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ETFs

ETFMG Alternative Harvest ETF

MJ
$--
Today’s Change
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Snapshot
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Inception Date
Dec 03 2015
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$18,777,436
AUM
$268,613,940
Associated Index
Prime Alternative Harvest Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MJUS
ETF Managers Trust - ETFMG U.S. Alternative Harvest ETF
50.59%
SNDL
SNDL Inc
8.07%
CGC
Canopy Growth Corporation
7.42%
CRON
Cronos Group Inc
6.74%
TLRY
Tilray Brands Inc
6.65%
ACB
Aurora Cannabis Inc
4.25%
REFI
Chicago Atlantic Real Estate Finance Inc
3.37%
HITI
High Tide Inc.
2.18%
MAPS
WM Technology Inc - Ordinary Shares - Class A
1.60%
OGI
OrganiGram Holdings Inc.
1.56%
Invest with MJ

What is MJ?

The ETFMG Alternative Harvest ETF (MJ) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Prime Alternative Harvest Index. MJ tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives.

ETFs related toMJ

ETFs correlated to MJ include MSOS, MSOX, TSLR

MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
MSOS
Advisorshares Trust - AdvisorShares Pure US Cannabis ETF
MSOX
Advisorshares Trust - AdvisorShares MSOS 2x Daily ETF
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MJ is a Global Equities ETF. The ETFMG Alternative Harvest ETF (MJ) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Prime Alternative Harvest Index. MJ tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives.

MJ tracks the Prime Alternative Harvest Index.

No, MJ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MJ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MJ is 0.3412%. This is the percent change in the value of MJ over the most recent 1-month period. The 3-month return on MJ is 0.3004%. This is the percent change in the value of MJ over the most recent 3-month period.

The standard deviation of MJ for the past year is 0.5439%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MJ include PBW, IGF, and EFG.

ETFs correlated to MJ include MSOS, MSOX, and TSLR.

ETFs that are inversely correlated to MJ include SARK, SRTY, and TZA.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.