PSIL vs. MJ ETF Comparison
Comparison of AdvisorShares Psychedelics ETF (PSIL) to ETFMG Alternative Harvest ETF (MJ)
PSIL
AdvisorShares Psychedelics ETF
PSIL Description
AdvisorShares Trust - AdvisorShares Psychedelics ETF is an exchange traded fund launched and managed by AdvisorShares Investments, LLC. The fund invests in public equity markets of global region. It invests directly and through derivatives in stocks of companies operating across healthcare, pharmaceuticals, biotechnology and life sciences companies focused on plant-based psychedelic medicines as well as other companies with business activities in the psychedelics industry sectors. The fund uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. The investment seeks long-term capital appreciation. AdvisorShares Trust - AdvisorShares Psychedelics ETF is domiciled in the United States.
Grade (RS Rating)
Last Trade
$12.18
Average Daily Volume
32,540
8
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
$2.52
Average Daily Volume
913,379
14
Performance
Period | PSIL | MJ |
---|---|---|
30 Days | -3.95% | -27.06% |
60 Days | 54.07% | -22.49% |
90 Days | 34.56% | -26.91% |
12 Months | -9.88% | -12.69% |
0 Overlapping Holdings
Symbol | Grade | Weight in PSIL | Weight in MJ | Overlap |
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PSIL: Top Represented Industries & Keywords
MJ: Top Represented Industries & Keywords