MJ vs. CNBS
Compare and contrast key facts about ETFMG Alternative Harvest ETF (MJ) and Amplify Seymour Cannabis ETF (CNBS).
MJ and CNBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CNBS is an actively managed fund by Amplify Investments. It was launched on Jul 23, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MJ or CNBS.
Key characteristics
| MJ | CNBS | |
|---|---|---|
| YTD Return | 32.89% | 32.79% |
| 1Y Return | 37.10% | 45.38% |
| 3Y Return (Ann) | -39.53% | -40.28% |
| Sharpe Ratio | 0.59 | 0.75 |
| Daily Std Dev | 60.83% | 57.79% |
| Max Drawdown | -92.53% | -91.40% |
| Current Drawdown | -87.87% | -85.79% |
Correlation
The correlation between MJ and CNBS 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.
Performance
MJ vs. CNBS - Performance Comparison
The year-to-date returns for both stocks are quite close, with MJ having a 32.89% return and CNBS slightly lower at 32.79%. 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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MJ vs. CNBS - Expense Ratio Comparison
Both MJ and CNBS have an expense ratio of 0.75%.
Risk-Adjusted Performance
MJ vs. CNBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and Amplify Seymour Cannabis ETF (CNBS). 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
MJ vs. CNBS - Dividend Comparison
MJ's dividend yield for the trailing twelve months is around 4.06%, while CNBS has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | 4.06% | 3.59% | 4.12% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% |
CNBS Amplify Seymour Cannabis ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.58% | 0.58% | 0.00% | 0.00% | 0.00% |
Drawdowns
MJ vs. CNBS - Drawdown Comparison
The maximum MJ drawdown since its inception was -92.53%, roughly equal to the maximum CNBS drawdown of -91.40%. Use the drawdown chart below to compare losses from any high point for MJ and CNBS. For additional features, visit the drawdowns tool.
Volatility
MJ vs. CNBS - Volatility Comparison
ETFMG Alternative Harvest ETF (MJ) and Amplify Seymour Cannabis ETF (CNBS) have volatilities of 31.12% and 31.02%, 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.