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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPX or MSOS.
Key characteristics
| FPX | MSOS | |
|---|---|---|
| YTD Return | 28.51% | -25.96% |
| 1Y Return | 43.47% | -21.48% |
| 3Y Return (Ann) | -2.50% | -45.60% |
| Sharpe Ratio | 2.29 | -0.29 |
| Sortino Ratio | 3.09 | 0.10 |
| Omega Ratio | 1.39 | 1.01 |
| Calmar Ratio | 1.36 | -0.26 |
| Martin Ratio | 11.10 | -0.86 |
| Ulcer Index | 4.47% | 27.43% |
| Daily Std Dev | 21.62% | 80.42% |
| Max Drawdown | -56.29% | -92.64% |
| Current Drawdown | -8.18% | -90.57% |
Correlation
The correlation between FPX and MSOS is 0.38, 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
FPX vs. MSOS - Performance Comparison
In the year-to-date period, FPX achieves a 28.51% return, which is significantly higher than MSOS's -25.96% 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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FPX vs. MSOS - Expense Ratio Comparison
FPX has a 0.57% expense ratio, which is lower than MSOS's 0.74% expense ratio.
Risk-Adjusted Performance
FPX vs. MSOS - Risk-Adjusted Performance 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.
Dividends
FPX vs. MSOS - Dividend Comparison
FPX's dividend yield for the trailing twelve months is around 0.02%, while MSOS has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | 0.02% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% | 0.79% | 0.51% |
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
FPX vs. MSOS - Drawdown Comparison
The maximum FPX drawdown since its inception was -56.29%, smaller than the maximum MSOS drawdown of -92.64%. Use the drawdown chart below to compare losses from any high point for FPX and MSOS. For additional features, visit the drawdowns tool.
Volatility
FPX vs. MSOS - Volatility Comparison
The current volatility for First Trust US Equity Opportunities ETF (FPX) is 7.13%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 45.55%. 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.