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.
Correlation
The correlation between HITI and YOLO is 0.39, 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.
Performance
HITI vs. YOLO - Performance Comparison
Key characteristics
HITI:
0.60
YOLO:
-0.80
HITI:
1.39
YOLO:
-1.09
HITI:
1.15
YOLO:
0.86
HITI:
0.43
YOLO:
-0.42
HITI:
2.25
YOLO:
-1.29
HITI:
16.52%
YOLO:
29.98%
HITI:
62.29%
YOLO:
48.22%
HITI:
-91.20%
YOLO:
-92.27%
HITI:
-78.16%
YOLO:
-92.16%
Returns By Period
In the year-to-date period, HITI achieves a -16.50% return, which is significantly lower than YOLO's -8.63% return.
HITI
-16.50%
-14.00%
34.38%
47.43%
2.52%
N/A
YOLO
-8.63%
-3.86%
-33.37%
-36.11%
-26.25%
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.
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 3.93%.
| 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 | 3.93% | 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 -92.27%. Use the drawdown chart below to compare losses from any high point for HITI and YOLO. For additional features, visit the drawdowns tool.
Volatility
HITI vs. YOLO - Volatility Comparison
High Tide Inc (HITI) has a higher volatility of 17.65% compared to AdvisorShares Pure Cannabis ETF (YOLO) at 9.35%. This indicates that HITI's price experiences larger fluctuations and is considered to be riskier than YOLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.