Psychedelic Drug Stocks Index Up In December; Down YTD

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The 5 constituents in the munKNEE Psychedelic Drug Stocks Index are DOWN 29.2%, on average, so far in 2023 and are now DOWN 85.9% from their highs in 2021. Below is how each constituent stock has performed so far in December, in descending order and YTD:

Compass Pathways (CMPS): UP 48.0% MTD; UP 10.2% YTD

is focused on the use of psilocybin (magic mushrooms) in their research. Go here for much more extensive information on Psilocybin.

Atai Life Sciences (ATAI): UP 29.8% MTD; DOWN 49.2% YTD

is focused on the use of ketamine, DMT and ibogaine. Go here for much more extensive information on Ketamine and here for much more extensive information on DMT.

Mind Medicine (MNMD): UP 17.3% MTD; UP 75.9% YTD

is primarily focused on the use of LSD and MNMA. Go here for much more extensive information on LSD and here for much more extensive information on MNMA.

GH Research (GHRS): DOWN 11.9% MTD; DOWN 43.4% YTD

is primarily focused on the use of mebufotenin, the new International non-proprietary name for 5-MeO-DMT, which stands for 5-MethOxy-N,N-DiMeThyltryptamine.

Incannex Healthcare (IXHL): DOWN 47.3% MTD; DOWN 61.6% YTD

is researching and developing therapies and products with the world’s largest portfolio of medicinal cannabinoid and psychedelic pharmaceutical products.

Summary
The munKNEE Psychedelic Drug Stocks Index is UP 9.1% MTD but is still DOWN 29.2% YTD. The AdvisorShares Psychedelic ETF (PSIL), in comparison, is UP 9.2% MTD but is “only” DOWN 22.4% YTD.More By This Author:American Cannabis MSO Stocks Index Has Rebounded In 2023
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