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THCX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between THCX and FXAIX is 0.47, 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.


-0.50.00.51.00.5

Performance

THCX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cannabis ETF (THCX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember0
10.77%
THCX
FXAIX

Key characteristics

Returns By Period


THCX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

FXAIX

YTD

27.89%

1M

0.94%

6M

10.77%

1Y

28.33%

5Y*

15.02%

10Y*

13.03%

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THCX vs. FXAIX - Expense Ratio Comparison

THCX has a 0.75% expense ratio, which is higher than FXAIX's 0.02% expense ratio.


THCX
Cannabis ETF
Expense ratio chart for THCX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

THCX vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Cannabis ETF (THCX) and Fidelity 500 Index Fund (FXAIX). 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.


Sharpe ratio
The chart of Sharpe ratio for THCX, currently valued at 0.03, compared to the broader market0.002.004.000.032.26
The chart of Sortino ratio for THCX, currently valued at 0.14, compared to the broader market-2.000.002.004.006.008.0010.000.143.00
The chart of Omega ratio for THCX, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.001.041.42
The chart of Calmar ratio for THCX, currently valued at 0.00, compared to the broader market0.005.0010.0015.000.003.35
The chart of Martin ratio for THCX, currently valued at 0.07, compared to the broader market0.0020.0040.0060.0080.00100.000.0714.77
THCX
FXAIX


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.03
2.26
THCX
FXAIX

Dividends

THCX vs. FXAIX - Dividend Comparison

THCX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 0.87%.


TTM20232022202120202019201820172016201520142013
THCX
Cannabis ETF
105.05%2.87%1.03%0.04%3.58%3.33%0.00%0.00%0.00%0.00%0.00%0.00%
FXAIX
Fidelity 500 Index Fund
0.87%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%1.84%

Drawdowns

THCX vs. FXAIX - Drawdown Comparison


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-94.08%
-1.12%
THCX
FXAIX

Volatility

THCX vs. FXAIX - Volatility Comparison

The current volatility for Cannabis ETF (THCX) is 0.00%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.88%. This indicates that THCX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember0
3.88%
THCX
FXAIX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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