MJ vs. DIVO

Last updated Apr 1, 2026

Compare and contrast key facts about ETFMG Alternative Harvest ETF (MJ) and Amplify CWP Enhanced Dividend Income ETF (DIVO).

MJ and DIVO 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. DIVO is an actively managed fund by Amplify. It was launched on Dec 13, 2016.

Performance

MJ vs. DIVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Alternative Harvest ETF (MJ) and Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

MJ vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MJ ETFMG Alternative Harvest ETF	-22.73%	13.07%	-23.97%	-24.18%	-61.55%	-22.79%	-16.18%	-31.36%	-22.57%
DIVO Amplify CWP Enhanced Dividend Income ETF	2.01%	17.40%	16.22%	6.95%	-1.46%	22.87%	12.40%	24.90%	-3.58%

Returns By Period

In the year-to-date period, MJ achieves a -22.73% return, which is significantly lower than DIVO's 2.01% return.

MJ

• 1D: 9.36%
• 1M: -11.33%
• YTD: -22.73%
• 6M: -37.17%
• 1Y: 20.44%
• 3Y*: -15.21%
• 5Y*: -37.72%
• 10Y*: —

DIVO

• 1D: 1.93%
• 1M: -3.36%
• YTD: 2.01%
• 6M: 4.92%
• 1Y: 17.49%
• 3Y*: 14.14%
• 5Y*: 10.98%
• 10Y*: —

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

MJ vs. DIVO - Expense Ratio Comparison

MJ has a 0.75% expense ratio, which is higher than DIVO's 0.56% expense ratio.

MJ

ETFMG Alternative Harvest ETF

DIVO

Amplify CWP Enhanced Dividend Income ETF

Return for Risk

MJ vs. DIVO — Risk / Return Rank

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

MJ

MJ Risk / Return Rank: 27
MJ Sharpe Ratio Rank: 19
MJ Sortino Ratio Rank: 44
MJ Omega Ratio Rank: 33
MJ Calmar Ratio Rank: 21
MJ Martin Ratio Rank: 18

DIVO

DIVO Risk / Return Rank: 80
DIVO Sharpe Ratio Rank: 77
DIVO Sortino Ratio Rank: 79
DIVO Omega Ratio Rank: 80
DIVO Calmar Ratio Rank: 79
DIVO Martin Ratio Rank: 87

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.

MJ vs. DIVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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.

	MJ	DIVO	Difference
Sharpe ratio Return per unit of total volatility	0.24	1.34	-1.10
Sortino ratio Return per unit of downside risk	1.16	1.96	-0.80
Omega ratio Gain probability vs. loss probability	1.13	1.29	-0.16
Calmar ratio Return relative to maximum drawdown	0.38	2.03	-1.65
Martin ratio Return relative to average drawdown	0.81	9.67	-8.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MJ vs. DIVO - Sharpe Ratio Comparison

The current MJ Sharpe Ratio is 0.24, which is lower than the DIVO Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of MJ and DIVO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MJ	DIVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	1.34	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.64	0.92	-1.57
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	0.83	-1.34

Correlation

The correlation between MJ and DIVO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MJ vs. DIVO - Dividend Comparison

MJ's dividend yield for the trailing twelve months is around 2.57%, less than DIVO's 6.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MJ ETFMG Alternative Harvest ETF	2.57%	1.98%	13.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIVO Amplify CWP Enhanced Dividend Income ETF	6.49%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%

Drawdowns

MJ vs. DIVO - Drawdown Comparison

The maximum MJ drawdown since its inception was -96.55%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for MJ and DIVO.

Drawdown Indicators

	MJ	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-96.55%	-30.04%	-66.51%
Max Drawdown (1Y) Largest decline over 1 year	-48.66%	-9.21%	-39.45%
Max Drawdown (5Y) Largest decline over 5 years	-93.52%	-13.72%	-79.80%
Current Drawdown Current decline from peak	-95.01%	-4.13%	-90.88%
Average Drawdown Average peak-to-trough decline	-68.66%	-2.62%	-66.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.07%	1.93%	+21.14%

Volatility

MJ vs. DIVO - Volatility Comparison

ETFMG Alternative Harvest ETF (MJ) has a higher volatility of 18.42% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 3.57%. This indicates that MJ's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MJ	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.42%	3.57%	+14.85%
Volatility (6M) Calculated over the trailing 6-month period	59.20%	7.01%	+52.19%
Volatility (1Y) Calculated over the trailing 1-year period	84.94%	13.17%	+71.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.89%	11.93%	+46.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.44%	14.93%	+40.51%