MJUS vs. SPY
Compare and contrast key facts about ETFMG U.S. Alternative Harvest ETF (MJUS) and SPDR S&P 500 ETF (SPY).
MJUS and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MJUS or SPY.
Performance
MJUS vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, MJUS achieves a -33.77% return, which is significantly lower than SPY's 25.36% return.
MJUS
-33.77%
-31.79%
-46.98%
-32.56%
N/A
N/A
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| MJUS | SPY | |
|---|---|---|
| Sharpe Ratio | -0.47 | 2.69 |
| Sortino Ratio | -0.28 | 3.59 |
| Omega Ratio | 0.96 | 1.50 |
| Calmar Ratio | -0.39 | 3.89 |
| Martin Ratio | -1.28 | 17.53 |
| Ulcer Index | 27.35% | 1.87% |
| Daily Std Dev | 74.60% | 12.15% |
| Max Drawdown | -90.90% | -55.19% |
| Current Drawdown | -89.67% | -1.41% |
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MJUS vs. SPY - Expense Ratio Comparison
MJUS has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between MJUS and SPY is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
MJUS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG U.S. Alternative Harvest ETF (MJUS) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
MJUS's dividend yield for the trailing twelve months is around 7.18%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MJUS ETFMG U.S. Alternative Harvest ETF | 7.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MJUS vs. SPY - Drawdown Comparison
The maximum MJUS drawdown since its inception was -90.90%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MJUS and SPY. For additional features, visit the drawdowns tool.
Volatility
MJUS vs. SPY - Volatility Comparison
ETFMG U.S. Alternative Harvest ETF (MJUS) has a higher volatility of 41.48% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that MJUS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.