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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ETFMG Alternative Harvest ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
ETFMG Alternative Harvest ETF (MJ) has returned -22.73% so far this year and 20.44% over the past 12 months.
ETFMG Alternative Harvest ETF
- 1D
- 9.36%
- 1M
- -11.33%
- YTD
- -22.73%
- 6M
- -37.17%
- 1Y
- 20.44%
- 3Y*
- -15.21%
- 5Y*
- -37.72%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Feb 7, 2018, MJ's average daily return is -0.07%, while the average monthly return is -1.60%.
Historically, 35% of months were positive and 65% were negative. The best month was Aug 2025 with a return of +81.6%, while the worst month was Dec 2022 at -26.4%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 9 months.
On a daily basis, MJ closed higher 44% of trading days. The best single day was Dec 12, 2025 with a return of +42.8%, while the worst single day was Feb 11, 2021 at -24.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -12.49% | -0.42% | -11.33% | -22.73% | |||||||||
| 2025 | -5.80% | -11.18% | -13.29% | 10.62% | -12.70% | -4.62% | 15.76% | 81.63% | -1.01% | -13.30% | -22.09% | 20.37% | 13.07% |
| 2024 | 11.76% | -5.82% | 24.76% | 15.55% | -22.57% | -6.83% | 9.94% | -12.60% | 5.64% | -5.44% | -17.89% | -11.89% | -23.97% |
| 2023 | 7.51% | -11.35% | -13.30% | -5.68% | -9.34% | -0.66% | 10.37% | 6.67% | 3.69% | -21.10% | 7.99% | 3.86% | -24.18% |
| 2022 | -9.39% | -4.18% | 7.80% | -21.41% | -11.53% | -19.56% | 2.07% | -0.68% | -21.94% | 21.79% | 3.58% | -26.42% | -61.55% |
| 2021 | 32.75% | 18.43% | 1.51% | -6.64% | 0.94% | -4.63% | -12.73% | -6.96% | -13.88% | -6.39% | -10.47% | -8.13% | -22.79% |
Benchmark Metrics
ETFMG Alternative Harvest ETF has an annualized alpha of -27.74%, beta of 1.09, and R² of 0.15 versus S&P 500 Index. Calculated based on daily prices since February 08, 2018.
- This ETF participated in 159.13% of S&P 500 Index downside but only 6.41% of its upside — more exposed to losses than it benefited from rallies.
- R² of 0.15 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -27.74%
- Beta
- 1.09
- R²
- 0.15
- Upside Capture
- 6.41%
- Downside Capture
- 159.13%
Expense Ratio
MJ has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MJ ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and compare them to a chosen benchmark (S&P 500 Index).
| MJ | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 0.90 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.39 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.40 | -1.02 |
Martin ratioReturn relative to average drawdown | 0.81 | 6.61 | -5.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore MJ risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
ETFMG Alternative Harvest ETF provided a 2.57% dividend yield over the last twelve months, with an annual payout of $0.59 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.59 | $0.59 | $3.71 |
Dividend yield | 2.57% | 1.98% | 13.80% |
Monthly Dividends
The table displays the monthly dividend distributions for ETFMG Alternative Harvest ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.59 |
| 2024 | $0.67 | $0.00 | $0.00 | $2.04 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.29 | $3.71 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ETFMG Alternative Harvest ETF. 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 ETFMG Alternative Harvest ETF was 96.55%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current ETFMG Alternative Harvest ETF drawdown is 95.01%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -96.55% | Sep 21, 2018 | 1645 | Apr 8, 2025 | — | — | — |
| -25.29% | Mar 7, 2018 | 112 | Aug 14, 2018 | 9 | Aug 27, 2018 | 121 |
| -7.36% | Feb 16, 2018 | 7 | Feb 27, 2018 | 4 | Mar 5, 2018 | 11 |
| -6.29% | Sep 13, 2018 | 1 | Sep 13, 2018 | 3 | Sep 18, 2018 | 4 |
| -4.01% | Aug 30, 2018 | 1 | Aug 30, 2018 | 2 | Sep 4, 2018 | 3 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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