THCX vs. TOKE
Compare and contrast key facts about Cannabis ETF (THCX) and Cambria Cannabis ETF (TOKE).
THCX and TOKE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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: THCX or TOKE.
Key characteristics
| THCX | TOKE |
|---|
Correlation
The correlation between THCX and TOKE is 0.85, 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
THCX 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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THCX vs. TOKE - Expense Ratio Comparison
THCX has a 0.75% expense ratio, which is higher than TOKE's 0.42% expense ratio.
Risk-Adjusted Performance
THCX vs. TOKE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cannabis ETF (THCX) 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
THCX vs. TOKE - Dividend Comparison
THCX has not paid dividends to shareholders, while TOKE's dividend yield for the trailing twelve months is around 3.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
THCX Cannabis ETF | 105.05% | 2.87% | 1.03% | 0.04% | 3.58% | 3.33% |
TOKE Cambria Cannabis ETF | 3.61% | 4.20% | 2.11% | 3.54% | 4.33% | 2.21% |
Drawdowns
THCX vs. TOKE - Drawdown Comparison
Volatility
THCX vs. TOKE - Volatility Comparison
The current volatility for Cannabis ETF (THCX) is 0.00%, while Cambria Cannabis ETF (TOKE) has a volatility of 15.30%. This indicates that THCX 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.