- ISIN
- US26924G5080
- CUSIP
- 26924G508
- Issuer
- ETFMG
- Inception Date
- Dec 2, 2015
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities, Cannabis
- Leveraged
- 1x (No leverage)
- Index Tracked
- Prime Alternative Harvest Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $121M
Share Price Chart
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Performance
MJ Performance Chart
ETFMG Alternative Harvest ETF (MJ) is down 18.5% since the beginning of the year. MJ is currently trading at $24 per share. Investors who bought $1,000 worth of MJ shares 5 years ago would now be looking at an investment worth $111.
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Returns By Period
ETFMG Alternative Harvest ETF (MJ) has returned -18.53% so far this year and 46.00% over the past 12 months.
ETFMG Alternative Harvest ETF
- 1D
- -3.65%
- 1M
- -2.84%
- YTD
- -18.53%
- 6M
- -20.69%
- 1Y
- 46.00%
- 3Y*
- -8.57%
- 5Y*
- -35.61%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MJ Monthly Returns History
Based on dividend-adjusted daily data since Feb 7, 2018, MJ's average daily return is -0.07%, while the average monthly return is -1.52%.
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% | 19.90% | -3.73% | -8.66% | -18.53% | ||||||
| 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 -27.99%, beta of 1.10, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since February 07, 2018.
- This ETF participated in 161.67% of S&P 500 Index downside but only 9.27% 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
- -27.99%
- Beta
- 1.10
- R²
- 0.15
- Upside Capture
- 9.27%
- Downside Capture
- 161.67%
Expense Ratio
MJ has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MJ ranks 22 for risk / return — below 22% 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 S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MJ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 2.78 | -1.83 |
| Martin ratioReturn relative to average drawdown | 1.64 | 12.44 | -10.80 |
Dividends
Dividend History
ETFMG Alternative Harvest ETF provided a 2.44% 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 | 2.44% | 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 | $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 94.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -96.55%Apr 2025 | 6y 6mo | — | 7y 9moSep 2018 - now |
2018 bear market2018 | -25.29%Aug 2018 | 5mo 10d | 13d | 5mo 23dMar 2018 - Aug 2018 |
2018 pullback2018 | -8.46%Feb 2018 | 20d | 7d | 27dFeb 2018 - Mar 2018 |
Rate-hike selloffLate 2018 | -6.29%Sep 2018 | 0s | 5d | 5dSep 2018 - Sep 2018 |
2018 pullback2018 | -4.01%Aug 2018 | 0s | 5d | 5dAug 2018 - Sep 2018 |
Drawdown Indicators
| MJ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.55% | -56.78% | -39.77% |
Max Drawdown (1Y)Largest decline over 1 year | -48.66% | -9.10% | -39.56% |
Max Drawdown (3Y)Largest decline over 3 years | -69.73% | -18.90% | -50.83% |
Max Drawdown (5Y)Largest decline over 5 years | -92.93% | -25.43% | -67.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -94.74% | -1.80% | -92.94% |
Average DrawdownAverage peak-to-trough decline | -69.33% | -10.71% | -58.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.18% | 2.03% | +26.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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