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 ETFValuer tracks as containing 17 funds in total. Issued by AdvisorShares, the fund holds an asset base of $1.05 billion and trades at a price of $4.09 per share. It currently holds an overall rank of #420 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of D with a score of 39.7 out of 100. The fund carries an expense ratio of 0.78% and offers a dividend yield of 0.00%. The combination of a low price point and substantial assets under management suggests significant investor capital is present despite the fund's lower ranking and lack of income distribution. This profile places the ETF in the lower tier of the broader market while maintaining a notable presence in its specific thematic sector.

Recent performance data shows a sharp decline over the immediate term, with the fund dropping 3.54% in one day and falling 8.30% over the past week. This downward momentum extended to the monthly horizon, where the fund recorded a 12.79% loss, followed by a 20.58% decline over three months. Year-to-date returns reflect this negative trend with a 14.61% decrease, while the six-month return shows a slightly less severe drop of 10.70%. In contrast to these shorter-term losses, the fund posted a significant 32.36% gain over the past year. However, the three-year return remains deeply negative at -24.26%, indicating that the recent annual gain has not yet recovered the long-term losses sustained by the fund.

The fund is assigned a Very High volatility label, which aligns with a beta of 0.86 relative to its benchmark. Despite the high volatility, the beta suggests the fund's price movements are slightly less sensitive to broad market swings than the average asset. The Sharpe ratio of 0.25 indicates that the risk-adjusted returns have been modest relative to the volatility experienced. This risk profile is further illustrated by a maximum drawdown of -81.71%, which represents the largest peak-to-trough decline recorded for the fund. Such a severe drawdown combined with high volatility implies that investors have faced extreme price fluctuations and significant potential for capital erosion during downturns.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 3.37% and average daily volume is 6.6M/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