FPX vs. MSOS
Compare and contrast key facts about First Trust US Equity Opportunities ETF (FPX) and AdvisorShares Pure US Cannabis ETF (MSOS).
FPX and MSOS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPX is a passively managed fund by First Trust that tracks the performance of the IPOX-100 U.S. Index. It was launched on Apr 12, 2006. MSOS is an actively managed fund by AdvisorShares. It was launched on Sep 1, 2020.
Performance
FPX vs. MSOS - Performance Comparison
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FPX vs. MSOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | -1.32% | 37.62% | 24.75% | 22.26% | -35.11% | 3.69% | 18.38% |
MSOS AdvisorShares Pure US Cannabis ETF | -22.03% | 23.88% | -45.65% | 0.29% | -72.68% | -29.69% | 47.95% |
Returns By Period
In the year-to-date period, FPX achieves a -1.32% return, which is significantly higher than MSOS's -22.03% return.
FPX
- 1D
- 1.61%
- 1M
- -3.75%
- YTD
- -1.32%
- 6M
- -2.81%
- 1Y
- 43.47%
- 3Y*
- 24.63%
- 5Y*
- 6.32%
- 10Y*
- 12.97%
MSOS
- 1D
- 3.66%
- 1M
- 1.38%
- YTD
- -22.03%
- 6M
- -27.27%
- 1Y
- 42.08%
- 3Y*
- -13.52%
- 5Y*
- -38.76%
- 10Y*
- —
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FPX vs. MSOS - Expense Ratio Comparison
FPX has a 0.57% expense ratio, which is lower than MSOS's 0.74% expense ratio.
Return for Risk
FPX vs. MSOS — Risk / Return Rank
FPX
MSOS
FPX vs. MSOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Opportunities ETF (FPX) 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.
| FPX | MSOS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 0.38 | +1.10 |
Sortino ratioReturn per unit of downside risk | 2.05 | 1.49 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.19 | 0.77 | +2.41 |
Martin ratioReturn relative to average drawdown | 10.78 | 1.54 | +9.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPX | MSOS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.38 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.51 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.40 | +0.92 |
Correlation
The correlation between FPX and MSOS is 0.33, 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.
Dividends
FPX vs. MSOS - Dividend Comparison
FPX's dividend yield for the trailing twelve months is around 0.58%, while MSOS has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | 0.58% | 0.53% | 0.09% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% |
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% |
Drawdowns
FPX vs. MSOS - Drawdown Comparison
The maximum FPX drawdown since its inception was -56.29%, smaller than the maximum MSOS drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for FPX and MSOS.
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Drawdown Indicators
| FPX | MSOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.29% | -96.25% | +39.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -52.91% | +38.72% |
Max Drawdown (5Y)Largest decline over 5 years | -43.14% | -95.26% | +52.12% |
Max Drawdown (10Y)Largest decline over 10 years | -43.14% | — | — |
Current DrawdownCurrent decline from peak | -6.75% | -93.30% | +86.55% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -71.10% | +59.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 26.58% | -22.38% |
Volatility
FPX vs. MSOS - Volatility Comparison
The current volatility for First Trust US Equity Opportunities ETF (FPX) is 9.11%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 22.70%. This indicates that FPX 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.
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Volatility by Period
| FPX | MSOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 22.70% | -13.59% |
Volatility (6M)Calculated over the trailing 6-month period | 18.68% | 79.48% | -60.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.37% | 110.03% | -80.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.54% | 75.81% | -49.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.17% | 73.15% | -48.98% |