AIEQ vs. MJ

Last updated Apr 2, 2026

Compare and contrast key facts about AI Powered Equity ETF (AIEQ) and ETFMG Alternative Harvest ETF (MJ).

AIEQ and MJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIEQ is an actively managed fund by ETFMG. It was launched on Oct 17, 2017. MJ is a passively managed fund by ETFMG that tracks the performance of the Prime Alternative Harvest Index. It was launched on Dec 2, 2015.

Performance

AIEQ vs. MJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AI Powered Equity ETF (AIEQ) and ETFMG Alternative Harvest ETF (MJ). The values are adjusted to include any dividend payments, if applicable.

AIEQ vs. MJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIEQ AI Powered Equity ETF	-3.53%	13.96%	14.21%
MJ ETFMG Alternative Harvest ETF	-22.26%	13.07%	-33.45%

Returns By Period

In the year-to-date period, AIEQ achieves a -3.53% return, which is significantly higher than MJ's -22.26% return.

AIEQ

• 1D: 0.73%
• 1M: -4.56%
• YTD: -3.53%
• 6M: -2.63%
• 1Y: 17.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MJ

• 1D: 0.61%
• 1M: -6.54%
• YTD: -22.26%
• 6M: -35.70%
• 1Y: 20.31%
• 3Y*: -15.04%
• 5Y*: -37.64%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIEQ vs. MJ - Expense Ratio Comparison

AIEQ has a 0.80% expense ratio, which is higher than MJ's 0.75% expense ratio.

AIEQ

AI Powered Equity ETF

MJ

ETFMG Alternative Harvest ETF

Return for Risk

AIEQ vs. MJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIEQ

AIEQ Risk / Return Rank: 48
AIEQ Sharpe Ratio Rank: 40
AIEQ Sortino Ratio Rank: 44
AIEQ Omega Ratio Rank: 52
AIEQ Calmar Ratio Rank: 45
AIEQ Martin Ratio Rank: 57

MJ

MJ Risk / Return Rank: 25
MJ Sharpe Ratio Rank: 17
MJ Sortino Ratio Rank: 39
MJ Omega Ratio Rank: 29
MJ Calmar Ratio Rank: 21
MJ Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIEQ vs. MJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AI Powered Equity ETF (AIEQ) and ETFMG Alternative Harvest ETF (MJ). 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.

	AIEQ	MJ	Difference
Sharpe ratio Return per unit of total volatility	0.79	0.24	+0.55
Sortino ratio Return per unit of downside risk	1.28	1.16	+0.12
Omega ratio Gain probability vs. loss probability	1.20	1.13	+0.08
Calmar ratio Return relative to maximum drawdown	1.21	0.44	+0.78
Martin ratio Return relative to average drawdown	5.89	0.91	+4.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIEQ vs. MJ - Sharpe Ratio Comparison

The current AIEQ Sharpe Ratio is 0.79, which is higher than the MJ Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of AIEQ and MJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AIEQ	MJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	0.24	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	-0.51	+1.07

Correlation

The correlation between AIEQ and MJ is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AIEQ vs. MJ - Dividend Comparison

AIEQ's dividend yield for the trailing twelve months is around 0.45%, less than MJ's 2.55% yield.

	TTM	2025	2024
AIEQ AI Powered Equity ETF	0.45%	0.43%	0.65%
MJ ETFMG Alternative Harvest ETF	2.55%	1.98%	13.80%

Drawdowns

AIEQ vs. MJ - Drawdown Comparison

The maximum AIEQ drawdown since its inception was -24.19%, smaller than the maximum MJ drawdown of -96.55%. Use the drawdown chart below to compare losses from any high point for AIEQ and MJ.

Drawdown Indicators

	AIEQ	MJ	Difference
Max Drawdown Largest peak-to-trough decline	-24.19%	-96.55%	+72.36%
Max Drawdown (1Y) Largest decline over 1 year	-15.35%	-48.66%	+33.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-93.52%	—
Current Drawdown Current decline from peak	-5.85%	-94.98%	+89.13%
Average Drawdown Average peak-to-trough decline	-3.50%	-68.67%	+65.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	23.24%	-20.07%

Volatility

AIEQ vs. MJ - Volatility Comparison

The current volatility for AI Powered Equity ETF (AIEQ) is 5.35%, while ETFMG Alternative Harvest ETF (MJ) has a volatility of 18.45%. This indicates that AIEQ experiences smaller price fluctuations and is considered to be less risky than MJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIEQ	MJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	18.45%	-13.10%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	59.03%	-49.27%
Volatility (1Y) Calculated over the trailing 1-year period	21.59%	84.93%	-63.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	58.89%	-38.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.93%	55.43%	-35.50%