TOKE vs. XLP
Compare and contrast key facts about Cambria Cannabis ETF (TOKE) and Consumer Staples Select Sector SPDR Fund (XLP).
TOKE and XLP 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. XLP is a passively managed fund by State Street that tracks the performance of the Consumer Staples Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOKE or XLP.
Performance
TOKE vs. XLP - Performance Comparison
Returns By Period
In the year-to-date period, TOKE achieves a -3.49% return, which is significantly lower than XLP's 14.87% return.
TOKE
-3.49%
-11.83%
-9.23%
2.27%
-16.33%
N/A
XLP
14.87%
-1.12%
6.81%
18.84%
8.62%
8.14%
Key characteristics
| TOKE | XLP | |
|---|---|---|
| Sharpe Ratio | 0.09 | 1.94 |
| Sortino Ratio | 0.37 | 2.77 |
| Omega Ratio | 1.05 | 1.33 |
| Calmar Ratio | 0.04 | 2.04 |
| Martin Ratio | 0.32 | 11.40 |
| Ulcer Index | 9.39% | 1.73% |
| Daily Std Dev | 33.94% | 10.18% |
| Max Drawdown | -79.46% | -35.89% |
| Current Drawdown | -77.18% | -3.25% |
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TOKE vs. XLP - Expense Ratio Comparison
TOKE has a 0.42% expense ratio, which is higher than XLP's 0.13% expense ratio.
Correlation
The correlation between TOKE and XLP is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
TOKE vs. XLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Cannabis ETF (TOKE) and Consumer Staples Select Sector SPDR Fund (XLP). 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. XLP - Dividend Comparison
TOKE's dividend yield for the trailing twelve months is around 4.61%, more than XLP's 2.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOKE Cambria Cannabis ETF | 4.61% | 4.21% | 2.12% | 3.54% | 4.33% | 2.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLP Consumer Staples Select Sector SPDR Fund | 2.60% | 2.63% | 2.47% | 2.28% | 2.50% | 2.57% | 3.04% | 2.62% | 2.53% | 2.53% | 2.40% | 2.39% |
Drawdowns
TOKE vs. XLP - Drawdown Comparison
The maximum TOKE drawdown since its inception was -79.46%, which is greater than XLP's maximum drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for TOKE and XLP. For additional features, visit the drawdowns tool.
Volatility
TOKE vs. XLP - Volatility Comparison
Cambria Cannabis ETF (TOKE) has a higher volatility of 16.75% compared to Consumer Staples Select Sector SPDR Fund (XLP) at 3.16%. This indicates that TOKE's price experiences larger fluctuations and is considered to be riskier than XLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.