AdvisorShares Pure Cannabis ETF
ALTAR
Score™		 -3.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 -92.0x P/Sales
ratio		 1.2x
P/BV
ratio		 4.7x Div.
yield		 1.6%


  • 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) $48
Currency USD
Expense ratio 103 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 28
Wgt avg mkt cap (mns) $483
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 11.5%
Small cap (<$2bn) 88.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ADVISORSHARES PURE US CANNABIS ETF 33.6 %
HIGH TIDE, INC. 13.5 %
VILLAGE FARMS INTERNATIONAL, INC. 9.0 %
SNDL INC ORDINARY SHARES 7.1 %
JAZZ PHARMACEUTICALS PLC 5.8 %
CRONOS GROUP INC 5.2 %
CHICAGO ATLANTIC REAL ESTATE FINAN 4.8 %
CARDIOL THERAPEUTICS, INC. CLASS A 4.0 %
AFC GAMMA, INC. 3.8 %
ORGANIGRAM HOLDINGS INC 3.0 %
Total 89.6 %

TOP COUNTRY EXPOSURE
CANADA 33.8 %
UNITED STATES 11.0 %
IRELAND 5.8 %
ISRAEL 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.1% -37.4% -27.3% -- -30.6%

Market Correlations
versus... Beta R-squared
S&P500 0.93 11%
MSCI EAFE 0.64 6%
MSCI Emg. Mkts. 0.52 4%

Technical Indicators
Recent close $3.68
30d moving avg. $2.53
Annualized volatility 43.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 125
Turnover 1.0%
Bid/Ask (% of price) 1.41%
ADV underlying (mns) $101

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 161 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: 103 bp ALTAR Score™: -3.6%


