MJUS
ETFMG U.S. Alternative Harvest ETF
MJUS is an actively managed portfolio of US stocks or swap contracts related to the cannabis industry.
US
EQUITY
Active
MANAGEMENT STYLE
62.0 M
ASSETS UNDER MGMT
76 bp
EXPENSES
Fund Basics
| Fund sponsor | ETFMG |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 12, 2021 |
| Assets (mns) | $62 |
| Expense ratio | 76 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| UNITED STATES TREASURY BILL 02/27/2025 | 38.3 % |
| GREEN THUMB INDS SWAP | 18.9 % |
| UNITED STATES TREASURY BILL 02/20/2025 | 18.1 % |
| CURALEAF HOLDINGS, INC. | 13.6 % |
| UNITED STATES TREASURY BILL 03/06/2025 | 11.3 % |
| TRULIEVE CANNABIS SWAP | 11.2 % |
| VERANO HLDGS SWAP | 9.7 % |
| CRESCO LABS SWAP | 9.4 % |
| GLASS HOUSE BRANDS SWAP | 8.6 % |
| TERRASCEND CORP. | 5.1 % |
Constituent Breakdown
| Number of holdings | 7 |
| Herfindahl-Hirschman Index | 245 |
| Wgt avg mkt cap (mns) | $150 |
| 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
 |
UNITED STATES | 23.6 % |
 |
CANADA | 5.1 % |
Historical Performance
Standardized Performance (as of 12/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -46.7% | -46.7% | -33.6% | -- | -- | -- | -47.4% | Volatility | 68.3% | 66.7% | 58.4% | 56.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.23 | 16% |
| MSCI EAFE | 1.17 | 14% |
| MSCI Emg Mkts | 0.92 | 9% |
Liquidity Measures
| Avg. volume (000) | 164 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 1.34% |
| ADV of underlying (mns) | $48 |
Technical Indicators
| Recent close | $0.76 |
| 30d moving avg. | $0.90 |
| Annualized volatility | 54.2% |
| Relative strength (RSI) | 39 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
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. MJUS |
Expenses vs. MJUS |
ALTAR Score™ vs. MJUS |
|---|---|---|---|---|
| CNBS | Amplify Seymour Cannabis ETF | 21.5% | -1 bp | -48.0% |
Risk and Returns: MJUS 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 1/22/2025
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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
MJUS
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™
MJUS
1.5%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 970 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.5%. MJUS's ALTAR Score™ is approximately
1.6 standard deviations
below
the category average. This places MJUS in the 6th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MJUSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| MJUS (76 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MJUS | 76.0 | 133.7 | 209.7 |
| Peer Avg. | 66.1 | 45.9 | 112.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .