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 |
| Index Tracked | Innovation Labs Cannabis Index |
| Asset Class | Equity |
Asset Class Size | Micro-Cap |
Asset Class Style | Blend |
Expense Ratio
The Cannabis ETF has a high expense ratio of 0.75%, indicating higher-than-average management fees.
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 | 6.30% |
| 1 month | N/A | -3.13% |
| 6 months | N/A | 19.37% |
| 1 year | N/A | 22.56% |
| 5 years (annualized) | N/A | 11.65% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.01% | -1.30% | ||||||||||
| 2023 | -5.89% | -17.01% | 6.96% | 5.64% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 |
| 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 |
| 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 |
| 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 |
| 2019 | $4.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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.