TOKE
Cambria Cannabis ETF
The Cambria Cannabis ETF is an actively-managed portfolio of global companies related to cannabis and hemp.
Global
EQUITY
Active
MANAGEMENT STYLE
14.3 M
ASSETS UNDER MGMT
42 bp
EXPENSES
Fund Basics
| Fund sponsor | Cambria |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 25, 2019 |
| Assets (mns) | $14 |
| Expense ratio | 42 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| 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
| VILLAGE FARMS INTERNATIONAL, INC. | 12.2 % |
| GREEN THUMB INDUSTRIES INC SWAP | 8.4 % |
| CASH & OTHER | 8.2 % |
| TURNING POINT BRANDS INC | 5.8 % |
| GROWN ROGUE INTL INC COM SWAP | 5.5 % |
| CRONOS GROUP INC | 5.1 % |
| BRITISH AMERICAN TOBACCO PLC | 5.1 % |
| IMPERIAL TOBACCO GROUP PLC | 4.7 % |
| GLASS HOUSE BRANDS INC SWAP | 4.5 % |
| PHILIP MORRIS INTERNATIONAL | 4.5 % |
Constituent Breakdown
| Number of holdings | 14 |
| Herfindahl-Hirschman Index | 566 |
| Wgt avg mkt cap (mns) | $19,205 |
| Large cap (>$10bn) | 16.0% |
| Mid cap ($2-10bn) | 2.6% |
| Small cap (<$2bn) | 38.6% |
| Developed mkts. | 57.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
CANADA | 25.2 % |
 |
UNITED STATES | 24.8 % |
 |
BRITAIN | 9.8 % |
 |
IRELAND | 3.8 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.0% | -3.1% | -1.7% | -11.4% | -18.8% | -- | -- | -21.4% |
| Dividend Yield | 0.6% | 3.3% | 3.8% | 3.5% | 2.6% | -- | -- | 2.9% |
| Total Returns | 5.7% | 0.3% | 2.1% | -7.9% | -16.2% | -- | -- | -18.5% | Ann. Volatility | 37.1% | 36.0% | 35.0% | 30.9% | 33.7% | -- | -- | 35.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 10% |
| MSCI EAFE | 0.70 | 11% |
| MSCI Emg Mkts | 0.68 | 11% |
Liquidity Measures
| Avg. volume (000) | 40 |
| ADV traded (mns) | $0 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 1.57% |
Technical Indicators
| 30d moving avg. (EMA) | $5.65 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.17/-0.18 |
| Bollinger Bands (Upper/Lower) | $6.01/$5.09 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TOKE |
Expenses vs. TOKE |
ALTAR Score™ vs. TOKE |
|---|---|---|---|---|
| YOLO | AdvisorShares Pure Cannabis ETF | 28.2% | +61 bp | -4.7% |
| MJ | ETFMG Alternative Harvest | 18.4% | +33 bp | 0.0% |
| VICE | AdvisorShares Vice ETF | 16.6% | +57 bp | +6.5% |
| KXI | iShares Global Consumer Staples ETF | 10.6% | -1 bp | +5.7% |
Risk and Returns: TOKE 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 12/2/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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 Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
TOKE
2.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 378 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.1%. TOKE's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places TOKE in the 25th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
TOKESELL
U/W
HOLD
O/W
BUY
Bid/Ask Spreads
157 bp
AVG SPREAD
16 —
654 bp
RANGE