MJ
ETFMG Alternative Harvest
The ETFMG Alternative Harvest ETF tracks a market-cap-weighted index of global firms engaged in the legal cultivation, production, marketing or distribution of cannabis, cannabinoids or tobacco products.lf
US
EQUITY
Rules-Based
MANAGEMENT STYLE
113.9 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | ETF Managers Group |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 03, 2015 |
| Assets (mns) | $114 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AMPLIFY SEYMOUR CANNABIS ETF | 54.0 % |
| TILRAY, INC. | 10.1 % |
| SUNDIAL GROWERS INC. | 9.0 % |
| CRONOS GROUP INC | 8.5 % |
| AURORA CANNABIS INC. | 5.9 % |
| CANOPY GROWTH CORP | 4.2 % |
| HIGH TIDE, INC. | 4.1 % |
| ORGANIGRAM GLOBAL INC | 2.3 % |
| VILLAGE FARMS INTERNATIONAL, INC. | 1.4 % |
| CASH & OTHER | 0.4 % |
Constituent Breakdown
| Number of holdings | 8 |
| Herfindahl-Hirschman Index | 3,131 |
| Wgt avg mkt cap (mns) | $154 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 100.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
CANADA | 38.9 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -27.5% | -52.2% | -36.7% | -44.7% | -34.9% | -- | -- | -25.6% |
| Dividend Yield | 0.0% | 3.9% | 2.9% | 2.0% | 2.1% | -- | -- | 2.0% |
| Total Returns | -27.5% | -48.3% | -33.8% | -42.7% | -32.8% | -- | -- | -23.6% | Ann. Volatility | 40.5% | 55.9% | 52.4% | 53.2% | 53.4% | -- | -- | 47.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -1.17 | 0% |
| MSCI EAFE | 3.76 | 1% |
| MSCI Emg Mkts | 2.04 | 0% |
Liquidity Measures
| Avg. volume (000) | 67 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.77% |
| ADV of underlying (mns) | $1,088 |
Technical Indicators
| Recent close | $20.28 |
| 30d moving avg. | $19.24 |
| Annualized volatility | 561.5% |
| Relative strength (RSI) | 40 |
| Short interest (ETF) | 3.2% |
| Short interest (underlying) | 5.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MJ |
Expenses vs. MJ |
ALTAR Score™ vs. MJ |
|---|---|---|---|---|
| TOKE | Cambria Cannabis ETF | 14.2% | -33 bp | +1.2% |
| YOLO | AdvisorShares Pure Cannabis ETF | 11.9% | +28 bp | -4.4% |
Risk and Returns: MJ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/25/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
MJ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
MJ
0.0%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. MJ's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places MJ in the percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MJSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| MJ (75 bp) Percentile rank | 81 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MJ | 75.0 | 76.9 | 151.9 |
| Peer Avg. | 43.7 | 16.2 | 59.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .