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ETFMG U.S. Alternative Harvest ETF

MJUS
$
Today’s Change
()

Snapshot
*

Inception Date
May 12, 2021
Expense Ratio
0.75%
Type
US Equities
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$399,514
AUM
$139,789,722
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

UNITED STATES TREAS BILLS 12/07/2023
14.98%
UNITED STATES TREAS BILLS 09/28/2023
14.09%
IIPR
Innovative Industrial Properties Inc
11.87%
UNITED STATES TREAS BILLS 12/05/2023
11.06%
AFCG
AFC Gamma Inc
6.4%
GRWG
GrowGeneration Corp
5.69%
UNITED STATES TREAS BILLS 11/02/2023
5.25%
UNITED STATES TREAS BILLS 11/24/2023
4.65%
UNITED STATES TREAS BILLS 12/14/2023
4.24%
UNITED STATES TREAS BILLS 11/09/2023
4.1%

What is MJUS?

The U.S. Alternative Harvest ETF (MJUS) is a portfolio of companies that are active in the United States cannabis market. MJUS is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the Cannabis Business in the United States, and in derivatives that have economic characteristics similar to such securities. The companies that MJUS will invest in generally are representative of the components of the Prime U.S. Alternative Harvest Index (the Reference Index ).

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ETFs related toMJUS

ETFs correlated to MJUS include MSOX, MSOS, MJ

MJUS
ETF Managers Trust - ETFMG U.S. Alternative Harvest ETF
MSOX
Advisorshares Trust - AdvisorShares MSOS 2x Daily ETF
MSOS
Advisorshares Trust - AdvisorShares Pure US Cannabis ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
TJUL
Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2025
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
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ACES
ALPS Fund Services - ALPS Clean Energy 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

MJUS is a US Equities ETF. The U.S. Alternative Harvest ETF (MJUS) is a portfolio of companies that are active in the United States cannabis market. MJUS is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the Cannabis Business in the United States, and in derivatives that have economic characteristics similar to such securities. The companies that MJUS will invest in generally are representative of the components of the Prime U.S. Alternative Harvest Index (the Reference Index ).

Yes, MJUS is actively 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.

No, MJUS is not passively managed. It is actively 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 MJUS is 0.3985%. This is the percent change in the value of MJUS over the most recent 1-month period. The 3-month return on MJUS is 0.2884%. This is the percent change in the value of MJUS over the most recent 3-month period.

The standard deviation of MJUS for the past year is 0.5629%. 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 MJUS include SPHQ, DSI, and QUAL.

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

ETFs that are inversely correlated to MJUS include SARK, BTAL, and WEBS.

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.

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