CNBS
Amplify Seymour Cannabis ETF
The Amplify Seymour Cannabis ETF is an actively-managed portfolio of global stocks related to cannabis and hemp.
Fund Basics
| Fund sponsor | Amplify |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 15, 2019 |
| Assets (mns) | $37 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CURALEAF HOLDINGS, INC. | 7.6 % |
| TILRAY, INC. | 6.4 % |
| INNOVATIVE INDUSTRIAL PROPERTIES INC | 5.8 % |
| TERRASCEND CORP. | 5.1 % |
| WM TECHNOLOGY, INC. CLASS A | 3.6 % |
| GROWGENERATION CORP. | 3.5 % |
| CRONOS GROUP INC | 3.4 % |
| VILLAGE FARMS INTERNATIONAL, INC. | 1.4 % |
| SUNDIAL GROWERS INC. | 1.3 % |
| ORGANIGRAM HOLDINGS INC | 1.2 % |
Constituent Breakdown
| Number of holdings | 17 |
| Herfindahl-Hirschman Index | 202 |
| Wgt avg mkt cap (mns) | $497 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 32.2% |
| Small cap (<$2bn) | 67.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 21.3 % |
 |
CANADA | 20.3 % |
Historical Performance
Standardized Annual Returns (as of 04/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 26.3% | 35.8% | -24.4% | -41.4% | -- | -- | -24.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.32 | 30% |
| MSCI EAFE | 1.15 | 21% |
| MSCI Emg Mkts | 0.81 | 11% |
Liquidity Measures
| Avg. volume (000) | 48 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 1.08% |
| ADV of underlying (mns) | $168 |
Technical Indicators
| Recent close | $5.79 |
| 30d moving avg. | $4.08 |
| Annualized volatility | 42.8% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CNBS |
Expenses vs. CNBS |
ALTAR Score™ vs. CNBS |
|---|---|---|---|---|
| MJ | ETFMG Alternative Harvest ETFMG Alternative Harvest | 21.7% | 0 bp | -1.2% |
| TOKE | Cambria Cannabis ETF | 20.9% | -33 bp | +15.2% |
| YOLO | AdvisorShares Pure Cannabis ETF | 10.4% | +28 bp | +0.9% |
Risk and Returns: CNBS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/16/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CNBS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CNBS
-24.1%
Cat. Avg
3.7%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -24.1% |
Recommendation
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 be less relevant.
Category Overview
There are 341 funds in the Global Equities category, with an average ALTAR Score™
of 3.7% and a standard deviation of
4.8%. CNBS's ALTAR Score™ is approximately
5.8 standard deviations
below
the category average. This places CNBS in the 1st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CNBS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CNBS | 75.0 | 107.6 | 182.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .