AVNT vs. MSOS
Compare and contrast key facts about Avient Corporation (AVNT) and AdvisorShares Pure US Cannabis ETF (MSOS).
MSOS is an actively managed fund by AdvisorShares. It was launched on Sep 1, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVNT or MSOS.
Key characteristics
| AVNT | MSOS | |
|---|---|---|
| YTD Return | 9.92% | -8.56% |
| 1Y Return | 21.70% | -19.77% |
| 3Y Return (Ann) | -0.01% | -41.77% |
| Sharpe Ratio | 0.60 | -0.25 |
| Daily Std Dev | 31.05% | 73.76% |
| Max Drawdown | -100.00% | -91.24% |
| Current Drawdown | -99.99% | -88.36% |
Correlation
The correlation between AVNT and MSOS is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AVNT vs. MSOS - Performance Comparison
In the year-to-date period, AVNT achieves a 9.92% return, which is significantly higher than MSOS's -8.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AVNT vs. MSOS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avient Corporation (AVNT) 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.
Dividends
AVNT vs. MSOS - Dividend Comparison
AVNT's dividend yield for the trailing twelve months is around 2.26%, while MSOS has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVNT Avient Corporation | 2.26% | 2.41% | 2.84% | 1.56% | 2.04% | 2.14% | 2.52% | 1.33% | 1.54% | 1.32% | 0.90% | 0.74% |
MSOS AdvisorShares Pure US Cannabis ETF | 0.00% | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AVNT vs. MSOS - Drawdown Comparison
The maximum AVNT drawdown since its inception was -100.00%, which is greater than MSOS's maximum drawdown of -91.24%. Use the drawdown chart below to compare losses from any high point for AVNT and MSOS. For additional features, visit the drawdowns tool.
Volatility
AVNT vs. MSOS - Volatility Comparison
The current volatility for Avient Corporation (AVNT) is 8.66%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 21.21%. This indicates that AVNT 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.