ETFMG U.S. Alternative Harvest ETF
ALTAR
Score™		 3.5% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 12.6x P/Sales
ratio		 1.6x
P/BV
ratio		 1.1x Div.
yield		 3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
MJUS is an actively managed portfolio of US stocks or swap contracts related to the cannabis industry.

FUND BASICS
Category US Equities
Fund Sponsor ETFMG
Website etfmg.com/funds/mjus/
Inception date May 12, 2021
Assets (mns) $83
Currency USD
Expense ratio 76 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 7
Wgt avg mkt cap (mns) $482
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 25.4%
Small cap (<$2bn) 74.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CURALEAF HOLDINGS, INC. 19.3 %
INNOVATIVE INDUSTRIAL PROPERTIES I 5.9 %
TERRASCEND CORP. 4.2 %
WM TECHNOLOGY, INC. CLASS A 0.8 %
CHICAGO ATLANTIC REAL ESTATE FINAN 0.4 %
AFC GAMMA, INC. 0.3 %
GROWGENERATION CORP. 0.2 %
SUNRISE REALTY TRUST INC 0.1 %
Total 31.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 26.9 %
CANADA 4.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.8% 5.5% -- -- -38.7%

Market Correlations
versus... Beta R-squared
S&P500 1.41 22%
MSCI EAFE 1.12 14%
MSCI Emg. Mkts. 0.82 8%

Technical Indicators
Recent close $1.02
30d moving avg. $1.50
Annualized volatility 52.7%
Short interest (ETF) 0.4%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 287
Turnover 0.4%
Bid/Ask (% of price) 0.85%
ADV underlying (mns) $17

