TOKE vs. POTX
Compare and contrast key facts about Cambria Cannabis ETF (TOKE) and Global X Cannabis ETF (POTX).
TOKE and POTX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOKE is an actively managed fund by Cambria. It was launched on Jul 25, 2019. POTX is a passively managed fund by Global X that tracks the performance of the Cannabis Index. It was launched on Sep 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOKE or POTX.
Performance
TOKE vs. POTX - Performance Comparison
Returns By Period
TOKE
-0.65%
-7.13%
-13.72%
6.20%
-15.49%
N/A
POTX
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| TOKE | POTX |
|---|
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TOKE vs. POTX - Expense Ratio Comparison
TOKE has a 0.42% expense ratio, which is lower than POTX's 0.51% expense ratio.
Correlation
The correlation between TOKE and POTX is 0.78, 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.
Risk-Adjusted Performance
TOKE vs. POTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Cannabis ETF (TOKE) and Global X Cannabis ETF (POTX). 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
TOKE vs. POTX - Dividend Comparison
TOKE's dividend yield for the trailing twelve months is around 4.48%, while POTX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
TOKE Cambria Cannabis ETF | 4.48% | 4.21% | 2.12% | 3.54% | 4.33% | 2.26% |
POTX Global X Cannabis ETF | 103.82% | 6.37% | 3.27% | 4.28% | 5.47% | 1.43% |
Drawdowns
TOKE vs. POTX - Drawdown Comparison
Volatility
TOKE vs. POTX - Volatility Comparison
Cambria Cannabis ETF (TOKE) has a higher volatility of 17.20% compared to Global X Cannabis ETF (POTX) at 0.00%. This indicates that TOKE's price experiences larger fluctuations and is considered to be riskier than POTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.