ALTY vs. MSOS

Last updated Jun 4, 2026

ALTY (Global X Alternative Income ETF) and MSOS (AdvisorShares Pure US Cannabis ETF) are both exchange-traded funds - ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index, while MSOS is a Small Cap Blend Equities fund actively managed by AdvisorShares. ALTY is passively managed, while MSOS is actively managed. Over the past 5 years, ALTY returned 5.55%/yr vs -35.03%/yr for MSOS. At a 0.28 correlation, their price movements are largely independent. ALTY charges 0.50%/yr vs 0.74%/yr for MSOS.

Performance

ALTY vs. MSOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Alternative Income ETF (ALTY) and AdvisorShares Pure US Cannabis ETF (MSOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALTY achieves a 6.19% return, which is significantly higher than MSOS's 0.42% return.

ALTY

• 1D: -0.33%
• 1M: 0.31%
• YTD: 6.19%
• 6M: 6.51%
• 1Y: 15.73%
• 3Y*: 11.40%
• 5Y*: 5.55%
• 10Y*: 6.16%

MSOS

• 1D: -6.14%
• 1M: -2.07%
• YTD: 0.42%
• 6M: 28.46%
• 1Y: 99.16%
• 3Y*: -4.01%
• 5Y*: -35.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALTY vs. MSOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ALTY Global X Alternative Income ETF	6.19%	11.07%	10.88%	10.58%	-11.92%	23.08%	10.21%
MSOS AdvisorShares Pure US Cannabis ETF	0.42%	23.88%	-45.65%	0.29%	-72.68%	-29.69%	47.95%

Correlation

The correlation between ALTY and MSOS is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	0.28

ALTY vs. MSOS - Sectors Allocation Comparison

Sectors	ALTY	MSOS
Real Estate	33.2%	50.2%
Energy	21.0%	-
Technology	18.3%	-
Utilities	12.7%	-
Communication Services	5.3%	-
Consumer Cyclical	4.1%	17.8%
Consumer Defensive	2.6%	-
Healthcare	1.4%	2.5%
Industrials	1.0%	29.6%
Basic Materials	0.4%	-
Financial Services	0.1%	-

Return for Risk

ALTY vs. MSOS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALTY

ALTY Risk / Return Rank: 82
ALTY Sharpe Ratio Rank: 83
ALTY Sortino Ratio Rank: 84
ALTY Omega Ratio Rank: 86
ALTY Calmar Ratio Rank: 72
ALTY Martin Ratio Rank: 82

MSOS

MSOS Risk / Return Rank: 32
MSOS Sharpe Ratio Rank: 24
MSOS Sortino Ratio Rank: 39
MSOS Omega Ratio Rank: 35
MSOS Calmar Ratio Rank: 38
MSOS Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALTY vs. MSOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) and AdvisorShares Pure US Cannabis ETF (MSOS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ALTY	MSOS	Difference
Sharpe ratio: Return per unit of total volatility	2.73	0.89	+1.84
Sortino ratio: Return per unit of downside risk	3.82	2.04	+1.79
Omega ratio: Gain probability vs. loss probability	1.54	1.24	+0.30
Calmar ratio: Return relative to maximum drawdown	3.64	1.88	+1.76
Martin ratio: Return relative to average drawdown	16.84	3.58	+13.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALTY vs. MSOS - Sharpe Ratio Comparison

The current ALTY Sharpe Ratio is 2.73, which is higher than the MSOS Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of ALTY and MSOS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ALTY	MSOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	0.89	+1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	-0.45	+0.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	-0.34	+0.67

Drawdowns

ALTY vs. MSOS - Drawdown Comparison

The maximum ALTY drawdown since its inception was -51.47%, smaller than the maximum MSOS drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for ALTY and MSOS.

Drawdown Indicators

	ALTY	MSOS	Difference
Max Drawdown Largest peak-to-trough decline	-51.47%	-96.25%	+44.78%
Max Drawdown (1Y) Largest decline over 1 year	-4.34%	-52.91%	+48.57%
Max Drawdown (3Y) Largest decline over 3 years	-10.08%	-81.71%	+71.63%
Max Drawdown (5Y) Largest decline over 5 years	-18.48%	-94.99%	+76.51%
Max Drawdown (10Y) Largest decline over 10 years	-51.47%	—	—
Current Drawdown Current decline from peak	-0.37%	-91.37%	+91.00%
Average Drawdown Average peak-to-trough decline	-6.75%	-71.71%	+64.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	27.78%	-26.84%

Volatility

ALTY vs. MSOS - Volatility Comparison

The current volatility for Global X Alternative Income ETF (ALTY) is 1.41%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 20.45%. This indicates that ALTY experiences smaller price fluctuations and is considered to be less risky than MSOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALTY	MSOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	20.45%	-19.04%
Volatility (6M) Calculated over the trailing 6-month period	4.38%	80.61%	-76.23%
Volatility (1Y) Calculated over the trailing 1-year period	5.79%	112.00%	-106.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.61%	77.81%	-67.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	74.04%	-57.46%

ALTY vs. MSOS - Expense Ratio Comparison

ALTY has a 0.50% expense ratio, which is lower than MSOS's 0.74% expense ratio.

Dividends

ALTY vs. MSOS - Dividend Comparison

ALTY's dividend yield for the trailing twelve months is around 8.08%, while MSOS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALTY Global X Alternative Income ETF	8.08%	7.50%	7.88%	7.31%	7.66%	6.88%	9.20%	8.74%	8.49%	7.52%	8.20%	4.21%
MSOS AdvisorShares Pure US Cannabis ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ALTY and MSOS in my portfolio?

ALTY and MSOS have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALTY or MSOS?

MSOS has higher volatility (20.45%) compared to ALTY (1.41%). In terms of maximum drawdown, ALTY dropped -51.47% vs MSOS's -96.25%.

Which ETF is better, ALTY or MSOS?

On 5-year performance, ALTY leads with 5.55% vs -35.03% for MSOS. On fees, ALTY is cheaper at 0.50% per year. On volatility, ALTY has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALTY or MSOS?

Over the 5-year period, ALTY has performed better with a 5.55% return vs -35.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALTY or MSOS?

ALTY is cheaper with a 0.50% expense ratio, compared with 0.74% for MSOS.

Which ETF pays a higher dividend yield, ALTY or MSOS?

ALTY has the higher dividend yield at 8.08%, compared with 0.00% for MSOS.

What is the main difference between ALTY and MSOS?

ALTY is categorized as Global Allocation, while MSOS is Small Cap Blend Equities. They also come from different issuers: Global X and AdvisorShares. Their fees differ too: 0.50% for ALTY and 0.74% for MSOS.

Which has better risk-adjusted returns?

ALTY currently has the higher Sharpe Ratio (2.73 vs 0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.