MJ vs. PYZ ETF Comparison
Comparison of ETFMG Alternative Harvest ETF (MJ) to PowerShares Dynamic Basic Materials (PYZ)
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
$3.73
Average Daily Volume
2,923,429
17
PYZ
PowerShares Dynamic Basic Materials
PYZ Description
The PowerShares Dynamic Basic Materials Sector Portfolio (Fund) is based on the Dynamic Basic Materials Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of stocks of 60 US basic materials companies. These are companies that are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$87.36
Average Daily Volume
2,690
50
Performance
| Period | MJ | PYZ |
|---|---|---|
| 30 Days | -6.52% | -3.58% |
| 60 Days | 6.32% | 1.78% |
| 90 Days | 5.14% | 6.54% |
| 12 Months | 21.47% | 11.19% |
MJ Underweight 48 Positions Relative to PYZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| STLD | B | -4.6% | |
| RS | D | -4.4% | |
| AVY | B | -4.13% | |
| NUE | D | -4.09% | |
| LYB | C | -3.72% | |
| LIN | C | -3.67% | |
| APD | D | -3.2% | |
| ATI | A | -2.77% | |
| WLK | B | -2.45% | |
| RPM | D | -2.34% | |
| LPX | C | -2.31% | |
| FCX | A | -2.26% | |
| SLVM | A | -2.13% | |
| CTVA | C | -2.08% | |
| WOR | D | -2.07% | |
| CE | D | -2.06% | |
| CLF | D | -2.04% | |
| DOW | C | -2.02% | |
| CRS | A | -2.02% | |
| SUM | C | -1.99% | |
| CBT | A | -1.98% | |
| ECL | C | -1.93% | |
| OLN | D | -1.88% | |
| VVV | C | -1.87% | |
| IFF | A | -1.83% | |
| UEC | B | -1.8% | |
| IP | D | -1.74% | |
| CMC | D | -1.7% | |
| FMC | D | -1.65% | |
| CF | C | -1.64% | |
| KWR | D | -1.64% | |
| CENX | A | -1.6% | |
| ESI | C | -1.51% | |
| NEU | D | -1.49% | |
| HWKN | A | -1.41% | |
| HUN | D | -1.32% | |
| OI | F | -1.3% | |
| FUL | D | -1.28% | |
| SXC | C | -1.27% | |
| CC | C | -1.24% | |
| MTRN | D | -1.2% | |
| IOSP | C | -1.18% | |
| AVNT | A | -1.15% | |
| KALU | A | -1.07% | |
| PCT | F | -1.04% | |
| MTX | C | -0.96% | |
| SCL | D | -0.91% | |
| BCPC | D | -0.89% |
MJ: Top Represented Industries & Keywords
PYZ: Top Represented Industries & Keywords
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