MJ vs. VOOG
Compare and contrast key facts about ETFMG Alternative Harvest ETF (MJ) and Vanguard S&P 500 Growth ETF (VOOG).
MJ and VOOG 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. VOOG is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 7, 2010. Both MJ and VOOG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MJ or VOOG.
Key characteristics
| MJ | VOOG | |
|---|---|---|
| YTD Return | 32.89% | 9.13% |
| 1Y Return | 37.10% | 29.70% |
| 3Y Return (Ann) | -39.53% | 6.60% |
| 5Y Return (Ann) | -32.15% | 14.08% |
| Sharpe Ratio | 0.59 | 2.08 |
| Daily Std Dev | 60.83% | 13.92% |
| Max Drawdown | -92.53% | -32.73% |
| Current Drawdown | -87.87% | -3.79% |
Correlation
The correlation between MJ and VOOG is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MJ vs. VOOG - Performance Comparison
In the year-to-date period, MJ achieves a 32.89% return, which is significantly higher than VOOG's 9.13% 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. VOOG - Expense Ratio Comparison
MJ has a 0.75% expense ratio, which is higher than VOOG's 0.10% expense ratio.
Risk-Adjusted Performance
MJ vs. VOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and Vanguard S&P 500 Growth ETF (VOOG). 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. VOOG - Dividend Comparison
MJ's dividend yield for the trailing twelve months is around 4.06%, more than VOOG's 0.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | 4.06% | 3.59% | 4.12% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% | 0.00% | 0.00% | 0.00% |
VOOG Vanguard S&P 500 Growth ETF | 0.90% | 1.12% | 0.93% | 0.53% | 0.88% | 1.26% | 1.34% | 1.32% | 1.47% | 1.56% | 1.28% | 1.46% |
Drawdowns
MJ vs. VOOG - Drawdown Comparison
The maximum MJ drawdown since its inception was -92.53%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for MJ and VOOG. For additional features, visit the drawdowns tool.
Volatility
MJ vs. VOOG - Volatility Comparison
ETFMG Alternative Harvest ETF (MJ) has a higher volatility of 31.12% compared to Vanguard S&P 500 Growth ETF (VOOG) at 5.69%. This indicates that MJ's price experiences larger fluctuations and is considered to be riskier than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.