MJUS vs. PFIX
Compare and contrast key facts about ETFMG U.S. Alternative Harvest ETF (MJUS) and Simplify Interest Rate Hedge ETF (PFIX).
MJUS and PFIX 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. PFIX is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 10, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MJUS or PFIX.
Performance
MJUS vs. PFIX - Performance Comparison
Returns By Period
In the year-to-date period, MJUS achieves a -33.77% return, which is significantly lower than PFIX's 28.89% return.
MJUS
-33.77%
-31.79%
-46.98%
-32.56%
N/A
N/A
PFIX
28.89%
8.26%
7.75%
-0.02%
N/A
N/A
Key characteristics
| MJUS | PFIX | |
|---|---|---|
| Sharpe Ratio | -0.47 | -0.04 |
| Sortino Ratio | -0.28 | 0.24 |
| Omega Ratio | 0.96 | 1.03 |
| Calmar Ratio | -0.39 | -0.04 |
| Martin Ratio | -1.28 | -0.11 |
| Ulcer Index | 27.35% | 15.44% |
| Daily Std Dev | 74.60% | 40.85% |
| Max Drawdown | -90.90% | -39.52% |
| Current Drawdown | -89.67% | -19.06% |
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MJUS vs. PFIX - Expense Ratio Comparison
MJUS has a 0.75% expense ratio, which is higher than PFIX's 0.50% expense ratio.
Correlation
The correlation between MJUS and PFIX is 0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
MJUS vs. PFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG U.S. Alternative Harvest ETF (MJUS) and Simplify Interest Rate Hedge ETF (PFIX). 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. PFIX - Dividend Comparison
MJUS's dividend yield for the trailing twelve months is around 7.18%, less than PFIX's 66.16% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
MJUS ETFMG U.S. Alternative Harvest ETF | 7.18% | 0.00% | 0.00% | 0.00% |
PFIX Simplify Interest Rate Hedge ETF | 66.16% | 80.99% | 0.63% | 0.00% |
Drawdowns
MJUS vs. PFIX - Drawdown Comparison
The maximum MJUS drawdown since its inception was -90.90%, which is greater than PFIX's maximum drawdown of -39.52%. Use the drawdown chart below to compare losses from any high point for MJUS and PFIX. For additional features, visit the drawdowns tool.
Volatility
MJUS vs. PFIX - Volatility Comparison
ETFMG U.S. Alternative Harvest ETF (MJUS) has a higher volatility of 41.48% compared to Simplify Interest Rate Hedge ETF (PFIX) at 12.02%. This indicates that MJUS's price experiences larger fluctuations and is considered to be riskier than PFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.