Skip to Content
ETFs

AXS Cannabis ETF

THCX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 09 2019
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$130,569
AUM
$15,916,059
Associated Index
AXS Cannabis Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IIPR
Innovative Industrial Properties Inc
6.90%
HITI
High Tide Inc.
6.53%
AFCG
AFC Gamma Inc
6.26%
VFF
VILLAGE FARMS INTERNATIONAL
6.07%
CRON
Cronos Group Inc
5.54%
TLRY
Tilray Brands Inc
5.43%
ACB
Aurora Cannabis Inc
5.32%
MAPS
WM Technology Inc - Ordinary Shares - Class A
4.83%
CWEB
Charlottes Web Holdings Inc
4.74%
REFI
Chicago Atlantic Real Estate Finance Inc
4.63%
Invest with THCX

What is THCX?

The AXS Cannabis ETF (THCX) is an exchange traded fund that provides investors with a liquid and diversified vehicle to gain access to the growth of the legal cannabis market. It seeks to provide investment results that correspond generally to the total return performance of the AXS Cannabis Index. The Fund will also invest, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in exchange listed common stock or corresponding American Depositary Receipts ("ADRs") of Cannabis Companies. "Cannabis Companies" are companies that have a business interest in the legal cannabis-based pharmaceutical and consumer wellness & product markets.

ETFs related toTHCX

ETFs correlated to THCX include MJ, IBUY, ARKK

THCX
Investment Managers Series Trust II - AXS Cannabis ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation 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

THCX is a Global Equities ETF. The AXS Cannabis ETF (THCX) is an exchange traded fund that provides investors with a liquid and diversified vehicle to gain access to the growth of the legal cannabis market. It seeks to provide investment results that correspond generally to the total return performance of the AXS Cannabis Index. The Fund will also invest, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in exchange listed common stock or corresponding American Depositary Receipts ("ADRs") of Cannabis Companies. "Cannabis Companies" are companies that have a business interest in the legal cannabis-based pharmaceutical and consumer wellness & product markets.

THCX tracks the AXS Cannabis Index.

No, THCX 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, THCX 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 THCX is 0.1777%. This is the percent change in the value of THCX over the most recent 1-month period. The 3-month return on THCX is 0.1609%. This is the percent change in the value of THCX over the most recent 3-month period.

The standard deviation of THCX for the past year is 0.4666%. 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 THCX include IGF, EFAV, and EFG.

ETFs correlated to THCX include MJ, IBUY, and ARKK.

ETFs that are inversely correlated to THCX include SARK, BTAL, and HIBS.

Disclaimers

*

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.