Correlation
The correlation between HITI and YOLO is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
HITI vs. YOLO
Compare and contrast key facts about High Tide Inc (HITI) and AdvisorShares Pure Cannabis ETF (YOLO).
YOLO is an actively managed fund by AdvisorShares. It was launched on Apr 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HITI or YOLO.
Performance
HITI vs. YOLO - Performance Comparison
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Key characteristics
HITI:
-0.17
YOLO:
-1.11
HITI:
0.27
YOLO:
-1.67
HITI:
1.03
YOLO:
0.80
HITI:
-0.06
YOLO:
-0.50
HITI:
-0.22
YOLO:
-1.46
HITI:
24.64%
YOLO:
32.53%
HITI:
55.84%
YOLO:
42.88%
HITI:
-91.20%
YOLO:
-94.68%
HITI:
-80.96%
YOLO:
-93.09%
Returns By Period
In the year-to-date period, HITI achieves a -27.18% return, which is significantly lower than YOLO's -19.42% return.
HITI
-27.18%
-6.25%
-30.98%
-10.71%
-6.81%
2.50%
N/A
YOLO
-19.42%
-0.96%
-27.78%
-47.07%
-33.57%
-27.50%
N/A
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Risk-Adjusted Performance
HITI vs. YOLO — Risk-Adjusted Performance Rank
HITI
YOLO
HITI vs. YOLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for High Tide Inc (HITI) and AdvisorShares Pure Cannabis ETF (YOLO). 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.
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Dividends
HITI vs. YOLO - Dividend Comparison
HITI has not paid dividends to shareholders, while YOLO's dividend yield for the trailing twelve months is around 3.03%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
HITI High Tide Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YOLO AdvisorShares Pure Cannabis ETF | 3.03% | 3.60% | 1.18% | 0.56% | 3.93% | 2.03% | 4.52% |
Drawdowns
HITI vs. YOLO - Drawdown Comparison
The maximum HITI drawdown since its inception was -91.20%, roughly equal to the maximum YOLO drawdown of -94.68%. Use the drawdown chart below to compare losses from any high point for HITI and YOLO.
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Volatility
HITI vs. YOLO - Volatility Comparison
The current volatility for High Tide Inc (HITI) is 7.63%, while AdvisorShares Pure Cannabis ETF (YOLO) has a volatility of 9.23%. This indicates that HITI experiences smaller price fluctuations and is considered to be less risky than YOLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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