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CNBS vs WEED

Amplify Seymour Cannabis ETF

CNBSCNYSE Arca

Roundhill Cannabis ETF

WEEDBCboe

Overlap

Expense ratio

WEED −0.35pt a year

CNBS0.76%WEED0.41%

Avg volume · 30D

WEED 2.5×the volume

CNBS5.21KWEED13K

3Y return · a year

WEED +1.7pt

CNBS−8.5%WEED−6.8%

CNBS vs WEED Performance

Oct 31, 2025 – Oct 30, 2026

−16.3%CNBS−1.5%WEED

Oct 31, 2025 to Oct 30, 2026. CNBS −16.3%. WEED −1.5%. Use the arrow keys to read each point.20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
CNBS 0.76%
WEED 0.41%, better
Fund size
CNBS $63M
WEED $7M
1Y total return
CNBS −16.3%
WEED −1.5%, better
Yield (12M)
CNBS 0.00%
WEED No data
Holdings
CNBS 36
WEED 8
Avg volume (30D)
CNBS 5.21K sh
WEED 13K sh, better
NAV per share
CNBS $22.89
WEED $18.78
52W range

ETF.net Grade

CNBS: Cost 43, Risk 44, Mission not scored, Tradability 50, Holdings 48, Durability 61. WEED: Cost 85, Risk 33, Mission not scored, Tradability 53, Holdings 30, Durability 45.
Pillar letters and Scores for CNBS, WEED, with each pillar’s weight
PillarCNBSWEED
Cost30% weightC43A85Higher
Mission25% weightNot scoredNot scored
Risk15% weightC44HigherD33
Tradability15% weightC50C53Higher
Holdings10% weightC48HigherD30
Durability5% weightB61HigherC45

Rank among Cannabis funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CNBS and WEED are both graded against the same 5 Cannabis funds, so their Grades compare head to head.

Cannabis⁠

Category · 5 funds
See all 5 ›

WEED ranks 1st and CNBS 3rd of 5 funds in the Cannabis Category.

  1. Rank 1BWEEDRoundhill Cannabis ETFScore 58
  2. Rank 2DMSOSAdvisorShares Pure US Cannabis ETFScore 49
  3. Rank 3CCNBSAmplify Seymour Cannabis ETFScore 46
  4. Rank 3CMJAmplify Alternative Harvest ETFScore 46

Our read on each fund

ETF.net Research

CNBSCAmplify Seymour Cannabis ETF

WEEDBRoundhill Cannabis ETF

In short

CNBS Cannabis, undiluted. CNBS runs a roughly 30-stock portfolio built on a purity test: holdings must earn at least half their revenue from the cannabis and hemp ecosystem. Trading since 2019, it's a concentrated take on the theme, not a broad basket.

WEED The 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

CNBS The Fund seeks capital appreciation by investing in equity securities of companies engaged in cannabis and hemp-related activities. At least 80% of net assets is invested in companies deriving at least half of their revenue from the cannabis and hemp ecosystem.

WEED 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

  • CNBS The purity rule is the whole point: at least 80% of assets go to companies earning half or more of their revenue from cannabis and hemp, so conglomerates with a side bet in the plant don't qualify.
  • About 30 names, which means each position actually moves the fund. A concentrated expression of the theme instead of a diluted sector sweep.
  • A plain 1940 Act fund operating since 2019: familiar ETF plumbing and 1099 tax reporting rather than a partnership K-1.
  • WEED 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

  • CNBS The 1.09% expense ratio sits above the cannabis-fund median, and well above cheaper shelf-mates like WEED at 0.41% and MSOS at 0.81%. You're paying up in this aisle.
  • It trades lighter than the category's most active funds, so bid-ask spreads can be wider and size can push the price around.
  • The mandate is capital appreciation. Income isn't part of the design, and the fund has not been making distributions.
  • WEED 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.

Full CNBS profile⁠

Full WEED profile⁠

CNBS vs WEED Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CNBS vs WEED Cost

Overpaying CNBS vs WEED

$6,375

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

  • CNBS 0.76%

    $14,656

  • WEED 0.41%

    $8,281

$10,000
30 years

Cost over time

  • CNBS 0.76%
  • WEED 0.41%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CNBS $14,656WEED $8,281

Year by year

YearCNBSWEEDOverpaying
10$1,353$741$612
20$5,142$2,860$2,282
30$14,656$8,281$6,375

Expense ratio

  • 0.76%CNBS
  • 0.41%WEED, cheaper
  • Middle half of Cannabis funds
  • Median 0.75%

WEED cheapest of 5 funds

CNBS 4th cheapest of 5 funds

CNBS vs WEED Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CNBS 0.00%
WEED No data
Payout (12M)
CNBS None
WEED None

Distribution history

Per share, 2019 to 2024, same scale for both

CNBS4 paymentsAll CNBS payments⁠
One bar per payment. 4 payments from 2019 to 2024. Dec 30, 2019 $0.92; Dec 29, 2020 $1.21; Dec 29, 2021 $0.0019; Dec 30, 2024 $10.71. Use the arrow keys to read each point.$0$1020212024
WEEDAll WEED payments⁠

No distribution history available.

CNBS vs WEED Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CNBS 74.6%, betterWEED 86.8%
Return per unit of riskSharpe ratio, 3 years
CNBS 0.12WEED 0.21, better
Worst fallMax drawdown, 5 years
CNBS −91.2%WEED −88.1%since Apr 2022
Market sensitivityBeta, 5 years
CNBS 0.92WEED 1.05

CNBS and WEED in the news

All news⁠

Popular comparisons

  • CNBSCvsMSOSD

    Amplify Seymour Cannabis ETF · AdvisorShares Pure US Cannabis ETF

    Expense ratio
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    Category
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