ARKX vs. MJ
Compare and contrast key facts about ARK Space Exploration & Innovation ETF (ARKX) and ETFMG Alternative Harvest ETF (MJ).
ARKX and MJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKX is an actively managed fund by ARK Investment Management. It was launched on Mar 30, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKX or MJ.
Key characteristics
| ARKX | MJ | |
|---|---|---|
| YTD Return | -7.85% | 17.19% |
| 1Y Return | 4.80% | 18.34% |
| 3Y Return (Ann) | -12.23% | -42.14% |
| Sharpe Ratio | 0.16 | 0.28 |
| Daily Std Dev | 19.84% | 53.51% |
| Max Drawdown | -43.61% | -92.53% |
| Current Drawdown | -33.16% | -89.30% |
Correlation
The correlation between ARKX and MJ is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ARKX vs. MJ - Performance Comparison
In the year-to-date period, ARKX achieves a -7.85% return, which is significantly lower than MJ's 17.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ARKX vs. MJ - Expense Ratio Comparison
Risk-Adjusted Performance
ARKX vs. MJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Space Exploration & Innovation ETF (ARKX) 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.
Dividends
ARKX vs. MJ - Dividend Comparison
ARKX has not paid dividends to shareholders, while MJ's dividend yield for the trailing twelve months is around 4.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
ARKX ARK Space Exploration & Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MJ ETFMG Alternative Harvest ETF | 4.60% | 3.59% | 4.12% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% |
Drawdowns
ARKX vs. MJ - Drawdown Comparison
The maximum ARKX drawdown since its inception was -43.61%, smaller than the maximum MJ drawdown of -92.53%. Use the drawdown chart below to compare losses from any high point for ARKX and MJ. For additional features, visit the drawdowns tool.
Volatility
ARKX vs. MJ - Volatility Comparison
The current volatility for ARK Space Exploration & Innovation ETF (ARKX) is 5.00%, while ETFMG Alternative Harvest ETF (MJ) has a volatility of 23.24%. This indicates that ARKX 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.