MJ vs. IVES

Last updated Apr 1, 2026

Compare and contrast key facts about ETFMG Alternative Harvest ETF (MJ) and Dan IVES Wedbush AI Revolution ETF (IVES).

MJ and IVES 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. IVES is a passively managed fund by Wedbush that tracks the performance of the Solactive Wedbush Artificial Intelligence Index. It was launched on Jun 4, 2025. Both MJ and IVES are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MJ vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Alternative Harvest ETF (MJ) and Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

MJ vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
MJ ETFMG Alternative Harvest ETF	-22.73%	64.46%
IVES Dan IVES Wedbush AI Revolution ETF	-10.25%	25.06%

Returns By Period

In the year-to-date period, MJ achieves a -22.73% return, which is significantly lower than IVES's -10.25% return.

MJ

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

IVES

• 1D: 4.61%
• 1M: -4.73%
• YTD: -10.25%
• 6M: -11.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MJ vs. IVES - Expense Ratio Comparison

Both MJ and IVES have an expense ratio of 0.75%.

MJ

ETFMG Alternative Harvest ETF

IVES

Dan IVES Wedbush AI Revolution ETF

Return for Risk

MJ vs. IVES — 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

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. IVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and Dan IVES Wedbush AI Revolution ETF (IVES). 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	IVES	Difference
Sharpe ratio Return per unit of total volatility	0.24	—	—
Sortino ratio Return per unit of downside risk	1.16	—	—
Omega ratio Gain probability vs. loss probability	1.13	—	—
Calmar ratio Return relative to maximum drawdown	0.38	—	—
Martin ratio Return relative to average drawdown	0.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MJ	IVES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	0.61	-1.12

Correlation

The correlation between MJ and IVES is 0.27, 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. IVES - Dividend Comparison

MJ's dividend yield for the trailing twelve months is around 2.57%, more than IVES's 0.46% yield.

	TTM	2025	2024
MJ ETFMG Alternative Harvest ETF	2.57%	1.98%	13.80%
IVES Dan IVES Wedbush AI Revolution ETF	0.46%	0.41%	0.00%

Drawdowns

MJ vs. IVES - Drawdown Comparison

The maximum MJ drawdown since its inception was -96.55%, which is greater than IVES's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for MJ and IVES.

Drawdown Indicators

	MJ	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-96.55%	-22.64%	-73.91%
Max Drawdown (1Y) Largest decline over 1 year	-48.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-93.52%	—	—
Current Drawdown Current decline from peak	-95.01%	-19.07%	-75.94%
Average Drawdown Average peak-to-trough decline	-68.66%	-5.65%	-63.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.07%	—	—

Volatility

Volatility by Period

	MJ	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	59.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	84.94%	25.09%	+59.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.89%	25.09%	+33.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.44%	25.09%	+30.35%