POTX vs. MJ
Compare and contrast key facts about Global X Cannabis ETF (POTX) and ETFMG Alternative Harvest ETF (MJ).
POTX and MJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. POTX is a passively managed fund by Global X that tracks the performance of the Cannabis Index. It was launched on Sep 17, 2019. 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. Both POTX and MJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POTX or MJ.
Correlation
The correlation between POTX and MJ is 0.81, 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
POTX vs. MJ - Performance Comparison
Key characteristics
Returns By Period
POTX
N/A
N/A
N/A
N/A
N/A
N/A
MJ
-24.46%
-10.71%
-33.58%
-21.24%
-30.19%
N/A
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POTX vs. MJ - Expense Ratio Comparison
POTX has a 0.51% expense ratio, which is lower than MJ's 0.75% expense ratio.
Risk-Adjusted Performance
POTX vs. MJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cannabis ETF (POTX) 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
POTX vs. MJ - Dividend Comparison
POTX has not paid dividends to shareholders, while MJ's dividend yield for the trailing twelve months is around 15.20%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
POTX Global X Cannabis ETF | 103.82% | 6.37% | 3.27% | 4.28% | 5.47% | 1.43% | 0.00% | 0.00% | 0.00% |
MJ ETFMG Alternative Harvest ETF | 15.20% | 3.59% | 4.13% | 1.93% | 4.60% | 5.26% | 2.23% | 2.64% | 16.22% |
Drawdowns
POTX vs. MJ - Drawdown Comparison
Volatility
POTX vs. MJ - Volatility Comparison
The current volatility for Global X Cannabis ETF (POTX) is 0.00%, while ETFMG Alternative Harvest ETF (MJ) has a volatility of 9.03%. This indicates that POTX experiences smaller price fluctuations and is considered to be less risky than MJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.