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ETFs

Global X Funds Global X Cannabis ETF

POTX
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 17 2019
Expense Ratio
0.51%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$552,690
AUM
$36,016,408
Associated Index
Cannabis Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SNDL
SNDL Inc
20.15%
IIPR
Innovative Industrial Properties Inc
16.78%
TLRY
Tilray Brands Inc
15.96%
CGC
Canopy Growth Corporation
8.24%
ACB
Aurora Cannabis Inc
6.02%
CRON
Cronos Group Inc
5.06%
MAPS
WM Technology Inc - Ordinary Shares - Class A
4.83%
OGI
OrganiGram Holdings Inc.
4.66%
AFCG
AFC Gamma Inc
4.08%
INCR
Intercure Ltd
3.96%
Invest with POTX

What is POTX?

The Global X Cannabis ETF (POTX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cannabis Index. The Global X Cannabis ETF (POTX) seeks to invest in companies across the cannabis industry. This includes companies involved in the legal production, growth and distribution of cannabis and industrial hemp, as well as those involved in providing financial services to the cannabis industry, pharmaceutical applications of cannabis, cannabidiol (i.e., CBD), or other related uses including but not limited to extracts, derivatives or synthetic versions.

ETFs related toPOTX

ETFs correlated to POTX include MJ, MSOX, MSOS

POTX
Global X Funds - Global X Cannabis ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
MSOX
Advisorshares Trust - AdvisorShares MSOS 2x Daily ETF
MSOS
Advisorshares Trust - AdvisorShares Pure US Cannabis ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
ACES
ALPS Fund Services - ALPS Clean Energy 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.

FAQ

POTX is a Global Equities ETF. The Global X Cannabis ETF (POTX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cannabis Index. The Global X Cannabis ETF (POTX) seeks to invest in companies across the cannabis industry. This includes companies involved in the legal production, growth and distribution of cannabis and industrial hemp, as well as those involved in providing financial services to the cannabis industry, pharmaceutical applications of cannabis, cannabidiol (i.e., CBD), or other related uses including but not limited to extracts, derivatives or synthetic versions.

POTX tracks the Cannabis Index.

No, POTX is not actively managed. It is passively 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.

Yes, POTX is passively 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 POTX is 0.123%. This is the percent change in the value of POTX over the most recent 1-month period. The 3-month return on POTX is 0.0935%. This is the percent change in the value of POTX over the most recent 3-month period.

The standard deviation of POTX for the past year is 0.5558%. 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 POTX include IGF, EFAV, and EFG.

ETFs correlated to POTX include MJ, MSOX, and MSOS.

ETFs that are inversely correlated to POTX include SARK, RWM, and TWM.

Disclaimers

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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.