Amplify Alternative Harvest ETF

Price: $3.51
Change: $0.09 (-0.03%)
Last Updated:


Brand Amplify
Structure ETF
Expense Ratio 0.78%
ETF Home Page Home page
Inception Dec 03, 2015

Analyst Report

The ETFMG Alternative Harvest ETF was the first pure-play cannabis ETF listed in the U.S. The ETF tracks an index of companies involved in the legal business of growing, marketing and selling cannabis products for medical and recreational use.

Since marijuana is still illegal under U.S. federal law, the fund’s holdings are dominated by Canadian cannabis companies. MJ’s portfolio is rounded out with investments in other industries like fertilizer and tobacco.

Like other cannabis ETFs, MJ’s holdings are largely concentrated in thinly-traded small-cap equities, which has raised questions about whether there’s enough liquidity in the underlying stocks to absorb investor inflows without distorting prices.

MJ is one of the most expensive options on the market, with a management fee of $75 a year for every $1,000 invested. Rivals offering similar exposure charge much less: The Cannabis ETF (THCX) charges $70 and the Global X Cannabis ETF (POTX) costs just $50. Another interesting alternative is the Cambria Cannabis ETF (TOKE), an actively-managed fund. MJ is by far the largest fund, and short-term traders might prefer MJ’s size and liquidity to that of its smaller competitors.

Investors should discount MJ’s performance prior to Dec. 26, 2017, which is when ETF Managers Group converted it to cannabis investing. Prior to that, the fund invested in Latin American real estate.

One unusual consideration in the case of MJ is the reputation of ETF Managers Group, the firm that runs the fund. ETFMG is facing lawsuits from former business partners alleging theft of profits and intellectual property. So far there’s little indication that the firm’s legal woes have hurt investors in the ETFs but investors should be aware of the controversy. In December 2019, a federal judge ordered ETFMG to pay $80 million to Nasdaq, one former business partner. The judge sharply criticized ETFMG’s founder and chief executive. ETFMG has appealed.

ETF Database Themes

Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: Global Cannabis
Category Sector
Focus Theme
Niche Cannabis
Strategy Vanilla
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $2.56
  • 52 Week Hi $4.83
  • AUM $247.9 M
  • Shares 68.6 M

Historical Trading Data

  • 1 Month Avg. Volume 1,163,448
  • 3 Month Avg. Volume 2,182,569

Alternative ETFs in the ETF Database Small Cap Blend Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPSM 0.03% $10.3 B 1 M -1.30%
Largest (AUM) IJR 0.06% $77.8 B 3 M -1.19%
Most Liquid (Volume) IWM 0.19% $60.9 B 30 M 1.15%
Top YTD Performer AFMC 0.65% $11.8 M 2,848 10.16%

Alternative ETFs in the FactSet Equity: Global Cannabis Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest WEED 0.40% $5.9 M 11,352 5.82%
Largest (AUM) YOLO 1.03% $47.3 M 72,578 17.34%
Most Liquid (Volume) YOLO 1.03% $47.3 M 72,578 17.34%
Top YTD Performer YOLO 1.03% $47.3 M 72,578 17.34%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

MJ ETF Database Category Average FactSet Segment Average
Number of Holdings 27 508 21
% of Assets in Top 10 87.39% 21.15% 88.88%
% of Assets in Top 15 92.97% 25.55% 96.47%
% of Assets in Top 50 100.00% 46.53% 100.00%

Size Comparison

MJ ETF Database Category Average FactSet Segment Average
Large (>12.9B) 3.00% 4.28% 3.80%
Mid (>2.7B) 8.24% 46.10% 8.05%
Small (>600M) 20.61% 32.81% 8.60%
Micro (<600M) 20.71% 6.06% 22.23%

MJ Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

MJ Dividend

This section compares the dividend yield of this ETF to its peers.

MJ ETF Database Category Average FactSet Segment Average
Dividend $ 0.06 $ 0.19 $ 0.05
Dividend Date 2024-03-26 N/A N/A
Annual Dividend Rate $ 0.17 $ 0.84 $ 0.09
Annual Dividend Yield 4.76% 1.78% 2.04%

MJ Price and Volume Charts

View charts featuring MJ price and volume data.

