AdvisorShares Pure Cannabis ETF
ALTAR
Score™		 -38.0% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 -21.1x P/Sales
ratio		 0.5x
P/BV
ratio		 0.5x Div.
yield		 6.7%


  • 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) $34
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 25
Wgt avg mkt cap (mns) $211
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 2.8%
Small cap (<$2bn) 97.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ADVISORSHARES PURE US CANNABIS ETF 39.6 %
VILLAGE FARMS INTERNATIONAL, INC. 8.9 %
HIGH TIDE, INC. 7.8 %
CARDIOL THERAPEUTICS, INC. CLASS A 7.5 %
SNDL INC ORDINARY SHARES 6.8 %
CRONOS GROUP INC 4.8 %
CHICAGO ATLANTIC REAL ESTATE FINAN 3.7 %
ORGANIGRAM HOLDINGS INC 3.7 %
ISPIRE TECHNOLOGY, INC. 3.0 %
TILRAY, INC. 2.8 %
Total 88.6 %

TOP COUNTRY EXPOSURE
CANADA 33.7 %
UNITED STATES 11.4 %
IRELAND 1.2 %
ISRAEL 0.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.0% 26.4% -22.6% -- -29.7%

Market Correlations
versus... Beta R-squared
S&P500 1.40 28%
MSCI EAFE 1.09 18%
MSCI Emg. Mkts. 0.75 8%

Technical Indicators
Recent close $2.62
30d moving avg. $3.27
Annualized volatility 45.5%
Short interest (ETF) 0.1%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 75
Turnover 0.6%
Bid/Ask (% of price) 1.41%
ADV underlying (mns) $69

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 175 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™: -38.0%


