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 -34.43%/yr vs -31.04%/yr for SNDL. At a 0.43 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 -0.42% return, which is significantly higher than SNDL's -21.08% return.
MSOS
- 1D
- 4.68%
- 1M
- -6.75%
- 6M
- -6.37%
- YTD
- -0.42%
- 1Y
- 59.32%
- 3Y*
- -7.82%
- 5Y*
- -34.43%
- 10Y*
- —
SNDL
- 1D
- 0.00%
- 1M
- -7.75%
- 6M
- -21.08%
- YTD
- -21.08%
- 1Y
- -5.76%
- 3Y*
- -2.19%
- 5Y*
- -31.04%
- 10Y*
- —
MSOS vs. SNDL - 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% |
SNDL Sundial Growers Inc. | -21.08% | -7.26% | 9.15% | -21.53% | -63.86% | 22.13% | 51.76% |
Correlation
The correlation between MSOS and SNDL is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2020 | 0.43 |
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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 | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.05 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | -0.11 | +1.23 |
| Martin ratioReturn relative to average drawdown | 2.05 | -0.15 | +2.20 |
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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 | -94.57% | -86.85% | -7.72% |
Current DrawdownCurrent decline from peak | -91.44% | -98.99% | +7.55% |
Average DrawdownAverage peak-to-trough decline | -72.04% | -94.48% | +22.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.09% | 38.03% | -8.94% |
Volatility
MSOS vs. SNDL - Volatility Comparison
AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 16.90% compared to Sundial Growers Inc. (SNDL) at 9.10%. 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 | 16.90% | 9.10% | +7.80% |
Volatility (6M)Calculated over the trailing 6-month period | 57.21% | 29.76% | +27.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.70% | 67.68% | +45.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.34% | 70.20% | +8.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.87% | 114.37% | -40.50% |
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 0.43, 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 SNDL (9.10%). In terms of maximum drawdown, MSOS dropped -96.25% vs SNDL's -99.07%.
MSOS currently has the higher Sharpe Ratio (0.53 vs -0.09), 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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