MJ vs. SMCP

Last updated Jun 4, 2026

MJ (ETFMG Alternative Harvest ETF) and SMCP (AlphaMark Actively Managed Small Cap ETF) are both Small Cap Blend Equities funds - MJ tracks the Prime Alternative Harvest Index while SMCP tracks the Actively Managed. Both are passively managed. At a 0.23 correlation, their price movements are largely independent. MJ charges 0.75%/yr vs 0.90%/yr for SMCP.

Performance

MJ vs. SMCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Alternative Harvest ETF (MJ) and AlphaMark Actively Managed Small Cap ETF (SMCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MJ

• 1D: -3.25%
• 1M: -5.09%
• YTD: -14.07%
• 6M: 1.76%
• 1Y: 40.95%
• 3Y*: -7.86%
• 5Y*: -35.31%
• 10Y*: —

SMCP

• 1D: 1.02%
• 1M: -25.77%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MJ vs. SMCP - Yearly Performance Comparison

	2026 (YTD)
MJ ETFMG Alternative Harvest ETF	-3.54%
SMCP AlphaMark Actively Managed Small Cap ETF	-25.77%

Correlation

The correlation between MJ and SMCP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 9, 2026	0.23

MJ vs. SMCP - Sectors Allocation Comparison

Sectors	MJ	SMCP
Healthcare	76.5%	11.0%
Consumer Defensive	18.6%	8.1%
Real Estate	3.0%	3.1%
Consumer Cyclical	0.9%	7.3%
Technology	0.6%	11.1%
Financial Services	0.3%	98.8%
Basic Materials	-	7.9%
Communication Services	-	4.0%
Energy	-	7.6%
Industrials	-	13.1%
Utilities	-	3.0%

Return for Risk

MJ vs. SMCP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MJ

MJ Risk / Return Rank: 21
MJ Sharpe Ratio Rank: 16
MJ Sortino Ratio Rank: 27
MJ Omega Ratio Rank: 25
MJ Calmar Ratio Rank: 19
MJ Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MJ vs. SMCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and AlphaMark Actively Managed Small Cap ETF (SMCP). 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	SMCP	Difference
Sharpe ratio Return per unit of total volatility	0.47	—	—
Sortino ratio Return per unit of downside risk	1.51	—	—
Omega ratio Gain probability vs. loss probability	1.17	—	—
Calmar ratio Return relative to maximum drawdown	0.85	—	—
Martin ratio Return relative to average drawdown	1.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MJ	SMCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	-1.43	+0.94

Drawdowns

MJ vs. SMCP - Drawdown Comparison

The maximum MJ drawdown since its inception was -96.55%, which is greater than SMCP's maximum drawdown of -27.86%. Use the drawdown chart below to compare losses from any high point for MJ and SMCP.

Drawdown Indicators

	MJ	SMCP	Difference
Max Drawdown Largest peak-to-trough decline	-96.55%	-27.86%	-68.69%
Max Drawdown (1Y) Largest decline over 1 year	-48.66%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-69.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-93.27%	—	—
Current Drawdown Current decline from peak	-94.45%	-25.77%	-68.68%
Average Drawdown Average peak-to-trough decline	-69.20%	-5.07%	-64.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.08%	—	—

Volatility

Volatility by Period

	MJ	SMCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	59.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	86.70%	43.91%	+42.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.89%	43.91%	+15.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.74%	43.91%	+11.83%

MJ vs. SMCP - Expense Ratio Comparison

MJ has a 0.75% expense ratio, which is lower than SMCP's 0.90% expense ratio.

Dividends

MJ vs. SMCP - Dividend Comparison

MJ's dividend yield for the trailing twelve months is around 2.31%, while SMCP has not paid dividends to shareholders.

Position	TTM	2025	2024
MJ ETFMG Alternative Harvest ETF	2.31%	1.98%	13.80%
SMCP AlphaMark Actively Managed Small Cap ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MJ and SMCP in my portfolio?

MJ and SMCP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MJ or SMCP?

On fees, MJ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MJ or SMCP?

MJ is cheaper with a 0.75% expense ratio, compared with 0.90% for SMCP.

Which ETF pays a higher dividend yield, MJ or SMCP?

MJ has the higher dividend yield at 2.31%, compared with 0.00% for SMCP.

What is the main difference between MJ and SMCP?

MJ tracks Prime Alternative Harvest Index, while SMCP tracks Actively Managed. They also come from different issuers: ETFMG and AlphaMark Advisors. Their fees differ too: 0.75% for MJ and 0.90% for SMCP.