MJUS vs. ^GSPC
Compare and contrast key facts about ETFMG U.S. Alternative Harvest ETF (MJUS) and S&P 500 (^GSPC).
MJUS is an actively managed fund by ETFMG. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MJUS or ^GSPC.
Correlation
The correlation between MJUS and ^GSPC 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
MJUS vs. ^GSPC - Performance Comparison
Key characteristics
Returns By Period
MJUS
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC
-3.93%
11.36%
-1.09%
10.19%
14.74%
10.35%
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Risk-Adjusted Performance
MJUS vs. ^GSPC — Risk-Adjusted Performance Rank
MJUS
^GSPC
MJUS vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG U.S. Alternative Harvest ETF (MJUS) and S&P 500 (^GSPC). 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.
Drawdowns
MJUS vs. ^GSPC - Drawdown Comparison
Volatility
MJUS vs. ^GSPC - Volatility Comparison
The current volatility for ETFMG U.S. Alternative Harvest ETF (MJUS) is 0.00%, while S&P 500 (^GSPC) has a volatility of 13.20%. This indicates that MJUS experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.