58% | 56.86% | -7.74% | 4.17% |
| 2019 | -8.98% | -13.29% | -14.68% | -8.71% | -11.46% | -2.91% | -47.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Cannabis ETF (THCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Cannabis ETF granted a 105.05% dividend yield in the last twelve months. The annual payout for that period amounted to $17.43 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $17.43 | $0.48 | $0.27 | $0.03 | $4.48 | $4.18 |
Dividend yield | 105.05% | 2.87% | 1.03% | 0.04% | 3.58% | 3.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Cannabis ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $16.95 | $0.00 | $16.95 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.50 | $0.00 | $0.00 | $1.50 | $0.00 | $0.00 | $0.48 | $4.48 |
| 2019 | $4.18 | $4.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Cannabis ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Cannabis ETF was 94.83%, occurring on Oct 30, 2023. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -94.83% | Feb 11, 2021 | 684 | Oct 30, 2023 | — | — | — |
| -74.59% | Jul 10, 2019 | 175 | Mar 18, 2020 | 226 | Feb 9, 2021 | 401 |
Volatility
Volatility Chart
The current Cannabis ETF volatility is 6.38%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.