DB.V vs. TOKE

Last updated Apr 1, 2026

Compare and contrast key facts about Decibel Cannabis Company Inc (DB.V) and Cambria Cannabis ETF (TOKE).

TOKE is an actively managed fund by Cambria. It was launched on Jul 25, 2019.

Performance

DB.V vs. TOKE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Decibel Cannabis Company Inc (DB.V) and Cambria Cannabis ETF (TOKE). The values are adjusted to include any dividend payments, if applicable.

DB.V vs. TOKE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DB.V Decibel Cannabis Company Inc	22.73%	57.14%	-46.15%	30.00%	-31.03%	107.14%	-65.00%	-52.94%
TOKE Cambria Cannabis ETF	-15.92%	15.62%	1.65%	-11.27%	-41.15%	-13.70%	-0.20%	-28.87%

Different Trading Currencies

DB.V is traded in CAD, while TOKE is traded in USD. To make them comparable, the TOKE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DB.V achieves a 22.73% return, which is significantly higher than TOKE's -15.92% return.

DB.V

• 1D: 8.00%
• 1M: 28.57%
• YTD: 22.73%
• 6M: -0.00%
• 1Y: 107.69%
• 3Y*: 0.00%
• 5Y*: -3.93%
• 10Y*: —

TOKE

• 1D: 1.01%
• 1M: -10.62%
• YTD: -15.92%
• 6M: -20.70%
• 1Y: 10.81%
• 3Y*: -2.39%
• 5Y*: -20.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DB.V vs. TOKE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DB.V

DB.V Risk / Return Rank: 81
DB.V Sharpe Ratio Rank: 82
DB.V Sortino Ratio Rank: 80
DB.V Omega Ratio Rank: 79
DB.V Calmar Ratio Rank: 84
DB.V Martin Ratio Rank: 81

TOKE

TOKE Risk / Return Rank: 26
TOKE Sharpe Ratio Rank: 22
TOKE Sortino Ratio Rank: 34
TOKE Omega Ratio Rank: 29
TOKE Calmar Ratio Rank: 24
TOKE Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DB.V vs. TOKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Decibel Cannabis Company Inc (DB.V) and Cambria Cannabis ETF (TOKE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DB.V	TOKE	Difference
Sharpe ratio Return per unit of total volatility	1.38	0.25	+1.13
Sortino ratio Return per unit of downside risk	2.13	0.81	+1.32
Omega ratio Gain probability vs. loss probability	1.28	1.09	+0.18
Calmar ratio Return relative to maximum drawdown	2.84	0.42	+2.42
Martin ratio Return relative to average drawdown	6.35	0.91	+5.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DB.V vs. TOKE - Sharpe Ratio Comparison

The current DB.V Sharpe Ratio is 1.38, which is higher than the TOKE Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of DB.V and TOKE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DB.V	TOKE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	0.25	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	-0.65	+0.61
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	-0.51	+0.35

Correlation

The correlation between DB.V and TOKE is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DB.V vs. TOKE - Dividend Comparison

DB.V has not paid dividends to shareholders, while TOKE's dividend yield for the trailing twelve months is around 1.10%.

	TTM	2025	2024	2023	2022	2021	2020	2019
DB.V Decibel Cannabis Company Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOKE Cambria Cannabis ETF	1.10%	0.91%	6.62%	4.20%	2.11%	3.54%	4.33%	2.26%

Drawdowns

DB.V vs. TOKE - Drawdown Comparison

The maximum DB.V drawdown since its inception was -91.84%, which is greater than TOKE's maximum drawdown of -81.21%. Use the drawdown chart below to compare losses from any high point for DB.V and TOKE.

Drawdown Indicators

	DB.V	TOKE	Difference
Max Drawdown Largest peak-to-trough decline	-91.84%	-83.27%	-8.57%
Max Drawdown (1Y) Largest decline over 1 year	-37.93%	-26.30%	-11.63%
Max Drawdown (5Y) Largest decline over 5 years	-88.73%	-78.40%	-10.33%
Current Drawdown Current decline from peak	-72.45%	-77.76%	+5.31%
Average Drawdown Average peak-to-trough decline	-73.51%	-60.96%	-12.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.97%	11.84%	+5.13%

Volatility

DB.V vs. TOKE - Volatility Comparison

Decibel Cannabis Company Inc (DB.V) has a higher volatility of 24.81% compared to Cambria Cannabis ETF (TOKE) at 8.11%. This indicates that DB.V's price experiences larger fluctuations and is considered to be riskier than TOKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DB.V	TOKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.81%	8.11%	+16.70%
Volatility (6M) Calculated over the trailing 6-month period	53.15%	30.82%	+22.33%
Volatility (1Y) Calculated over the trailing 1-year period	78.61%	43.45%	+35.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.39%	31.49%	+56.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.37%	34.47%	+61.90%