MSOS vs. AVNT
Compare and contrast key facts about AdvisorShares Pure US Cannabis ETF (MSOS) and Avient Corporation (AVNT).
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: MSOS or AVNT.
Key characteristics
| MSOS | AVNT | |
|---|---|---|
| YTD Return | 36.52% | 4.05% |
| 1Y Return | 69.98% | 15.66% |
| 3Y Return (Ann) | -39.28% | -3.21% |
| Sharpe Ratio | 0.91 | 0.47 |
| Daily Std Dev | 77.08% | 29.43% |
| Max Drawdown | -91.24% | -99.45% |
| Current Drawdown | -82.62% | -77.49% |
Correlation
The correlation between MSOS and AVNT is 0.29, 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
MSOS vs. AVNT - Performance Comparison
In the year-to-date period, MSOS achieves a 36.52% return, which is significantly higher than AVNT's 4.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
MSOS vs. AVNT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and Avient Corporation (AVNT). 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
MSOS vs. AVNT - Dividend Comparison
MSOS has not paid dividends to shareholders, while AVNT's dividend yield for the trailing twelve months is around 2.35%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
AVNT Avient Corporation | 2.35% | 2.41% | 2.84% | 1.56% | 2.04% | 2.14% | 2.52% | 1.33% | 1.54% | 1.32% | 0.90% | 0.74% |
Drawdowns
MSOS vs. AVNT - Drawdown Comparison
The maximum MSOS drawdown since its inception was -91.24%, smaller than the maximum AVNT drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for MSOS and AVNT. For additional features, visit the drawdowns tool.
Volatility
MSOS vs. AVNT - Volatility Comparison
AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 34.25% compared to Avient Corporation (AVNT) at 6.62%. This indicates that MSOS's price experiences larger fluctuations and is considered to be riskier than AVNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.