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
US84858T4004
84858T400
Jul 9, 2019
North America (Broad)
1x
Innovation Labs Cannabis Index
Micro-Cap
Blend
Share Price Chart
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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
THCX
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^GSPC (Benchmark)
24.05%
0.89%
11.19%
30.12%
13.82%
11.14%
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% |
Expense Ratio
THCX features an expense ratio of 0.75%, falling within the medium range.
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 provided a 105.05% dividend yield over the last twelve months, with an annual payout of $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.