TOKE vs. SPYD
Compare and contrast key facts about Cambria Cannabis ETF (TOKE) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
TOKE and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOKE or SPYD.
Performance
TOKE vs. SPYD - Performance Comparison
Returns By Period
In the year-to-date period, TOKE achieves a -3.49% return, which is significantly lower than SPYD's 23.07% return.
TOKE
-3.49%
-12.23%
-10.97%
2.27%
-16.32%
N/A
SPYD
23.07%
2.03%
18.43%
36.63%
8.90%
N/A
Key characteristics
| TOKE | SPYD | |
|---|---|---|
| Sharpe Ratio | 0.07 | 2.80 |
| Sortino Ratio | 0.34 | 3.87 |
| Omega Ratio | 1.05 | 1.50 |
| Calmar Ratio | 0.03 | 2.38 |
| Martin Ratio | 0.24 | 18.64 |
| Ulcer Index | 9.46% | 1.97% |
| Daily Std Dev | 33.93% | 13.06% |
| Max Drawdown | -79.46% | -46.42% |
| Current Drawdown | -77.18% | 0.00% |
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TOKE vs. SPYD - Expense Ratio Comparison
TOKE has a 0.42% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Correlation
The correlation between TOKE and SPYD 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.
Risk-Adjusted Performance
TOKE vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Cannabis ETF (TOKE) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
TOKE's dividend yield for the trailing twelve months is around 4.61%, more than SPYD's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOKE Cambria Cannabis ETF | 4.61% | 4.21% | 2.12% | 3.54% | 4.33% | 2.26% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 3.96% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
Drawdowns
TOKE vs. SPYD - Drawdown Comparison
The maximum TOKE drawdown since its inception was -79.46%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for TOKE and SPYD. For additional features, visit the drawdowns tool.
Volatility
TOKE vs. SPYD - Volatility Comparison
Cambria Cannabis ETF (TOKE) has a higher volatility of 16.71% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.43%. This indicates that TOKE's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.