YOLO vs. THCX
Compare and contrast key facts about AdvisorShares Pure Cannabis ETF (YOLO) and Cannabis ETF (THCX).
YOLO and THCX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YOLO is an actively managed fund by AdvisorShares. It was launched on Apr 17, 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: YOLO or THCX.
Key characteristics
| YOLO | THCX |
|---|
Correlation
The correlation between YOLO and THCX is 0.81, 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
YOLO 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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YOLO vs. THCX - Expense Ratio Comparison
Both YOLO and THCX have an expense ratio of 0.75%.
Risk-Adjusted Performance
YOLO vs. THCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure Cannabis ETF (YOLO) 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
YOLO vs. THCX - Dividend Comparison
YOLO's dividend yield for the trailing twelve months is around 1.29%, while THCX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
YOLO AdvisorShares Pure Cannabis ETF | 1.29% | 1.17% | 0.55% | 3.93% | 2.03% | 4.52% |
THCX Cannabis ETF | 105.05% | 2.87% | 1.03% | 0.04% | 3.58% | 3.33% |
Drawdowns
YOLO vs. THCX - Drawdown Comparison
Volatility
YOLO vs. THCX - Volatility Comparison
AdvisorShares Pure Cannabis ETF (YOLO) has a higher volatility of 23.74% compared to Cannabis ETF (THCX) at 0.00%. This indicates that YOLO'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.