ARKX vs. MJ

Last updated Jun 6, 2026

ARKX (ARK Space Exploration & Innovation ETF) and MJ (ETFMG Alternative Harvest ETF) are both exchange-traded funds - ARKX is a Aerospace & Defense fund actively managed by ARK, while MJ is a Small Cap Blend Equities fund tracking the Prime Alternative Harvest Index. ARKX is actively managed, while MJ is passively managed. Over the past 5 years, ARKX returned 10.39%/yr vs -34.61%/yr for MJ. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

ARKX vs. MJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Space Exploration & Innovation ETF (ARKX) and ETFMG Alternative Harvest ETF (MJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKX achieves a 17.46% return, which is significantly higher than MJ's -9.30% return.

ARKX

• 1D: -6.38%
• 1M: 0.65%
• YTD: 17.46%
• 6M: 19.82%
• 1Y: 62.33%
• 3Y*: 33.13%
• 5Y*: 10.39%
• 10Y*: —

MJ

• 1D: 0.41%
• 1M: -3.36%
• YTD: -9.30%
• 6M: 6.35%
• 1Y: 49.17%
• 3Y*: -6.39%
• 5Y*: -34.61%
• 10Y*: —

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

ARKX vs. MJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ARKX ARK Space Exploration & Innovation ETF	17.46%	48.46%	26.67%	24.37%	-34.27%	-7.14%
MJ ETFMG Alternative Harvest ETF	-9.30%	13.07%	-23.97%	-24.18%	-61.55%	-50.45%

Correlation

The correlation between ARKX and MJ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Mar 31, 2021	0.52

The correlation between ARKX and MJ shifts across timeframes, from 0.37 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

ARKX vs. MJ - Sectors Allocation Comparison

Sectors	ARKX	MJ
Industrials	55.7%	-
Technology	27.4%	0.6%
Consumer Cyclical	7.8%	0.9%
Communication Services	7.6%	-
Healthcare	1.5%	76.5%
Basic Materials	0.0%	-
Consumer Defensive	-	18.6%
Energy	-	-
Financial Services	-	0.3%
Real Estate	-	3.0%
Utilities	-	-

Return for Risk

ARKX vs. MJ — Risk / Return Rank

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

ARKX

ARKX Risk / Return Rank: 54
ARKX Sharpe Ratio Rank: 57
ARKX Sortino Ratio Rank: 52
ARKX Omega Ratio Rank: 48
ARKX Calmar Ratio Rank: 63
ARKX Martin Ratio Rank: 50

MJ

MJ Risk / Return Rank: 24
MJ Sharpe Ratio Rank: 19
MJ Sortino Ratio Rank: 31
MJ Omega Ratio Rank: 29
MJ Calmar Ratio Rank: 23
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.

ARKX vs. MJ - Risk-Adjusted Trends 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.

	ARKX	MJ	Difference
Sharpe ratio: Return per unit of total volatility	1.89	0.57	+1.32
Sortino ratio: Return per unit of downside risk	2.45	1.63	+0.81
Omega ratio: Gain probability vs. loss probability	1.29	1.19	+0.11
Calmar ratio: Return relative to maximum drawdown	3.07	1.02	+2.05
Martin ratio: Return relative to average drawdown	8.23	1.81	+6.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARKX vs. MJ - Sharpe Ratio Comparison

The current ARKX Sharpe Ratio is 1.89, which is higher than the MJ Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of ARKX and MJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARKX	MJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	0.57	+1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	-0.58	+0.95
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	-0.47	+0.86

Drawdowns

ARKX vs. MJ - Drawdown Comparison

The maximum ARKX drawdown since its inception was -43.61%, smaller than the maximum MJ drawdown of -96.55%. Use the drawdown chart below to compare losses from any high point for ARKX and MJ.

Drawdown Indicators

	ARKX	MJ	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-96.55%	+52.94%
Max Drawdown (1Y) Largest decline over 1 year	-20.42%	-48.66%	+28.24%
Max Drawdown (3Y) Largest decline over 3 years	-25.47%	-69.73%	+44.26%
Max Drawdown (5Y) Largest decline over 5 years	-43.61%	-93.27%	+49.66%
Current Drawdown Current decline from peak	-9.80%	-94.14%	+84.34%
Average Drawdown Average peak-to-trough decline	-19.97%	-69.23%	+49.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.60%	27.25%	-19.65%

Volatility

ARKX vs. MJ - Volatility Comparison

ARK Space Exploration & Innovation ETF (ARKX) and ETFMG Alternative Harvest ETF (MJ) have volatilities of 12.24% and 12.74%, 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.

Volatility by Period

	ARKX	MJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.24%	12.74%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	25.81%	59.52%	-33.71%
Volatility (1Y) Calculated over the trailing 1-year period	33.16%	86.83%	-53.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.86%	59.91%	-32.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.55%	55.74%	-28.19%

ARKX vs. MJ - Expense Ratio Comparison

Both ARKX and MJ have an expense ratio of 0.75%.

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 2.19%.

Position	TTM	2025	2024
ARKX ARK Space Exploration & Innovation ETF	0.00%	0.00%	0.00%
MJ ETFMG Alternative Harvest ETF	2.19%	1.98%	13.80%

Frequently Asked Questions

Can I hold both ARKX and MJ in my portfolio?

ARKX and MJ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARKX or MJ?

MJ has higher volatility (12.74%) compared to ARKX (12.24%). In terms of maximum drawdown, ARKX dropped -43.61% vs MJ's -96.55%.

Which ETF is better, ARKX or MJ?

On 5-year performance, ARKX leads with 10.39% vs -34.61% for MJ. Both ETFs have the same 0.75% expense ratio. On volatility, ARKX has been the lower-risk option at 12.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARKX or MJ?

Over the 5-year period, ARKX has performed better with a 10.39% return vs -34.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARKX or MJ?

ARKX and MJ have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, ARKX or MJ?

MJ has the higher dividend yield at 2.19%, compared with 0.00% for ARKX.

What is the main difference between ARKX and MJ?

ARKX is categorized as Aerospace & Defense, while MJ is Small Cap Blend Equities. They also come from different issuers: ARK and ETFMG.

Which has better risk-adjusted returns?

ARKX currently has the higher Sharpe Ratio (1.89 vs 0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.