MSOS vs. HDGE
Compare and contrast key facts about AdvisorShares Pure US Cannabis ETF (MSOS) and AdvisorShares Ranger Equity Bear ETF (HDGE).
MSOS and HDGE 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. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
MSOS vs. HDGE - Performance Comparison
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MSOS vs. HDGE - 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% |
HDGE AdvisorShares Ranger Equity Bear ETF | 12.05% | 1.50% | -8.01% | -26.98% | 16.59% | -18.61% | -29.04% |
Returns By Period
In the year-to-date period, MSOS achieves a -24.79% return, which is significantly lower than HDGE's 12.05% return.
MSOS
- 1D
- 12.70%
- 1M
- -8.51%
- YTD
- -24.79%
- 6M
- -25.89%
- 1Y
- 36.02%
- 3Y*
- -14.55%
- 5Y*
- -39.20%
- 10Y*
- —
HDGE
- 1D
- -1.94%
- 1M
- 4.54%
- YTD
- 12.05%
- 6M
- 13.38%
- 1Y
- 4.28%
- 3Y*
- -4.77%
- 5Y*
- -2.67%
- 10Y*
- -14.57%
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MSOS vs. HDGE - Expense Ratio Comparison
MSOS has a 0.74% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
MSOS vs. HDGE — Risk / Return Rank
MSOS
HDGE
MSOS vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and AdvisorShares Ranger Equity Bear ETF (HDGE). 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 | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 0.22 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.42 | 0.45 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.06 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 0.21 | +0.45 |
Martin ratioReturn relative to average drawdown | 1.32 | 0.30 | +1.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSOS | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.22 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.52 | -0.11 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | -0.66 | +0.26 |
Correlation
The correlation between MSOS and HDGE is -0.33. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MSOS vs. HDGE - Dividend Comparison
MSOS has not paid dividends to shareholders, while HDGE's dividend yield for the trailing twelve months is around 3.12%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MSOS AdvisorShares Pure US Cannabis ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% |
HDGE AdvisorShares Ranger Equity Bear ETF | 3.12% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
Drawdowns
MSOS vs. HDGE - Drawdown Comparison
The maximum MSOS drawdown since its inception was -96.25%, roughly equal to the maximum HDGE drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for MSOS and HDGE.
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Drawdown Indicators
| MSOS | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -93.88% | -2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -52.91% | -19.63% | -33.28% |
Max Drawdown (5Y)Largest decline over 5 years | -95.26% | -42.97% | -52.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.69% | — |
Current DrawdownCurrent decline from peak | -93.53% | -92.64% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -71.08% | -69.85% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.44% | 13.53% | +12.91% |
Volatility
MSOS vs. HDGE - Volatility Comparison
AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 22.69% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 4.48%. This indicates that MSOS's price experiences larger fluctuations and is considered to be riskier than HDGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSOS | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.69% | 4.48% | +18.21% |
Volatility (6M)Calculated over the trailing 6-month period | 79.95% | 12.17% | +67.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.99% | 19.95% | +90.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.80% | 23.96% | +51.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.16% | 23.51% | +49.65% |