HMMJ vs. NHYB ETF Comparison
Comparison of Horizons Medical Marijuana Life Sci ETF (HMMJ) to Nbi High Yield Bond ETF (NHYB)
HMMJ
Horizons Medical Marijuana Life Sci ETF
HMMJ Description
To achieve Horizons HMMJ’s investment objectives, Horizons HMMJ invests and holds the equity securities of the Constituent Issuers in substantially the same proportion as its Underlying Index. These securities, which could include ADRs, will be listed on stock exchanges in North America, and will be equity securities of life sciences companies, and other companies, with significant business activities in the marijuana industry. Horizons HMMJ’s Underlying Index is ordinarily rebalanced on a quarterly basis at the close of trading on each Rebalancing Date. The Constituent Issuers of its Underlying Index will be market capitalization-weighted on each Rebalancing Date, subject to a cap for each Constituent Issuer of a maximum of 10% of the net asset value of Horizons HMMJ on each Rebalancing Date, with the remainder of the Constituent Issuers’ weights to be increased proportionately.
Grade (RS Rating)
Last Trade
$9.77
Average Daily Volume
11,266
3
NHYB
Nbi High Yield Bond ETF
NHYB Description
The NBI High Yield Bond ETF’s investment objective is to provide a high level of long-term income. It invests, directly or throughinvestments in securities of other mutual funds, in a portfolio comprised primarily of high-yield debt securities of developedmarket issuers.Grade (RS Rating)
Last Trade
$21.85
Average Daily Volume
3,432
1
Performance
Period | HMMJ | NHYB |
---|---|---|
30 Days | -5.69% | -0.36% |
60 Days | -5.90% | -0.36% |
90 Days | -7.39% | 1.53% |
12 Months | 17.33% | 7.04% |
0 Overlapping Holdings
Symbol | Grade | Weight in HMMJ | Weight in NHYB | Overlap |
---|
HMMJ Underweight 1 Positions Relative to NHYB
Symbol | Grade | Weight | |
---|---|---|---|
BHC | B | -0.89% |
HMMJ: Top Represented Industries & Keywords
NHYB: Top Represented Industries & Keywords