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.
Performance
MJUS vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, MJUS achieves a -33.77% return, which is significantly lower than ^GSPC's 24.05% return.
MJUS
-33.77%
-31.79%
-46.98%
-32.56%
N/A
N/A
^GSPC
24.05%
0.89%
11.19%
30.12%
13.82%
11.14%
Key characteristics
| MJUS | ^GSPC | |
|---|---|---|
| Sharpe Ratio | -0.47 | 2.54 |
| Sortino Ratio | -0.28 | 3.40 |
| Omega Ratio | 0.96 | 1.47 |
| Calmar Ratio | -0.39 | 3.66 |
| Martin Ratio | -1.28 | 16.28 |
| Ulcer Index | 27.35% | 1.91% |
| Daily Std Dev | 74.60% | 12.25% |
| Max Drawdown | -90.90% | -56.78% |
| Current Drawdown | -89.67% | -1.41% |
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Correlation
The correlation between MJUS and ^GSPC is 0.36, 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.
Risk-Adjusted Performance
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
The maximum MJUS drawdown since its inception was -90.90%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MJUS and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
MJUS vs. ^GSPC - Volatility Comparison
ETFMG U.S. Alternative Harvest ETF (MJUS) has a higher volatility of 41.48% compared to S&P 500 (^GSPC) at 4.07%. This indicates that MJUS's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.