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.
Performance
TOKE vs. SPYD - Performance Comparison
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TOKE vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TOKE Cambria Cannabis ETF | -14.29% | 21.18% | -6.39% | -9.28% | -45.07% | -12.91% | 1.52% | -37.55% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 5.92% | 4.65% | 15.34% | 3.91% | -1.17% | 32.73% | -11.64% | 6.18% |
Returns By Period
In the year-to-date period, TOKE achieves a -14.29% return, which is significantly lower than SPYD's 5.92% return.
TOKE
- 1D
- 3.33%
- 1M
- -5.75%
- YTD
- -14.29%
- 6M
- -17.35%
- 1Y
- 20.81%
- 3Y*
- -2.25%
- 5Y*
- -21.57%
- 10Y*
- —
SPYD
- 1D
- -0.37%
- 1M
- -4.38%
- YTD
- 5.92%
- 6M
- 4.97%
- 1Y
- 7.58%
- 3Y*
- 11.05%
- 5Y*
- 7.71%
- 10Y*
- 8.45%
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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.
Return for Risk
TOKE vs. SPYD — Risk / Return Rank
TOKE
SPYD
TOKE vs. SPYD - Risk-Adjusted Trends 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.
| TOKE | SPYD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 0.49 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.19 | 0.78 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.10 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.59 | +0.11 |
Martin ratioReturn relative to average drawdown | 1.56 | 2.09 | -0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TOKE | SPYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.49 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.66 | 0.48 | -1.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.45 | -0.95 |
Correlation
The correlation between TOKE and SPYD 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.
Dividends
TOKE vs. SPYD - Dividend Comparison
TOKE's dividend yield for the trailing twelve months is around 1.06%, less than SPYD's 4.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOKE Cambria Cannabis ETF | 1.06% | 0.91% | 6.62% | 4.20% | 2.11% | 3.54% | 4.33% | 2.26% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.38% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Drawdowns
TOKE vs. SPYD - Drawdown Comparison
The maximum TOKE drawdown since its inception was -83.27%, 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.
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Drawdown Indicators
| TOKE | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.27% | -46.42% | -36.85% |
Max Drawdown (1Y)Largest decline over 1 year | -26.30% | -12.35% | -13.95% |
Max Drawdown (5Y)Largest decline over 5 years | -78.40% | -22.25% | -56.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.42% | — |
Current DrawdownCurrent decline from peak | -77.02% | -4.70% | -72.32% |
Average DrawdownAverage peak-to-trough decline | -60.97% | -6.24% | -54.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.86% | 3.47% | +8.39% |
Volatility
TOKE vs. SPYD - Volatility Comparison
Cambria Cannabis ETF (TOKE) has a higher volatility of 9.28% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.03%. 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.
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Volatility by Period
| TOKE | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.28% | 3.03% | +6.25% |
Volatility (6M)Calculated over the trailing 6-month period | 30.85% | 8.61% | +22.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.84% | 15.67% | +28.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.60% | 16.24% | +16.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.02% | 19.80% | +16.22% |