MJUS vs. MJ
Compare and contrast key facts about ETFMG U.S. Alternative Harvest ETF (MJUS) and ETFMG Alternative Harvest ETF (MJ).
MJUS and MJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MJUS is an actively managed fund by ETFMG. It was launched on May 12, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MJUS or MJ.
Key characteristics
| MJUS | MJ | |
|---|---|---|
| YTD Return | 32.81% | 32.89% |
| 1Y Return | 52.50% | 37.10% |
| Sharpe Ratio | 0.74 | 0.59 |
| Daily Std Dev | 63.91% | 60.83% |
| Max Drawdown | -87.29% | -92.53% |
| Current Drawdown | -79.29% | -87.87% |
Correlation
The correlation between MJUS and MJ is 0.79, 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.
Performance
MJUS vs. MJ - Performance Comparison
The year-to-date returns for both investments are quite close, with MJUS having a 32.81% return and MJ slightly higher at 32.89%. 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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MJUS vs. MJ - Expense Ratio Comparison
Both MJUS and MJ have an expense ratio of 0.75%.
Risk-Adjusted Performance
MJUS vs. MJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG U.S. Alternative Harvest ETF (MJUS) and ETFMG Alternative Harvest ETF (MJ). 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
MJUS vs. MJ - Dividend Comparison
MJUS's dividend yield for the trailing twelve months is around 2.05%, less than MJ's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
MJUS ETFMG U.S. Alternative Harvest ETF | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MJ ETFMG Alternative Harvest ETF | 4.06% | 3.59% | 4.12% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% |
Drawdowns
MJUS vs. MJ - Drawdown Comparison
The maximum MJUS drawdown since its inception was -87.29%, smaller than the maximum MJ drawdown of -92.53%. Use the drawdown chart below to compare losses from any high point for MJUS and MJ. For additional features, visit the drawdowns tool.
Volatility
MJUS vs. MJ - Volatility Comparison
ETFMG U.S. Alternative Harvest ETF (MJUS) and ETFMG Alternative Harvest ETF (MJ) have volatilities of 32.03% and 31.12%, 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.