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
(%)
TOKE Cambria Cannabis ETF 18.1 42 61 1.0 +4.6
MJ ETFMG Alternative Harvest 13.0 75 28 0.0 +3.6
XPH SPDR S&P Pharmaceuticals ETF 3.6 35 68 6.1 +9.7
IHE iShares U.S. Pharmaceuticals ETF 3.4 40 63 8.6 +12.2
FTXH First Trust Nasdaq Pharmaceuticals ETF 3.1 60 43 10.8 +14.4
PJP Invesco Pharmaceuticals ETF 2.6 57 46 7.9 +11.5
FOVL iShares Focused Value Factor ETF 2.6 25 78 10.7 +14.3
FXH First Trust Health Care AlphaDEX Fund 2.4 62 41 8.6 +12.2
RIET Hoya Capital High Dividend Yield ETF 2.2 50 53 48.7 +52.3
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.9 49 54 11.2 +14.8
MNTL Tema Neuroscience and Mental Health ETF 1.9 75 28 -1.0 +2.6
CALF Pacer US Small Cap Cash Cows 100 ETF 1.6 59 44 10.7 +14.3
DSMC Distillate Small/Mid Cash Flow ETF 1.4 55 48 11.7 +15.3
ABLG Abacus FCF International Leaders ETF 1.2 59 44 6.9 +10.5
RNIN Bushido Capital US SMID Cap Equity ETF 1.0 70 33 10.3 +13.9
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 1.0 55 48 9.9 +13.5
MORT VanEck Mortgage REIT Income ETF 0.8 43 60 50.0 +53.6
JHSC John Hancock Multifactor Small Cap ETF 0.8 42 61 6.6 +10.2
TAX Cambria Tax Aware ETF 0.8 49 54 5.0 +8.6
FNK First Trust Mid Cap Value AlphaDEX Fund 0.8 70 33 10.8 +14.4
IBBQ Invesco Nasdaq Biotechnology ETF 0.7 19 84 0.4 +4.0
REM iShares Mortgage Real Estate ETF 0.7 48 55 62.8 +66.4
EZM WisdomTree U.S. MidCap Fund 0.7 38 65 9.0 +12.6
DSTL Distillate US Fundamental Stability & Value ETF 0.7 39 64 8.2 +11.8
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.6 49 54 4.7 +8.3
AFMC First Trust Active Factor Mid Cap ETF 0.6 65 38 8.4 +12.0
SIXL ETC 6 Meridian Low Beta Equity ETF 0.5 80 23 6.1 +9.7
PPH VanEck Pharmaceutical ETF 0.5 36 67 8.7 +12.3
IJJ iShares S&P Mid-Cap 400 Value ETF 0.5 18 85 8.6 +12.2
MDYV SPDR S&P 400 Mid Cap Value ETF 0.5 15 88 8.7 +12.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.5 10 93 8.8 +12.4
DFSV Dimensional US Small Cap Value ETF 0.5 31 72 9.9 +13.5
VIDI Vident International Equity Strategy ETF 0.5 61 42 10.9 +14.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.5 15 88 7.9 +11.5
XT iShares Exponential Technologies ETF 0.4 46 57 4.9 +8.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 88 6.0 +9.6
DFNV Donoghue Forlines Innovation ETF 0.4 69 34 4.6 +8.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 43 7.3 +10.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.4 24 79 8.1 +11.7
GVLU Gotham 1000 Value ETF 0.4 50 53 8.9 +12.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 79 7.7 +11.3
AVMV Avantis U.S. Mid Cap Value ETF 0.3 20 83 8.6 +12.2
ITAN Sparkline Intangible Value ETF 0.3 50 53 6.6 +10.2
ROSC Hartford Multifactor Small Cap ETF 0.3 34 69 9.2 +12.8
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.3 20 83 6.2 +9.8
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 97 9.2 +12.8
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 91 7.0 +10.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 99 6.1 +9.7
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 88 7.2 +10.8
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 79 7.1 +10.7
IJH iShares Core S&P Mid-Cap ETF 0.2 5 98 7.3 +10.9
DFAT Dimensional U.S. Targeted Value ETF 0.2 28 75 9.2 +12.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 96 6.0 +9.6
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 88 7.0 +10.6
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 91 5.8 +9.4
VFVA Vanguard U.S. Value Factor ETF 0.2 13 90 10.8 +14.4
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 100 7.3 +10.9
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 96 7.4 +11.0
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 36 9.8 +13.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 83 7.6 +11.2
STXM Strive Mid-Cap ETF 0.2 18 85 6.1 +9.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 91 7.2 +10.8
VBR Vanguard Small Cap Value ETF 0.2 7 96 9.1 +12.7
AVLV Avantis U.S. Large Cap Value ETF 0.2 15 88 7.7 +11.3
REVS Columbia Research Enhanced Value ETF 0.2 19 84 7.5 +11.1
DFAS Dimensional U.S. Small Cap ETF 0.2 26 77 6.3 +9.9
SFYX SoFi Next 500 ETF 0.2 0 103 5.7 +9.3
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 64 9.3 +12.9
JHMM John Hancock Multifactor Mid Cap ETF 0.2 42 61 6.3 +9.9
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 99 6.6 +10.2
SFYF SoFi Social 50 ETF 0.2 29 74 0.4 +4.0
JVAL JPMorgan U.S. Value Factor ETF 0.2 12 91 8.1 +11.7
EBI Longview Advantage ETF 0.1 35 68 6.5 +10.1
FHLC Fidelity MSCI Health Care Index ETF 0.1 8 95 6.4 +10.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 86 5.7 +9.3
IYH iShares U.S. Healthcare ETF 0.1 40 63 7.1 +10.7
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 78 8.2 +11.8
ISCB iShares Morningstar Small-Cap ETF 0.1 4 99 6.2 +9.8
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.1 15 88 8.9 +12.5
AVMC Avantis U.S. Mid Cap Equity ETF 0.1 18 85 6.8 +10.4
VHT Vanguard Health Care ETF 0.1 9 94 6.2 +9.8
