MSOS vs. SNDL
MSOS (AdvisorShares Pure US Cannabis ETF) is Small Cap Blend Equities fund actively managed by AdvisorShares, while SNDL (Sundial Growers Inc.) is a stock. Over the past 5 years, MSOS returned -34.53%/yr vs -32.51%/yr for SNDL. At a 0.44 correlation, their price movements are largely independent.
Performance
MSOS vs. SNDL - Performance Comparison
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Returns By Period
In the year-to-date period, MSOS achieves a -0.85% return, which is significantly higher than SNDL's -15.66% return.
MSOS
- 1D
- -6.21%
- 1M
- 5.64%
- YTD
- -0.85%
- 6M
- 3.08%
- 1Y
- 120.75%
- 3Y*
- -5.30%
- 5Y*
- -34.53%
- 10Y*
- —
SNDL
- 1D
- -1.41%
- 1M
- -3.45%
- YTD
- -15.66%
- 6M
- -21.79%
- 1Y
- 12.00%
- 3Y*
- 3.85%
- 5Y*
- -32.51%
- 10Y*
- —
MSOS vs. SNDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MSOS AdvisorShares Pure US Cannabis ETF | -0.85% | 23.88% | -45.65% | 0.29% | -72.68% | -29.69% | 44.84% |
SNDL Sundial Growers Inc. | -15.66% | -7.26% | 9.15% | -21.53% | -63.86% | 22.13% | 51.76% |
Correlation
The correlation between MSOS and SNDL is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2020 | 0.44 |
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Return for Risk
MSOS vs. SNDL — Risk / Return Rank
MSOS
SNDL
MSOS vs. SNDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and Sundial Growers Inc. (SNDL). 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 | SNDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.10 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 0.22 | +2.07 |
| Martin ratioReturn relative to average drawdown | 4.30 | 0.33 | +3.97 |
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Drawdowns
MSOS vs. SNDL - Drawdown Comparison
The maximum MSOS drawdown since its inception was -96.25%, roughly equal to the maximum SNDL drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for MSOS and SNDL.
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Drawdown Indicators
| MSOS | SNDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -99.07% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -52.91% | -54.17% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -81.71% | -54.34% | -27.37% |
Max Drawdown (5Y)Largest decline over 5 years | -94.95% | -87.90% | -7.05% |
Current DrawdownCurrent decline from peak | -91.47% | -98.92% | +7.45% |
Average DrawdownAverage peak-to-trough decline | -71.85% | -94.44% | +22.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.19% | 35.99% | -7.80% |
Volatility
MSOS vs. SNDL - Volatility Comparison
AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 21.75% compared to Sundial Growers Inc. (SNDL) at 6.77%. This indicates that MSOS's price experiences larger fluctuations and is considered to be riskier than SNDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSOS | SNDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.75% | 6.77% | +14.98% |
Volatility (6M)Calculated over the trailing 6-month period | 65.49% | 30.79% | +34.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.00% | 68.40% | +44.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.15% | 70.52% | +7.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.01% | 114.79% | -40.78% |
Dividends
MSOS vs. SNDL - Dividend Comparison
Neither MSOS nor SNDL 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% |
SNDL Sundial Growers Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSOS and SNDL have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSOS has higher volatility (21.75%) compared to SNDL (6.77%). In terms of maximum drawdown, MSOS dropped -96.25% vs SNDL's -99.07%.
MSOS currently has the higher Sharpe Ratio (1.08 vs 0.18), 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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