Comparing Cannabis Stocks with ETFs’ Performance in Week 47

ETFs investing in cannabis stocks

The chart below compares ETFs’ returns in the last week.

Comparing Cannabis Stocks with ETFs’ Performance in Week 47

Horizons Marijuana Life Sciences Index ETF (HMMJ)

This ETF focuses on North American publicly listed life sciences companies with significant business in the cannabis industry. The fund has operated since April 2017, and its market capitalization is 785.9 million Canadian dollars as of November 26. The price decreased ~2.9% last week and ~4.6% in 2018 year-to-date to a closing price of 18.05 Canadian dollars on November 23.

ETFMG Alternative Harvest ETF (MJ)

This ETF focuses on companies with significant business in the cultivation, production, or marketing of cannabis for medicinal or non-medicinal use. It has operated since March 2015, and its market capitalization is $635.3 million as of November 26. MJ’s price decreased ~1.9% last week while its year-to-date returns decreased ~7.7% to a closing price of $30.05 on November 23.

Evolve Marijuana ETF (SEED)

This ETF focuses on companies involved in the marijuana industry and has operated since February 2018. Its market capitalization is 8.1 million Canadian dollars as of November 26. The price decreased ~2.9% last week while it increased ~3.5% in 2018 year-to-date to a closing price of 20.68 Canadian dollars on November 23.

The Evolve Marijuana ETF (SEED) invests 7.9% of its total portfolio in Canopy Growth (CGC), 6.3% in Aphria (APHA), 4.1% in Hexo (HEXO), and 7.8% in Aurora Cannabis (ACB).