POTX - The best performing cannabis ETF of 2020 is powered by a REIT
2020 has not been a good year for marijuana stocks and their ETFs. Since a slew of new pot ETFs were launched, most have struggled.The six cannabis ETFs to watch are the ETFMG Alternative Harvest ETF (MJ), the AdvisorShares Pure Cannabis ETF (YOLO), the Global X Cannabis ETF (POTX), the Spinnaker Cannabis ETF (THCX), and the Cambria ETF Trust Cannabis ETF (TOKE).Here's a comparison of these cannabis ETFs.Only one of them has more than $100M of assets under management -- the ETFMG Alternative Harvest ETF (MJ), with $531M under management. The AdvisorShares Pure Cannabis ETF (YOLO) is a distant second, with $62M under management.The cannabis ETFs' performance this year has been broadly abysmal. Every single one of them is down year to date, with the carnage generally ranging between 23% and 46%.The exception is the AdvisorShares Pure Cannabis ETF (YOLO), down only 1.2% year to date.What explains its outstanding comparative performance?If you check
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The best performing cannabis ETF of 2020 is powered by a REIT