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ETFs

AXS Cannabis ETF

THCX
$--
Today’s Change
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Snapshot
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Inception Date
Jul 09 2019
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$37,555
AUM
$15,024,090
Associated Index
AXS Cannabis Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IIPR
Innovative Industrial Properties Inc
7.76%
SMG
Scotts Miracle-Gro Company - Ordinary Shares - Class A
7.66%
AFCG
AFC Gamma Inc
7.57%
CRDL
CARDIOL THERAPEUTICS INC-A
6.84%
GRWG
GrowGeneration Corp
6.59%
CRON
CRONOS GROUP INC
5.12%
REFI
Chicago Atlantic Real Estate Finance Inc
4.94%
HITI
HIGH TIDE INC
4.81%
MAPS
WM Technology Inc - Ordinary Shares - Class A
4.73%
NOVC
NOVA CANNABIS INC
4.66%
Invest with THCX

What is THCX?

The AXS Cannabis ETF (THCX) is an exchange traded fund that provides investors with a liquid and diversified vehicle to gain access to the growth of the legal cannabis market. It seeks to provide investment results that correspond generally to the total return performance of the AXS Cannabis Index. The Fund will also invest, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in exchange listed common stock or corresponding American Depositary Receipts ("ADRs") of Cannabis Companies. "Cannabis Companies" are companies that have a business interest in the legal cannabis-based pharmaceutical and consumer wellness & product markets.

ETFs related toTHCX

ETFs correlated to THCX include MJ, KOMP, ISCG

THCX
Investment Managers Series Trust II - AXS Cannabis ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ISCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Small-Cap Growth ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTHCX

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with THCX using Composer

FAQ

THCX is a Global Equities ETF. The AXS Cannabis ETF (THCX) is an exchange traded fund that provides investors with a liquid and diversified vehicle to gain access to the growth of the legal cannabis market. It seeks to provide investment results that correspond generally to the total return performance of the AXS Cannabis Index. The Fund will also invest, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in exchange listed common stock or corresponding American Depositary Receipts ("ADRs") of Cannabis Companies. "Cannabis Companies" are companies that have a business interest in the legal cannabis-based pharmaceutical and consumer wellness & product markets.

THCX tracks the AXS Cannabis Index.

No, THCX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, THCX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on THCX is -0.1371%. This is the percent change in the value of THCX over the most recent 1-month period. The 3-month return on THCX is -0.2897%. This is the percent change in the value of THCX over the most recent 3-month period.

The standard deviation of THCX for the past year is 0.5033%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to THCX include IGF, EFG, and ICLN.

ETFs correlated to THCX include MJ, KOMP, and ISCG.

ETFs that are inversely correlated to THCX include SARK, BTAL, and HDGE.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.