MJ vs. FPX
Compare and contrast key facts about ETFMG Alternative Harvest ETF (MJ) and First Trust US Equity Opportunities ETF (FPX).
MJ and FPX 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. 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. Both MJ and FPX 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: MJ or FPX.
Performance
MJ vs. FPX - Performance Comparison
Returns By Period
In the year-to-date period, MJ achieves a -13.72% return, which is significantly lower than FPX's 29.80% return.
MJ
-13.72%
-20.92%
-33.02%
-8.88%
-29.48%
N/A
FPX
29.80%
8.64%
19.47%
43.50%
10.15%
10.21%
Key characteristics
| MJ | FPX | |
|---|---|---|
| Sharpe Ratio | -0.15 | 2.09 |
| Sortino Ratio | 0.21 | 2.83 |
| Omega Ratio | 1.03 | 1.35 |
| Calmar Ratio | -0.09 | 1.26 |
| Martin Ratio | -0.41 | 9.97 |
| Ulcer Index | 21.10% | 4.48% |
| Daily Std Dev | 59.03% | 21.42% |
| Max Drawdown | -92.53% | -56.29% |
| Current Drawdown | -92.13% | -7.26% |
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MJ vs. FPX - Expense Ratio Comparison
MJ has a 0.75% expense ratio, which is higher than FPX's 0.57% expense ratio.
Correlation
The correlation between MJ and FPX 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.
Risk-Adjusted Performance
MJ vs. FPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and First Trust US Equity Opportunities ETF (FPX). 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. FPX - Dividend Comparison
MJ's dividend yield for the trailing twelve months is around 13.31%, more than FPX's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | 13.31% | 3.59% | 4.13% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
MJ vs. FPX - Drawdown Comparison
The maximum MJ drawdown since its inception was -92.53%, which is greater than FPX's maximum drawdown of -56.29%. Use the drawdown chart below to compare losses from any high point for MJ and FPX. For additional features, visit the drawdowns tool.
Volatility
MJ vs. FPX - Volatility Comparison
ETFMG Alternative Harvest ETF (MJ) has a higher volatility of 24.76% compared to First Trust US Equity Opportunities ETF (FPX) at 7.70%. This indicates that MJ's price experiences larger fluctuations and is considered to be riskier than FPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.