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ETFs

AdvisorShares Pure Cannabis ETF

YOLO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 17 2019
Expense Ratio
0.88%
Type
Global Equities
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$78,983
AUM
$35,663,600
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MSOS
Advisorshares Trust - AdvisorShares Pure US Cannabis ETF
54.14%
VFF
Village Farms International Inc
7.12%
HITI
HIGH TIDE INC
4.82%
JAZZ
Jazz Pharmaceuticals plc
4.48%
GRWG
GrowGeneration Corp
4.29%
TLRY
Tilray Brands Inc
3.60%
REFI
Chicago Atlantic Real Estate Finance Inc
3.23%
SNDL
SNDL Inc
2.61%
CRDL
CARDIOL THERAPEUTICS INC-A
2.61%
OGI
ORGANIGRAM HOLDINGS INC
2.52%
Invest with YOLO

What is YOLO?

The AdvisorShares Pure Cannabis ETF (Ticker: YOLO) became the first actively managed ETF with a dedicated cannabis investment mandate domiciled in the United States. The AdvisorShares Pure Cannabis ETF, or YOLO, seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities. YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.

ETFs related toYOLO

ETFs correlated to YOLO include MJ, MSOS, CWB

YOLO
Advisorshares Trust - AdvisorShares Pure Cannabis ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
MSOS
Advisorshares Trust - AdvisorShares Pure US Cannabis ETF
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
ICVT
BlackRock Institutional Trust Company N.A. - iShares Convertible Bond ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
ISCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Small-Cap Growth ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth 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 toYOLO

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with YOLO using Composer

FAQ

YOLO is a Global Equities ETF. The AdvisorShares Pure Cannabis ETF (Ticker: YOLO) became the first actively managed ETF with a dedicated cannabis investment mandate domiciled in the United States. The AdvisorShares Pure Cannabis ETF, or YOLO, seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities. YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.

Yes, YOLO 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, YOLO 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 YOLO is -0.085%. This is the percent change in the value of YOLO over the most recent 1-month period. The 3-month return on YOLO is -0.1688%. This is the percent change in the value of YOLO over the most recent 3-month period.

The standard deviation of YOLO for the past year is 0.5056%. 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 YOLO include ICLN, TAN, and ACWV.

ETFs correlated to YOLO include MJ, MSOS, and CWB.

ETFs that are inversely correlated to YOLO include SARK, HDGE, and SRTY.

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.