MSOS vs. POTX
Compare and contrast key facts about AdvisorShares Pure US Cannabis ETF (MSOS) and Global X Cannabis ETF (POTX).
MSOS and POTX 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. POTX is a passively managed fund by Global X that tracks the performance of the Cannabis Index. It was launched on Sep 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSOS or POTX.
Key characteristics
| MSOS | POTX |
|---|
Correlation
The correlation between MSOS and POTX is 0.56, 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.
Performance
MSOS vs. POTX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MSOS vs. POTX - Expense Ratio Comparison
MSOS has a 0.74% expense ratio, which is higher than POTX's 0.51% expense ratio.
Risk-Adjusted Performance
MSOS vs. POTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and Global X Cannabis ETF (POTX). 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. POTX - Dividend Comparison
Neither MSOS nor POTX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
MSOS AdvisorShares Pure US Cannabis ETF | 0.00% | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% |
POTX Global X Cannabis ETF | 107.82% | 6.37% | 3.27% | 4.28% | 5.47% | 1.43% |
Drawdowns
MSOS vs. POTX - Drawdown Comparison
Volatility
MSOS vs. POTX - Volatility Comparison
AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 32.52% compared to Global X Cannabis ETF (POTX) at 0.00%. This indicates that MSOS's price experiences larger fluctuations and is considered to be riskier than POTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.