MSOS vs. MJ
Compare and contrast key facts about AdvisorShares Pure US Cannabis ETF (MSOS) and ETFMG Alternative Harvest ETF (MJ).
MSOS and MJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSOS is an actively managed fund by AdvisorShares. It was launched on Sep 1, 2020. 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: MSOS or MJ.
Performance
MSOS vs. MJ - Performance Comparison
Returns By Period
In the year-to-date period, MSOS achieves a -32.10% return, which is significantly lower than MJ's -13.72% return.
MSOS
-32.10%
-32.96%
-46.28%
-30.41%
N/A
N/A
MJ
-13.72%
-20.43%
-31.51%
-9.17%
-28.67%
N/A
Key characteristics
| MSOS | MJ | |
|---|---|---|
| Sharpe Ratio | -0.35 | -0.15 |
| Sortino Ratio | -0.01 | 0.20 |
| Omega Ratio | 1.00 | 1.03 |
| Calmar Ratio | -0.31 | -0.10 |
| Martin Ratio | -0.99 | -0.42 |
| Ulcer Index | 28.58% | 21.27% |
| Daily Std Dev | 80.35% | 59.03% |
| Max Drawdown | -92.64% | -92.53% |
| Current Drawdown | -91.35% | -92.13% |
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MSOS vs. MJ - Expense Ratio Comparison
MSOS has a 0.74% expense ratio, which is lower than MJ's 0.75% expense ratio.
Correlation
The correlation between MSOS and MJ is 0.74, 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.
Risk-Adjusted Performance
MSOS vs. MJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) 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
MSOS vs. MJ - Dividend Comparison
MSOS has not paid dividends to shareholders, while MJ's dividend yield for the trailing twelve months is around 13.31%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
MSOS AdvisorShares Pure US Cannabis ETF | 0.00% | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MJ ETFMG Alternative Harvest ETF | 13.31% | 3.59% | 4.13% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% |
Drawdowns
MSOS vs. MJ - Drawdown Comparison
The maximum MSOS drawdown since its inception was -92.64%, roughly equal to the maximum MJ drawdown of -92.53%. Use the drawdown chart below to compare losses from any high point for MSOS and MJ. For additional features, visit the drawdowns tool.
Volatility
MSOS vs. MJ - Volatility Comparison
AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 44.84% compared to ETFMG Alternative Harvest ETF (MJ) at 23.46%. This indicates that MSOS's price experiences larger fluctuations and is considered to be riskier than MJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.