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ETFs

Cambria Cannabis ETF

TOKE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 25 2019
Expense Ratio
0.42%
Type
Global Equities
Fund Owner
Cambria Funds
Volume (1m avg. daily)
$17,540
AUM
$11,214,012
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

STZ
Constellation Brands Inc - Ordinary Shares - Class A
9.75%
n/a
Cash Equivalent
9.08%
IMB
IMPERIAL BRANDS PLC
8.31%
JAZZ
Jazz Pharmaceuticals plc
8.28%
MO
Altria Group Inc.
7.39%
SMG
Scotts Miracle-Gro Company - Ordinary Shares - Class A
7.32%
PM
Philip Morris International Inc
6.86%
IIPR
Innovative Industrial Properties Inc
5.18%
UVV
Universal Corp.
4.96%
BATS
BRITISH AMERICAN TOBACCO PLC
4.68%
Invest with TOKE

What is TOKE?

The Cambria Cannabis ETF seeks capital appreciation from investments in the global equity markets that have exposure to the broad cannabis industry. The Fund will target investing in approximately 20 to 50 of the top companies with exposure to the broad cannabis industry based on Cambria s determination as to their exposure to the industry. The Fund generally expects to invest in companies across a broad market capitalization spectrum of micro-, small-, and mid-capitalization stocks.

ETFs related toTOKE

ETFs correlated to TOKE include MJ, CVLC, VTWO

TOKE
Cambria Investment Management LP - Cambria Cannabis ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
IWC
BlackRock Institutional Trust Company N.A. - iShares Micro-Cap ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite 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 toTOKE

#IWM

Russell 2000

Category

Benchmarks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TOKE using Composer

FAQ

TOKE is a Global Equities ETF. The Cambria Cannabis ETF seeks capital appreciation from investments in the global equity markets that have exposure to the broad cannabis industry. The Fund will target investing in approximately 20 to 50 of the top companies with exposure to the broad cannabis industry based on Cambria s determination as to their exposure to the industry. The Fund generally expects to invest in companies across a broad market capitalization spectrum of micro-, small-, and mid-capitalization stocks.

Yes, TOKE is actively 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.

No, TOKE is not passively managed. It is actively 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 TOKE is -0.0987%. This is the percent change in the value of TOKE over the most recent 1-month period. The 3-month return on TOKE is -0.105%. This is the percent change in the value of TOKE over the most recent 3-month period.

The standard deviation of TOKE for the past year is 0.3245%. 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 TOKE include TAN, EFG, and PBW.

ETFs correlated to TOKE include MJ, CVLC, and VTWO.

ETFs that are inversely correlated to TOKE include SRTY, TWM, and TZA.

Disclaimers

*

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.