NUSC Nuveen ESG Small-Cap ETF 0.1 31 72 5.3 +8.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 78 5.6 +9.2
VFMF Vanguard U.S. Multifactor ETF 0.1 18 85 7.9 +11.5
SMMD iShares Russell 2500 ETF 0.1 15 88 6.1 +9.7
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 68 7.1 +10.7
VB Vanguard Small-Cap ETF 0.1 5 98 6.1 +9.7
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 86 7.0 +10.6
IWC iShares Micro-Cap ETF 0.1 60 43 -0.8 +2.8
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 83 6.9 +10.5
VXF Vanguard Extended Market ETF 0.1 5 98 4.7 +8.3
RECS Columbia Research Enhanced Core ETF 0.1 15 88 5.6 +9.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 83 6.8 +10.4
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -22 5.3 +8.9
IWS iShares Russell Mid-Cap Value ETF 0.1 23 80 6.7 +10.3
PTL Inspire 500 ETF 0.1 9 94 5.2 +8.8
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 88 6.0 +9.6
AVIE Avantis  Inflation Focused Equity ETF 0.1 25 78 7.3 +10.9
IWR iShares Russell Midcap ETF 0.1 19 84 5.7 +9.3
AVUS Avantis U.S. Equity ETF 0.1 15 88 5.7 +9.3
JSML Janus Henderson Small Cap Growth Alpha ETF 0.1 30 73 7.8 +11.4
DFUV Dimensional US Marketwide Value ETF 0.0 22 81 7.5 +11.1
DXUV Dimensional US Vector Equity ETF 0.0 28 75 6.2 +9.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 86 5.5 +9.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 54 6.8 +10.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 82 3.7 +7.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.0 35 68 9.3 +12.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.0 9 94 4.2 +7.8
STXV Strive 1000 Value ETF 0.0 18 85 8.0 +11.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 64 5.3 +8.9
IUS Invesco RAFI Strategic US ETF 0.0 19 84 6.9 +10.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 91 6.5 +10.1
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 99 6.7 +10.3
IWN iShares Russell 2000 Value ETF 0.0 24 79 7.3 +10.9
DCOR Dimensional US Core Equity 1 ETF 0.0 14 89 5.3 +8.9
IUSV iShares Core S&P US Value ETF 0.0 4 99 6.4 +10.0
GWX SPDR S&P International Small Cap ETF 0.0 40 63 6.0 +9.6
VTWV Vanguard Russell 2000 Value ETF 0.0 10 93 7.3 +10.9
IWD iShares Russell 1000 Value ETF 0.0 19 84 6.4 +10.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 64 6.8 +10.4
DSI iShares MSCI KLD 400 Social ETF 0.0 25 78 4.8 +8.4
VONV Vanguard Russell 1000 Value ETF 0.0 7 96 6.5 +10.1
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 91 7.4 +11.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 92 4.9 +8.5
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 88 4.9 +8.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.0 30 73 6.6 +10.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 78 7.2 +10.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 88 5.9 +9.5
DFAU Dimensional US Core Equity Market ETF 0.0 12 91 5.0 +8.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 64 5.8 +9.4
IWM iShares Russell 2000 ETF 0.0 19 84 4.3 +7.9
VTWO Vanguard Russell 2000 ETF 0.0 7 96 4.3 +7.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 94 4.7 +8.3
IWV iShares Russell 3000 ETF 0.0 20 83 4.7 +8.3
VTHR Vanguard Russell 3000 ETF 0.0 7 96 4.8 +8.4
SCHK Schwab 1000 Index ETF 0.0 5 98 5.0 +8.6
SCHX Schwab U.S. Large-Cap ETF 0.0 3 100 4.9 +8.5
IYY iShares Dow Jones U.S. ETF 0.0 20 83 4.8 +8.4
DFUS Dimensional U.S. Equity ETF 0.0 9 94 4.8 +8.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 78 7.2 +10.8
SCHB Schwab U.S. Broad Market ETF 0.0 3 100 5.0 +8.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 100 4.9 +8.5
IWB iShares Russell 1000 ETF 0.0 15 88 4.8 +8.4
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 100 5.1 +8.7
VONE Vanguard Russell 1000 ETF 0.0 7 96 4.9 +8.5
VTI Vanguard Total Stock Market ETF 0.0 3 100 4.9 +8.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 74 6.4 +10.0
RSSL Global X Russell 2000 ETF 0.0 8 95 4.4 +8.0
EES WisdomTree U.S. SmallCap Fund 0.0 38 65 8.6 +12.2
VT Vanguard Total World Stock ETF 0.0 6 97 5.9 +9.5
DFIS Dimensional International Small Cap ETF 0.0 39 64 7.3 +10.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 91 4.5 +8.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 85 7.1 +10.7
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 99 7.0 +10.6
IWO iShares Russell 2000 Growth ETF 0.0 24 79 1.3 +4.9
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 93 1.4 +5.0
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 96 7.9 +11.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 73 7.9 +11.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 94 5.7 +9.3
DFIC Dimensional International Core Equity 2 ETF 0.0 23 80 7.4 +11.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 100 7.0 +10.6

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 -12.3 %
Divided by: Fwd. P/BV 4.8 x
Less: Expense ratio 103 bp
Equals: ALTAR Score -3.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.58
 
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.