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
11.2 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) | $11 |
| 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
| CASH & OTHER | 11.3 % |
| GLASS HOUSE BRANDS INC SWAP | 6.8 % |
| GROWN ROGUE INTL INC COM SWAP | 6.6 % |
| BRITISH AMERICAN TOBACCO PLC | 5.8 % |
| GREEN THUMB INDUSTRIES INC SWAP | 5.7 % |
| PHILIP MORRIS INTERNATIONAL | 5.6 % |
| IMPERIAL TOBACCO GROUP PLC | 5.5 % |
| TURNING POINT BRANDS INC | 5.4 % |
| ALTRIA GROUP INC | 5.2 % |
| WM TECHNOLOGY, INC. CLASS A | 5.0 % |
Constituent Breakdown
| Number of holdings | 14 |
| Herfindahl-Hirschman Index | 550 |
| Wgt avg mkt cap (mns) | $29,231 |
| Large cap (>$10bn) | 22.5% |
| Mid cap ($2-10bn) | 5.3% |
| Small cap (<$2bn) | 28.7% |
| Developed mkts. | 55.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 28.0 % |
 |
CANADA | 15.7 % |
 |
BRITAIN | 11.3 % |
 |
IRELAND | 3.1 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -10.4% | -24.6% | -10.3% | -20.6% | -18.6% | -- | -- | -25.1% |
| Dividend Yield | 0.0% | 3.9% | 4.1% | 3.3% | 3.0% | -- | -- | 2.9% |
| Total Returns | -10.4% | -20.7% | -6.2% | -17.3% | -15.5% | -- | -- | -22.2% | Ann. Volatility | 28.1% | 30.6% | 29.3% | 29.1% | 32.5% | -- | -- | 34.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 32% |
| MSCI EAFE | 0.86 | 34% |
| MSCI Emg Mkts | 0.76 | 26% |
Liquidity Measures
| Avg. volume (000) | 11 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 3.10% |
Technical Indicators
| Recent close | $4.41 |
| 30d moving avg. | $4.65 |
| Annualized volatility | 25.6% |
| Relative strength (RSI) | 43 |
| Short interest | 0.3% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| YOLO | AdvisorShares Pure Cannabis ETF | 18.1% | +61 bp | -6.4% |
| VICE | AdvisorShares Vice ETF | 16.4% | +57 bp | +6.4% |
| MJ | ETFMG Alternative Harvest | 13.9% | +33 bp | 0.0% |
| KXI | iShares Global Consumer Staples ETF | 10.8% | -1 bp | +5.5% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 10.7% | +3 bp | +9.5% |
| SIXA | ETC 6 Meridian Mega Cap Equity ETF | 10.4% | +38 bp | +6.9% |
| IYK | iShares U.S. Consumer Staples ETF | 10.2% | -2 bp | +6.1% |
| XLP | Consumer Staples Select Sector SPDR Fund | 10.1% | -34 bp | +5.9% |
Risk and Returns: 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 6/16/2025
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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
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™
1.9%
Cat. Avg
4.5%
ALTAR Score™ Calculation
Category Overview
There are 370 funds in the Global Equity category, with an average ALTAR Score™
of 4.5% and a standard deviation of
3.5%. 's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places in the 22nd 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
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| (42 bp) Percentile rank | 16 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 42.0 | 0.0 | 42 | |
| Peer Avg. | 72.6 | 40.1 | 112.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .