YOLO vs. MJ
Compare and contrast key facts about AdvisorShares Pure Cannabis ETF (YOLO) and ETFMG Alternative Harvest ETF (MJ).
YOLO and MJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YOLO is an actively managed fund by AdvisorShares. It was launched on Apr 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YOLO or MJ.
Performance
YOLO vs. MJ - Performance Comparison
Returns By Period
In the year-to-date period, YOLO achieves a -11.02% return, which is significantly higher than MJ's -13.72% return.
YOLO
-11.02%
-20.49%
-31.96%
-7.72%
-25.06%
N/A
MJ
-13.72%
-20.43%
-31.51%
-9.17%
-28.67%
N/A
Key characteristics
| YOLO | MJ | |
|---|---|---|
| Sharpe Ratio | -0.13 | -0.15 |
| Sortino Ratio | 0.18 | 0.20 |
| Omega Ratio | 1.02 | 1.03 |
| Calmar Ratio | -0.07 | -0.10 |
| Martin Ratio | -0.32 | -0.42 |
| Ulcer Index | 19.99% | 21.27% |
| Daily Std Dev | 51.45% | 59.03% |
| Max Drawdown | -91.56% | -92.53% |
| Current Drawdown | -90.71% | -92.13% |
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YOLO vs. MJ - Expense Ratio Comparison
Both YOLO and MJ have an expense ratio of 0.75%.
Correlation
The correlation between YOLO and MJ is 0.88, 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
YOLO vs. MJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure Cannabis ETF (YOLO) 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
YOLO vs. MJ - Dividend Comparison
YOLO's dividend yield for the trailing twelve months is around 3.63%, less than MJ's 13.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
YOLO AdvisorShares Pure Cannabis ETF | 3.63% | 1.18% | 0.56% | 3.93% | 2.03% | 4.52% | 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
YOLO vs. MJ - Drawdown Comparison
The maximum YOLO drawdown since its inception was -91.56%, roughly equal to the maximum MJ drawdown of -92.53%. Use the drawdown chart below to compare losses from any high point for YOLO and MJ. For additional features, visit the drawdowns tool.
Volatility
YOLO vs. MJ - Volatility Comparison
AdvisorShares Pure Cannabis ETF (YOLO) and ETFMG Alternative Harvest ETF (MJ) have volatilities of 22.45% and 23.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.