The Madden-Julian Oscillation (MJO) is a climate index that captures tropical variability at a finer resolution (i.e. intra-annual) than the (inter-annual) ENSO index over approximately the same geographic region. Since much of the MJO variability is observed as 30 to 60 day cycles (and these are traveling waves, not standing waves), providing MJO data as a monthly time-series will filter out the fast cycles. Still, it is interesting to analyze the monthly MJO data and compare/contrast that to ENSO. As a disclaimer, it is known that inter-annual variability of the MJO is partly linked to ENSO, but the following will clearly show that connection.
This is the fit of MJO (longitude index #1) using the ENSO model as a starting point (either the NINO34 or SOI works equally well).
The constituent temporal forcing factors for MJO and ENSO align precisely
This is not surprising because the monthly filtered MJO does show the same El Nino peaks at 1983, 1998, and 2016 as the ENSO time-series. The only difference is in the LTE spatial modulation applied during the fitting process, whereby the MJO has a stronger high-wavenumber factor than the ENSO time series.
This is the SOI fit over the same 1980+ interval as MJO, with an almost 0.6 correlation.