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.
Performance
MJ vs. MJUS - Performance Comparison
Returns By Period
In the year-to-date period, MJ achieves a -14.73% return, which is significantly higher than MJUS's -36.40% return.
MJ
-14.73%
-26.38%
-28.00%
-10.52%
-28.81%
N/A
MJUS
-36.40%
-38.95%
-43.37%
-36.64%
N/A
N/A
Key characteristics
| MJ | MJUS | |
|---|---|---|
| Sharpe Ratio | -0.17 | -0.49 |
| Sortino Ratio | 0.16 | -0.32 |
| Omega Ratio | 1.02 | 0.96 |
| Calmar Ratio | -0.11 | -0.40 |
| Martin Ratio | -0.48 | -1.31 |
| Ulcer Index | 21.45% | 27.82% |
| Daily Std Dev | 59.04% | 74.55% |
| Max Drawdown | -92.53% | -90.90% |
| Current Drawdown | -92.22% | -90.08% |
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MJ vs. MJUS - Expense Ratio Comparison
Both MJ and MJUS have an expense ratio of 0.75%.
Correlation
The correlation between MJ and MJUS is 0.80, 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.
Risk-Adjusted Performance
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 13.46%, more than MJUS's 7.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | 13.46% | 3.59% | 4.13% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% |
MJUS ETFMG U.S. Alternative Harvest ETF | 7.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MJ vs. MJUS - Drawdown Comparison
The maximum MJ drawdown since its inception was -92.53%, roughly equal to the maximum MJUS drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for MJ and MJUS. For additional features, visit the drawdowns tool.
Volatility
MJ vs. MJUS - Volatility Comparison
The current volatility for ETFMG Alternative Harvest ETF (MJ) is 23.43%, while ETFMG U.S. Alternative Harvest ETF (MJUS) has a volatility of 40.35%. This indicates that MJ experiences smaller price fluctuations and is considered to be less risky than MJUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.