Cambria Cannabis ETF
ALTAR
Score™
-5.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-26.0x P/Sales
ratio
1.1x
P/BV
ratio
1.2x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Cambria Cannabis ETF is an actively-managed portfolio of global companies related to cannabis and hemp.

FUND BASICS
Category Global Equities
Fund Sponsor Cambria
Website www.cambriafunds.com
Inception date Jul 25, 2019
Assets (mns) $9
Currency USD
Expense ratio 42 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 33
Wgt avg mkt cap (mns) $13,597
Large cap (>$10bn) 21.3%
Mid cap ($2-10bn) 19.3%
Small cap (<$2bn) 59.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GW PHARMACEUTICALS PLC SPONSORED A 8.6 %
CONSTELLATION BRANDS INC-A 6.8 %
APHRIA INC 6.3 %
BRITISH AMERICAN TOBACCO PLC 6.0 %
CANOPY GROWTH CORPORATION 4.8 %
GREENLANE HOLDINGS, INC. CLASS A 4.7 %
SCOTTS MIRACLE-GRO CO-CL A 4.7 %
MEDIPHARM LABS CORP. 4.1 %
CRONOS GROUP INC 3.9 %
PHILIP MORRIS INTERNATIONAL 3.8 %
Total 53.6 %

TOP COUNTRY EXPOSURE
CANADA 44.6 %
UNITED STATES 34.3 %
BRITAIN 14.6 %
AUSTRALIA 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 01)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $10.74
30d moving avg. $11.38
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 8
Turnover 1.0%
Bid/Ask (% of price) 0.84%
ADV underlying (mns) $2,249

