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MJ Outlook
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Asset Allocation


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

100%

S&P 500

Performance

Performance Chart

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


-100.00%-50.00%0.00%50.00%100.00%150.00%FebruaryMarchAprilMayJuneJuly
-78.69%
168.59%
MJ Outlook
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Dec 3, 2015, corresponding to the inception date of MJ

Returns By Period


Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500
15.41%0.33%13.74%21.39%13.11%10.77%
MJ Outlook14.75%4.36%5.90%24.52%-31.51%N/A
MJ
ETFMG Alternative Harvest ETF
14.75%4.36%5.90%24.52%-31.51%N/A

Monthly Returns

The table below presents the monthly returns of MJ Outlook, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202411.76%-5.82%24.75%15.55%-22.57%-6.83%14.75%
20237.51%-11.35%-13.30%-5.68%-9.34%0.33%10.37%6.67%4.49%-21.10%7.99%5.61%-21.53%
2022-9.39%-4.18%7.80%-21.41%-11.53%-18.63%2.07%-0.68%-21.34%21.79%3.58%-25.24%-60.18%
202132.75%18.43%1.59%-6.64%0.94%-4.35%-12.73%-6.96%-13.53%-6.39%-10.47%-7.54%-21.67%
2020-3.39%-15.90%-17.18%5.79%14.10%-4.52%0.54%-2.40%-16.26%2.98%47.67%-8.75%-11.57%
201940.98%5.49%-1.62%-1.95%-13.15%2.88%-11.36%-14.49%-12.50%-6.60%-10.98%1.13%-28.54%
20187.77%-9.40%-7.04%-2.78%3.87%-1.15%-8.37%24.28%19.78%-22.55%-5.35%-13.66%-21.78%
20177.32%6.37%4.15%2.13%0.20%1.30%5.84%-0.36%1.68%-6.15%0.50%11.22%38.62%
2016-10.23%9.71%17.28%6.84%-6.51%6.19%7.09%-0.14%-2.26%4.66%-12.55%-1.04%16.00%
2015-4.52%-4.52%

Expense Ratio

MJ Outlook features an expense ratio of 0.75%, falling within the medium range. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


Expense ratio chart for MJ: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of MJ Outlook is 7, indicating that it is in the bottom 7% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of MJ Outlook is 77
MJ Outlook
The Sharpe Ratio Rank of MJ Outlook is 66Sharpe Ratio Rank
The Sortino Ratio Rank of MJ Outlook is 1010Sortino Ratio Rank
The Omega Ratio Rank of MJ Outlook is 1010Omega Ratio Rank
The Calmar Ratio Rank of MJ Outlook is 66Calmar Ratio Rank
The Martin Ratio Rank of MJ Outlook is 66Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

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.


MJ Outlook
Sharpe ratio
The chart of Sharpe ratio for MJ Outlook, currently valued at 0.35, compared to the broader market-1.000.001.002.003.004.000.35
Sortino ratio
The chart of Sortino ratio for MJ Outlook, currently valued at 1.04, compared to the broader market-2.000.002.004.006.001.04
Omega ratio
The chart of Omega ratio for MJ Outlook, currently valued at 1.12, compared to the broader market0.801.001.201.401.601.801.12
Calmar ratio
The chart of Calmar ratio for MJ Outlook, currently valued at 0.23, compared to the broader market0.002.004.006.008.0010.000.23
Martin ratio
The chart of Martin ratio for MJ Outlook, currently valued at 0.92, compared to the broader market0.0010.0020.0030.0040.000.92
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.82, compared to the broader market-1.000.001.002.003.004.001.82
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.59, compared to the broader market-2.000.002.004.006.002.59
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.32, compared to the broader market0.801.001.201.401.601.801.32
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.45, compared to the broader market0.002.004.006.008.0010.001.45
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 6.82, compared to the broader market0.0010.0020.0030.0040.006.82

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
MJ
ETFMG Alternative Harvest ETF
0.351.041.120.230.92

Sharpe Ratio

The current MJ Outlook Sharpe ratio is 0.35. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.31 to 2.06, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests that it may not be performing as well in terms of risk-adjusted returns compared to many other portfolios. The lower performance could be due to either lower returns, higher volatility, or a combination of both. This might indicate that the portfolio requires some fine-tuning. You can use the Portfolio Optimization tool to find an allocation that maximizes the Sharpe ratio.

Use the chart below to compare the Sharpe ratio of MJ Outlook with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00FebruaryMarchAprilMayJuneJuly
0.35
1.82
MJ Outlook
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

MJ Outlook granted a 8.94% dividend yield in the last twelve months.


TTM20232022202120202019201820172016
MJ Outlook8.94%3.59%4.12%1.93%4.60%5.26%2.23%2.64%16.22%
MJ
ETFMG Alternative Harvest ETF
8.94%3.59%4.12%1.93%4.60%5.26%2.23%2.64%16.22%

Drawdowns

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%FebruaryMarchAprilMayJuneJuly
-89.53%
-2.86%
MJ Outlook
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the MJ Outlook. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the MJ Outlook was 92.53%, occurring on Oct 30, 2023. The portfolio has not yet recovered.

The current MJ Outlook drawdown is 89.53%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-92.53%Sep 21, 20181285Oct 30, 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

Volatility Chart

The current MJ Outlook volatility is 11.30%, 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.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%FebruaryMarchAprilMayJuneJuly
11.30%
2.76%
MJ Outlook
Benchmark (^GSPC)
Portfolio components