CNBS vs. MJ
Compare and contrast key facts about Amplify Seymour Cannabis ETF (CNBS) and ETFMG Alternative Harvest ETF (MJ).
CNBS and MJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNBS is an actively managed fund by Amplify Investments. It was launched on Jul 23, 2019. 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: CNBS or MJ.
Performance
CNBS vs. MJ - Performance Comparison
Returns By Period
In the year-to-date period, CNBS achieves a -23.28% return, which is significantly lower than MJ's -14.73% return.
CNBS
-23.28%
-31.26%
-33.28%
-20.68%
-25.67%
N/A
MJ
-14.73%
-26.38%
-28.00%
-10.52%
-28.81%
N/A
Key characteristics
| CNBS | MJ | |
|---|---|---|
| Sharpe Ratio | -0.33 | -0.17 |
| Sortino Ratio | -0.09 | 0.16 |
| Omega Ratio | 0.99 | 1.02 |
| Calmar Ratio | -0.22 | -0.11 |
| Martin Ratio | -0.84 | -0.48 |
| Ulcer Index | 24.14% | 21.45% |
| Daily Std Dev | 61.38% | 59.04% |
| Max Drawdown | -92.39% | -92.53% |
| Current Drawdown | -91.79% | -92.22% |
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CNBS vs. MJ - Expense Ratio Comparison
Both CNBS and MJ have an expense ratio of 0.75%.
Correlation
The correlation between CNBS and MJ is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CNBS vs. MJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Seymour Cannabis ETF (CNBS) 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
CNBS vs. MJ - Dividend Comparison
CNBS has not paid dividends to shareholders, while MJ's dividend yield for the trailing twelve months is around 13.46%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
CNBS Amplify Seymour Cannabis ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.58% | 0.58% | 0.00% | 0.00% | 0.00% |
MJ ETFMG Alternative Harvest ETF | 13.46% | 3.59% | 4.13% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% |
Drawdowns
CNBS vs. MJ - Drawdown Comparison
The maximum CNBS drawdown since its inception was -92.39%, roughly equal to the maximum MJ drawdown of -92.53%. Use the drawdown chart below to compare losses from any high point for CNBS and MJ. For additional features, visit the drawdowns tool.
Volatility
CNBS vs. MJ - Volatility Comparison
Amplify Seymour Cannabis ETF (CNBS) has a higher volatility of 29.32% compared to ETFMG Alternative Harvest ETF (MJ) at 23.43%. This indicates that CNBS's price experiences larger fluctuations and is considered to be riskier than MJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.