Skip to Content
ETFs

Roundhill Cannabis ETF

WEED
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Apr 20, 2022
Expense Ratio
0.39%
Type
Global Equities
Fund Owner
Roundhill Financial
Volume (1m avg. daily)
$343,564
AUM
$3,427,735
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
UNITED STATES TREAS BILLS 10/03/2023
76.03%
—
Cash & Other
-75.95%
Invest with WEED
Trade WEED Options

What is WEED?

The Roundhill Cannabis ETF ("WEED ETF") is designed to offer investors exposure to the cannabis sector. The fund invests in various cannabis related companies, including: (i) cannabis producers and distributors, (ii) cannabis-related technology companies, and (iii) additional cannabis related ancillary businesses. The Roundhill Cannabis ETF may utilize total return swaps to provide exposure to U.S. focused cannabis companies. Total return swaps are over-the-counter derivatives which provide the fund with exposure to the underlying reference assets (i.e. MSOs). Total return swaps introduce counterparty risk via prime brokers that the Fund engages with.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

WEED
Performance Measures**

for the time period Apr 20, 2022 to Dec 4, 2025

Returns

1M Trailing Return: -5.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -14.8%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -88.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 75.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.18

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.38

The annualized return divided by the max drawdown for the selected time period.

ETFs related toWEED

ETFs correlated to WEED include MSOX, MSOS, MJ

WEED
Listed Funds Trust - Roundhill Cannabis ETF
MSOX
Advisorshares Trust - AdvisorShares MSOS 2x Daily ETF
MSOS
Advisorshares Trust - AdvisorShares Pure US Cannabis ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
TIME
Capitol Series Trust - Clockwise Core Equity & Innovation ETF
TJUL
Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2025

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.

FAQ

WEED is a Global Equities ETF. The Roundhill Cannabis ETF ("WEED ETF") is designed to offer investors exposure to the cannabis sector. The fund invests in various cannabis related companies, including: (i) cannabis producers and distributors, (ii) cannabis-related technology companies, and (iii) additional cannabis related ancillary businesses. The Roundhill Cannabis ETF may utilize total return swaps to provide exposure to U.S. focused cannabis companies. Total return swaps are over-the-counter derivatives which provide the fund with exposure to the underlying reference assets (i.e. MSOs). Total return swaps introduce counterparty risk via prime brokers that the Fund engages with.

Yes, WEED 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, WEED 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 WEED is 0.6541%. This is the percent change in the value of WEED over the most recent 1-month period. The 3-month return on WEED is 0.4711%. This is the percent change in the value of WEED over the most recent 3-month period.

The standard deviation of WEED for the past year is 0.7439%. 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 WEED include PBW, IGF, and EFG.

ETFs correlated to WEED include MSOX, MSOS, and MJ.

ETFs that are inversely correlated to WEED include SARK, BTAL, and WEBS.

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.