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.
Performance
MJUS vs. MJ - Performance Comparison
Returns By Period
In the year-to-date period, MJUS achieves a -36.40% return, which is significantly lower than MJ's -14.73% return.
MJUS
-36.40%
-38.95%
-43.37%
-36.64%
N/A
N/A
MJ
-14.73%
-26.38%
-28.00%
-10.52%
-28.81%
N/A
Key characteristics
| MJUS | MJ | |
|---|---|---|
| Sharpe Ratio | -0.49 | -0.17 |
| Sortino Ratio | -0.32 | 0.16 |
| Omega Ratio | 0.96 | 1.02 |
| Calmar Ratio | -0.40 | -0.11 |
| Martin Ratio | -1.31 | -0.48 |
| Ulcer Index | 27.82% | 21.45% |
| Daily Std Dev | 74.55% | 59.04% |
| Max Drawdown | -90.90% | -92.53% |
| Current Drawdown | -90.08% | -92.22% |
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MJUS vs. MJ - Expense Ratio Comparison
Both MJUS and MJ have an expense ratio of 0.75%.
Correlation
The correlation between MJUS and MJ is 0.80, 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
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 7.48%, less than MJ's 13.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
MJUS ETFMG U.S. Alternative Harvest ETF | 7.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MJ ETFMG Alternative Harvest ETF | 13.46% | 3.59% | 4.13% | 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 -90.90%, roughly equal to 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) has a higher volatility of 40.35% compared to ETFMG Alternative Harvest ETF (MJ) at 23.43%. This indicates that MJUS's price experiences larger fluctuations and is considered to be riskier than MJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.