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.
Correlation
The correlation between ARKX and MJ is 0.58, 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
Key characteristics
ARKX:
1.32
MJ:
-0.29
ARKX:
1.89
MJ:
-0.05
ARKX:
1.23
MJ:
0.99
ARKX:
0.82
MJ:
-0.18
ARKX:
5.50
MJ:
-0.68
ARKX:
5.13%
MJ:
25.20%
ARKX:
21.41%
MJ:
58.26%
ARKX:
-43.61%
MJ:
-93.14%
ARKX:
-7.74%
MJ:
-93.11%
Returns By Period
In the year-to-date period, ARKX achieves a 27.19% return, which is significantly higher than MJ's -24.46% return.
ARKX
27.19%
4.09%
31.63%
27.03%
N/A
N/A
MJ
-24.46%
-10.71%
-33.58%
-21.24%
-30.19%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ARKX vs. MJ - Expense Ratio Comparison
Both ARKX and MJ have an expense ratio of 0.75%.
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 15.20%.
| 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 | 15.20% | 3.59% | 4.13% | 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 -93.14%. 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
ARK Space Exploration & Innovation ETF (ARKX) and ETFMG Alternative Harvest ETF (MJ) have volatilities of 9.14% and 9.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.