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ETFs

ETFMG Alternative Harvest ETF

MJ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 03 2015
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$4,888,361
AUM
$218,289,810
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
53.45%
VALT
ETF Managers Trust - ETFMG Sit Ultra Short ETF
13.23%
TLRY
Tilray Brands Inc
6.18%
SNDL
SNDL Inc
5.72%
CRON
Cronos Group Inc
5.21%
CGC
Canopy Growth Corporation
4.29%
REFI
Chicago Atlantic Real Estate Finance Inc
3.01%
ACB
Aurora Cannabis Inc
2.76%
OGI
ORGANIGRAM HOLDINGS INC
1.52%
HITI
HIGH TIDE INC
1.28%
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, KOMP, ISCG

MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
MSOS
Advisorshares Trust - AdvisorShares Pure US Cannabis ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ISCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Small-Cap Growth ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation 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.

Automated Strategies
Related toMJ

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with MJ using Composer

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 -0.0988%. This is the percent change in the value of MJ over the most recent 1-month period. The 3-month return on MJ is -0.2531%. 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 0.5147%. 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 IGF, EFG, and ICLN.

ETFs correlated to MJ include MSOS, KOMP, and ISCG.

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

Disclaimers

*

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.