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

Correlation

The correlation between THCX and SPY 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. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cannabis ETF (THCX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
-92.29%
115.87%
THCX
SPY

Key characteristics

Returns By Period


THCX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

SPY

YTD

25.54%

1M

-0.42%

6M

8.90%

1Y

25.98%

5Y*

14.66%

10Y*

12.97%

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THCX vs. SPY - Expense Ratio Comparison

THCX has a 0.75% expense ratio, which is higher than SPY's 0.09% 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 SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

THCX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Cannabis ETF (THCX) and SPDR S&P 500 ETF (SPY). 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 0.15, compared to the broader market0.002.004.000.152.21
The chart of Sortino ratio for THCX, currently valued at 0.32, compared to the broader market-2.000.002.004.006.008.0010.000.322.93
The chart of Omega ratio for THCX, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.001.091.41
The chart of Calmar ratio for THCX, currently valued at 0.02, compared to the broader market0.005.0010.0015.000.023.26
The chart of Martin ratio for THCX, currently valued at 0.35, compared to the broader market0.0020.0040.0060.0080.00100.000.3514.43
THCX
SPY


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.15
2.21
THCX
SPY

Dividends

THCX vs. SPY - Dividend Comparison

THCX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.


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%
SPY
SPDR S&P 500 ETF
0.86%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

THCX vs. SPY - Drawdown Comparison


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-94.08%
-2.74%
THCX
SPY

Volatility

THCX vs. SPY - Volatility Comparison

The current volatility for Cannabis ETF (THCX) is 0.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that THCX experiences smaller price fluctuations and is considered to be less risky than SPY 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
3.72%
THCX
SPY
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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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