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 114 potential alternatives to the ETFMG U.S. Alternative Harvest ETF ETF based on the alternatives' overlap in portfolio holdings with MJUS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MJUS Expense: 76 bp ALTAR Score™: 3.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MJUS
Ticker Fund
Name		 Overlap1
vs MJUS
(%)		 Expense
ratio
(bp)		 Savings
vs MJUS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs MJUS
(%)
CNBS Amplify Seymour Cannabis ETF 20.9 75 1 -32.0 -35.5
MSOS AdvisorShares Pure US Cannabis ETF 8.0 83 -7 -120.3 -123.8
MJ ETFMG Alternative Harvest 7.7 75 1 -42.4 -45.9
TOKE Cambria Cannabis ETF 4.9 42 34 1.8 -1.7
NETL NETLease Corporate Real Estate ETF 3.5 60 16 8.5 +5.0
KBWY Invesco KBW Premium Yield Equity REIT ETF 3.0 35 41 16.8 +13.3
IRET iREIT - MarketVector Quality REIT Index ETF 2.8 60 16 6.2 +2.7
RDOG ALPS REIT Dividend Dogs ETF 1.9 35 41 16.8 +13.3
YOLO AdvisorShares Pure Cannabis ETF 1.4 103 -27 -38.0 -41.5
RIET Hoya Capital High Dividend Yield ETF 1.3 50 26 12.3 +8.7
SPRE SP Funds S&P Global REIT Sharia ETF 1.3 55 21 4.6 +1.1
REAI Intelligent Real Estate ETF 1.3 59 17 12.8 +9.2
VRAI Virtus Real Asset Income ETF 1.2 55 21 8.0 +4.4
PPTY US Diversified Real Estate ETF 1.1 53 23 5.6 +2.1
BLDG Cambria Global Real Estate ETF 1.1 60 16 14.3 +10.7
ROOF IQ CBRE NextGen Real Estate ETF 0.9 60 16 8.1 +4.6
DFRA Donoghue Forlines Yield Enhanced Real Asset ETF 0.8 69 7 8.1 +4.6
XSMO Invesco S&P SmallCap Momentum ETF 0.8 39 37 6.8 +3.3
SMCP AlphaMark Actively Managed Small Cap ETF 0.8 90 -14 3.9 +0.4
PSCF Invesco S&P SmallCap Financials ETF 0.8 29 47 8.5 +4.9
REM iShares Mortgage Real Estate ETF 0.7 48 28 14.0 +10.4
ROSC Hartford Multifactor Small Cap ETF 0.7 34 42 8.6 +5.1
GQRE FlexShares Global Quality Real Estate Index Fund 0.5 45 31 5.9 +2.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.5 35 41 6.6 +3.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.5 39 37 5.8 +2.2
DES WisdomTree U.S. SmallCap Dividend Fund 0.4 38 38 6.8 +3.3
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.4 25 51 7.2 +3.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.4 29 47 6.5 +3.0
AFSM First Trust Active Factor Small Cap ETF 0.4 75 1 6.3 +2.8
PSC Principal U.S. Small-Cap ETF 0.4 38 38 5.9 +2.3
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 0.3 11 65 6.3 +2.8
RWR SPDR Dow Jones REIT ETF 0.3 25 51 6.1 +2.6
EES WisdomTree U.S. SmallCap Fund 0.3 38 38 9.1 +5.5
SCHH Schwab U.S. REIT ETF 0.3 7 69 6.5 +3.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.3 71 5 -0.5 -4.0
AVRE Avantis Real Estate ETF 0.3 17 59 5.9 +2.3
IWN iShares Russell 2000 Value ETF 0.2 24 52 4.8 +1.2
VTWV Vanguard Russell 2000 Value ETF 0.2 15 61 4.9 +1.4
FRI First Trust S&P REIT Index Fund 0.2 50 26 5.9 +2.4
IJT iShares S&P Small-Cap 600 Growth ETF 0.2 18 58 5.8 +2.2
XJR iShares ESG Screened S&P Small-Cap ETF 0.2 12 64 7.0 +3.4
KROP Global X AgTech & Food Innovation ETF 0.2 50 26 4.7 +1.2
USRT iShares Core U.S. REIT ETF 0.2 8 68 6.3 +2.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.2 15 61 5.8 +2.3
SLYG SPDR S&P 600 Small Cap Growth ETF 0.2 15 61 5.8 +2.2
DFAR Dimensional US Real Estate ETF 0.2 19 57 6.3 +2.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.2 9 67 3.3 -0.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.2 15 61 7.5 +3.9
IJR iShares Core S&P Small Cap ETF 0.2 6 70 6.6 +3.1
VIOO Vanguard S&P Small-Cap 600 ETF 0.2 10 66 6.6 +3.0
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.2 3 73 6.7 +3.1
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 26 6.1 +2.6
VNQ Vanguard Real Estate ETF 0.2 12 64 6.2 +2.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 72 4.8 +1.2
JSML Janus Henderson Small Cap Growth Alpha ETF 0.2 30 46 6.5 +3.0
IJS iShares S&P Small-Cap 600 Value ETF 0.2 18 58 7.4 +3.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.2 15 61 7.4 +3.9
SLYV SPDR S&P 600 Small Cap Value ETF 0.2 15 61 7.4 +3.9
REET iShares Global REIT ETF 0.2 14 62 6.2 +2.7
DFGR Dimensional Global Real Estate ETF 0.2 22 54 6.2 +2.7
RNSC Furst Trust Small Cap US Equity Select ETF 0.2 60 16 6.8 +3.3
STXK Strive Small-Cap ETF 0.1 18 58 5.0 +1.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 46 5.4 +1.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.1 61 15 4.6 +1.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 37 4.1 +0.5
ERET iShares Environmentally Aware Real Estate ETF 0.1 30 46 6.5 +2.9
RSSL Global X Russell 2000 ETF 0.1 8 68 2.6 -1.0
IWC iShares Micro-Cap ETF 0.1 60 16 -4.9 -8.4
IWM iShares Russell 2000 ETF 0.1 19 57 2.8 -0.8
VTWO Vanguard Russell 2000 ETF 0.1 10 66 2.9 -0.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 56 4.6 +1.0
VBK Vanguard Small-Cap Growth ETF 0.1 7 69 1.1 -2.5
SCHA Schwab U.S. Small-Cap ETF 0.1 4 72 4.4 +0.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 64 7.2 +3.6
ERNZ TrueShares Active Yield ETF 0.1 75 1 10.9 +7.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.1 24 52 7.0 +3.5
SSLY Syntax Stratified SmallCap ETF 0.1 40 36 7.4 +3.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 70 2.3 -1.3
DEW WisdomTree Global High Dividend Fund 0.1 58 18 8.5 +5.0
ISCB iShares Morningstar Small-Cap ETF 0.1 4 72 4.8 +1.2
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 70 7.2 +3.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 12 1.8 -1.7
VB Vanguard Small-Cap ETF 0.0 5 71 4.9 +1.4
VXF Vanguard Extended Market ETF 0.0 6 70 3.5 -0.1
DHS WisdomTree U.S. High Dividend Fund 0.0 38 38 7.6 +4.0
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 51 4.7 +1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 67 5.4 +1.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.0 39 37 7.5 +4.0
DIVB iShares Core Dividend ETF 0.0 5 71 7.5 +3.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.0 47 29 8.0 +4.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 64 4.5 +1.0
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 64 6.7 +3.1
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 48 6.0 +2.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 51 5.2 +1.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 73 4.9 +1.3
IWV iShares Russell 3000 ETF 0.0 20 56 4.7 +1.1
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 67 4.8 +1.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 51 6.0 +2.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 73 4.8 +1.3
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 73 5.1 +1.6
VTHR Vanguard Russell 3000 ETF 0.0 10 66 4.7 +1.2
VTI Vanguard Total Stock Market ETF 0.0 3 73 4.7 +1.2
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 48 7.8 +4.2
VT Vanguard Total World Stock ETF 0.0 7 69 5.5 +2.0
DFAS Dimensional U.S. Small Cap ETF 0.0 26 50 5.5 +2.0
DFIS Dimensional International Small Cap ETF 0.0 39 37 6.9 +3.3
IWO iShares Russell 2000 Growth ETF 0.0 24 52 0.6 -3.0
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 61 0.7 -2.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 37 7.2 +3.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 46 8.0 +4.4
AVUS Avantis U.S. Equity ETF 0.0 15 61 5.6 +2.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 59 5.3 +1.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 58 5.4 +1.9
DFUS Dimensional U.S. Equity ETF 0.0 9 67 4.9 +1.3

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

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 ETFMG U.S. Alternative Harvest ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 4.8 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 76 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.19 CATEGORY
AVERAGE		 1.57
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.