The Portfolio Of 7 "Fringe" ETFs Is Down 9% MTD; Still Up YTD
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If you are interested in any of the cannabis (both LPs and MSOs), psychedelic (all clinical-stage), cryptocurrency (specifically Bitcoin), artificial intelligence (AI), "vice" industries, and/or gold and silver junior miner categories that are in the various portfolios that munKNEE.com tracks on a weekly basis then consider buying one of the ETFs analyzed in this article.
- The Global X Cannabis ETF (POTX): DOWN 0.6% MTD; DOWN 39.0% YTD
- consists of 19 constituents of which 57% are Canadian licensed producers (LPs)
- Read: 5 Largest Canadian Cannabis LPs Up Last Week
- The AdvisorsShare VICE ETF (VICE): DOWN 6.6% MTD; UP 2.1% YTD
- invests in "vice" industries which include alcohol and beer (43%), gaming and casinos (29%), tobacco and cannabis (17%), hospitality (6%) and other related business activities (5%) stocks
- Read: Upward Trend In Conservative "Cannabis" Stocks Faltered Last Week
- The AdvisorShares Pure U.S. Cannabis ETF (MSOS): DOWN 7.8% MTD; DOWN 29.0% YTD
- consists exclusively of 47 American multi-state operators (MSOs)
- Read: 7 Largest American Cannabis MSOs Down 7% Last Week; Now Down 15% MTD
- The Sprott Junior Gold Miners ETF (SGDJ): DOWN 10.1% MTD; DOWN 8.2% YTD
- consists of 45 constituents
- Read These 44 Gold Analysts Provide Specific Forecast Dates
- VanEck Bitcoin Strategy ETF (XBTF); DOWN 11.5% MTD; UP 49.9% YTD
- closely aligned with the spot price of the Bitcoin digital token
- The iShares MSCI Global Silver ETF (SLVP): DOWN 11.5% MTD; DOWN 12.6% YTD
- consists of 43 constituents
- Read Average Silver Forecast Of 26 Analysts: $31.82 By End Of 2023
- The AdvisorShares Psychedelics ETF (PSIL): DOWN 12.8% MTD; DOWN 8.1% YTD
- consists of 23 constituents
- Read: Largest Psychedelic Compound-Based R&D Stocks Continue Downward Trend
In total, the Fringe Portfolio of the above 7 ETFs are DOWN 9.0% MTD and UP 1.2% YTD. In comparison, the S&P 500 is DOWN 4.4% MTD and UP 14.2% YTD while the Nasdaq is DOWN 5.8% MTD and UP 28.9% YTD.
In addition, the munKNEE AI ETFs Portfolio is DOWN 10.6% MTD; UP 34.5% YTD
If you want to get portfolio exposure to AI companies but don't want to research and choose individual stocks on your own, then consider investing in a basket of AI-focused ETFs that provides exposure to a wide range of AI companies.
Here are 12 such ETFs: SMH; SOXX; SHOC; SOXQ; AIQ; THNQ; PSI; FTXL; SEMI; LRNZ; XSD and WTAI. On average, these 12 ETFs are DOWN 10.6% MTD, and UP 34.5% YTD as compared to the following 3 AI and AI-related munKNEE portfolios:
- Small Cap AI Stocks Portfolio: DOWN 2.2% MTD; UP 122.0% YTD
- Consider investing in one or more of these 12 small-cap stocks: Applied Optoelectronics (AAOI); Innodata (INOD); Applied Digital ((APLD); Rigetti Computing (RGTI); Verses AI (VRSSF); Rekor Systems (REKR); SoundHound AI (SOUN); Presto Automation (PRST); Exscientia ((EXAI); D-Wave Quantum (QBTS); Butterfly Network (BFLY); and Innoviz Technologies (INVZ).
- Quantum Computing Stocks Portfolio: DOWN 7.6% MTD; UP 49.4% MTD
- Here are 12 quantum computing stocks that could generate incredible returns for investors over the next few years: Alphabet (GOOGL); IBM (IBM); Amazon (AMZN); Microsoft (MSFT); Intel (INTC); Nvidia (NVDA); Taiwan Semiconductor (TSM); Alibaba (BABA); IonQ (IONQ); Baidu (BIDU); D-Wave Quantum (QBTS); and Rigetti Computing (RGTI)
- AI "Penny" Stock Portfolio: DOWN 20.0% MTD; UP 5.0% YTD
- If you are looking to invest in lesser-value artificial intelligence and intelligence-related (AI&R) stocks consider one of the few "penny" stocks that are trading for $5.00/share or less and also have market capitalizations of at least $70M, namely: Rigetti Computing (RGTI); Verses AI (VRSSF); Rekor Systems (REKR); GSI Technology (GSIT); Presto Automation (PRST); SoundHound AI (SOUN); D-Wave Quantum (QBTS); Knightscope (KSCP); Quantum Computing (QUBT); Butterfly Network (BFLY); Innoviz Tech (INVZ) and Veritone (VERI).
More By This Author:
Upward Trend In Conservative "Cannabis" Stocks Faltered Last Week
Largest Psychedelic Compound-Based R&D Stocks Continue Downward Trend
7 Largest American Cannabis MSOs Down 7% Last Week; Now Down 15% MTD
Disclosure: None
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