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
(%)
MJ ETFMG Alternative Harvest 19.0 75 28 -42.4 -4.4
CNBS Amplify Seymour Cannabis ETF 13.4 75 28 -32.0 +6.0
TOKE Cambria Cannabis ETF 12.9 42 61 1.8 +39.8
GK AdvisorShares Gerber Kawasaki ETF 2.1 75 28 3.3 +41.3
MJUS ETFMG U.S. Alternative Harvest ETF 1.4 76 27 3.5 +41.5
NUMV Nuveen ESG Mid-Cap Value ETF 1.2 31 72 6.6 +44.6
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.2 49 54 10.2 +48.1
FTXH First Trust Nasdaq Pharmaceuticals ETF 1.2 60 43 9.8 +47.8
FXH First Trust Health Care AlphaDEX Fund 1.2 62 41 6.3 +44.2
PJP Invesco Pharmaceuticals ETF 1.2 57 46 10.3 +48.3
IHE iShares U.S. Pharmaceuticals ETF 1.2 40 63 8.7 +46.7
XPH SPDR S&P Pharmaceuticals ETF 1.2 35 68 5.5 +43.4
PPH VanEck Pharmaceutical ETF 1.1 36 67 9.6 +47.6
DSMC Distillate Small/Mid Cash Flow ETF 1.1 55 48 12.2 +50.2
REM iShares Mortgage Real Estate ETF 1.0 48 55 14.0 +52.0
COWZ Pacer US Cash Cows 100 ETF 1.0 49 54 9.9 +47.9
DSTL Distillate US Fundamental Stability & Value ETF 0.8 39 64 7.6 +45.6
RIET Hoya Capital High Dividend Yield ETF 0.8 50 53 12.3 +50.2
IBBQ Invesco Nasdaq Biotechnology ETF 0.8 19 84 0.9 +38.9
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 33 10.0 +48.0
VIDI Vident International Equity Strategy ETF 0.6 61 42 10.2 +48.2
FMDE Fidelity Enhanced Mid Cap ETF 0.6 23 80 6.0 +44.0
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.5 15 88 4.5 +42.5
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.5 49 54 4.4 +42.4
XT iShares Exponential Technologies ETF 0.5 46 57 4.8 +42.8
DFNV Donoghue Forlines Innovation ETF 0.4 69 34 4.7 +42.6
GVLU Gotham 1000 Value ETF 0.4 50 53 7.4 +45.4
EATV VegTech Plant-based Innovation & Climate ETF 0.4 75 28 2.1 +40.1
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.4 20 83 4.0 +42.0
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.4 20 83 5.6 +43.5
SMDY Syntax Stratified MidCap ETF 0.4 35 68 5.8 +43.7
DFSV Dimensional US Small Cap Value ETF 0.4 31 72 8.3 +46.2
AFMC First Trust Active Factor Mid Cap ETF 0.4 65 38 6.9 +44.8
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 23 4.2 +42.2
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.4 15 88 9.3 +47.3
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 88 5.8 +43.8
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.4 15 88 6.8 +44.7
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 97 7.2 +45.2
KROP Global X AgTech & Food Innovation ETF 0.3 50 53 4.7 +42.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.3 80 23 5.8 +43.8
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 43 6.8 +44.8
ITAN Sparkline Intangible Value ETF 0.3 50 53 5.9 +43.9
IJJ iShares S&P Mid-Cap 400 Value ETF 0.3 18 85 6.9 +44.9
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.3 15 88 6.7 +44.7
MDYV SPDR S&P 400 Mid Cap Value ETF 0.3 15 88 7.0 +45.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.3 15 88 7.0 +45.0
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 91 6.5 +44.5
SFYX SoFi Next 500 ETF 0.3 0 103 4.7 +42.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.3 20 83 7.6 +45.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 79 7.0 +45.0
MDY SPDR S&P Midcap 400 ETF Trust 0.3 24 79 6.2 +44.1
IJH iShares Core S&P Mid-Cap ETF 0.3 5 98 6.4 +44.3
ROSC Hartford Multifactor Small Cap ETF 0.3 34 69 8.6 +46.6
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.3 3 100 6.4 +44.3
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 10 93 6.4 +44.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.2 24 79 7.3 +45.3
SFYF SoFi Social 50 ETF 0.2 29 74 -2.2 +35.8
STXM Strive Mid-Cap ETF 0.2 18 85 6.1 +44.0
IJK iShares S&P Mid-Cap 400 Growth ETF 0.2 17 86 5.7 +43.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 99 5.6 +43.6
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.2 15 88 5.7 +43.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.2 15 88 5.7 +43.7
VBR Vanguard Small Cap Value ETF 0.2 7 96 7.8 +45.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.2 7 96 5.3 +43.3
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 88 6.8 +44.8
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 36 8.6 +46.5
RWK Invesco S&P MidCap 400 Revenue ETF 0.2 39 64 6.9 +44.9
ISCB iShares Morningstar Small-Cap ETF 0.2 4 99 4.8 +42.7
VFVA Vanguard U.S. Value Factor ETF 0.2 13 90 10.0 +48.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 86 4.7 +42.7
SCHM Schwab U.S. Mid-Cap ETF 0.2 4 99 6.0 +43.9
IWC iShares Micro-Cap ETF 0.2 60 43 -4.9 +33.1
OPTZ Optimize Strategy Index ETF 0.2 50 53 2.9 +40.9
DFAS Dimensional U.S. Small Cap ETF 0.1 26 77 5.5 +43.5
AIEQ AI Powered Equity ETF 0.1 75 28 3.9 +41.8
VHT Vanguard Health Care ETF 0.1 10 93 5.7 +43.7
IYH iShares U.S. Healthcare ETF 0.1 40 63 6.6 +44.6
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 61 6.1 +44.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 78 6.0 +44.0
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 75 7.8 +45.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 64 4.1 +42.1
AVLV Avantis U.S. Large Cap Value ETF 0.1 15 88 7.1 +45.1
FHLC Fidelity MSCI Health Care Index ETF 0.1 8 95 6.0 +44.0
SMMD iShares Russell 2500 ETF 0.1 15 88 5.5 +43.5
VB Vanguard Small-Cap ETF 0.1 5 98 4.9 +42.9
VXF Vanguard Extended Market ETF 0.1 6 97 3.5 +41.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 78 5.2 +43.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 91 7.2 +45.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 83 6.3 +44.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 94 3.3 +41.3
