This new fund makes investing in marijuana easier than ever

That's the tag line of the newest cannabis ETF on the block. The AdvisorShares Pure Cannabis ETF (YOLO), with the ticker YOLO, made its market debut last week. It is the second weed-focused exchange traded fund on the market.

Last year, the ETFMG Alternative Harvest ETF (MJ) premiered with the fitting ticket MJ.

YOLO includes shares from Canadian cannabis companies like Green Organic Dutchman (TGODF), Aphria (APHA) and Canopy Growth (CGC).

YOLO portfolio manager Dan Ahrens is joining CNN Business' Markets Now show on Wednesday next week to discuss the fund's debut.

ETFs are investment vehicles that make it easy for retail investors to tap into parts of the market. There's pretty much an ETF for every topic under the sun.

If you want to invest in companies that care about gender equality, the Impact Shares YWCA Women's Empowerment ETF (WOMN) hit the market under the ticker WOMN last year. It track the Morningstar Women's Empowerment Index. Similarly, the EQLT Workplace Equality Portfolio ETF (EQLT) tracks the stocks of firms that support LGBT employees in the workplace.

There's a millennial fund, too. After all, if retirement already looks like a struggle, investing in the stock market might help that problem. The Global X Millennials Thematic ETF (MILN), tracks Indxx' Millennials Thematic Index that comprises companies that cater to the generation.

If the environment is your thing, there's a whole slew of renewable energy ETFs, including the iShares Global Clean Energy ETF (ICLN).

But how do the trend ETFs perform?

With stocks near record highs and bulls alive and well, it might seem hard to outdo a plain vanilla S&P 500 tracker. The SPDR S&P 500 ETF Trust (SPY) is up 17% in 2019 and 11% over the past year.

But not so fast. The original weed ETF, MJ, is up 40% in 2019 and has climbed 22% over the past 12 months. The millennial ETF has climbed 26% this year, and is up 24% over the last year.

It's all about being opportunistic, it seems. That could bode well for YOLO.

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