MSOS vs. SMMT
MSOS (AdvisorShares Pure US Cannabis ETF) is Small Cap Blend Equities fund actively managed by AdvisorShares, while SMMT (Summit Therapeutics Inc.) is a stock. Over the past 5 years, MSOS returned -34.43%/yr vs 16.50%/yr for SMMT. At a 0.14 correlation, their price movements are largely independent.
Performance
MSOS vs. SMMT - Performance Comparison
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Returns By Period
In the year-to-date period, MSOS achieves a -0.42% return, which is significantly higher than SMMT's -12.52% return.
MSOS
- 1D
- 4.68%
- 1M
- -6.75%
- 6M
- -6.37%
- YTD
- -0.42%
- 1Y
- 59.32%
- 3Y*
- -7.82%
- 5Y*
- -34.43%
- 10Y*
- —
SMMT
- 1D
- 0.33%
- 1M
- 9.21%
- 6M
- -10.21%
- YTD
- -12.52%
- 1Y
- -38.80%
- 3Y*
- 92.65%
- 5Y*
- 16.50%
- 10Y*
- 7.32%
MSOS vs. SMMT - 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% | 44.84% |
SMMT Summit Therapeutics Inc. | -12.52% | -1.99% | 583.72% | -38.59% | 57.99% | -42.77% | 36.23% |
Correlation
The correlation between MSOS and SMMT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2020 | 0.14 |
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Return for Risk
MSOS vs. SMMT — Risk / Return Rank
MSOS
SMMT
MSOS vs. SMMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and Summit Therapeutics Inc. (SMMT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSOS | SMMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.95 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | -0.70 | +1.83 |
| Martin ratioReturn relative to average drawdown | 2.05 | -1.04 | +3.08 |
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Drawdowns
MSOS vs. SMMT - Drawdown Comparison
The maximum MSOS drawdown since its inception was -96.25%, roughly equal to the maximum SMMT drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for MSOS and SMMT.
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Drawdown Indicators
| MSOS | SMMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -95.75% | -0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -52.91% | -55.49% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -81.71% | -64.44% | -17.27% |
Max Drawdown (5Y)Largest decline over 5 years | -94.57% | -91.78% | -2.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -95.75% | — |
Current DrawdownCurrent decline from peak | -91.44% | -58.31% | -33.13% |
Average DrawdownAverage peak-to-trough decline | -72.04% | -57.64% | -14.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.09% | 37.53% | -8.44% |
Volatility
MSOS vs. SMMT - Volatility Comparison
AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 16.90% compared to Summit Therapeutics Inc. (SMMT) at 11.99%. This indicates that MSOS's price experiences larger fluctuations and is considered to be riskier than SMMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSOS | SMMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.90% | 11.99% | +4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 57.21% | 56.74% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.70% | 74.27% | +38.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.34% | 185.18% | -106.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.87% | 144.53% | -70.66% |
Dividends
MSOS vs. SMMT - Dividend Comparison
Neither MSOS nor SMMT has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MSOS AdvisorShares Pure US Cannabis ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.27% |
SMMT Summit Therapeutics Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSOS and SMMT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSOS has higher volatility (16.90%) compared to SMMT (11.99%). In terms of maximum drawdown, MSOS dropped -96.25% vs SMMT's -95.75%.
MSOS currently has the higher Sharpe Ratio (0.53 vs -0.53), 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.
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