CNBS vs. MSOS

Last updated Jun 3, 2026

CNBS (Amplify Seymour Cannabis ETF) and MSOS (AdvisorShares Pure US Cannabis ETF) are both exchange-traded funds - CNBS is a Cannabis fund actively managed by Amplify, while MSOS is a Small Cap Blend Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 5 years, CNBS returned -32.81%/yr vs -34.22%/yr for MSOS. Their correlation of 0.88 suggests significant overlap in exposure. CNBS charges 0.75%/yr vs 0.74%/yr for MSOS.

Performance

CNBS vs. MSOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Seymour Cannabis ETF (CNBS) 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, CNBS achieves a 2.96% return, which is significantly lower than MSOS's 6.99% return.

CNBS

• 1D: -1.14%
• 1M: 0.38%
• YTD: 2.96%
• 6M: 31.51%
• 1Y: 84.29%
• 3Y*: -1.67%
• 5Y*: -32.81%
• 10Y*: —

MSOS

• 1D: -1.17%
• 1M: 0.20%
• YTD: 6.99%
• 6M: 36.86%
• 1Y: 106.12%
• 3Y*: -1.97%
• 5Y*: -34.22%
• 10Y*: —

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

CNBS vs. MSOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CNBS Amplify Seymour Cannabis ETF	2.96%	15.33%	-29.41%	-16.11%	-63.98%	-19.02%	43.18%
MSOS AdvisorShares Pure US Cannabis ETF	6.99%	23.88%	-45.65%	0.29%	-72.68%	-29.69%	47.95%

Correlation

The correlation between CNBS and MSOS is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	0.88

The correlation between CNBS and MSOS has been stable across timeframes, ranging from 0.88 to 0.97 - a consistent structural relationship.

CNBS vs. MSOS - Sectors Allocation Comparison

Sectors	CNBS	MSOS
Healthcare	63.1%	2.5%
Real Estate	13.8%	50.2%
Technology	10.7%	-
Consumer Defensive	7.0%	-
Consumer Cyclical	3.4%	17.8%
Financial Services	1.9%	-
Industrials	0.1%	29.6%
Basic Materials	-	-
Communication Services	-	-
Energy	-	-
Utilities	-	-

Return for Risk

CNBS vs. MSOS — Risk / Return Rank

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

CNBS

CNBS Risk / Return Rank: 30
CNBS Sharpe Ratio Rank: 23
CNBS Sortino Ratio Rank: 37
CNBS Omega Ratio Rank: 35
CNBS Calmar Ratio Rank: 32
CNBS Martin Ratio Rank: 22

MSOS

MSOS Risk / Return Rank: 35
MSOS Sharpe Ratio Rank: 27
MSOS Sortino Ratio Rank: 41
MSOS Omega Ratio Rank: 37
MSOS Calmar Ratio Rank: 42
MSOS Martin Ratio Rank: 28

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.

CNBS vs. MSOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Seymour Cannabis ETF (CNBS) 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.

	CNBS	MSOS	Difference
Sharpe ratio Return per unit of total volatility	0.81	0.95	-0.15
Sortino ratio Return per unit of downside risk	1.95	2.10	-0.15
Omega ratio Gain probability vs. loss probability	1.24	1.25	-0.01
Calmar ratio Return relative to maximum drawdown	1.61	2.07	-0.46
Martin ratio Return relative to average drawdown	2.97	3.95	-0.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNBS vs. MSOS - Sharpe Ratio Comparison

The current CNBS Sharpe Ratio is 0.81, which is comparable to the MSOS Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of CNBS 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

	CNBS	MSOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	0.95	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.51	-0.44	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	-0.33	-0.07

Drawdowns

CNBS vs. MSOS - Drawdown Comparison

The maximum CNBS drawdown since its inception was -95.71%, roughly equal to the maximum MSOS drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for CNBS and MSOS.

Drawdown Indicators

	CNBS	MSOS	Difference
Max Drawdown Largest peak-to-trough decline	-95.71%	-96.25%	+0.54%
Max Drawdown (1Y) Largest decline over 1 year	-51.25%	-52.91%	+1.66%
Max Drawdown (3Y) Largest decline over 3 years	-73.41%	-81.71%	+8.30%
Max Drawdown (5Y) Largest decline over 5 years	-93.58%	-94.99%	+1.41%
Current Drawdown Current decline from peak	-91.03%	-90.80%	-0.23%
Average Drawdown Average peak-to-trough decline	-71.25%	-71.70%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.74%	27.76%	-0.02%

Volatility

CNBS vs. MSOS - Volatility Comparison

The current volatility for Amplify Seymour Cannabis ETF (CNBS) is 17.44%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 19.84%. This indicates that CNBS 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

	CNBS	MSOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.44%	19.84%	-2.40%
Volatility (6M) Calculated over the trailing 6-month period	76.94%	80.95%	-4.01%
Volatility (1Y) Calculated over the trailing 1-year period	105.00%	111.81%	-6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.70%	77.77%	-13.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.33%	74.02%	-12.69%

CNBS vs. MSOS - Expense Ratio Comparison

CNBS has a 0.75% expense ratio, which is higher than MSOS's 0.74% expense ratio.

Dividends

CNBS vs. MSOS - Dividend Comparison

Neither CNBS nor MSOS has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CNBS Amplify Seymour Cannabis ETF	0.00%	0.00%	43.54%	0.00%	0.00%	0.00%	0.58%	0.58%
MSOS AdvisorShares Pure US Cannabis ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CNBS and MSOS in my portfolio?

With a correlation of 0.97, CNBS and MSOS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CNBS or MSOS?

MSOS has higher volatility (19.84%) compared to CNBS (17.44%). In terms of maximum drawdown, CNBS dropped -95.71% vs MSOS's -96.25%.

Which ETF is better, CNBS or MSOS?

On 5-year performance, CNBS leads with -32.81% vs -34.22% for MSOS. On fees, MSOS is cheaper at 0.74% per year. On volatility, CNBS has been the lower-risk option at 17.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CNBS or MSOS?

Over the 5-year period, CNBS has performed better with a -32.81% return vs -34.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CNBS or MSOS?

MSOS is cheaper with a 0.74% expense ratio, compared with 0.75% for CNBS.

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

CNBS and MSOS have nearly identical dividend yields, around 0.00%.

What is the main difference between CNBS and MSOS?

CNBS is categorized as Cannabis, while MSOS is Small Cap Blend Equities. They also come from different issuers: Amplify and AdvisorShares. Their fees differ too: 0.75% for CNBS and 0.74% for MSOS.

Which has better risk-adjusted returns?

MSOS currently has the higher Sharpe Ratio (0.95 vs 0.81), 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.