MJ vs. MJUS
Compare and contrast key facts about ETFMG Alternative Harvest ETF (MJ) and ETFMG U.S. Alternative Harvest ETF (MJUS).
MJ and MJUS 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. MJUS is an actively managed fund by ETFMG. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MJ or MJUS.
Correlation
The correlation between MJ and MJUS is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MJ vs. MJUS - Performance Comparison
Key characteristics
Returns By Period
MJ
-34.71%
-21.23%
-54.23%
-62.47%
-30.54%
N/A
MJUS
N/A
N/A
N/A
N/A
N/A
N/A
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MJ vs. MJUS - Expense Ratio Comparison
Both MJ and MJUS have an expense ratio of 0.75%.
Risk-Adjusted Performance
MJ vs. MJUS — Risk-Adjusted Performance Rank
MJ
MJUS
MJ vs. MJUS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and ETFMG U.S. Alternative Harvest ETF (MJUS). 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. MJUS - Dividend Comparison
MJ's dividend yield for the trailing twelve months is around 17.37%, while MJUS has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | 17.37% | 13.84% | 1.15% | 1.85% | 1.15% | 1.53% | 2.79% | 0.63% | 1.87% | 1.35% |
MJUS ETFMG U.S. Alternative Harvest ETF | 4.03% | 8.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MJ vs. MJUS - Drawdown Comparison
Volatility
MJ vs. MJUS - Volatility Comparison
ETFMG Alternative Harvest ETF (MJ) has a higher volatility of 11.77% compared to ETFMG U.S. Alternative Harvest ETF (MJUS) at 0.00%. This indicates that MJ's price experiences larger fluctuations and is considered to be riskier than MJUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.