THCX vs. VONG
Compare and contrast key facts about Cannabis ETF (THCX) and Vanguard Russell 1000 Growth ETF (VONG).
THCX and VONG 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. VONG is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Growth Index. It was launched on Sep 20, 2010. Both THCX and VONG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: THCX or VONG.
Key characteristics
| THCX | VONG |
|---|
Correlation
The correlation between THCX and VONG is 0.48, 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. VONG - 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. VONG - Expense Ratio Comparison
THCX has a 0.75% expense ratio, which is higher than VONG's 0.08% expense ratio.
Risk-Adjusted Performance
THCX vs. VONG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cannabis ETF (THCX) and Vanguard Russell 1000 Growth ETF (VONG). 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. VONG - Dividend Comparison
THCX has not paid dividends to shareholders, while VONG's dividend yield for the trailing twelve months is around 0.69%.
| 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% |
VONG Vanguard Russell 1000 Growth ETF | 0.69% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% | 1.43% | 1.28% |
Drawdowns
THCX vs. VONG - Drawdown Comparison
Volatility
THCX vs. VONG - Volatility Comparison
The current volatility for Cannabis ETF (THCX) is 0.00%, while Vanguard Russell 1000 Growth ETF (VONG) has a volatility of 5.42%. This indicates that THCX experiences smaller price fluctuations and is considered to be less risky than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.