October Update Of Marijuana ETF Performances
The performance of the 15 marijuana/marijuana-related ETFs varies dramatically depending on their makeup of constituents. In October this segment of the cannabis market ranged from +/-0% to -14.3% (excluding the 2 leveraged ETFs) and declined on average by 8.4% in total.
The marijuana & marijuana-related ETFs segment of the cannabis market consists of 15 ETFs of which 2 are US-centric (HMUS; USMJ), 2 are leveraged plays (HMJU; HMJI), 2 are marijuana/marijuana-related plays (ACT; MJ) and the remaining 9 are more broadly based. In addition, 7 the 15 are passively managed and 8 are actively managed.
The ETFs (excluding the leveraged ETFs) experienced a:
- decline 8.4% in October, on average vs. a
- decline of 13.3% in September, on average, following on the heels of a
- decline of 11.9%, on average, in August.
Below is a summary of the performance of all 15 marijuana ETFs last week:
| Name | Symbol | Oct.31 Price | Sept.30 Price | % Change | 2019 Peak Price | ||||
|---|---|---|---|---|---|---|---|---|---|
| 1. |
AdvisorShares Pure Cannabis ETF |
YOLO | $13.28 | $14.56 | -8.8% | $26.24 | |||
| 2. | Amplify Seymour Cannabis ETF | CNBS | $15.88 | $17.99 | -11.7% |
$24.93 |
|||
| 3. |
|
HMJU | $4.34 | $5.89 | -26.3% | $21.01 | |||
| 4. | BetaPro Marijuana Companies Inverse ETF | HMJI | $33.61 | $30.72 | +9.4% | $19.69 | |||
| 5. | Cambria Marijuana Industry ETF | TOKE | $17.11 | $18.85 | -4.4% | $25.58 | |||
| 6. | Innovation Shares The Cannabis ETF | THCX | $15.10 | $16.54 | -9.2% | $24.56 | |||
| 7. | Evolve Marijuana Fund ETF | SEED | $14.03 | $16.38 | -14.3% | $30.26 | |||
| 8. | Global X Marijuana ETF | POTX | $17.95 | $20.93 | -14.2% | $23.91 | |||
| 9. | Evolve US Marijuana ETF | USMJ | $10.80 | $11.78 | -8.3% | $21.45 | |||
| 10. | Horizons Emerging Marijuana Growers ETF | HMJR | $3.17 | $3.63 | -12.7% | $8.25 | |||
| 11. | Advisor Shares VICE ETF | ACT | $23.59 | $23.64 | 0.00% | $25.84 | |||
| 12. | Horizons Marijuana Life Sciences ETF | HMMJ | $10.46 | $11.90 | -12.1% | $23.65 | |||
| 13. | ETFMG Alternative Harvest ETF | MJ | $19.39 | $20.76 | -6.6% |
$37.94 |
|||
| 14. | Horizons US Marijuana Index ETF | HMUS | 4.56 | $4.71 | -3.2% | $10.51 | |||
| 15. | Purpose Marijuana Opportunities ETF | MJJ | 18.87 | $19.48 | -3.1% | $36.04 |
The Advisor Shares VICE ETF (Nasdaq:ACT) was the best performing marijuana/marijuana-related ETF again this month given its 30 diversified holdings (see here) in select alcohol companies (24.0%), alcohol companies with cannabis exposure (7.6%), tobacco companies (8.2%), tobacco companies with cannabis exposure (13.7%), restaurant & entertainment companies (16.1%) and cannabis companies (30.3%).
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