MJ vs. YOLO
Compare and contrast key facts about ETFMG Alternative Harvest ETF (MJ) and AdvisorShares Pure Cannabis ETF (YOLO).
MJ and YOLO 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. YOLO is an actively managed fund by AdvisorShares. It was launched on Apr 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MJ or YOLO.
Performance
MJ vs. YOLO - Performance Comparison
Returns By Period
In the year-to-date period, MJ achieves a -13.72% return, which is significantly lower than YOLO's -10.34% return.
MJ
-13.72%
-20.92%
-33.02%
-8.88%
-29.48%
N/A
YOLO
-10.34%
-21.19%
-33.15%
-5.72%
-25.61%
N/A
Key characteristics
| MJ | YOLO | |
|---|---|---|
| Sharpe Ratio | -0.15 | -0.11 |
| Sortino Ratio | 0.21 | 0.21 |
| Omega Ratio | 1.03 | 1.03 |
| Calmar Ratio | -0.09 | -0.06 |
| Martin Ratio | -0.41 | -0.29 |
| Ulcer Index | 21.10% | 19.82% |
| Daily Std Dev | 59.03% | 51.45% |
| Max Drawdown | -92.53% | -91.56% |
| Current Drawdown | -92.13% | -90.64% |
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MJ vs. YOLO - Expense Ratio Comparison
Both MJ and YOLO have an expense ratio of 0.75%.
Correlation
The correlation between MJ and YOLO is 0.88, 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.
Risk-Adjusted Performance
MJ vs. YOLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Alternative Harvest ETF (MJ) and AdvisorShares Pure Cannabis ETF (YOLO). 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. YOLO - Dividend Comparison
MJ's dividend yield for the trailing twelve months is around 13.31%, more than YOLO's 3.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
MJ ETFMG Alternative Harvest ETF | 13.31% | 3.59% | 4.13% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% |
YOLO AdvisorShares Pure Cannabis ETF | 3.60% | 1.18% | 0.56% | 3.93% | 2.03% | 4.52% | 0.00% | 0.00% | 0.00% |
Drawdowns
MJ vs. YOLO - Drawdown Comparison
The maximum MJ drawdown since its inception was -92.53%, roughly equal to the maximum YOLO drawdown of -91.56%. Use the drawdown chart below to compare losses from any high point for MJ and YOLO. For additional features, visit the drawdowns tool.
Volatility
MJ vs. YOLO - Volatility Comparison
ETFMG Alternative Harvest ETF (MJ) and AdvisorShares Pure Cannabis ETF (YOLO) have volatilities of 24.76% and 23.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.