MSOS vs. OUSM

Last updated Jun 4, 2026

MSOS (AdvisorShares Pure US Cannabis ETF) and OUSM (OShares U.S. Small-Cap Quality Dividend ETF) are both Small Cap Blend Equities funds. MSOS is actively managed, while OUSM is passively managed. Over the past 5 years, MSOS returned -35.03%/yr vs 7.39%/yr for OUSM. At a 0.27 correlation, their price movements are largely independent. MSOS charges 0.74%/yr vs 0.48%/yr for OUSM.

Performance

MSOS vs. OUSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Pure US Cannabis ETF (MSOS) and OShares U.S. Small-Cap Quality Dividend ETF (OUSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSOS achieves a 0.42% return, which is significantly lower than OUSM's 6.80% return.

MSOS

• 1D: -6.14%
• 1M: -2.07%
• YTD: 0.42%
• 6M: 28.46%
• 1Y: 99.16%
• 3Y*: -4.01%
• 5Y*: -35.03%
• 10Y*: —

OUSM

• 1D: -0.06%
• 1M: 1.69%
• YTD: 6.80%
• 6M: 6.94%
• 1Y: 10.89%
• 3Y*: 11.71%
• 5Y*: 7.39%
• 10Y*: —

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

MSOS vs. OUSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MSOS AdvisorShares Pure US Cannabis ETF	0.42%	23.88%	-45.65%	0.29%	-72.68%	-29.69%	47.95%
OUSM OShares U.S. Small-Cap Quality Dividend ETF	6.80%	2.17%	13.45%	18.82%	-7.89%	21.45%	12.58%

Correlation

The correlation between MSOS and OUSM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020	0.27

MSOS vs. OUSM - Sectors Allocation Comparison

Sectors	MSOS	OUSM
Real Estate	50.2%	-
Industrials	29.6%	22.8%
Consumer Cyclical	17.8%	19.3%
Healthcare	2.5%	9.2%
Basic Materials	-	1.4%
Communication Services	-	3.8%
Consumer Defensive	-	4.9%
Energy	-	0.3%
Financial Services	-	21.1%
Technology	-	13.5%
Utilities	-	3.9%

Return for Risk

MSOS vs. OUSM — Risk / Return Rank

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

MSOS

MSOS Risk / Return Rank: 32
MSOS Sharpe Ratio Rank: 24
MSOS Sortino Ratio Rank: 39
MSOS Omega Ratio Rank: 35
MSOS Calmar Ratio Rank: 38
MSOS Martin Ratio Rank: 26

OUSM

OUSM Risk / Return Rank: 24
OUSM Sharpe Ratio Rank: 23
OUSM Sortino Ratio Rank: 24
OUSM Omega Ratio Rank: 22
OUSM Calmar Ratio Rank: 25
OUSM Martin Ratio Rank: 25

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. OUSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and OShares U.S. Small-Cap Quality Dividend ETF (OUSM). 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	OUSM	Difference
Sharpe ratio: Return per unit of total volatility	0.89	0.83	+0.06
Sortino ratio: Return per unit of downside risk	2.04	1.34	+0.70
Omega ratio: Gain probability vs. loss probability	1.24	1.15	+0.09
Calmar ratio: Return relative to maximum drawdown	1.88	1.19	+0.70
Martin ratio: Return relative to average drawdown	3.58	3.47	+0.11
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. OUSM - Sharpe Ratio Comparison

The current MSOS Sharpe Ratio is 0.89, which is comparable to the OUSM Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of MSOS and OUSM, 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	OUSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	0.83	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.45	0.46	-0.91
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	0.48	-0.81

Drawdowns

MSOS vs. OUSM - Drawdown Comparison

The maximum MSOS drawdown since its inception was -96.25%, which is greater than OUSM's maximum drawdown of -39.84%. Use the drawdown chart below to compare losses from any high point for MSOS and OUSM.

Drawdown Indicators

	MSOS	OUSM	Difference
Max Drawdown Largest peak-to-trough decline	-96.25%	-39.84%	-56.41%
Max Drawdown (1Y) Largest decline over 1 year	-52.91%	-9.21%	-43.70%
Max Drawdown (3Y) Largest decline over 3 years	-81.71%	-19.44%	-62.27%
Max Drawdown (5Y) Largest decline over 5 years	-94.99%	-19.44%	-75.55%
Current Drawdown Current decline from peak	-91.37%	-1.67%	-89.70%
Average Drawdown Average peak-to-trough decline	-71.71%	-5.22%	-66.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.78%	3.14%	+24.64%

Volatility

MSOS vs. OUSM - Volatility Comparison

AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 20.45% compared to OShares U.S. Small-Cap Quality Dividend ETF (OUSM) at 3.66%. This indicates that MSOS's price experiences larger fluctuations and is considered to be riskier than OUSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSOS	OUSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.45%	3.66%	+16.79%
Volatility (6M) Calculated over the trailing 6-month period	80.61%	9.25%	+71.36%
Volatility (1Y) Calculated over the trailing 1-year period	112.00%	13.15%	+98.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.81%	16.30%	+61.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.04%	18.94%	+55.10%

MSOS vs. OUSM - Expense Ratio Comparison

MSOS has a 0.74% expense ratio, which is higher than OUSM's 0.48% expense ratio.

Dividends

MSOS vs. OUSM - Dividend Comparison

MSOS has not paid dividends to shareholders, while OUSM's dividend yield for the trailing twelve months is around 2.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSOS AdvisorShares Pure US Cannabis ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.00%	0.00%	0.00%	0.00%
OUSM OShares U.S. Small-Cap Quality Dividend ETF	2.07%	2.09%	1.62%	1.64%	1.98%	1.55%	2.02%	1.99%	2.63%	2.17%

Frequently Asked Questions

Can I hold both MSOS and OUSM in my portfolio?

MSOS and OUSM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSOS or OUSM?

MSOS has higher volatility (20.45%) compared to OUSM (3.66%). In terms of maximum drawdown, MSOS dropped -96.25% vs OUSM's -39.84%.

Which ETF is better, MSOS or OUSM?

On 5-year performance, OUSM leads with 7.39% vs -35.03% for MSOS. On fees, OUSM is cheaper at 0.48% per year. On volatility, OUSM has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSOS or OUSM?

Over the 5-year period, OUSM has performed better with a 7.39% return vs -35.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSOS or OUSM?

OUSM is cheaper with a 0.48% expense ratio, compared with 0.74% for MSOS.

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

OUSM has the higher dividend yield at 2.07%, compared with 0.00% for MSOS.

What is the main difference between MSOS and OUSM?

They also come from different issuers: AdvisorShares and O'Shares Investments. Their fees differ too: 0.74% for MSOS and 0.48% for OUSM.

Which has better risk-adjusted returns?

MSOS currently has the higher Sharpe Ratio (0.89 vs 0.83), 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.