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AVNT vs. MSOS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AVNT and MSOS is 0.28, 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.


-0.50.00.51.00.3

Performance

AVNT vs. MSOS - Performance Comparison

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

-100.00%-50.00%0.00%50.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
65.77%
-84.96%
AVNT
MSOS

Key characteristics

Sharpe Ratio

AVNT:

0.23

MSOS:

-0.50

Sortino Ratio

AVNT:

0.56

MSOS:

-0.32

Omega Ratio

AVNT:

1.07

MSOS:

0.96

Calmar Ratio

AVNT:

0.18

MSOS:

-0.42

Martin Ratio

AVNT:

1.08

MSOS:

-1.17

Ulcer Index

AVNT:

6.44%

MSOS:

33.79%

Daily Std Dev

AVNT:

30.25%

MSOS:

79.98%

Max Drawdown

AVNT:

-89.80%

MSOS:

-93.55%

Current Drawdown

AVNT:

-26.39%

MSOS:

-93.26%

Returns By Period

In the year-to-date period, AVNT achieves a 2.20% return, which is significantly higher than MSOS's -47.08% return.


AVNT

YTD

2.20%

1M

-16.23%

6M

-4.25%

1Y

5.14%

5Y*

4.82%

10Y*

2.94%

MSOS

YTD

-47.08%

1M

-22.06%

6M

-49.52%

1Y

-38.06%

5Y*

N/A

10Y*

N/A

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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.


Sharpe ratio
The chart of Sharpe ratio for AVNT, currently valued at 0.23, compared to the broader market-4.00-2.000.002.000.23-0.50
The chart of Sortino ratio for AVNT, currently valued at 0.56, compared to the broader market-4.00-2.000.002.004.000.56-0.32
The chart of Omega ratio for AVNT, currently valued at 1.07, compared to the broader market0.501.001.502.001.070.96
The chart of Calmar ratio for AVNT, currently valued at 0.18, compared to the broader market0.002.004.006.000.18-0.42
The chart of Martin ratio for AVNT, currently valued at 1.08, compared to the broader market-5.000.005.0010.0015.0020.0025.001.08-1.17
AVNT
MSOS

The current AVNT Sharpe Ratio is 0.23, which is higher than the MSOS Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of AVNT and MSOS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.23
-0.50
AVNT
MSOS

Dividends

AVNT vs. MSOS - Dividend Comparison

AVNT's dividend yield for the trailing twelve months is around 2.52%, while MSOS has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
AVNT
Avient Corporation
2.52%2.41%2.85%1.57%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 -89.80%, roughly equal to the maximum MSOS drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for AVNT and MSOS. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-26.39%
-93.26%
AVNT
MSOS

Volatility

AVNT vs. MSOS - Volatility Comparison

The current volatility for Avient Corporation (AVNT) is 9.75%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 16.73%. 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.


10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
9.75%
16.73%
AVNT
MSOS
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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