MJ vs. PBE ETF Comparison
Comparison of ETFMG Alternative Harvest ETF (MJ) to PowerShares Dynamic Biotech & Genome (PBE)
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
$3.38
Average Daily Volume
772,401
14
PBE
PowerShares Dynamic Biotech & Genome
PBE Description
The PowerShares Dynamic Biotechnology & Genome Portfolio (Fund) is based on the Dynamic Biotech & Genome 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 biotechnology and genome companies. These are companies that are principally engaged in the research, development, manufacture and marketing and distribution of various biotechnological products, services and processes and companies that benefit significantly from scientific and technological advances biotechnology and genetic engineering and reseach. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$71.22
Average Daily Volume
10,275
30
Performance
| Period | MJ | PBE |
|---|---|---|
| 30 Days | -6.63% | 2.52% |
| 60 Days | -5.06% | 3.77% |
| 90 Days | 0.79% | 11.70% |
| 12 Months | -17.55% | 20.60% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MJ | Weight in PBE | Overlap |
|---|
MJ Underweight 30 Positions Relative to PBE
| Symbol | Grade | Weight | |
|---|---|---|---|
| ILMN | C | -5.69% | |
| GILD | B | -5.61% | |
| BMRN | F | -5.47% | |
| REGN | C | -5.47% | |
| INCY | C | -5.09% | |
| AMGN | B | -4.99% | |
| VRTX | C | -4.85% | |
| NBIX | D | -3.95% | |
| HALO | B | -3.56% | |
| VCYT | B | -3.4% | |
| MNKD | B | -3.25% | |
| TGTX | B | -3.24% | |
| UTHR | C | -3.24% | |
| IONS | F | -3.13% | |
| EXEL | A | -3.11% | |
| CPRX | B | -2.97% | |
| OPK | C | -2.94% | |
| COLL | C | -2.75% | |
| ITCI | D | -2.74% | |
| MYGN | C | -2.69% | |
| QGEN | B | -2.54% | |
| VCEL | F | -2.47% | |
| DVAX | D | -2.33% | |
| PTCT | C | -2.28% | |
| RGEN | F | -2.28% | |
| BPMC | F | -2.24% | |
| TECH | D | -2.21% | |
| IRWD | F | -2.08% | |
| XNCR | C | -1.76% | |
| SAGE | F | -1.66% |
MJ: Top Represented Industries & Keywords
PBE: Top Represented Industries & Keywords
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