MJ vs. IVES

Last updated Jun 4, 2026

MJ (ETFMG Alternative Harvest ETF) and IVES (Dan IVES Wedbush AI Revolution ETF) are both exchange-traded funds - MJ is a Small Cap Blend Equities fund tracking the Prime Alternative Harvest Index, while IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

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.

Returns By Period

In the year-to-date period, MJ achieves a -14.07% return, which is significantly lower than IVES's 27.14% return.

MJ

• 1D: -3.25%
• 1M: -5.09%
• YTD: -14.07%
• 6M: 1.76%
• 1Y: 40.95%
• 3Y*: -7.86%
• 5Y*: -35.31%
• 10Y*: —

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MJ vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
MJ ETFMG Alternative Harvest ETF	-14.07%	64.46%
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	25.06%

Correlation

The correlation between MJ and IVES is 0.31, 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 Jun 5, 2025	0.31

MJ vs. IVES - Sectors Allocation Comparison

Sectors	MJ	IVES
Healthcare	76.5%	-
Consumer Defensive	18.6%	-
Real Estate	3.0%	-
Consumer Cyclical	0.9%	12.9%
Technology	0.6%	67.8%
Financial Services	0.3%	1.7%
Basic Materials	-	-
Communication Services	-	11.8%
Energy	-	-
Industrials	-	4.3%
Utilities	-	1.7%

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: 21
MJ Sharpe Ratio Rank: 16
MJ Sortino Ratio Rank: 27
MJ Omega Ratio Rank: 25
MJ Calmar Ratio Rank: 19
MJ Martin Ratio Rank: 16

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	0.47	—	—
Sortino ratio: Return per unit of downside risk	1.51	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	0.85	—	—
Martin ratio: Return relative to average drawdown	1.52	—	—
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	0.47	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	2.32	-2.80

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 (3Y) Largest decline over 3 years	-69.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-93.27%	—	—
Current Drawdown Current decline from peak	-94.45%	-3.69%	-90.76%
Average Drawdown Average peak-to-trough decline	-69.20%	-5.63%	-63.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.08%	—	—

Volatility

Volatility by Period

	MJ	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	59.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	86.70%	25.77%	+60.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.89%	25.77%	+34.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.74%	25.77%	+29.97%

MJ vs. IVES - Expense Ratio Comparison

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

Dividends

MJ vs. IVES - Dividend Comparison

MJ's dividend yield for the trailing twelve months is around 2.31%, more than IVES's 0.33% yield.

Position	TTM	2025	2024
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%	0.00%
MJ ETFMG Alternative Harvest ETF	2.31%	1.98%	13.80%

Frequently Asked Questions

Can I hold both MJ and IVES in my portfolio?

MJ and IVES have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MJ or IVES?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MJ or IVES?

MJ and IVES have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, MJ or IVES?

MJ has the higher dividend yield at 2.31%, compared with 0.33% for IVES.

What is the main difference between MJ and IVES?

MJ is categorized as Small Cap Blend Equities, while IVES is Technology Equities. MJ tracks Prime Alternative Harvest Index, while IVES tracks Solactive Wedbush Artificial Intelligence Index. They also come from different issuers: ETFMG and Wedbush.