MJ vs. BIS ETF Comparison
Comparison of ETFMG Alternative Harvest ETF (MJ) to ProShares UltraShort Nasdaq Biotechnology (BIS)
MJ
ETFMG Alternative Harvest ETF
MJ Description
MJ tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives. First U.S. and world’s largest ETF to target the global cannabis industry. Many other significant applications for cannabis and THC based medicines and treatments ranging from epilepsy to cancer treatment to non-opioid pain management. The global cannabis market is expected to grow at a CAGR of around 17% and reach $55.8 billion by 2025.¹
Grade (RS Rating)
Last Trade
$4.18
Average Daily Volume
2,633,348
17
BIS
ProShares UltraShort Nasdaq Biotechnology
BIS Description
The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology Index®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. It is non-diversified.Grade (RS Rating)
Last Trade
$18.08
Average Daily Volume
6,825
75
Performance
| Period | MJ | BIS |
|---|---|---|
| 30 Days | 0.00% | -1.63% |
| 60 Days | 30.92% | 4.83% |
| 90 Days | 13.41% | 0.61% |
| 12 Months | 21.77% | -3.24% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MJ | Weight in BIS | Overlap | |
|---|---|---|---|---|---|
| JAZZ | D | 0.44% | 1.03% | 0.44% |
MJ Underweight 74 Positions Relative to BIS
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMGN | B | -8.14% | |
| GILD | F | -7.41% | |
| VRTX | C | -7.21% | |
| BIIB | C | -6.12% | |
| ILMN | F | -5.67% | |
| REGN | C | -4.13% | |
| INCY | D | -2.09% | |
| BMRN | F | -1.91% | |
| ALNY | D | -1.6% | |
| VTRS | C | -1.35% | |
| SNY | B | -1.29% | |
| NBIX | B | -1.16% | |
| SRPT | B | -1.15% | |
| NVCR | D | -1.1% | |
| TECH | B | -1.02% | |
| IONS | F | -1.02% | |
| GH | D | -0.96% | |
| AMRN | F | -0.85% | |
| MRNA | B | -0.83% | |
| BGNE | C | -0.83% | |
| ACAD | F | -0.81% | |
| ASND | D | -0.77% | |
| EXEL | F | -0.73% | |
| ARWR | F | -0.65% | |
| BLUE | F | -0.65% | |
| BBIO | F | -0.51% | |
| ALLK | D | -0.49% | |
| UTHR | B | -0.49% | |
| NKTR | B | -0.48% | |
| SAGE | F | -0.48% | |
| BPMC | A | -0.48% | |
| FGEN | F | -0.47% | |
| DCPH | A | -0.43% | |
| AGIO | B | -0.43% | |
| CRSP | F | -0.42% | |
| RARE | F | -0.42% | |
| ADPT | D | -0.42% | |
| MEDP | D | -0.4% | |
| PTCT | C | -0.4% | |
| ARGX | C | -0.4% | |
| AXSM | B | -0.38% | |
| ALLO | F | -0.37% | |
| GRFS | D | -0.36% | |
| IOVA | D | -0.36% | |
| ALKS | F | -0.36% | |
| KOD | D | -0.35% | |
| HALO | C | -0.35% | |
| QURE | F | -0.35% | |
| FOLD | F | -0.32% | |
| APLS | F | -0.31% | |
| XNCR | B | -0.26% | |
| MYGN | A | -0.26% | |
| DNLI | D | -0.26% | |
| ZLAB | F | -0.24% | |
| IRWD | F | -0.24% | |
| ARVN | D | -0.24% | |
| INSM | D | -0.23% | |
| FATE | F | -0.23% | |
| PCRX | D | -0.22% | |
| GLPG | F | -0.22% | |
| ITCI | C | -0.21% | |
| RGNX | F | -0.21% | |
| ESPR | D | -0.19% | |
| EDIT | F | -0.19% | |
| LGND | C | -0.19% | |
| INVA | B | -0.18% | |
| VCYT | F | -0.18% | |
| ALEC | F | -0.18% | |
| TBPH | C | -0.17% | |
| YMAB | C | -0.16% | |
| CHRS | F | -0.16% | |
| HCM | B | -0.15% | |
| NGM | D | -0.15% | |
| SUPN | D | -0.15% |
MJ: Top Represented Industries & Keywords
BIS: Top Represented Industries & Keywords
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