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ETFMG 2X Daily Alternative Harvest ETF (MJXL)

ETF · Currency in USD
Issuer
ETFMG
Inception Date
Jul 6, 2021
Region
Global (Broad)
Category
n/a
Leveraged
2x
Expense Ratio
0.95%
Index Tracked
Prime Alternative Harvest Index (200%)
ETF Home Page
etfmg.com
Asset Class
Equity

MJXLPrice Chart


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MJXLPerformance

The chart shows the growth of $10,000 invested in ETFMG 2X Daily Alternative Harvest ETF on Jul 8, 2021 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $4,041 for a total return of roughly -59.59%. All prices are adjusted for splits and dividends.


MJXL (ETFMG 2X Daily Alternative Harvest ETF)
Benchmark (S&P 500)

MJXLReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-23.68%0.43%
6M-59.59%5.43%
YTD-59.59%5.43%
1Y-59.59%5.43%
5YN/A
10YN/A

MJXLMonthly Returns Heatmap


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MJXLSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The chart below displays rolling 12-month Sharpe Ratio.


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MJXLDividends


ETFMG 2X Daily Alternative Harvest ETF doesn't pay dividends

MJXLDrawdowns Chart

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


MJXL (ETFMG 2X Daily Alternative Harvest ETF)
Benchmark (S&P 500)

MJXLWorst Drawdowns

The table below shows the maximum drawdowns of the ETFMG 2X Daily Alternative Harvest ETF. 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 ETFMG 2X Daily Alternative Harvest ETF is 59.59%, recorded on Nov 26, 2021. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-59.59%Jul 8, 2021100Nov 26, 2021

MJXLVolatility Chart

Current ETFMG 2X Daily Alternative Harvest ETF volatility is 83.32%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


MJXL (ETFMG 2X Daily Alternative Harvest ETF)
Benchmark (S&P 500)

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