MJUS vs. YOLO
Compare and contrast key facts about ETFMG U.S. Alternative Harvest ETF (MJUS) and AdvisorShares Pure Cannabis ETF (YOLO).
MJUS and YOLO 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. YOLO is an actively managed fund by AdvisorShares. It was launched on Apr 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MJUS or YOLO.
Key characteristics
| MJUS | YOLO | |
|---|---|---|
| YTD Return | -4.19% | 10.38% |
| 1Y Return | -10.59% | 7.13% |
| 3Y Return (Ann) | -40.19% | -39.04% |
| Sharpe Ratio | -0.11 | 0.19 |
| Sortino Ratio | 0.32 | 0.65 |
| Omega Ratio | 1.04 | 1.08 |
| Calmar Ratio | -0.09 | 0.10 |
| Martin Ratio | -0.32 | 0.52 |
| Ulcer Index | 24.02% | 17.73% |
| Daily Std Dev | 66.82% | 48.51% |
| Max Drawdown | -87.29% | -91.56% |
| Current Drawdown | -85.06% | -88.48% |
Correlation
The correlation between MJUS and YOLO is 0.83, 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. YOLO - Performance Comparison
In the year-to-date period, MJUS achieves a -4.19% return, which is significantly lower than YOLO's 10.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MJUS vs. YOLO - Expense Ratio Comparison
Both MJUS and YOLO have an expense ratio of 0.75%.
Risk-Adjusted Performance
MJUS vs. YOLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG U.S. Alternative Harvest ETF (MJUS) and AdvisorShares Pure Cannabis ETF (YOLO). 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. YOLO - Dividend Comparison
MJUS's dividend yield for the trailing twelve months is around 4.95%, more than YOLO's 2.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
MJUS ETFMG U.S. Alternative Harvest ETF | 4.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YOLO AdvisorShares Pure Cannabis ETF | 2.90% | 1.17% | 0.55% | 3.93% | 2.03% | 4.52% |
Drawdowns
MJUS vs. YOLO - Drawdown Comparison
The maximum MJUS drawdown since its inception was -87.29%, roughly equal to the maximum YOLO drawdown of -91.56%. Use the drawdown chart below to compare losses from any high point for MJUS and YOLO. For additional features, visit the drawdowns tool.
Volatility
MJUS vs. YOLO - Volatility Comparison
ETFMG U.S. Alternative Harvest ETF (MJUS) has a higher volatility of 9.17% compared to AdvisorShares Pure Cannabis ETF (YOLO) at 5.36%. This indicates that MJUS's price experiences larger fluctuations and is considered to be riskier than YOLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.