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MJ Outlook

Last updated Sep 23, 2023

Asset Allocation


MJ 100%EquityEquity
PositionCategory/SectorWeight
MJ
ETFMG Alternative Harvest ETF
Small Cap Blend Equities, Cannabis100%

Performance

The chart shows the growth of an initial investment of $10,000 in MJ Outlook, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly


-20.00%-10.00%0.00%10.00%20.00%30.00%AprilMayJuneJulyAugustSeptember
8.97%
8.61%
MJ Outlook
Benchmark (^GSPC)
Portfolio components

Returns

As of Sep 23, 2023, the MJ Outlook returned -9.70% Year-To-Date and -19.31% of annualized return in the last 10 years.


1 month6 monthsYear-To-Date1 year5 years (annualized)10 years (annualized)
Benchmark-1.29%8.79%12.52%16.97%8.17%11.18%
MJ Outlook32.71%9.91%-9.70%-17.54%-35.18%-19.31%
MJ
ETFMG Alternative Harvest ETF
32.71%9.91%-9.70%-17.54%-35.18%-19.31%

Sharpe Ratio

The current MJ Outlook Sharpe ratio is -0.44. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

-1.000.001.002.003.004.00-0.44

The Sharpe ratio of MJ Outlook is in the bottom 25%, suggesting that this portfolio isn't performing as well in terms of risk-adjusted returns compared to many others. This could be due to lower returns, higher volatility, or both. It might be an indication that the portfolio needs fine-tuning.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00AprilMayJuneJulyAugustSeptember
-0.44
0.81
MJ Outlook
Benchmark (^GSPC)
Portfolio components

Dividend yield

MJ Outlook granted a 3.32% dividend yield in the last twelve months.


TTM2022202120202019201820172016
MJ Outlook3.32%4.19%2.03%4.92%5.93%2.61%3.17%20.04%
MJ
ETFMG Alternative Harvest ETF
3.32%4.19%2.03%4.92%5.93%2.61%3.17%20.04%

Expense Ratio

The MJ Outlook has a high expense ratio of 0.75%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


0.75%
0.00%2.15%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
MJ
ETFMG Alternative Harvest ETF
-0.44

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%AprilMayJuneJulyAugustSeptember
-89.50%
-9.93%
MJ Outlook
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below shows the maximum drawdowns of the MJ Outlook. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the MJ Outlook is 92.11%, recorded on Aug 28, 2023. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-92.11%Sep 21, 20181241Aug 28, 2023
-34.88%Jan 24, 2018141Aug 14, 201824Sep 18, 2018165
-17.01%Oct 26, 201619Dec 1, 201664Mar 20, 201783
-14.29%Dec 4, 201511Jan 27, 20164Mar 3, 201615
-12.6%Jan 9, 20184Jan 12, 20186Jan 23, 201810

Volatility Chart

The current MJ Outlook volatility is 26.97%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%AprilMayJuneJulyAugustSeptember
26.97%
3.41%
MJ Outlook
Benchmark (^GSPC)
Portfolio components