TOKE vs. THCX
Compare and contrast key facts about Cambria Cannabis ETF (TOKE) and Cannabis ETF (THCX).
TOKE and THCX 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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOKE or THCX.
Key characteristics
| TOKE | THCX |
|---|
Correlation
The correlation between TOKE and THCX 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
TOKE vs. THCX - 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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TOKE vs. THCX - Expense Ratio Comparison
TOKE has a 0.42% expense ratio, which is lower than THCX's 0.75% expense ratio.
Risk-Adjusted Performance
TOKE vs. THCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Cannabis ETF (TOKE) and Cannabis ETF (THCX). 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. THCX - Dividend Comparison
TOKE's dividend yield for the trailing twelve months is around 3.80%, while THCX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
TOKE Cambria Cannabis ETF | 3.80% | 4.20% | 2.11% | 3.54% | 4.33% | 2.21% |
THCX Cannabis ETF | 105.05% | 2.87% | 1.03% | 0.04% | 3.58% | 3.33% |
Drawdowns
TOKE vs. THCX - Drawdown Comparison
Volatility
TOKE vs. THCX - Volatility Comparison
Cambria Cannabis ETF (TOKE) has a higher volatility of 10.60% compared to Cannabis ETF (THCX) at 0.00%. This indicates that TOKE's price experiences larger fluctuations and is considered to be riskier than THCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.