THCX vs. FXAIX
Compare and contrast key facts about Cannabis ETF (THCX) and Fidelity 500 Index Fund (FXAIX).
THCX is a passively managed fund by Mcivy Co. LLC that tracks the performance of the Innovation Labs Cannabis Index. It was launched on Jul 9, 2019. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: THCX or FXAIX.
Key characteristics
| THCX | FXAIX |
|---|
Correlation
The correlation between THCX and FXAIX is 0.50, 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.
Performance
THCX vs. FXAIX - 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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THCX vs. FXAIX - Expense Ratio Comparison
THCX has a 0.75% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
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.
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 1.36%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.36% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
THCX vs. FXAIX - Drawdown Comparison
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 4.10%. 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.