MJ vs. CVSM
MJ (ETFMG Alternative Harvest ETF) and CVSM (CresAlta Small & Mid-Cap ETF) are both Small Cap Blend Equities funds. MJ is passively managed, while CVSM is actively managed. At a 0.22 correlation, their price movements are largely independent. MJ charges 0.75%/yr vs 0.55%/yr for CVSM.
Performance
MJ vs. CVSM - Performance Comparison
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Returns By Period
MJ
- 1D
- 0.98%
- 1M
- -5.74%
- 6M
- -21.83%
- YTD
- -20.11%
- 1Y
- 21.05%
- 3Y*
- -10.46%
- 5Y*
- -34.03%
- 10Y*
- —
CVSM
- 1D
- 1.17%
- 1M
- 0.85%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MJ vs. CVSM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MJ ETFMG Alternative Harvest ETF | -4.42% |
CVSM CresAlta Small & Mid-Cap ETF | 4.32% |
Correlation
The correlation between MJ and CVSM is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 18, 2026 | 0.22 |
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Return for Risk
MJ vs. CVSM — Risk / Return Rank
MJ
CVSM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MJ vs. CVSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and CresAlta Small & Mid-Cap ETF (CVSM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MJ | CVSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | — | — |
| Martin ratioReturn relative to average drawdown | 0.70 | — | — |
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Drawdowns
MJ vs. CVSM - Drawdown Comparison
The maximum MJ drawdown since its inception was -96.55%, which is greater than CVSM's maximum drawdown of -3.36%. Use the drawdown chart below to compare losses from any high point for MJ and CVSM.
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Drawdown Indicators
| MJ | CVSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.55% | -3.36% | -93.19% |
Max Drawdown (1Y)Largest decline over 1 year | -48.66% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -69.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -92.00% | — | — |
Current DrawdownCurrent decline from peak | -94.84% | -0.33% | -94.51% |
Average DrawdownAverage peak-to-trough decline | -69.53% | -1.01% | -68.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.08% | — | — |
Volatility
MJ vs. CVSM - Volatility Comparison
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Volatility by Period
| MJ | CVSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.45% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 39.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 86.44% | 11.11% | +75.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.05% | 11.11% | +48.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.56% | 11.11% | +44.45% |
MJ vs. CVSM - Expense Ratio Comparison
MJ has a 0.75% expense ratio, which is higher than CVSM's 0.55% expense ratio.
Dividends
MJ vs. CVSM - Dividend Comparison
MJ's dividend yield for the trailing twelve months is around 2.48%, more than CVSM's 0.23% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CVSM CresAlta Small & Mid-Cap ETF | 0.23% | 0.00% | 0.00% |
MJ ETFMG Alternative Harvest ETF | 2.48% | 1.98% | 13.80% |
Frequently Asked Questions
MJ and CVSM have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CVSM is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CVSM is cheaper with a 0.55% expense ratio, compared with 0.75% for MJ.
MJ has the higher dividend yield at 2.48%, compared with 0.23% for CVSM.
They also come from different issuers: ETFMG and CresAlta. Their fees differ too: 0.75% for MJ and 0.55% for CVSM.
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