MSOS vs. CGC

Last updated Apr 1, 2026

Compare and contrast key facts about AdvisorShares Pure US Cannabis ETF (MSOS) and Canopy Growth Corporation (CGC).

MSOS is an actively managed fund by AdvisorShares. It was launched on Sep 1, 2020.

Performance

MSOS vs. CGC - Performance Comparison

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

MSOS vs. CGC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MSOS AdvisorShares Pure US Cannabis ETF	-24.79%	23.88%	-45.65%	0.29%	-72.68%	-29.69%	47.95%
CGC Canopy Growth Corporation	-16.74%	-58.39%	-46.38%	-77.88%	-73.54%	-64.57%	50.61%

Returns By Period

In the year-to-date period, MSOS achieves a -24.79% return, which is significantly lower than CGC's -16.74% return.

MSOS

• 1D: 12.70%
• 1M: -8.51%
• YTD: -24.79%
• 6M: -25.89%
• 1Y: 36.02%
• 3Y*: -14.55%
• 5Y*: -39.20%
• 10Y*: —

CGC

• 1D: 10.80%
• 1M: -15.25%
• YTD: -16.74%
• 6M: -34.99%
• 1Y: 4.31%
• 3Y*: -62.15%
• 5Y*: -68.79%
• 10Y*: -26.31%

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

Return for Risk

MSOS vs. CGC — Risk / Return Rank

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

MSOS

MSOS Risk / Return Rank: 35
MSOS Sharpe Ratio Rank: 22
MSOS Sortino Ratio Rank: 57
MSOS Omega Ratio Rank: 43
MSOS Calmar Ratio Rank: 29
MSOS Martin Ratio Rank: 22

CGC

CGC Risk / Return Rank: 47
CGC Sharpe Ratio Rank: 43
CGC Sortino Ratio Rank: 58
CGC Omega Ratio Rank: 53
CGC Calmar Ratio Rank: 40
CGC Martin Ratio Rank: 40

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.

MSOS vs. CGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and Canopy Growth Corporation (CGC). 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.

	MSOS	CGC	Difference
Sharpe ratio Return per unit of total volatility	0.33	0.04	+0.29
Sortino ratio Return per unit of downside risk	1.42	1.04	+0.37
Omega ratio Gain probability vs. loss probability	1.16	1.12	+0.05
Calmar ratio Return relative to maximum drawdown	0.66	-0.07	+0.73
Martin ratio Return relative to average drawdown	1.32	-0.11	+1.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSOS vs. CGC - Sharpe Ratio Comparison

The current MSOS Sharpe Ratio is 0.33, which is higher than the CGC Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of MSOS and CGC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSOS	CGC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	0.04	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.52	-0.56	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	-0.26	-0.14

Correlation

The correlation between MSOS and CGC is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MSOS vs. CGC - Dividend Comparison

Neither MSOS nor CGC has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
MSOS AdvisorShares Pure US Cannabis ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%
CGC Canopy Growth Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MSOS vs. CGC - Drawdown Comparison

The maximum MSOS drawdown since its inception was -96.25%, roughly equal to the maximum CGC drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for MSOS and CGC.

Drawdown Indicators

	MSOS	CGC	Difference
Max Drawdown Largest peak-to-trough decline	-96.25%	-99.85%	+3.60%
Max Drawdown (1Y) Largest decline over 1 year	-52.91%	-55.61%	+2.70%
Max Drawdown (5Y) Largest decline over 5 years	-95.26%	-99.74%	+4.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-99.85%	—
Current Drawdown Current decline from peak	-93.53%	-99.83%	+6.30%
Average Drawdown Average peak-to-trough decline	-71.08%	-61.53%	-9.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.44%	33.86%	-7.42%

Volatility

MSOS vs. CGC - Volatility Comparison

AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 22.69% compared to Canopy Growth Corporation (CGC) at 17.62%. This indicates that MSOS's price experiences larger fluctuations and is considered to be riskier than CGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSOS	CGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.69%	17.62%	+5.07%
Volatility (6M) Calculated over the trailing 6-month period	79.95%	68.50%	+11.45%
Volatility (1Y) Calculated over the trailing 1-year period	109.99%	117.39%	-7.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.80%	123.85%	-48.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.16%	102.96%	-29.80%