MJ vs. PBJ ETF Comparison
Comparison of ETFMG Alternative Harvest ETF (MJ) to PowerShares Dynamic Food & Beverage (PBJ)
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
$3.20
Average Daily Volume
757,393
14
PBJ
PowerShares Dynamic Food & Beverage
PBJ Description
The PowerShares Dynamic Food & Beverage Portfolio (Fund) is based on the Dynamic Food & Beverage 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 food and beverage companies. These are companies that are principally engaged in the manufacture, sale or distribution of sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$47.72
Average Daily Volume
9,470
29
Performance
| Period | MJ | PBJ |
|---|---|---|
| 30 Days | 2.13% | 0.55% |
| 60 Days | -3.33% | 4.19% |
| 90 Days | -2.75% | 4.76% |
| 12 Months | 1.76% | 16.28% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MJ | Weight in PBJ | Overlap |
|---|
MJ Underweight 29 Positions Relative to PBJ
| Symbol | Grade | Weight | |
|---|---|---|---|
| KR | C | -5.18% | |
| STZ | B | -5.13% | |
| CTVA | A | -5.08% | |
| KDP | C | -5.07% | |
| GIS | C | -5.06% | |
| SYY | B | -4.89% | |
| KO | C | -4.86% | |
| KHC | D | -4.73% | |
| VITL | B | -2.93% | |
| AGRO | C | -2.85% | |
| SFM | A | -2.82% | |
| WING | B | -2.79% | |
| CALM | B | -2.79% | |
| DOLE | C | -2.78% | |
| CAG | D | -2.75% | |
| FRPT | C | -2.75% | |
| WMK | D | -2.73% | |
| NOMD | D | -2.71% | |
| TAP | D | -2.71% | |
| FDP | C | -2.68% | |
| ANDE | D | -2.67% | |
| ADM | D | -2.67% | |
| IMKTA | F | -2.63% | |
| CHEF | C | -2.59% | |
| COKE | B | -2.58% | |
| BG | F | -2.57% | |
| KLG | D | -2.56% | |
| PPC | B | -2.56% | |
| TSN | D | -2.52% |
MJ: Top Represented Industries & Keywords
PBJ: Top Represented Industries & Keywords
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