MJ vs QQQ
Amplify Alternative Harvest ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MJ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.18% | |
| AUM | $99M | $455.8B | |
| Dividend Yield | 2.33% | 0.41% | |
| Holdings | 12 | 108 | |
| YTD Return | -17.62% | +19.68% | |
| 1Y Return | -25.63% | +26.75% | |
| 3Y Return (annualized) | -7.77% | +26.25% | |
| 5Y Return (annualized) | -31.76% | +15.39% | |
| Volatility (annualized) | 50.5% | 30.6% | |
| Max Drawdown | -95.8% | -83.0% | |
| Fund Family | Amplify ETFs | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 3, 2015 | Mar 10, 1999 |
MJ vs QQQ Performance
Amplify Alternative Harvest ETF (MJ) is a ETF from Amplify ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MJ returned -25.63% while QQQ returned +26.75%. Year to date, MJ is down 17.62% versus a gain of 19.68% for QQQ.
Over three years, MJ compounded at -7.77% per year against +26.25% for QQQ; over five years the annualized figures are -31.76% and +15.39% respectively. Across the full 11-year window we track, QQQ has the edge at +13.15% annualized vs -17.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MJ has been the more volatile fund, with annualized monthly volatility of 50.5% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -95.8% for MJ and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MJ charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, MJ currently yields 2.33% against 0.41% for QQQ.
Holdings Overlap
MJ and QQQ share 0 holdings out of 113 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MJ or QQQ?
MJ has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, MJ or QQQ?
Over the past year MJ returned -25.63% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), MJ annualized -17.26% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, MJ or QQQ?
MJ has been the more volatile fund at 50.5% annualized versus 30.6% for QQQ. Worst drawdown: MJ -95.8% vs QQQ -83.0%.
Should I hold both MJ and QQQ?
MJ and QQQ have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MJ and QQQ?
MJ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 113 unique securities.
Which pays a higher dividend, MJ or QQQ?
MJ yields 2.33% while QQQ yields 0.41%, so MJ currently pays the higher dividend yield.
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