MSOS vs. FPX
Compare and contrast key facts about AdvisorShares Pure US Cannabis ETF (MSOS) and First Trust US Equity Opportunities ETF (FPX).
MSOS and FPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSOS is an actively managed fund by AdvisorShares. It was launched on Sep 1, 2020. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSOS or FPX.
Performance
MSOS vs. FPX - Performance Comparison
Returns By Period
In the year-to-date period, MSOS achieves a -33.24% return, which is significantly lower than FPX's 29.80% return.
MSOS
-33.24%
-34.73%
-49.08%
-29.52%
N/A
N/A
FPX
29.80%
8.64%
19.47%
43.50%
10.15%
10.21%
Key characteristics
| MSOS | FPX | |
|---|---|---|
| Sharpe Ratio | -0.40 | 2.09 |
| Sortino Ratio | -0.11 | 2.83 |
| Omega Ratio | 0.99 | 1.35 |
| Calmar Ratio | -0.35 | 1.26 |
| Martin Ratio | -1.14 | 9.97 |
| Ulcer Index | 28.34% | 4.48% |
| Daily Std Dev | 80.43% | 21.42% |
| Max Drawdown | -92.64% | -56.29% |
| Current Drawdown | -91.50% | -7.26% |
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MSOS vs. FPX - Expense Ratio Comparison
MSOS has a 0.74% expense ratio, which is higher than FPX's 0.57% expense ratio.
Correlation
The correlation between MSOS and FPX 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.
Risk-Adjusted Performance
MSOS vs. FPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and First Trust US Equity Opportunities ETF (FPX). 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. FPX - Dividend Comparison
MSOS has not paid dividends to shareholders, while FPX's dividend yield for the trailing twelve months is around 0.02%.
| 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% |
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% |
Drawdowns
MSOS vs. FPX - Drawdown Comparison
The maximum MSOS drawdown since its inception was -92.64%, which is greater than FPX's maximum drawdown of -56.29%. Use the drawdown chart below to compare losses from any high point for MSOS and FPX. For additional features, visit the drawdowns tool.
Volatility
MSOS vs. FPX - Volatility Comparison
AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 45.83% compared to First Trust US Equity Opportunities ETF (FPX) at 7.70%. This indicates that MSOS's price experiences larger fluctuations and is considered to be riskier than FPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.