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Cambria Cannabis ETF ETF based on the alternatives' overlap in portfolio holdings with TOKE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TOKE Expense: 42 bp ALTAR Score™: -5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TOKE
Ticker Fund
Name
Overlap1
vs TOKE
(%)
Expense
ratio
(bp)
Savings
vs TOKE
(bp)
ALTAR
Score™
(%)
ALTAR
vs TOKE
(%)
MJ ETFMG Alternative Harvest ETF 53.3 75 -33 -6.3 -1.0
THCX The Cannabis ETF 52.6 70 -28 -11.8 -6.5
CNBS Amplify Seymour Cannabis ETF 46.6 75 -33 -13.8 -8.5
POTX Global X Cannabis ETF 46.0 50 -8 -43.4 -38.1
YOLO AdvisorShares Pure Cannabis ETF 35.7 74 -32 -21.5 -16.3
ACT AdvisorShares Vice ETF 15.2 99 -57 7.0 +12.3
KXI iShares Global Consumer Staples ETF 9.3 46 -4 5.8 +11.0
XLP Consumer Staples Select Sector SPDR Fund 8.9 13 29 5.8 +11.0
JHMS John Hancock Multifactor Consumer Staples ETF 8.8 40 2 6.5 +11.8
VDC Vanguard Consumer Staples Index Fund 8.8 10 32 5.9 +11.2
IECS iShares Evolved U.S. Consumer Staples ETF 8.8 18 24 6.2 +11.4
FSTA Fidelity MSCI Consumer Staples Index ETF 8.7 8 34 5.9 +11.1
IYK iShares U.S. Consumer Goods ETF 8.5 42 0 6.6 +11.9
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 8.3 40 2 6.7 +12.0
PEY Invesco High Yield Equity Dividend Achievers ETF 8.1 53 -11 9.4 +14.7
DIV Global X SuperDividend US ETF 7.4 45 -3 14.3 +19.5
FDL First Trust Morningstar Dividend Leaders Index Fund 7.2 45 -3 10.7 +16.0
DURA VanEck Vectors Morningstar Durable Dividend ETF 7.2 29 13 8.2 +13.4
FDVV Fidelity Core Dividend ETF 6.3 29 13 9.3 +14.6
MOAT VanEck Vectors Morningstar Wide Moat ETF 6.1 49 -7 7.6 +12.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 6.1 30 12 11.0 +16.2
DNL WisdomTree Global ex-US Dividend Growth Fund 6.0 58 -16 9.4 +14.6
DHS WisdomTree U.S. High Dividend Fund 5.9 38 4 10.0 +15.3
GBDV Global Beta Smart Income ETF 5.4 29 13 13.9 +19.1
IDV iShares International Select Dividend ETF 5.0 49 -7 14.7 +20.0
SOIL Global X Fertilizers/Potash ETF 4.7 69 -27 7.3 +12.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 4.5 58 -16 7.7 +13.0
DEW WisdomTree Global High Dividend Fund 4.4 58 -16 11.2 +16.4
EWU iShares MSCI United Kingdom ETF 4.3 50 -8 8.5 +13.7
GCOW Pacer Global High Dividend ETF 4.3 60 -18 13.1 +18.4
QGBR SPDR MSCI UK StrategicFactors ETF 4.3 14 28 9.1 +14.4
SPDV AAM S&P 500 High Dividend Value ETF 4.1 29 13 13.6 +18.8
FLGB Franklin FTSE United Kingdom ETF 4.1 9 33 9.1 +14.3
FXZ First Trust Materials AlphaDEX Fund 3.9 65 -23 10.1 +15.4
SDOG ALPS Sector Dividend Dogs ETF 3.8 40 2 13.2 +18.4
FCPI Fidelity Stocks for Inflation ETF 3.8 29 13 8.8 +14.0
IQDG WisdomTree International Quality Dividend Growth Fund 3.8 38 4 7.8 +13.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 3.8 38 4 9.7 +15.0
SYE SPDR MFS Systematic Core Equity ETF 3.8 60 -18 7.8 +13.1
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 3.8 52 -10 6.6 +11.9
IVLU iShares Edge MSCI Intl Value Factor ETF 3.7 30 12 13.5 +18.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 3.7 58 -16 7.6 +12.9
NETL NETLease Corporate Real Estate ETF 3.7 60 -18 9.3 +14.5
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 3.7 60 -18 4.7 +9.9
DVY iShares Select Dividend ETF 3.6 39 3 10.3 +15.5
DVOP Source Dividend Opportunity ETF 3.5 50 -8 11.1 +16.3
OUSA O'Shares FTSE US Quality Dividend ETF 3.4 48 -6 6.8 +12.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 3.3 28 14 8.0 +13.2
JKF iShares Morningstar Large Cap Value ETF 3.3 25 17 9.3 +14.5
SYG SPDR MFS Systematic Growth Equity ETF 3.3 60 -18 5.7 +10.9
JOYY Infusive Compounding Global Equities ETF 3.3 50 -8 4.9 +10.2
TTFS AdvisorShares Wilshire Buyback ETF 3.3 91 -49 7.2 +12.5
DLN WisdomTree U.S. LargeCap Dividend Fund 3.0 28 14 7.7 +13.0
SPYD SPDR S&P 500 High Dividend ETF 3.0 7 35 13.2 +18.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 3.0 37 5 8.7 +14.0
QDEF FlexShares Quality Dividend Defensive Index Fund 3.0 37 5 7.6 +12.9
QVAL Alpha Architect U.S. Quantitative Value ETF 2.9 49 -7 16.4 +21.7
SCHD Schwab U.S. Dividend Equity ETF 2.8 6 36 9.1 +14.3
PLCY EventShares U.S. Legislative Opportunities ETF 2.7 75 -33 5.2 +10.4
DTD WisdomTree U.S.Total Dividend Fund 2.7 28 14 8.2 +13.4
FDRR Fidelity Dividend ETF for Rising Rates 2.6 29 13 9.3 +14.5
SYV SPDR MFS Systematic Value Equity ETF 2.6 60 -18 9.3 +14.5
WDIV SPDR Global Dividend ETF 2.6 40 2 12.3 +17.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.4 58 -16 13.3 +18.5
PFM Invesco Dividend Achievers ETF 2.4 54 -12 6.2 +11.5
IWX iShares Russell Top 200 Value ETF 2.3 20 22 8.4 +13.7
WLDR Affinity World Leaders Equity ETF 2.3 47 -5 11.6 +16.9
VYM Vanguard High Dividend Yield Index ETF 2.3 6 36 8.6 +13.9
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.3 35 7 9.1 +14.3
DTH WisdomTree DEFA Equity Income Fund 2.2 58 -16 12.2 +17.4
USDY Pacific Global US Equity Income ETF 2.2 29 13 10.0 +15.3
MGV Vanguard Mega Cap Value ETF 2.2 7 35 8.5 +13.8
QDF FlexShares Quality Dividend Index Fund 2.1 37 5 8.5 +13.8
COWZ Pacer US Cash Cows 100 ETF 2.1 49 -7 13.0 +18.3
STLV iShares Factors US Value Style ETF 2.1 25 17 9.5 +14.7
MOTI VanEck Vectors Morningstar International Moat ETF 2.0 57 -15 10.5 +15.7
EQWL Invesco Russell Top 200 Equal Weight ETF 2.0 25 17 7.3 +12.6
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 2.0 35 7 10.8 +16.1
FXG First Trust Consumer Staples AlphaDEX Fund 2.0 64 -22 8.4 +13.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.0 39 3 13.6 +18.8
FLQL Franklin LibertyQ U.S. Equity ETF 2.0 15 27 7.7 +13.0
FTAG First Trust Indxx Global Agriculture ETF 2.0 70 -28 8.3 +13.6
ACIO Aptus Collared Income Opportunity ETF 1.9 79 -37 6.3 +11.5
LSLT Salt Low truBeta US Market ETF 1.9 0 42 8.1 +13.4
REVS Columbia Research Enhanced Value ETF 1.9 19 23 9.4 +14.7
JDIV JPMorgan U.S. Dividend ETF 1.9 12 30 10.2 +15.4
FVAL Fidelity Value Factor ETF 1.9 29 13 10.5 +15.8
VTV Vanguard Value Index Fund 1.9 4 38 8.8 +14.1
DOO WisdomTree International Dividend ex-Financials Fund 1.9 58 -16 10.7 +16.0
IDOG ALPS International Sector Dividend Dogs ETF 1.8 50 -8 13.3 +18.6
FTXG First Trust Nasdaq Food & Beverage ETF 1.8 60 -18 7.1 +12.4
GURU Global X Guru Index ETF 1.8 75 -33 5.3 +10.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 1.7 29 13 7.8 +13.1
OEUR O'shares FTSE Europe Quality Dividend ETF 1.7 48 -6 7.8 +13.0
ROOF IQ US Real Estate Small Cap ETF 1.7 70 -28 13.3 +18.5
RNDV US Equity Dividend Select ETF 1.7 50 -8 9.9 +15.1
SCHV Schwab U.S. Large-Cap Value ETF 1.7 4 38 8.6 +13.9
LVHI Legg Mason International Low Volatility High Dividend ETF 1.7 40 2 11.4 +16.7
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 1.7 15 27 8.3 +13.6
VEGI iShares MSCI Global Agriculture Producers ETF 1.7 39 3 7.3 +12.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Cambria Cannabis ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -5.9 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 42 bp
Equals: ALTAR Score -5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.32 CATEGORY
AVERAGE
1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.