POTX vs. BLK
Compare and contrast key facts about Global X Cannabis ETF (POTX) and BlackRock, Inc. (BLK).
POTX is a passively managed fund by Global X that tracks the performance of the Cannabis Index. It was launched on Sep 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POTX or BLK.
Correlation
The correlation between POTX and BLK is 0.36, 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
POTX vs. BLK - Performance Comparison
Key characteristics
Returns By Period
POTX
N/A
N/A
N/A
N/A
N/A
N/A
BLK
-15.08%
-9.63%
-13.87%
18.16%
15.52%
11.83%
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Risk-Adjusted Performance
POTX vs. BLK — Risk-Adjusted Performance Rank
POTX
BLK
POTX vs. BLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cannabis ETF (POTX) and BlackRock, Inc. (BLK). 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
POTX vs. BLK - Dividend Comparison
POTX has not paid dividends to shareholders, while BLK's dividend yield for the trailing twelve months is around 2.37%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
POTX Global X Cannabis ETF | 0.00% | 100.61% | 6.37% | 3.27% | 4.28% | 5.47% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BLK BlackRock, Inc. | 2.37% | 1.99% | 2.46% | 2.75% | 1.80% | 2.01% | 2.63% | 3.06% | 1.95% | 2.41% | 2.56% | 2.16% |
Drawdowns
POTX vs. BLK - Drawdown Comparison
Volatility
POTX vs. BLK - Volatility Comparison
The current volatility for Global X Cannabis ETF (POTX) is 0.00%, while BlackRock, Inc. (BLK) has a volatility of 16.28%. This indicates that POTX experiences smaller price fluctuations and is considered to be less risky than BLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.