MJ vs. MSOS
Compare and contrast key facts about ETFMG Alternative Harvest ETF (MJ) and AdvisorShares Pure US Cannabis ETF (MSOS).
MJ and MSOS 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. MSOS is an actively managed fund by AdvisorShares. It was launched on Sep 1, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MJ or MSOS.
Key characteristics
| MJ | MSOS | |
|---|---|---|
| YTD Return | 20.33% | 28.67% |
| 1Y Return | 21.15% | 63.11% |
| 3Y Return (Ann) | -41.89% | -40.55% |
| Sharpe Ratio | 0.39 | 0.86 |
| Daily Std Dev | 53.48% | 71.58% |
| Max Drawdown | -92.53% | -91.24% |
| Current Drawdown | -89.02% | -83.61% |
Correlation
The correlation between MJ and MSOS is 0.72, 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. MSOS - Performance Comparison
In the year-to-date period, MJ achieves a 20.33% return, which is significantly lower than MSOS's 28.67% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MJ vs. MSOS - Expense Ratio Comparison
MJ has a 0.75% expense ratio, which is higher than MSOS's 0.74% expense ratio.
Risk-Adjusted Performance
MJ vs. MSOS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and AdvisorShares Pure US Cannabis ETF (MSOS). 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. MSOS - Dividend Comparison
MJ's dividend yield for the trailing twelve months is around 4.48%, while MSOS has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | 4.48% | 3.59% | 4.12% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% |
MSOS AdvisorShares Pure US Cannabis ETF | 0.00% | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MJ vs. MSOS - Drawdown Comparison
The maximum MJ drawdown since its inception was -92.53%, roughly equal to the maximum MSOS drawdown of -91.24%. Use the drawdown chart below to compare losses from any high point for MJ and MSOS. For additional features, visit the drawdowns tool.
Volatility
MJ vs. MSOS - Volatility Comparison
The current volatility for ETFMG Alternative Harvest ETF (MJ) is 16.74%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 19.73%. This indicates that MJ experiences smaller price fluctuations and is considered to be less risky than MSOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.