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MJ vs. MSOS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MJ and MSOS is 0.75, 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.


-0.50.00.51.00.7

Performance

MJ vs. MSOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Alternative Harvest ETF (MJ) and AdvisorShares Pure US Cannabis ETF (MSOS). The values are adjusted to include any dividend payments, if applicable.

-50.00%-40.00%-30.00%-20.00%-10.00%0.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-32.97%
-52.25%
MJ
MSOS

Key characteristics

Sharpe Ratio

MJ:

-0.28

MSOS:

-0.50

Sortino Ratio

MJ:

-0.04

MSOS:

-0.32

Omega Ratio

MJ:

1.00

MSOS:

0.96

Calmar Ratio

MJ:

-0.18

MSOS:

-0.42

Martin Ratio

MJ:

-0.66

MSOS:

-1.17

Ulcer Index

MJ:

25.00%

MSOS:

33.79%

Daily Std Dev

MJ:

58.39%

MSOS:

79.98%

Max Drawdown

MJ:

-93.14%

MSOS:

-93.55%

Current Drawdown

MJ:

-93.04%

MSOS:

-93.26%

Returns By Period

In the year-to-date period, MJ achieves a -23.79% return, which is significantly higher than MSOS's -47.08% return.


MJ

YTD

-23.79%

1M

-11.67%

6M

-30.69%

1Y

-16.28%

5Y*

-30.01%

10Y*

N/A

MSOS

YTD

-47.08%

1M

-22.06%

6M

-49.52%

1Y

-38.06%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MJ vs. MSOS - Expense Ratio Comparison

MJ has a 0.75% expense ratio, which is higher than MSOS's 0.74% expense ratio.


MJ
ETFMG Alternative Harvest ETF
Expense ratio chart for MJ: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for MSOS: current value at 0.74% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.74%

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.


Sharpe ratio
The chart of Sharpe ratio for MJ, currently valued at -0.28, compared to the broader market0.002.004.00-0.28-0.50
The chart of Sortino ratio for MJ, currently valued at -0.04, compared to the broader market-2.000.002.004.006.008.0010.00-0.04-0.32
The chart of Omega ratio for MJ, currently valued at 1.00, compared to the broader market0.501.001.502.002.503.001.000.96
The chart of Calmar ratio for MJ, currently valued at -0.18, compared to the broader market0.005.0010.0015.00-0.18-0.42
The chart of Martin ratio for MJ, currently valued at -0.66, compared to the broader market0.0020.0040.0060.0080.00100.00-0.66-1.17
MJ
MSOS

The current MJ Sharpe Ratio is -0.28, which is higher than the MSOS Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of MJ and MSOS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.60-0.40-0.200.000.200.400.60JulyAugustSeptemberOctoberNovemberDecember
-0.28
-0.50
MJ
MSOS

Dividends

MJ vs. MSOS - Dividend Comparison

MJ's dividend yield for the trailing twelve months is around 15.07%, while MSOS has not paid dividends to shareholders.


TTM20232022202120202019201820172016
MJ
ETFMG Alternative Harvest ETF
15.07%3.59%4.13%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 -93.14%, roughly equal to the maximum MSOS drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for MJ and MSOS. For additional features, visit the drawdowns tool.


-94.00%-92.00%-90.00%-88.00%-86.00%JulyAugustSeptemberOctoberNovemberDecember
-91.94%
-93.26%
MJ
MSOS

Volatility

MJ vs. MSOS - Volatility Comparison

The current volatility for ETFMG Alternative Harvest ETF (MJ) is 9.05%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 16.73%. 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.


10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
9.05%
16.73%
MJ
MSOS
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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