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.
Correlation
The correlation between MJ and FPX is 0.47, 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
MJ vs. FPX - Performance Comparison
Key characteristics
MJ:
-1.21
FPX:
-0.15
MJ:
-2.34
FPX:
-0.01
MJ:
0.72
FPX:
1.00
MJ:
-0.68
FPX:
-0.14
MJ:
-1.71
FPX:
-0.53
MJ:
38.24%
FPX:
8.03%
MJ:
54.09%
FPX:
28.42%
MJ:
-95.80%
FPX:
-56.29%
MJ:
-95.80%
FPX:
-30.88%
Returns By Period
In the year-to-date period, MJ achieves a -34.71% return, which is significantly lower than FPX's -16.99% return.
MJ
-34.71%
-17.45%
-54.23%
-63.17%
-31.31%
N/A
FPX
-16.99%
-11.51%
-10.83%
-3.81%
9.65%
6.82%
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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.
Risk-Adjusted Performance
MJ vs. FPX — Risk-Adjusted Performance Rank
MJ
FPX
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 12.10%, more than FPX's 0.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | 12.10% | 8.11% | 1.89% | 2.63% | 1.27% | 2.81% | 2.04% | 0.53% | 1.84% | 1.35% | 0.00% | 0.00% |
FPX First Trust US Equity Opportunities ETF | 0.11% | 0.09% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% | 0.79% |
Drawdowns
MJ vs. FPX - Drawdown Comparison
The maximum MJ drawdown since its inception was -95.80%, 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
The current volatility for ETFMG Alternative Harvest ETF (MJ) is 11.77%, while First Trust US Equity Opportunities ETF (FPX) has a volatility of 15.69%. This indicates that MJ experiences smaller price fluctuations and is considered to be less risky than FPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.