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ETFs

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)
$2,856,324
AUM
$134,200,550
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IIPR
Innovative Industrial Properties Inc
20.24%
n/a
UNITED STATES TREAS BILLS 06/08/2023
13.88%
n/a
UNITED STATES TREAS BILLS 05/25/2023
12.39%
n/a
UNITED STATES TREAS BILLS 04/27/2023
7.08%
GRWG
GrowGeneration Corp
6.12%
AFCG
AFC Gamma Inc
6.10%
n/a
UNITED STATES TREAS BILLS 05/18/2023
4.21%
n/a
UNITED STATES TREAS BILLS 05/11/2023
4.03%
n/a
UNITED STATES TREAS BILLS 06/01/2023
2.86%
n/a
UNITED STATES TREAS BILLS 06/06/2023
2.19%
Invest with MJUS

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 ).

ETFs related toMJUS

ETFs correlated to MJUS include MSOS, MJ, IRBO

MJUS
ETF Managers Trust - ETFMG U.S. Alternative Harvest ETF
MSOS
Advisorshares Trust - AdvisorShares Pure US Cannabis ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth 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 toMJUS

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with MJUS using Composer

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 -0.1285%. This is the percent change in the value of MJUS over the most recent 1-month period. The 3-month return on MJUS is -0.1875%. 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 0.5419%. 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 QUAL, SUSA, and USMV.

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

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

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.