ETFMG Alternative Harvest ETF (MJ)
MJ is a passive ETF by ETFMG tracking the investment results of the Prime Alternative Harvest Index. MJ launched on Dec 2, 2015 and has a 0.75% expense ratio.
ETF Info
| ISIN | US26924G5080 |
|---|---|
| CUSIP | 26924G508 |
| Issuer | ETFMG |
| Inception Date | Dec 2, 2015 |
| Region | North America (U.S.) |
| Category | Small Cap Blend Equities, Cannabis |
| Index Tracked | Prime Alternative Harvest Index |
| ETF Home Page | etfmg.com |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
The ETFMG Alternative Harvest ETF has a high expense ratio of 0.75%, indicating higher-than-average management fees.
Share Price Chart
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Performance
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.
Compare to other instruments
Popular comparisons: MJ vs. MSOS, MJ vs. YOLO, MJ vs. MJUS, MJ vs. ARKX, MJ vs. FPX, MJ vs. ICLN, MJ vs. VOOG, MJ vs. CNBS, MJ vs. SPY, MJ vs. SCHD
Return
ETFMG Alternative Harvest ETF had a return of -19.25% year-to-date (YTD) and -33.30% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -19.25% | 19.92% |
| 1 month | 11.92% | 5.06% |
| 6 months | 13.15% | 7.11% |
| 1 year | -33.30% | 16.17% |
| 5 years (annualized) | -32.58% | 11.84% |
| 10 years (annualized) | N/A | 9.85% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -9.34% | 0.32% | 10.37% | 6.67% | 4.49% | -21.10% | 7.99% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and S&P 500 (^GSPC). 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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | -0.77 | ||||
^GSPC S&P 500 | 1.25 |
Dividend History
ETFMG Alternative Harvest ETF granted a 3.72% dividend yield in the last twelve months. The annual payout for that period amounted to $0.13 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.13 | $0.18 | $0.21 | $0.66 | $0.90 | $0.56 | $0.86 | $3.92 |
Dividend yield | 3.72% | 4.12% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 |
| 2020 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.10 |
| 2019 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.32 |
| 2018 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.39 |
| 2017 | $0.07 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | $0.04 | $0.05 | $0.00 | $0.00 | $0.53 | $0.07 |
| 2016 | $0.20 | $0.04 | $0.45 | $0.08 | $0.07 | $0.05 | $0.04 | $0.06 | $0.03 | $2.90 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 92.53%, occurring on Oct 30, 2023. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -92.53% | Sep 21, 2018 | 1285 | Oct 30, 2023 | — | — | — |
| -34.88% | Jan 24, 2018 | 141 | Aug 14, 2018 | 24 | Sep 18, 2018 | 165 |
| -17.01% | Oct 26, 2016 | 19 | Dec 1, 2016 | 64 | Mar 20, 2017 | 83 |
| -14.29% | Dec 4, 2015 | 11 | Jan 27, 2016 | 4 | Mar 3, 2016 | 15 |
| -12.6% | Jan 9, 2018 | 4 | Jan 12, 2018 | 6 | Jan 23, 2018 | 10 |
Volatility Chart
The current ETFMG Alternative Harvest ETF volatility is 10.20%, 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.