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 91 5.8 +43.7
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 91 7.8 +45.7
REVS Columbia Research Enhanced Value ETF 0.1 19 84 7.4 +45.3
IWS iShares Russell Mid-Cap Value ETF 0.1 23 80 6.2 +44.2
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 86 6.9 +44.9
IWR iShares Russell Midcap ETF 0.1 19 84 5.4 +43.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 28 4.3 +42.2
PTL Inspire 500 ETF 0.1 9 94 5.6 +43.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 74 6.5 +44.5
RECS Columbia Research Enhanced Core ETF 0.1 15 88 5.5 +43.4
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 88 6.1 +44.1
JSML Janus Henderson Small Cap Growth Alpha ETF 0.1 30 73 6.5 +44.5
DFUV Dimensional US Marketwide Value ETF 0.0 22 81 7.2 +45.1
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 83 6.8 +44.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 82 3.8 +41.8
AVUS Avantis U.S. Equity ETF 0.0 15 88 5.6 +43.6
STXV Strive 1000 Value ETF 0.0 18 85 7.5 +45.5
MSOS AdvisorShares Pure US Cannabis ETF 0.0 83 20 -120.3 -82.3
IWN iShares Russell 2000 Value ETF 0.0 24 79 4.8 +42.8
VTWV Vanguard Russell 2000 Value ETF 0.0 15 88 4.9 +42.9
IUS Invesco RAFI Strategic US ETF 0.0 19 84 6.8 +44.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 86 5.3 +43.3
JHML John Hancock Multifactor Large Cap ETF 0.0 29 74 5.3 +43.3
VFMF Vanguard U.S. Multifactor ETF 0.0 18 85 8.5 +46.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 91 6.2 +44.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.0 35 68 6.6 +44.6
SCHV Schwab U.S. Large-Cap Value ETF 0.0 4 99 6.4 +44.4
IWD iShares Russell 1000 Value ETF 0.0 19 84 6.1 +44.1
VONV Vanguard Russell 1000 Value ETF 0.0 8 95 6.3 +44.2
GWX SPDR S&P International Small Cap ETF 0.0 40 63 6.5 +44.5
DSI iShares MSCI KLD 400 Social ETF 0.0 25 78 5.0 +43.0
DCOR Dimensional US Core Equity 1 ETF 0.0 14 89 5.3 +43.3
RSSL Global X Russell 2000 ETF 0.0 8 95 2.6 +40.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 97 2.3 +40.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 64 5.8 +43.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.0 15 88 4.6 +42.6
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 91 6.7 +44.6
IWM iShares Russell 2000 ETF 0.0 19 84 2.8 +40.8
VTWO Vanguard Russell 2000 ETF 0.0 10 93 2.9 +40.9
DFIS Dimensional International Small Cap ETF 0.0 39 64 6.9 +44.9
SCHC Schwab International Small-Cap Equity ETF 0.0 11 92 6.6 +44.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.0 30 73 5.4 +43.4
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 78 4.7 +42.7
FELC Fidelity Enhanced Large Cap Core ETF 0.0 18 85 5.3 +43.3
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 88 4.9 +42.9
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 64 6.8 +44.7
DFAU Dimensional US Core Equity Market ETF 0.0 12 91 5.0 +43.0
IUSV iShares Core S&P US Value ETF 0.0 4 99 6.4 +44.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 78 6.8 +44.7
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 94 4.8 +42.8
IWB iShares Russell 1000 ETF 0.0 15 88 4.8 +42.8
IYY iShares Dow Jones U.S. ETF 0.0 20 83 4.8 +42.8
VONE Vanguard Russell 1000 ETF 0.0 8 95 4.9 +42.9
IWV iShares Russell 3000 ETF 0.0 20 83 4.7 +42.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 96 6.7 +44.7
VTHR Vanguard Russell 3000 ETF 0.0 10 93 4.7 +42.7
VTI Vanguard Total Stock Market ETF 0.0 3 100 4.7 +42.7
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.0 47 56 8.0 +45.9
SCHK Schwab 1000 Index ETF 0.0 5 98 5.0 +43.0
SCHX Schwab U.S. Large-Cap ETF 0.0 3 100 5.0 +43.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 100 4.8 +42.8
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 100 5.1 +43.1
SCHB Schwab U.S. Broad Market ETF 0.0 3 100 4.9 +42.9
DFUS Dimensional U.S. Equity ETF 0.0 9 94 4.9 +42.8
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 99 4.7 +42.6
IWO iShares Russell 2000 Growth ETF 0.0 24 79 0.6 +38.5
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 88 0.7 +38.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 74 6.4 +44.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 92 4.9 +42.9
FELG Fidelity Enhanced Large Cap Growth ETF 0.0 18 85 4.6 +42.6
VT Vanguard Total World Stock ETF 0.0 7 96 5.5 +43.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 78 6.8 +44.8
DFIC Dimensional International Core Equity 2 ETF 0.0 23 80 7.7 +45.7
DFAI Dimensional International Core Equity Market ETF 0.0 18 85 7.3 +45.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 73 8.0 +45.9
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 79 6.5 +44.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 99 7.1 +45.1
SCHA Schwab U.S. Small-Cap ETF 0.0 4 99 4.4 +42.4
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 96 7.2 +45.2
VEA Vanguard FTSE Developed Markets ETF 0.0 5 98 7.3 +45.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 94 5.4 +43.3
VXUS Vanguard Total International Stock ETF 0.0 7 96 7.2 +45.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 100 7.2 +45.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 91 4.5 +42.5
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 85 5.4 +43.4

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 -17.7 %
Divided by: Fwd. P/BV 0.5 x
Less: Expense ratio 103 bp
Equals: ALTAR Score -38.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.28 CATEGORY
AVERAGE		 1.53
 
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.