ETFMG 2X Daily Alternative Harvest ETF

Frequently Asked Questions About MJXL

What does MJXL invest in?

The financial instruments in which the fund most commonly invests are swap agreements which are intended to produce economically leveraged investment results. The index tracks the performance of the exchange-listed common stock of companies across the globe. The fund is non-diversified.

What is the expense ratio of MJXL?

ETFMG 2X Daily Alternative Harvest ETF (MJXL) charges an expense ratio of 1.01%. This is the annual fee deducted from fund assets to cover management and operations.

Is MJXL a good long-term hold?

MJXL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does MJXL's daily reset work?

MJXL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is MJXL?

ETFMG 2X Daily Alternative Harvest ETF (MJXL) manages $657,300 in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MJXL actively managed or an index fund?

MJXL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.