MSOS — AdvisorShares Pure US Cannabis ETF

MSOS Price Performance — Growth of $10,000

Value of a $10,000 investment in MSOS over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

MSOS Drawdown

The "underwater" chart: MSOS's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

AdvisorShares manages the Pure US Cannabis ETF, a thematic fund that holds 37.1% of its assets in its top ten positions, with Curaleaf Holdings Inc representing the largest single stake at 12.3%. With $974 million in assets, the fund carries an F grade and ranks 17th out of 17 peers in its category. Its 0.78% expense ratio exceeds the category median of 0.68%, while the 0.00% dividend yield falls below the median of 0.49%. This positioning places it at the bottom of its specific peer group and near the end of the broader market with an overall rank of 451 out of 458 tracked ETFs.

The fund’s price of $5.11 sits at 50.1% of its 52-week range, reflecting a recent downgrade from D to F on 2026-08-12. Short-term momentum is evident with gains of 17.47% over one month and 27.75% over six months, contrasting sharply with a -6.58% decline over three months. Over the longer term, the one-year return of 11.57% trails the category median of 28.06%, and the three-year return stands at -39.95%. This performance record is based on only 3.0 years of available price history.

Annualized volatility of 103.82% is labeled Very High, accompanied by a beta of 1.18 indicating greater sensitivity to market movements. The Sharpe ratio of 0.06 suggests minimal risk-adjusted return relative to the significant price swings. A maximum drawdown of -81.71% highlights the severity of historical losses. Liquidity is supported by an average daily volume of 5,245,577 shares, though the bid/ask spread remains at 0.39%.

AI-generated summary based on the data on this page.

MSOS Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 37.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how MSOS's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With MSOS

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with MSOS's top 10 — XLF overlaps most, holding 1 of the same companies as MSOS's top 10 (0.9% of MSOS's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 14.32 (as of 2026-09-03) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

MSOS Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.39% and average daily volume is 5.2M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $974M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: MSOS is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

MSOS Performance History

How MSOS Compares to Other Thematic ETFs