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ETFs

AdvisorShares Pure Cannabis ETF

YOLO
$--
Today’s Change
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Snapshot
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Inception Date
Apr 17 2019
Expense Ratio
0.88%
Type
Global Equities
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$481,979
AUM
$45,882,303
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MSOS
Advisorshares Trust - AdvisorShares Pure US Cannabis ETF
60.19%
VFF
Village Farms International Inc
6.81%
HITI
High Tide Inc.
6.74%
TLRY
Tilray Brands Inc
3.47%
SNDL
SNDL Inc
3.03%
JAZZ
Jazz Pharmaceuticals plc
2.88%
REFI
Chicago Atlantic Real Estate Finance Inc
2.69%
CRDL
CARDIOL THERAPEUTICS INC-A
2.40%
GRWG
GrowGeneration Corp
1.98%
CWEB
Charlottes Web Holdings Inc
1.77%
Invest with YOLO

What is YOLO?

The AdvisorShares Pure Cannabis ETF (Ticker: YOLO) became the first actively managed ETF with a dedicated cannabis investment mandate domiciled in the United States. The AdvisorShares Pure Cannabis ETF, or YOLO, seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities. YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.

ETFs related toYOLO

ETFs correlated to YOLO include MSOX, MJ, MSOS

YOLO
Advisorshares Trust - AdvisorShares Pure Cannabis ETF
MSOX
Advisorshares Trust - AdvisorShares MSOS 2x Daily ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
MSOS
Advisorshares Trust - AdvisorShares Pure US Cannabis ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
ICVT
BlackRock Institutional Trust Company N.A. - iShares Convertible Bond 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

YOLO is a Global Equities ETF. The AdvisorShares Pure Cannabis ETF (Ticker: YOLO) became the first actively managed ETF with a dedicated cannabis investment mandate domiciled in the United States. The AdvisorShares Pure Cannabis ETF, or YOLO, seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities. YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.

Yes, YOLO is actively 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.

No, YOLO is not passively managed. It is actively 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 YOLO is 0.421%. This is the percent change in the value of YOLO over the most recent 1-month period. The 3-month return on YOLO is 0.3655%. This is the percent change in the value of YOLO over the most recent 3-month period.

The standard deviation of YOLO for the past year is 0.5431%. 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 YOLO include PBW, IGF, and EFG.

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

ETFs that are inversely correlated to YOLO include SARK, BTAL, and WEBS.

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.