MJUS vs. MJ

Last updated Jun 4, 2026

MJUS (ETFMG U.S. Alternative Harvest ETF) and MJ (ETFMG Alternative Harvest ETF) are both exchange-traded funds - MJUS is a Cannabis fund actively managed by ETFMG, while MJ is a Small Cap Blend Equities fund tracking the Prime Alternative Harvest Index. MJUS is actively managed, while MJ is passively managed. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

MJUS vs. MJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG U.S. Alternative Harvest ETF (MJUS) and ETFMG Alternative Harvest ETF (MJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MJUS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MJ

• 1D: -3.25%
• 1M: -5.09%
• YTD: -14.07%
• 6M: 1.76%
• 1Y: 40.95%
• 3Y*: -7.86%
• 5Y*: -35.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MJUS vs. MJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MJUS ETFMG U.S. Alternative Harvest ETF	0.00%	0.00%	27.88%	-17.41%	-66.89%	-39.41%
MJ ETFMG Alternative Harvest ETF	-14.07%	13.07%	-23.97%	-24.18%	-61.55%	-42.29%

Correlation

The correlation between MJUS and MJ is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since May 14, 2021	0.52

The correlation between MJUS and MJ shifts across timeframes, from 0.32 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.

MJUS vs. MJ - Sectors Allocation Comparison

Sectors	MJUS	MJ
Healthcare	14.1%	76.5%
Financial Services	4.7%	0.3%
Technology	3.6%	0.6%
Real Estate	1.6%	3.0%
Consumer Cyclical	0.8%	0.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	18.6%
Energy	-	-
Industrials	-	-
Utilities	-	-

Return for Risk

MJUS vs. MJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MJ

MJ Risk / Return Rank: 21
MJ Sharpe Ratio Rank: 16
MJ Sortino Ratio Rank: 27
MJ Omega Ratio Rank: 25
MJ Calmar Ratio Rank: 19
MJ Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MJUS vs. MJ - Risk-Adjusted Trends 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MJUS	MJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.47	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.48	—

Drawdowns

Drawdown Indicators

	MJUS	MJ	Difference
Max Drawdown Largest peak-to-trough decline	—	-96.55%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-48.66%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-69.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-93.27%	—
Current Drawdown Current decline from peak	—	-94.45%	—
Average Drawdown Average peak-to-trough decline	—	-69.20%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.08%	—

Volatility

Volatility by Period

	MJUS	MJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	59.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	86.70%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	59.89%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	55.74%	—

MJUS vs. MJ - Expense Ratio Comparison

Both MJUS and MJ have an expense ratio of 0.75%.

Dividends

MJUS vs. MJ - Dividend Comparison

MJUS has not paid dividends to shareholders, while MJ's dividend yield for the trailing twelve months is around 2.31%.

Position	TTM	2025	2024
MJ ETFMG Alternative Harvest ETF	2.31%	1.98%	13.80%
MJUS ETFMG U.S. Alternative Harvest ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MJUS and MJ in my portfolio?

MJUS and MJ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MJUS or MJ?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MJUS or MJ?

MJUS and MJ have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, MJUS or MJ?

MJ has the higher dividend yield at 2.31%, compared with 0.00% for MJUS.

What is the main difference between MJUS and MJ?

MJUS is categorized as Cannabis, while MJ is Small Cap Blend Equities.