AWAY vs. MJ

Last updated Jun 4, 2026

AWAY (ETFMG Travel Tech ETF) and MJ (ETFMG Alternative Harvest ETF) are both exchange-traded funds - AWAY is a Consumer Discretionary Equities fund tracking the Prime Travel Technology Index, while MJ is a Small Cap Blend Equities fund tracking the Prime Alternative Harvest Index. Both are passively managed. Over the past 5 years, AWAY returned -11.20%/yr vs -35.31%/yr for MJ. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

AWAY vs. MJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Travel Tech ETF (AWAY) 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, AWAY achieves a -16.40% return, which is significantly lower than MJ's -14.07% return.

AWAY

• 1D: -2.20%
• 1M: -1.42%
• YTD: -16.40%
• 6M: -17.29%
• 1Y: -18.42%
• 3Y*: 0.30%
• 5Y*: -11.20%
• 10Y*: —

MJ

• 1D: -3.25%
• 1M: -5.09%
• YTD: -14.07%
• 6M: 1.76%
• 1Y: 40.95%
• 3Y*: -7.86%
• 5Y*: -35.31%
• 10Y*: —

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

AWAY vs. MJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AWAY ETFMG Travel Tech ETF	-16.40%	-3.36%	10.44%	17.94%	-32.25%	-5.91%	4.41%
MJ ETFMG Alternative Harvest ETF	-14.07%	13.07%	-23.97%	-24.18%	-61.55%	-22.79%	-9.41%

Correlation

The correlation between AWAY and MJ is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020	0.51

Over the past year, the correlation between AWAY and MJ has dropped to 0.29 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

AWAY vs. MJ - Sectors Allocation Comparison

Sectors	AWAY	MJ
Consumer Cyclical	63.7%	0.9%
Technology	30.0%	0.6%
Communication Services	4.0%	-
Industrials	1.0%	-
Financial Services	0.2%	0.3%
Basic Materials	-	-
Consumer Defensive	-	18.6%
Energy	-	-
Healthcare	-	76.5%
Real Estate	-	3.0%
Utilities	-	-

Return for Risk

AWAY vs. MJ — Risk / Return Rank

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

AWAY

AWAY Risk / Return Rank: 3
AWAY Sharpe Ratio Rank: 2
AWAY Sortino Ratio Rank: 3
AWAY Omega Ratio Rank: 3
AWAY Calmar Ratio Rank: 4
AWAY Martin Ratio Rank: 3

MJ

MJ Risk / Return Rank: 21
MJ Sharpe Ratio Rank: 16
MJ Sortino Ratio Rank: 27
MJ Omega Ratio Rank: 25
MJ Calmar Ratio Rank: 19
MJ Martin Ratio Rank: 16

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.

AWAY vs. MJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Travel Tech ETF (AWAY) 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.

	AWAY	MJ	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	0.47	-1.30
Sortino ratio: Return per unit of downside risk	-1.07	1.51	-2.58
Omega ratio: Gain probability vs. loss probability	0.88	1.17	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.56	0.85	-1.41
Martin ratio: Return relative to average drawdown	-1.13	1.52	-2.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AWAY vs. MJ - Sharpe Ratio Comparison

The current AWAY Sharpe Ratio is -0.83, which is lower than the MJ Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of AWAY 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

	AWAY	MJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.83	0.47	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.42	-0.59	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	-0.48	+0.31

Drawdowns

AWAY vs. MJ - Drawdown Comparison

The maximum AWAY drawdown since its inception was -56.57%, smaller than the maximum MJ drawdown of -96.55%. Use the drawdown chart below to compare losses from any high point for AWAY and MJ.

Drawdown Indicators

	AWAY	MJ	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-96.55%	+39.98%
Max Drawdown (1Y) Largest decline over 1 year	-32.83%	-48.66%	+15.83%
Max Drawdown (3Y) Largest decline over 3 years	-32.83%	-69.73%	+36.90%
Max Drawdown (5Y) Largest decline over 5 years	-52.49%	-93.27%	+40.78%
Current Drawdown Current decline from peak	-49.57%	-94.45%	+44.88%
Average Drawdown Average peak-to-trough decline	-36.15%	-69.20%	+33.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.33%	27.08%	-10.75%

Volatility

AWAY vs. MJ - Volatility Comparison

The current volatility for ETFMG Travel Tech ETF (AWAY) is 7.18%, while ETFMG Alternative Harvest ETF (MJ) has a volatility of 11.92%. This indicates that AWAY 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

	AWAY	MJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	11.92%	-4.74%
Volatility (6M) Calculated over the trailing 6-month period	17.95%	59.46%	-41.51%
Volatility (1Y) Calculated over the trailing 1-year period	22.36%	86.70%	-64.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.82%	59.89%	-33.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.81%	55.74%	-23.93%

AWAY vs. MJ - Expense Ratio Comparison

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

Dividends

AWAY vs. MJ - Dividend Comparison

AWAY has not paid dividends to shareholders, while MJ's dividend yield for the trailing twelve months is around 2.31%.

Position	TTM	2025	2024	2023	2022	2021	2020
AWAY ETFMG Travel Tech ETF	0.00%	0.00%	0.28%	0.00%	0.00%	0.00%	0.04%
MJ ETFMG Alternative Harvest ETF	2.31%	1.98%	13.80%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AWAY and MJ in my portfolio?

AWAY and MJ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AWAY or MJ?

MJ has higher volatility (11.92%) compared to AWAY (7.18%). In terms of maximum drawdown, AWAY dropped -56.57% vs MJ's -96.55%.

Which ETF is better, AWAY or MJ?

On 5-year performance, AWAY leads with -11.20% vs -35.31% for MJ. Both ETFs have the same 0.75% expense ratio. On volatility, AWAY has been the lower-risk option at 7.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AWAY or MJ?

Over the 5-year period, AWAY has performed better with a -11.20% return vs -35.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AWAY or MJ?

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

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

MJ has the higher dividend yield at 2.31%, compared with 0.00% for AWAY.

What is the main difference between AWAY and MJ?

AWAY is categorized as Consumer Discretionary Equities, while MJ is Small Cap Blend Equities. AWAY tracks Prime Travel Technology Index, while MJ tracks Prime Alternative Harvest Index.

Which has better risk-adjusted returns?

MJ currently has the higher Sharpe Ratio (0.47 vs -0.83), 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.