WEED.TO vs. YOLO
Compare and contrast key facts about Canopy Growth Corporation (WEED.TO) and AdvisorShares Pure Cannabis ETF (YOLO).
YOLO is an actively managed fund by AdvisorShares. It was launched on Apr 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEED.TO or YOLO.
Correlation
The correlation between WEED.TO and YOLO is 0.40, 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.
Performance
WEED.TO vs. YOLO - Performance Comparison
Key characteristics
WEED.TO:
-0.68
YOLO:
-0.98
WEED.TO:
-1.64
YOLO:
-1.51
WEED.TO:
0.81
YOLO:
0.81
WEED.TO:
-0.83
YOLO:
-0.50
WEED.TO:
-1.17
YOLO:
-1.23
WEED.TO:
70.92%
YOLO:
38.55%
WEED.TO:
122.05%
YOLO:
48.33%
WEED.TO:
-99.84%
YOLO:
-94.68%
WEED.TO:
-99.72%
YOLO:
-93.28%
Returns By Period
In the year-to-date period, WEED.TO achieves a -47.46% return, which is significantly lower than YOLO's -21.68% return.
WEED.TO
-47.46%
31.01%
-69.60%
-83.13%
-60.80%
-20.38%
YOLO
-21.68%
1.90%
-44.74%
-49.36%
-24.39%
N/A
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Risk-Adjusted Performance
WEED.TO vs. YOLO — Risk-Adjusted Performance Rank
WEED.TO
YOLO
WEED.TO vs. YOLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canopy Growth Corporation (WEED.TO) and AdvisorShares Pure Cannabis ETF (YOLO). 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
WEED.TO vs. YOLO - Dividend Comparison
WEED.TO has not paid dividends to shareholders, while YOLO's dividend yield for the trailing twelve months is around 3.11%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
WEED.TO Canopy Growth Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YOLO AdvisorShares Pure Cannabis ETF | 3.11% | 3.60% | 1.18% | 0.56% | 3.93% | 2.03% | 4.52% |
Drawdowns
WEED.TO vs. YOLO - Drawdown Comparison
The maximum WEED.TO drawdown since its inception was -99.84%, which is greater than YOLO's maximum drawdown of -94.68%. Use the drawdown chart below to compare losses from any high point for WEED.TO and YOLO. For additional features, visit the drawdowns tool.
Volatility
WEED.TO vs. YOLO - Volatility Comparison
Canopy Growth Corporation (WEED.TO) has a higher volatility of 40.98% compared to AdvisorShares Pure Cannabis ETF (YOLO) at 17.02%. This indicates that WEED.TO's price experiences larger fluctuations and is considered to be riskier than YOLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.