MJ vs. MNY.TO
Compare and contrast key facts about ETFMG Alternative Harvest ETF (MJ) and Purpose Cash Management Fund (MNY.TO).
MJ and MNY.TO 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. MNY.TO is an actively managed fund by Purpose Investments. It was launched on Sep 14, 2022.
Performance
MJ vs. MNY.TO - Performance Comparison
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MJ vs. MNY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | -22.26% | 13.07% | -23.97% | -24.18% | -23.66% |
MNY.TO Purpose Cash Management Fund | -0.63% | 7.97% | -3.58% | 7.42% | -1.37% |
Different Trading Currencies
MJ is traded in USD, while MNY.TO is traded in CAD. To make them comparable, the MNY.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MJ achieves a -22.26% return, which is significantly lower than MNY.TO's -0.63% return.
MJ
- 1D
- 0.61%
- 1M
- -6.54%
- YTD
- -22.26%
- 6M
- -35.70%
- 1Y
- 20.31%
- 3Y*
- -15.04%
- 5Y*
- -37.64%
- 10Y*
- —
MNY.TO
- 1D
- 0.11%
- 1M
- -1.29%
- YTD
- -0.63%
- 6M
- 1.64%
- 1Y
- 5.74%
- 3Y*
- 3.12%
- 5Y*
- —
- 10Y*
- —
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MJ vs. MNY.TO - Expense Ratio Comparison
MJ has a 0.75% expense ratio, which is higher than MNY.TO's 0.22% expense ratio.
Return for Risk
MJ vs. MNY.TO — Risk / Return Rank
MJ
MNY.TO
MJ vs. MNY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and Purpose Cash Management Fund (MNY.TO). 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 | MNY.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 1.11 | -0.87 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.83 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.44 | 2.23 | -1.79 |
Martin ratioReturn relative to average drawdown | 0.91 | 4.87 | -3.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MJ | MNY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.11 | -0.87 |
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 | 0.44 | -0.95 |
Correlation
The correlation between MJ and MNY.TO is 0.26, 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. MNY.TO - Dividend Comparison
MJ's dividend yield for the trailing twelve months is around 2.55%, less than MNY.TO's 2.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | 2.55% | 1.98% | 13.80% | 0.00% | 0.00% |
MNY.TO Purpose Cash Management Fund | 2.67% | 2.93% | 4.71% | 4.85% | 1.47% |
Drawdowns
MJ vs. MNY.TO - Drawdown Comparison
The maximum MJ drawdown since its inception was -96.55%, which is greater than MNY.TO's maximum drawdown of -6.22%. Use the drawdown chart below to compare losses from any high point for MJ and MNY.TO.
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Drawdown Indicators
| MJ | MNY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.55% | -0.24% | -96.31% |
Max Drawdown (1Y)Largest decline over 1 year | -48.66% | -0.04% | -48.62% |
Max Drawdown (5Y)Largest decline over 5 years | -93.52% | — | — |
Current DrawdownCurrent decline from peak | -94.98% | 0.00% | -94.98% |
Average DrawdownAverage peak-to-trough decline | -68.67% | 0.00% | -68.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.24% | 0.00% | +23.24% |
Volatility
MJ vs. MNY.TO - Volatility Comparison
ETFMG Alternative Harvest ETF (MJ) has a higher volatility of 18.45% compared to Purpose Cash Management Fund (MNY.TO) at 1.37%. This indicates that MJ's price experiences larger fluctuations and is considered to be riskier than MNY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MJ | MNY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.45% | 1.37% | +17.08% |
Volatility (6M)Calculated over the trailing 6-month period | 59.03% | 3.35% | +55.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.93% | 5.22% | +79.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.89% | 5.97% | +52.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.43% | 5.97% | +49.46% |