These 9 Fringe ETFs Have Outperformed The S&P 500 And Nasdaq
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Consider buying one of the 9 ETFs analyzed in this article 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 in articles posted exclusively on TalkMarkets.com.
Below is a description of each of the nine ETFs and its performance month-to-date (MTD) and YTD, and how they compare with the munKNEE portfolios.
- The Sprott Junior Gold Miners ETF (SGDJ): UP 8.5% MTD; UP 5.3% YTD
- consists of 45 constituents
- Read These 44 Gold Analysts Provide Specific Forecast Dates
- The AdvisorShares Psychedelics ETF (PSIL): UP 8.2% MTD; UP 7.0% YTD
- consists of 23 constituents
- Read Largest Psychedelic Compound-Based Drug Stocks Up 14% MTD; Now Up 27% YTD
- The iShares MSCI Global Silver ETF (SLVP): UP 8.0% MTD; DOWN 0.8% YTD
- consists of 43 constituents
- Read Average Silver Forecast Of 26 Analysts: $31.82 By End Of 2023
- The Invesco PHLX Semiconductor ETF (SOXQ): UP 7% MTD; UP 46.3% YTD
- consists of 30 constituents
- Read These 17 Major AI Companies Are Not In A Bubble - At Least Not Yet and Bubble In These 10 AI Stocks Accelerated Last Week
- The AdvisorsShare VICE ETF (VICE): UP 3.0% MTD; UP 11.1% 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 The Conservative "Cannabis" Stock Index Is Now Up 4% MTD And +11% YTD
- The Global X Artificial Intelligence & Technology ETF (AIQ): UP 2.4% MTD; UP 42.4% YTD
- invests in 92 companies developing and utilizing artificial intelligence technology in their products and services
- Read These 10 "Penny" AI Stocks Are Up 51% With Lots Of Room To Run
- The AdvisorShares Pure U.S. Cannabis ETF (MSOS): DOWN 3.6% MTD; DOWN 23.6% YTD
- consists exclusively of 47 American multi-state operators (MSOs)
- Read Largest Cannabis MSOs Down 8.5% So Far This Week
- The Global X Cannabis ETF (POTX): DOWN 3.6% MTD; DOWN 44.7% YTD
- consists of 19 constituents of which 57% are Canadian licensed producers (LPs)
- Read Largest Cannabis LPs Down 5% This Week
- The ProShares Bitcoin Strategy ETF (BITO): DOWN 6.1% MTD; UP 52.9% YTD
- closely aligned with the spot price of the Bitcoin digital token
- Read: An Easy Way To Invest In Bitcoin
In total, a Fringe Portfolio of the above 9 ETFs would be UP 3.5% MTD and UP 15.5% YTD. In comparison, the S&P 500 is UP 2.0% MTD and UP 18.2% YTD while the Nasdaq is UP 2.2% MTD and UP 34.6% YTD.
More By This Author:
The Conservative "Cannabis" Stock Index Is Now Up 4% MTD And +11% YTD
Largest Psychedelic Compound-Based Drug Stocks Up 14% MTD; Now Up 27% YTD
Largest Cannabis LPs Down 5% This Week
Disclosure: None
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