FPX vs. MJ
Compare and contrast key facts about First Trust US Equity Opportunities ETF (FPX) and ETFMG Alternative Harvest ETF (MJ).
FPX and MJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPX is a passively managed fund by First Trust that tracks the performance of the IPOX-100 U.S. Index. It was launched on Apr 12, 2006. 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. Both FPX and MJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPX or MJ.
Key characteristics
| FPX | MJ | |
|---|---|---|
| YTD Return | 29.42% | -10.70% |
| 1Y Return | 50.60% | -4.46% |
| 3Y Return (Ann) | -2.27% | -41.42% |
| 5Y Return (Ann) | 10.27% | -27.87% |
| Sharpe Ratio | 2.37 | -0.07 |
| Sortino Ratio | 3.18 | 0.33 |
| Omega Ratio | 1.40 | 1.04 |
| Calmar Ratio | 1.33 | -0.04 |
| Martin Ratio | 11.46 | -0.20 |
| Ulcer Index | 4.46% | 20.27% |
| Daily Std Dev | 21.60% | 59.25% |
| Max Drawdown | -56.29% | -92.53% |
| Current Drawdown | -7.53% | -91.85% |
Correlation
The correlation between FPX and MJ is 0.48, 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
FPX vs. MJ - Performance Comparison
In the year-to-date period, FPX achieves a 29.42% return, which is significantly higher than MJ's -10.70% 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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FPX vs. MJ - Expense Ratio Comparison
FPX has a 0.57% expense ratio, which is lower than MJ's 0.75% expense ratio.
Risk-Adjusted Performance
FPX vs. MJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Opportunities ETF (FPX) 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
FPX vs. MJ - Dividend Comparison
FPX's dividend yield for the trailing twelve months is around 0.02%, less than MJ's 12.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | 0.02% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% | 0.79% | 0.51% |
MJ ETFMG Alternative Harvest ETF | 12.86% | 3.59% | 4.13% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPX vs. MJ - Drawdown Comparison
The maximum FPX drawdown since its inception was -56.29%, smaller than the maximum MJ drawdown of -92.53%. Use the drawdown chart below to compare losses from any high point for FPX and MJ. For additional features, visit the drawdowns tool.
Volatility
FPX vs. MJ - Volatility Comparison
The current volatility for First Trust US Equity Opportunities ETF (FPX) is 7.11%, while ETFMG Alternative Harvest ETF (MJ) has a volatility of 24.76%. This indicates that FPX 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.