MJ Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 3 M 3 Month Net Flows: 3 M 6 Month Net Flows: -443.59 K 1 Year Net Flows: -3.25 M 3 Year Net Flows: -113.42 M 5 Year Net Flows: 586.71 M 10 Year Net Flows: 1.86 B

MJ Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -3.29 M
1 Month Net AUM Change: -25.55 M
3 Month Net AUM Change: 26.06 M
6 Month Net AUM Change: 17.25 M
1 Year Net AUM Change: 33.48 M
3 Year Net AUM Change: -1.47 B
5 Year Net AUM Change: -930.83 M
10 Year Net AUM Change: 247.92 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for MJ on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Small Cap Blend Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A IWM
Expenses C+ SPSM

A+ Overall Rated ETF:

MJ Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores

MJ does not have an ESG score. There are no ESG themes that map to this ETF.

MJ Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

MJ ETF Database
Category Average
Factset Segment
1 Month Return -14.60% -2.93% -10.52%
3 Month Return 14.44% -0.16% 4.15%
YTD Return 10.19% 0.98% 5.60%
1 Year Return 19.98% 11.31% 17.70%
3 Year Return -43.62% -1.94% -23.24%
5 Year Return -33.44% 5.00% -9.01%

Geographic Exposure

The following charts reflect the geographic spread of MJ's underlying holdings.

Region Percentage
North, Central and South America 97.17%
Europe 2.58%
Other 0.25%
Country Percentage
Other 47.03%
Canada 32.58%
United States 17.09%
United Kingdom 1.51%
Ireland 0.72%
Denmark 0.61%
Israel 0.46%

Holdings Analysis

The following charts reflect the allocation of MJ's underlying holdings.

Sector Percentage
Miscellaneous 47.57%
Process Industries 25.83%
Finance 11.33%
Health Technology 6.72%
Consumer Non-Durables 4.28%
Retail Trade 1.77%
Distribution Services 1.5%
Technology Services 0.75%
CASH 0.25%
Market Cap Percentage
Micro 20.71%
Small 20.61%
Mid 8.24%
Large 3.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 52.97%
Exchange Traded Fund (ETF-ETF) 45.49%
Open-ended Fund 1.29%
CASH 0.25%
Sector Percentage
Miscellaneous 47.57%
Process Industries 25.83%
Finance 11.33%
Health Technology 6.72%
Consumer Non-Durables 4.28%
Retail Trade 1.77%
Distribution Services 1.5%
Technology Services 0.75%
CASH 0.25%

MJ Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 132.01%
20 Day Volatility 33.73%
50 Day Volatility 73.14%
200 Day Volatility 66.18%
Beta 1.63
Standard Deviation 0.45%
5 Day Volatility
31 of 59

20 Day Volatility
3 of 59

50 Day Volatility
3 of 59

200 Day Volatility
2 of 59

2 of 56

Standard Deviation
54 of 55


  • 20 Day MA $3.79
  • 60 Day MA $3.96
  • MACD 15 Period -0.15
  • MACD 100 Period -0.25
  • Williams % Range 10 Day 96.29
  • Williams % Range 20 Day 99.09
  • RSI 10 Day 31
  • RSI 20 Day 41
  • RSI 30 Day 45
  • Ultimate Oscillator 31

Bollinger Bands

  • Lower Bollinger (10 Day) $3.53
  • Upper Bollinger (10 Day) $3.73
  • Lower Bollinger (20 Day) $3.30
  • Upper Bollinger (20 Day) $4.33
  • Lower Bollinger (30 Day) $3.38
  • Upper Bollinger (30 Day) $4.50

Support & Resistance

  • Support Level 1 $3.46
  • Support Level 2 $3.41
  • Resistance Level 1 $3.60
  • Resistance Level 2 $3.69


  • Stochastic Oscillator %D (1 Day) 22.67
  • Stochastic Oscillator %D (5 Day) 20.29
  • Stochastic Oscillator %K (1 Day) 32.55
  • Stochastic Oscillator %K (5 Day) 22.67


  • Tracking Difference Median (%) 1.15
  • Tracking Difference Max Upside (%) 4.97
  • Tracking Difference Max Downside (%) -2.18
  • Median Premium Discount (%) 0.09
  • Maximum Premium Discount (%) 1.46
  • Average Spread (%) 1.02
  • Average Spread ($) 1.02

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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