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

The AdvisorShares Pure US Cannabis ETF (MSOS) operates within the Thematic category, which currently contains 17 funds tracked by ETFValuer. Issued by AdvisorShares, the fund holds $1.05 billion in assets under management and trades at a price of $4.26 per share. It carries an overall rank of #414 out of 458 tracked ETFs across all categories, resulting in an ETFValuer grade of D with a score of 41.9 out of 100. The fund charges an expense ratio of 0.78% and provides a dividend yield of 0.00%. The combination of a low price point and substantial asset base suggests significant capital allocation despite the fund's lower ranking and lack of income distribution. This profile positions the ETF as a high-cost, non-dividend-paying vehicle within a niche sector of the broader market.

Recent performance data shows a decline over the last day at -0.23% and a sharper drop of -4.48% over the past week. The one-month return stands at -3.84%, while the three-month period shows a slight recovery with a +0.95% gain. Over the six-month horizon, the fund has fallen -7.79%, and year-to-date returns are negative at -11.06%. In contrast, the one-year return has surged to +54.91%, indicating a significant reversal from the shorter-term losses. However, the three-year annualized return remains deeply negative at -24.20%, reflecting a long-term downward trend despite the recent annual surge.

The fund is assigned a Very High volatility label, which aligns with a beta of 0.86 relative to the broader market. A Sharpe ratio of 0.45 suggests that the risk-adjusted returns have been modest relative to the volatility experienced. The maximum drawdown of -81.71% indicates that the fund has suffered severe declines from its peak values, highlighting extreme downside risk. This combination of high volatility, a beta below one, and a massive drawdown implies that while the fund may move slightly less than the market in percentage terms, it has experienced catastrophic losses during downturns. The low Sharpe ratio further confirms that the returns generated have not adequately compensated investors for the substantial risk taken.

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

MSOS Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 24.8% 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.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 2026-06-01) — 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 2.09% and average daily volume is 6.8M/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 $1.05B 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