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

101.2 M

ASSETS UNDER MGMT

75 bp

EXPENSES
Fund Basics
Fund sponsorETF Managers Group
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 03, 2015
Assets (mns)$101
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
AMPLIFY SEYMOUR CANNABIS ETF 53.2 %
TILRAY, INC. 14.0 %
SUNDIAL GROWERS INC. 8.7 %
CRONOS GROUP INC 8.1 %
AURORA CANNABIS INC. 5.5 %
HIGH TIDE, INC. 3.3 %
CANOPY GROWTH CORP 3.3 %
ORGANIGRAM HOLDINGS INC 2.1 %
VILLAGE FARMS INTERNATIONAL, INC. 1.4 %
CASH & OTHER 0.4 %
Constituent Breakdown
Number of holdings8
Herfindahl-Hirschman Index 3,226
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 41.0 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 904.0% 617.4% 149.3% 39.5% 15.0% -- 3.7%
Volatility 999.9% 999.9% 781.7% 638.0% 494.3% -- --
Market Correlations
versus...BetaR-squared
S&P 500-1.560%
MSCI EAFE3.741%
MSCI Emg Mkts2.110%
Liquidity Measures
Avg. volume (000)64
Turnover1.1%
Avg. Bid/Ask (% of price)0.61%
ADV of underlying (mns)$1,088
Technical Indicators
Recent close$17.55
30d moving avg.$18.69
Annualized volatility561.1%
Relative strength (RSI)69
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)

Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial

Comparable ETFs Based on Overlap
Ticker Fund Name Overlap
vs. MJ
Expenses
vs. MJ
ALTAR Score™
vs. MJ
TOKE Cambria Cannabis ETF   13.4%   -33 bp +21.0%
YOLO AdvisorShares Pure Cannabis ETF   11.2%   +28 bp +14.4%
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 2025E 2026E  
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
  2024 2025E Fwd Est 2026E
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 --%
0.6 -17.3 0.5 -36.1% --
Based on closing prices from 4/4/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

-19.4%

Cat. Avg

6.4%


ALTAR Score™ Calculation

Category Overview
There are 950 funds in the US Equity category, with an average ALTAR Score™ of 6.4% and a standard deviation of 3.1%. MJ's ALTAR Score™ is approximately 8.4 standard deviations below the category average. This places MJ in the 1st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

MJ
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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 61.4 136.4
Peer Avg. 43.6 15.8 59.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .