AdvisorShares Pure Cannabis ETF
ALTAR
Score™
-23.8% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-12.7x P/Sales
ratio
1.6x
P/BV
ratio
1.4x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
YOLO seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities.

FUND BASICS
Category Global Equities
Fund Sponsor AdvisorShares
Website www.advisorshares.com
Inception date Apr 17, 2019
Assets (mns) $30
Currency USD
Expense ratio 74 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 29
Wgt avg mkt cap (mns) $515
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 20.5%
Small cap (<$2bn) 79.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INNOVATIVE INDUSTRIAL PROPERTIES I 9.6 %
GW PHARMACEUTICALS PLC SPONSORED A 7.1 %
VILLAGE FARMS INTERNATIONAL, INC. 5.6 %
CORBUS PHARMACEUTICALS HOLDINGS IN 5.2 %
VALENS GROWORKS CORP. 5.0 %
ORGANIGRAM HOLDINGS INC 4.6 %
ZYNERBA PHARMACEUTICALS INC 3.9 %
ARENA PHARMACEUTICALS, INC. 3.9 %
CARA THERAPEUTICS INC 3.7 %
CANOPY GROWTH CORPORATION 3.6 %
Total 52.2 %

TOP COUNTRY EXPOSURE
CANADA 35.7 %
UNITED STATES 28.3 %
BRITAIN 7.1 %
ISRAEL 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-34.4% -- -- -- -68.6%

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

Technical Indicators
Recent close $7.17
30d moving avg. $8.25
Annualized volatility 0.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 32

Liquidity measures
Avg. volume (thou.) 70
Turnover 1.7%
Bid/Ask (% of price) 1.29%
ADV underlying (mns) $189

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: YOLO Expense: 74 bp ALTAR Score™: -23.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH YOLO
Ticker Fund
Name
Overlap1
vs YOLO
(%)
Expense
ratio
(bp)
Savings
vs YOLO
(bp)
ALTAR
Score™
(%)
ALTAR
vs YOLO
(%)
CNBS Amplify Seymour Cannabis ETF 47.7 75 -1 -14.7 +9.2
POTX Global X Cannabis ETF 40.9 50 24 -47.4 -23.5
THCX The Cannabis ETF 39.2 70 4 -12.6 +11.3
MJ ETFMG Alternative Harvest ETF 34.5 75 -1 -6.4 +17.5
TOKE Cambria Cannabis ETF 34.1 42 32 -5.8 +18.0
NETL NETLease Corporate Real Estate ETF 5.6 60 14 11.4 +35.3
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 3.9 60 14 5.3 +29.1
BBC Virtus LifeSci Biotech Clinical Trials ETF 3.7 79 -5 0.0 +23.8
PBE Invesco Dynamic Biotechnology & Genome ETF 3.1 57 17 -1.1 +22.8
SBIO ALPS Medical Breakthroughs ETF 2.9 50 24 -1.4 +22.5
VALX Validea Market Legends ETF 2.8 79 -5 19.2 +43.1
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.1 35 39 10.1 +33.9
FFTY Innovator IBD 50 ETF 1.9 80 -6 5.8 +29.7
ROOF IQ US Real Estate Small Cap ETF 1.7 70 4 15.6 +39.4
XPH SPDR S&P Pharmaceuticals ETF 1.4 35 39 6.2 +30.0
PPH VanEck Vectors Pharmaceutical ETF 1.4 36 38 11.8 +35.6
ROGS Hartford Multifactor Global Small Cap ETF 1.2 34 40 12.0 +35.8
XBI SPDR S&P BIOTECH ETF 1.1 35 39 -5.3 +18.6
BTEC Principal Healthcare Innovators Index ETF 1.1 42 32 -5.1 +18.8
PSCF Invesco S&P SmallCap Financials ETF 1.0 29 45 15.8 +39.6
AVUV Avantis U.S. Small Cap Value ETF 0.9 25 49 13.9 +37.8
IWC iShares Micro-Cap ETF 0.9 60 14 -5.0 +18.8
PXSG Invesco S&P SmallCap Momentum ETF 0.9 39 35 7.7 +31.5
IBB iShares NASDAQ Biotechnology ETF 0.8 47 27 0.8 +24.6
SCAP AdvisorShares Cornerstone Small Cap ETF 0.7 90 -16 7.9 +31.8
JKL iShares Morningstar Small Cap Value ETF 0.6 30 44 15.4 +39.2
VUSE Vident Core US Equity Fund 0.6 48 26 11.3 +35.1
SQLV Legg Mason Small-Cap Quality Value 0.5 62 12 11.7 +35.5
IWO iShares Russell 2000 Growth ETF 0.5 24 50 1.6 +25.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.5 29 45 8.6 +32.4
BUY USCF SummerHaven SHPEI Index Fund 0.5 80 -6 17.6 +41.4
AFSM First Trust Active Factor Small Cap ETF 0.5 75 -1 9.8 +33.6
VTWG Vanguard Russell 2000 Growth Index Fund 0.5 15 59 1.8 +25.6
DWAS Invesco DWA SmallCap Momentum ETF 0.5 60 14 -1.2 +22.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.4 20 54 9.0 +32.9
SLYG SPDR S&P 600 Small Cap Growth ETF 0.4 15 59 7.8 +31.6
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 25 49 7.7 +31.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 16 58 7.8 +31.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.4 70 4 4.7 +28.5
EWC iShares MSCI Canada ETF 0.4 49 25 8.9 +32.7
BBCA JPMorgan BetaBuilders Canada ETF 0.4 19 55 9.1 +32.9
QCAN SPDR MSCI Canada Quality Mix ETF 0.4 14 60 9.0 +32.9
CROP IQ Global Agribusiness Small Cap ETF 0.3 76 -2 6.5 +30.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 0.3 24 50 11.3 +35.1
IWM iShares Russell 2000 ETF 0.3 19 55 5.6 +29.5
IHE iShares U.S. Pharmaceuticals ETF 0.3 42 32 6.4 +30.3
VTWO Vanguard Russell 2000 Index Fund 0.3 10 64 5.8 +29.6
IEIH iShares Evolved U.S. Innovative Healthcare ETF 0.3 18 56 4.5 +28.4
AIIQ AI Powered International Equity ETF 0.3 79 -5 6.1 +30.0
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 0.3 40 34 9.2 +33.0
FLCA Franklin FTSE Canada ETF 0.2 9 65 9.4 +33.2
SLY SPDR S&P 600 Small Cap ETF 0.2 15 59 9.8 +33.7
IJR iShares Core S&P Small Cap ETF 0.2 7 67 9.9 +33.7
SPSM SPDR Portfolio Small Cap ETF 0.2 5 69 9.9 +33.7
RNSC Small Cap US Equity Select ETF 0.2 60 14 9.7 +33.6
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 10 64 9.8 +33.7
SCHA Schwab U.S. Small-Cap ETF 0.2 4 70 7.5 +31.4
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 0.2 29 45 3.5 +27.3
GDNA Goldman Sachs Motif Human Evolution ETF 0.2 50 24 0.5 +24.4
FSMD Fidelity Small-Mid Factor ETF 0.2 29 45 10.1 +34.0
VBK Vanguard Small-Cap Growth Index Fund 0.2 7 67 3.9 +27.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 0.2 6 68 8.1 +31.9
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 0.2 29 45 16.1 +39.9
FRI First Trust S&P REIT Index Fund 0.2 50 24 9.2 +33.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.2 70 4 3.7 +27.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.2 30 44 10.9 +34.7
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.2 11 63 9.6 +33.4
PPTY PPTY-U.S. Diversified Real Estate ETF 0.2 53 21 8.3 +32.1
ISZE iShares Edge MSCI Intl Size Factor ETF 0.2 30 44 9.2 +33.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 66 8 4.3 +28.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 25 9.3 +33.1
DES WisdomTree U.S. SmallCap Dividend Fund 0.1 38 36 12.7 +36.6
VXF Vanguard Extended Market Index Fund 0.1 7 67 6.0 +29.8
FNX First Trust Mid Cap Core AlphaDEX Fund 0.1 61 13 10.5 +34.4
SCHC Schwab International Small-Cap Equity ETF 0.1 12 62 9.5 +33.3
REET iShares Global REIT ETF 0.1 14 60 9.4 +33.2
VNQ Vanguard REIT Index Fund 0.1 12 62 8.5 +32.3
GWX SPDR S&P International Small Cap ETF 0.1 40 34 8.2 +32.0
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 0.1 60 14 9.1 +32.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 63 11 9.2 +33.0
VTWV Vanguard Russell 2000 Value Index Fund 0.1 15 59 10.5 +34.4
IWN iShares Russell 2000 Value ETF 0.1 24 50 10.4 +34.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 0.1 17 57 7.4 +31.2
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 61 4.8 +28.6
VB Vanguard Small-Cap ETF 0.1 5 69 8.2 +32.1
VHT Vanguard Health Care Index Fund 0.1 10 64 6.6 +30.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.1 25 49 8.7 +32.6
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 0.1 39 35 8.9 +32.7
FHLC Fidelity MSCI Health Care Index ETF 0.1 8 66 6.6 +30.5
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.1 11 63 9.2 +33.1
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 61 8.7 +32.5
IXJ iShares Global Healthcare ETF 0.1 46 28 7.2 +31.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 35 6.5 +30.3
AVUS Avantis U.S. Equity ETF 0.1 15 59 8.1 +32.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 53 4.4 +28.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 4 70 9.2 +33.0
IDEV iShares Core MSCI International Developed Markets ETF 0.0 5 69 9.3 +33.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.0 16 58 8.8 +32.6
VEGI iShares MSCI Global Agriculture Producers ETF 0.0 39 35 7.5 +31.4
EES WisdomTree SmallCap Earnings Fund 0.0 38 36 18.6 +42.5

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:
AdvisorShares Pure 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 -31.7 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 74 bp
Equals: ALTAR Score -23.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.17 CATEGORY
AVERAGE
1.49
 
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.