PJP vs. MJ ETF Comparison
Comparison of PowerShares Dynamic Pharmaceuticals (PJP) to ETFMG Alternative Harvest ETF (MJ)
PJP
PowerShares Dynamic Pharmaceuticals
PJP Description
The PowerShares Dynamic Pharmaceuticals Portfolio (Fund) is based on the Dynamic Pharmaceutical 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 is designed to provide capital appreciation by thoroughly evaluating 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 common stocks of 30 US pharmaceuticals companies. These are companies that are principally engaged in the research, development, manufacture, sale or distribution of pharmaceuticals and drugs of all types. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$85.61
Average Daily Volume
8,329
25
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 2025.¹Grade (RS Rating)
Last Trade
$2.54
Average Daily Volume
904,244
14
Performance
| Period | PJP | MJ |
|---|---|---|
| 30 Days | -2.45% | -26.38% |
| 60 Days | -2.57% | -20.43% |
| 90 Days | -2.28% | -26.33% |
| 12 Months | 23.04% | -12.00% |
1 Overlapping Holdings
| Symbol | Grade | Weight in PJP | Weight in MJ | Overlap | |
|---|---|---|---|---|---|
| JAZZ | B | 3.62% | 0.8% | 0.8% |
PJP Overweight 24 Positions Relative to MJ
| Symbol | Grade | Weight | |
|---|---|---|---|
| ABT | B | 5.77% | |
| JNJ | C | 5.29% | |
| CORT | B | 5.29% | |
| AMGN | F | 5.13% | |
| PFE | F | 5.12% | |
| ABBV | F | 4.91% | |
| MRK | D | 4.79% | |
| LLY | F | 4.67% | |
| BMY | B | 4.07% | |
| GILD | C | 4.0% | |
| PBH | A | 3.82% | |
| PCRX | C | 3.78% | |
| UTHR | C | 3.7% | |
| REGN | F | 3.69% | |
| LGND | C | 3.63% | |
| VTRS | A | 3.61% | |
| AMRX | C | 3.55% | |
| SUPN | C | 3.47% | |
| INVA | D | 3.37% | |
| ANIP | F | 3.12% | |
| AMPH | F | 3.11% | |
| PRGO | C | 3.08% | |
| BIIB | F | 2.71% | |
| GERN | D | 2.66% |
PJP: Top Represented Industries & Keywords
MJ: Top Represented Industries & Keywords
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