MJUS vs. WEED

Last updated Jun 4, 2026

MJUS (ETFMG U.S. Alternative Harvest ETF) and WEED (Roundhill Cannabis ETF) are both Cannabis funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. MJUS charges 0.75%/yr vs 0.40%/yr for WEED.

Performance

MJUS vs. WEED - Performance Comparison

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

Returns By Period

MJUS

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

WEED

• 1D: -5.52%
• 1M: -3.51%
• YTD: 4.45%
• 6M: 32.27%
• 1Y: 101.82%
• 3Y*: -1.50%
• 5Y*: —
• 10Y*: —

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

MJUS vs. WEED - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MJUS ETFMG U.S. Alternative Harvest ETF	0.00%	0.00%	27.88%	-17.41%	-53.39%
WEED Roundhill Cannabis ETF	4.45%	19.40%	-44.93%	0.87%	-60.22%

Correlation

The correlation between MJUS and WEED is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022	0.48

The correlation between MJUS and WEED shifts across timeframes, from 0.33 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.

MJUS vs. WEED - Sectors Allocation Comparison

Sectors	MJUS	WEED
Healthcare	14.1%	60.0%
Financial Services	4.7%	-
Technology	3.6%	6.3%
Real Estate	1.6%	16.3%
Consumer Cyclical	0.8%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	17.3%
Energy	-	-
Industrials	-	-
Utilities	-	-

Return for Risk

MJUS vs. WEED — Risk / Return Rank

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

WEED

WEED Risk / Return Rank: 34
WEED Sharpe Ratio Rank: 25
WEED Sortino Ratio Rank: 41
WEED Omega Ratio Rank: 38
WEED Calmar Ratio Rank: 38
WEED Martin Ratio Rank: 26

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. WEED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG U.S. Alternative Harvest ETF (MJUS) and Roundhill Cannabis ETF (WEED). 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	WEED	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.33	—

Drawdowns

Drawdown Indicators

	MJUS	WEED	Difference
Max Drawdown Largest peak-to-trough decline	—	-88.07%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-54.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-81.50%	—
Current Drawdown Current decline from peak	—	-72.44%	—
Average Drawdown Average peak-to-trough decline	—	-62.74%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.73%	—

Volatility

Volatility by Period

	MJUS	WEED	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	80.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	112.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	82.62%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	82.62%	—

MJUS vs. WEED - Expense Ratio Comparison

MJUS has a 0.75% expense ratio, which is higher than WEED's 0.40% expense ratio.

Dividends

MJUS vs. WEED - Dividend Comparison

Neither MJUS nor WEED has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MJUS and WEED in my portfolio?

MJUS and WEED have a correlation of 0.48, 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 WEED?

On fees, WEED is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MJUS or WEED?

WEED is cheaper with a 0.40% expense ratio, compared with 0.75% for MJUS.

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

MJUS and WEED have nearly identical dividend yields, around 0.00%.

What is the main difference between MJUS and WEED?

They also come from different issuers: ETFMG and Roundhill. Their fees differ too: 0.75% for MJUS and 0.40% for WEED.