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WEED

GradeBChicago Board Options Exchange

Roundhill Investments - Cannabis ETF

Themes · Roundhill Investments · Inception 2022-04-20 · SEC filings

$24.57+0.57 (+2.38%)

As of Sep 23, 2026, 2:02 PM EDT

History starts Apr 20, 2022.
Intraday session: up, 22 prints from 24.00 to 24.57. Range 23.65 to 24.57. Use the arrow keys to read each point.$23.60$24.00$24.4010 AM12 PM2 PM4 PM
Expense ratio
0.41%
Fund size
$9M
1Y return
+29.1%
Yield · Last 12 months
—
Holdings
8
Volume · 30D
0M sh
NAV per share
$23.99
52W range
low $12.71high $31.05

The ETF.net WEED Grade

B

59/ 100

Rank 1 of 5 in Cannabis⁠

Confidence Low

Six-pillar profile for WEED. Scores out of 100: Cost 85, Risk 35, Mission not scored, Tradability 53, Holdings 38, Durability 45. Strongest: Cost (85). Weakest: Risk (35). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 85
    Category rank1/5 · top 20%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 35
    Category rank5/5 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 53
    Category rank2/5 · top 40%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 38
    Category rank4/4 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 45
    Category rank4/5 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on WEED

ETF.net Research

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

  1. 01Cheapest ticket in the cannabis aisle at 0.41% a year, well under the 0.91% cohort median.roundhillinvestments.com
  2. 02Reaches US plant-touching operators through total return swaps instead of direct shares, pledging cash and cash equivalents as collateral behind them.roundhillinvestments.com
  3. 03Actively 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
  4. 04Listed options trade on it, which is uncommon for a fund this small.roundhillinvestments.com

Worth knowing

  1. 01Small and thinly traded, so spreads and market impact can eat more than the low fee saves.
  2. 02Swaps bring counterparty risk, and a meaningful slice of the portfolio sits in cash-like collateral rather than in stocks.roundhillinvestments.com
  3. 03Concentrated, capital-growth mandate with no income component, in a theme that swings hard on regulatory news.

WEED Holdings

As of Sep 20, 2026, 5:42 AM
Asset class
Stocks
Holdings
8
Top-10 weight
180%
Largest holding
912797UJ474.5%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001912797UJ4United States Treasury Bill 10/08/202674.46%6,000,000$6M56
00289790E106 TRS 100427 NMTRULIEVE CANNABIS CORP SWAP30.73%223,288$2M1
00339342L108 TRS 100427 NMGREEN THUMB INDUSTRIES INC SWAP24.17%266,330$2M1
004CURA.TOCuraleaf Holdings Inc22.91%176,108$2M4
00523126M300 TRS 100427 NMCURALEAF HLDGS INC11.08%85,112$891K1
00692339H200 TRS 100427 NMVERANO HOLDINGS CORP SWAP6.75%90,129$543K1
007FGXXXFirst American Government Obligations Fund 12/01/20315.41%435,236$435K86
00822587M106 TRS 100427 NMCRESCO LABS INC-SUBORDINATE SWAP4.55%487,756$366K1

Showing 1–8 of 8 holdings

WEED Performance

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

WEED$12,910
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. WEED $12,910. SPY $11,723. Use the arrow keys to read each point.$6,214$11,315$16,416Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+21.0%
1 month+9.0%
3 months+18.9%
1 year+29.1%
3 years−9.6%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+21.0%
2025+19.4%
2024−44.9%
2023+0.9%
2022−60.2%

Since listing, Apr 20, 2022

WEED in the news

ETF.net Research hasn’t filed on WEED yet — coverage lands here as it’s written.

WEED Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

WEED Risk

How much the fund’s monthly returns vary, scaled to a year.
89.1%
Annualised · 36 months to Aug 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.
0.23
vs 3-month T-bills · to Aug 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%
53 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.

WEED Cost

Expense ratio0.41%
  • The middle half of Cannabis funds
  • Median 0.91%

No Cannabis fund charges less.

WEED costs $41.00 a year on $10,000. The median Cannabis fund costs $91.00.