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.
Correlation
The correlation between MJ and MSOS is 0.32, 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.
Performance
MJ vs. MSOS - Performance Comparison
Key characteristics
MJ:
-0.96
MSOS:
-0.87
MJ:
-1.56
MSOS:
-1.45
MJ:
0.81
MSOS:
0.82
MJ:
-0.55
MSOS:
-0.71
MJ:
-1.28
MSOS:
-1.27
MJ:
41.23%
MSOS:
53.51%
MJ:
55.54%
MSOS:
78.18%
MJ:
-96.12%
MSOS:
-96.20%
MJ:
-95.15%
MSOS:
-94.90%
Returns By Period
In the year-to-date period, MJ achieves a -24.55% return, which is significantly higher than MSOS's -26.25% return.
MJ
-24.55%
-0.15%
-49.90%
-52.57%
-30.92%
N/A
MSOS
-26.25%
4.46%
-62.98%
-68.00%
N/A
N/A
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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 Rank
MJ
MSOS
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 15.03%, while MSOS has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | 15.03% | 13.84% | 3.59% | 4.13% | 1.93% | 4.60% | 5.26% | 2.23% | 1.98% | 1.35% |
MSOS AdvisorShares Pure US Cannabis ETF | 0.00% | 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 -96.12%, roughly equal to the maximum MSOS drawdown of -96.20%. 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 19.26%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 27.11%. 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.