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 -35.42%/yr vs 17.22%/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 -4.66% return, which is significantly higher than SMMT's -18.52% return.
MSOS
- 1D
- -3.85%
- 1M
- 1.58%
- YTD
- -4.66%
- 6M
- -4.66%
- 1Y
- 118.45%
- 3Y*
- -6.53%
- 5Y*
- -35.42%
- 10Y*
- —
SMMT
- 1D
- -0.21%
- 1M
- -14.26%
- YTD
- -18.52%
- 6M
- -21.36%
- 1Y
- -30.11%
- 3Y*
- 75.20%
- 5Y*
- 17.22%
- 10Y*
- 5.94%
MSOS vs. SMMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MSOS AdvisorShares Pure US Cannabis ETF | -4.66% | 23.88% | -45.65% | 0.29% | -72.68% | -29.69% | 44.84% |
SMMT Summit Therapeutics Inc. | -18.52% | -1.99% | 583.72% | -38.59% | 57.99% | -42.77% | 36.23% |
Correlation
The correlation between MSOS and SMMT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
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 | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.98 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | -0.54 | +2.80 |
| Martin ratioReturn relative to average drawdown | 4.21 | -0.84 | +5.05 |
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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 | -94.95% | -91.78% | -3.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -95.75% | — |
Current DrawdownCurrent decline from peak | -91.80% | -61.17% | -30.63% |
Average DrawdownAverage peak-to-trough decline | -71.87% | -57.64% | -14.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.27% | 35.85% | -7.58% |
Volatility
MSOS vs. SMMT - Volatility Comparison
AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 22.12% compared to Summit Therapeutics Inc. (SMMT) at 19.16%. 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 | 22.12% | 19.16% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 57.66% | 56.82% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.86% | 75.65% | +37.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.15% | 185.23% | -107.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.00% | 144.54% | -70.54% |
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 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSOS has higher volatility (22.12%) compared to SMMT (19.16%). In terms of maximum drawdown, MSOS dropped -96.25% vs SMMT's -95.75%.
MSOS currently has the higher Sharpe Ratio (1.06 vs -0.40), 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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