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Launched · SEC filings

Roundhill Cannabis ETF

WEEDCboeRoundhill InvestmentsB

$20.26+1.49 (+7.94%)

As of Nov 2, 2026, 2:21 PM ET

B58/ 100

Rank 1 of 5 in Cannabis

B58/100Rank 1 of 5inCannabis
Intraday session: up, 55 prints from 18.77 to 20.26. Range 18.77 to 20.30. Use the arrow keys to read each point.19.0019.2519.5019.7520.0010 AM12 PM2 PM4 PM
Expense ratio
0.41%
Fund size
$7M
1Y total return
−1.5%
Yield · Last 12 months
No data
Holdings
8
Avg volume · 30D
13K sh
52W range
low $12.71high $31.05
Launched
Filings
SEC EDGAR

The ETF.net WEED Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
Cannabis⁠
Rank
1 of 5
Six-pillar profile for WEED. Scores out of 100: Cost 85, Risk 33, Mission not scored, Tradability 53, Holdings 30, Durability 45. Strongest: Cost (85). Weakest: Holdings (30). Based on 5 of 6 pillars.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A85 out of 100
    Rank 1 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D33 out of 100
    Rank 4 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C53 out of 100
    Rank 2 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D30 out of 100
    Rank 5 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C45 out of 100
    Rank 4 of 5

Our read on WEED

ETF.net Research

In short

BThe cannabis fund that launched on 4/20 and undercuts its whole category on fee: 0.41% a year against a cohort median of 0.91%. Exposure to US multi-state operators runs mostly through total return swaps, not direct share ownership.

Stated mandate

The Fund seeks capital growth through investments primarily in exchange-listed equity securities and total return swaps that provide exposure to the cannabis and hemp ecosystem.

Why people hold it

  • Cheapest ticket in the cannabis aisle at 0.41% a year, well under the 0.91% cohort median.roundhillinvestments.com
  • Reaches US plant-touching operators through total return swaps instead of direct shares, pledging cash and cash equivalents as collateral behind them.roundhillinvestments.com
  • Actively managed and pointed at a short list of leading US multi-state operators rather than a sprawl of ancillary picks-and-shovels names.roundhillinvestments.com
  • Listed options trade on it, which is uncommon for a fund this small.roundhillinvestments.com

Worth knowing

  • Small and thinly traded, so spreads and market impact can eat more than the low fee saves.
  • Swaps bring counterparty risk, and a meaningful slice of the portfolio sits in cash-like collateral rather than in stocks.roundhillinvestments.com
  • Concentrated, capital-growth mandate with no income component, in a theme that swings hard on regulatory news.

WEED Holdings

Holdings pillarD30 out of 100Rank 5 of 5 in Cannabis
Asset class
Stocks
Holdings
8
Top-10 weight
186%
Largest holding
912797VA272.7%

Sectors

  • Health Care60.0%
  • Consumer Staples17.3%
  • Real Estate16.3%
  • Technology6.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1912797VA2United States Treasury Bill 12/03/202672.70%5,000,000$4.98M53
2No dataTrulieve Cannabis Corp Swap33.49%223,288$2.3M1
3No dataGreen Thumb Industries Inc Swap24.36%266,330$1.67M1
4CURA.TOCuraleaf Holdings Inc21.67%176,108$1.48M9
5FGXXXFirst American Government Obligations Fund 12/01/203112.97%889,090$889K86
6No dataCuraleaf Hldgs Inc10.27%85,112$704K1
7No dataVerano Holdings Corp Swap6.59%90,129$452K1
8No dataCresco Labs Inc-Subordinate Swap4.08%487,756$279K1

Showing 1–8 of 8 holdings

WEED Performance

Launched Apr 20, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
WEED$9,853
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. WEED $9,853. SPY $11,199. Use the arrow keys to read each point.$7,500$10,000$12,500$15,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for WEED. Periods over one year show the average yearly return.
PeriodWEED
Year to date−5.4%
1 month−11.5%
3 months−0.9%
1 year−1.5%
3 yearsper year−6.8%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for WEED
YearReturn barWEED
2026 YTD−5.4%
2025+19.4%
2024−44.9%
2023+0.9%
2022−60.2%

Since listing, Apr 20, 2022

WEED in the news

WEED Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

WEED Risk

Risk pillarD33 out of 100Rank 4 of 5 in Cannabis
How much the fund’s monthly returns vary, scaled to a year.
86.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.21
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−88.1%
54 months · trough Jun 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.05
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

WEED Cost

Cheapest in Cannabis

$8,281

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • WEED 0.41%

    $8,281

$10,000
30 years

Cost over time

  • WEED 0.41%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530WEED $8,281

Year by year

YearWEED
10$741
20$2,860
30$8,281

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