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 issues the Pure US Cannabis ETF (MSOS), a thematic fund tracking 17 similar vehicles with $896 million in assets. It holds an F grade, reflecting a score of 27.5 out of 100, and ranks 16th among its peers in the category. The fund’s 0.78% expense ratio exceeds the category median of 0.69%, while it pays no dividend compared to the sector’s 0.53% median. Concentration is notable, with the top ten holdings comprising 37.1% of assets and Curaleaf Holdings Inc representing the largest single position at 12.3%.

The fund’s price of $3.91 sits at 22.1% of its 52-week range, indicating a position near the lower end of recent trading levels. Short-term volatility is evident, with a 1-month decline of 24.52% contrasting with a modest 1-week gain of 0.51%. Longer-term performance remains negative, as the 1-year return of -11.94% trails the category median of -3.41% and the 3-year figure stands at -22.88%. The rating was downgraded from D to F on 2026-09-30, based on 3.0 years of available price history.

With a beta of 1.55, the ETF exhibits significant sensitivity to broader market movements. Annualized volatility reaches 98.06%, a level labeled as Very High, which coincides with a negative Sharpe ratio of -0.17. The maximum drawdown of -81.71% underscores the severity of historical losses during downturns. Despite this risk profile, liquidity remains robust with an average daily volume of 4,764,235 shares.

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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

MSOS Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 4.8M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $896M 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