POTX vs. TOKE
Compare and contrast key facts about Global X Cannabis ETF (POTX) and Cambria Cannabis ETF (TOKE).
POTX and TOKE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. POTX is a passively managed fund by Global X that tracks the performance of the Cannabis Index. It was launched on Sep 17, 2019. TOKE is an actively managed fund by Cambria. It was launched on Jul 25, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POTX or TOKE.
Key characteristics
| POTX | TOKE |
|---|
Correlation
The correlation between POTX and TOKE is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
POTX vs. TOKE - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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POTX vs. TOKE - Expense Ratio Comparison
POTX has a 0.51% expense ratio, which is higher than TOKE's 0.42% expense ratio.
Risk-Adjusted Performance
POTX vs. TOKE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cannabis ETF (POTX) 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.
Dividends
POTX vs. TOKE - Dividend Comparison
POTX has not paid dividends to shareholders, while TOKE's dividend yield for the trailing twelve months is around 3.41%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
POTX Global X Cannabis ETF | 107.82% | 6.37% | 3.27% | 4.28% | 5.47% | 1.43% |
TOKE Cambria Cannabis ETF | 3.41% | 4.20% | 2.11% | 3.54% | 4.33% | 2.21% |
Drawdowns
POTX vs. TOKE - Drawdown Comparison
Volatility
POTX vs. TOKE - Volatility Comparison
The current volatility for Global X Cannabis ETF (POTX) is 0.00%, while Cambria Cannabis ETF (TOKE) has a volatility of 15.96%. This indicates that POTX experiences smaller price fluctuations and is considered to be less risky than TOKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.