ETFMG Alternative Harvest
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
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 |
Category | US Equities |
Fund Sponsor | ETF Managers Group |
Website | www.etfmj.com |
Inception date | Dec 03, 2015 |
Assets (mns) | $171 |
Currency | USD |
Expense ratio | 75 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Market Cap |
Index replication | |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 8 |
Wgt avg mkt cap (mns) | $186 |
Large cap (>$10bn) | 0.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 100.0% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
AMPLIFY SEYMOUR CANNABIS ETF | 51.0 % |
TILRAY, INC. | 17.8 % |
SUNDIAL GROWERS INC. | 8.4 % |
CRONOS GROUP INC | 6.9 % |
CANOPY GROWTH CORP | 3.9 % |
AURORA CANNABIS INC. | 3.8 % |
VILLAGE FARMS INTERNATIONAL, INC. | 3.7 % |
HIGH TIDE, INC. | 3.0 % |
ORGANIGRAM GLOBAL INC | 2.0 % |
CASH & OTHER | 0.3 % | Total | 100.8 % |
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CANADA | 43.6 % |
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MEXICO | 0.0 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
40.5% | 1.5% | -21.2% | -- | -16.6% |
versus... | Beta | R-squared |
S&P500 | -3.02 | 1% |
MSCI EAFE | 3.07 | 1% |
MSCI Emg. Mkts. | 1.53 | 0% |
Recent close | $31.04 |
30d moving avg. | $29.42 |
Annualized volatility | 561.2% |
Short interest (ETF) | 2.0% |
Short interest (Underlying) | 5.3% |
Relative strength (RSI) | 60 |
Avg. volume (thou.) | 140 |
Turnover | 2.5% |
Bid/Ask (% of price) | 0.56% |
ADV underlying (mns) | $1,088 |
FINDING ALTERNATIVE FUNDS
Below is a list of 22 potential alternatives to the ETFMG Alternative Harvest ETF based on the alternatives' overlap in portfolio holdings with MJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | MJ | Expense: | 75 bp | ALTAR Score™: | 0.0% |
Ticker | Fund Name |
Overlap1 vs MJ (%) |
Expense ratio (bp) |
Savings vs MJ (bp) |
ALTAR Score™ (%) |
ALTAR vs MJ (%) |
YOLO | AdvisorShares Pure Cannabis ETF | 15.5 | 103 | -28 | -4.1 | -4.1 |
TOKE | Cambria Cannabis ETF | 13.0 | 42 | 33 | 1.1 | +1.1 |
SFYF | SoFi Social 50 ETF | 0.3 | 29 | 46 | 0.4 | +0.4 |
PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 0.1 | 49 | 26 | 6.7 | +6.7 |
BBSC | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 0.1 | 9 | 66 | 4.2 | +4.2 |
PRFZ | Invesco FTSE RAFI US 1500 Small-Mid ETF | 0.0 | 39 | 36 | 5.3 | +5.3 |
GWX | SPDR S&P International Small Cap ETF | 0.0 | 40 | 35 | 5.9 | +5.9 |
SMLF | iShares U.S. SmallCap Equity Factor ETF | 0.0 | 15 | 60 | 5.8 | +5.8 |
VHT | Vanguard Health Care ETF | 0.0 | 9 | 66 | 6.1 | +6.1 |
FHLC | Fidelity MSCI Health Care Index ETF | 0.0 | 8 | 67 | 6.4 | +6.4 |
TILT | FlexShares Morningstar US Market Factor Tilt Index Fund | 0.0 | 25 | 50 | 5.6 | +5.6 |
ONEQ | Fidelity Nasdaq Composite Index ETF | 0.0 | 21 | 54 | 3.7 | +3.7 |
DFIS | Dimensional International Small Cap ETF | 0.0 | 39 | 36 | 7.2 | +7.2 |
DFAI | Dimensional International Core Equity Market ETF | 0.0 | 18 | 57 | 7.1 | +7.1 |
DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 0.0 | 30 | 45 | 7.7 | +7.7 |
DXIV | Dimensional International Vector Equity ETF | 0.0 | 34 | 41 | 7.7 | +7.7 |
IDEV | iShares Core MSCI International Developed Markets ETF | 0.0 | 4 | 71 | 6.9 | +6.9 |
SPGM | SPDR Portfolio MSCI Global Stock Market ETF | 0.0 | 9 | 66 | 5.6 | +5.6 |
IXUS | iShares Core MSCI Total International Stock ETF | 0.0 | 7 | 68 | 7.8 | +7.8 |
VT | Vanguard Total World Stock ETF | 0.0 | 6 | 69 | 5.8 | +5.8 |
SPDW | SPDR Portfolio Developed World ex-US ETF | 0.0 | 3 | 72 | 6.9 | +6.9 |
DFIC | Dimensional International Core Equity 2 ETF | 0.0 | 23 | 52 | 7.3 | +7.3 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2024 | 2025E | 2026E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
ETFMG Alternative Harvest | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
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 not be relevant. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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