MSOS vs. CNBS

Last updated Jun 3, 2026

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

Performance

MSOS vs. CNBS - Performance Comparison

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

Returns By Period

In the year-to-date period, MSOS achieves a 6.99% return, which is significantly higher than CNBS's 2.96% return.

MSOS

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

CNBS

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

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

MSOS vs. CNBS - Yearly Performance Comparison

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

Correlation

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

MSOS vs. CNBS - Sectors Allocation Comparison

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

Return for Risk

MSOS vs. CNBS — 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: 27
MSOS Sortino Ratio Rank: 41
MSOS Omega Ratio Rank: 37
MSOS Calmar Ratio Rank: 42
MSOS Martin Ratio Rank: 28

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

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. CNBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and Amplify Seymour Cannabis ETF (CNBS). 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	CNBS	Difference
Sharpe ratio Return per unit of total volatility	0.95	0.81	+0.15
Sortino ratio Return per unit of downside risk	2.10	1.95	+0.15
Omega ratio Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio Return relative to maximum drawdown	2.07	1.61	+0.46
Martin ratio Return relative to average drawdown	3.95	2.97	+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.

MSOS vs. CNBS - Sharpe Ratio Comparison

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

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

Drawdowns

MSOS vs. CNBS - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

MSOS vs. CNBS - Volatility Comparison

AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 19.84% compared to Amplify Seymour Cannabis ETF (CNBS) at 17.44%. This indicates that MSOS's price experiences larger fluctuations and is considered to be riskier than CNBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

MSOS vs. CNBS - Expense Ratio Comparison

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

Dividends

MSOS vs. CNBS - Dividend Comparison

Neither MSOS nor CNBS 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 MSOS and CNBS in my portfolio?

With a correlation of 0.97, MSOS and CNBS 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, MSOS or CNBS?

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

Which ETF is better, MSOS or CNBS?

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, MSOS or CNBS?

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, MSOS or CNBS?

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

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

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

What is the main difference between MSOS and CNBS?

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

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.