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.
Correlation
The correlation between MJUS and MJ is 0.77, 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
Key characteristics
Returns By Period
MJUS
N/A
N/A
N/A
N/A
N/A
N/A
MJ
-34.71%
-17.45%
-54.23%
-63.17%
-31.31%
N/A
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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 Rank
MJUS
MJ
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 has not paid dividends to shareholders, while MJ's dividend yield for the trailing twelve months is around 12.10%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
MJUS ETFMG U.S. Alternative Harvest ETF | 4.03% | 8.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MJ ETFMG Alternative Harvest ETF | 12.10% | 8.11% | 1.89% | 2.63% | 1.27% | 2.81% | 2.04% | 0.53% | 1.84% | 1.35% |
Drawdowns
MJUS vs. MJ - Drawdown Comparison
Volatility
MJUS vs. MJ - Volatility Comparison
The current volatility for ETFMG U.S. Alternative Harvest ETF (MJUS) is 0.00%, while ETFMG Alternative Harvest ETF (MJ) has a volatility of 11.77%. This indicates that MJUS experiences smaller price fluctuations and is considered to be less risky than MJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.