MSOS vs. TCNNF

Last updated Jun 24, 2026

MSOS (AdvisorShares Pure US Cannabis ETF) is Small Cap Blend Equities fund actively managed by AdvisorShares, while TCNNF (Trulieve Cannabis Corp) is a stock. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

MSOS vs. TCNNF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Pure US Cannabis ETF (MSOS) and Trulieve Cannabis Corp (TCNNF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSOS

• 1D: -3.85%
• 1M: 1.58%
• YTD: -4.66%
• 6M: -4.66%
• 1Y: 118.45%
• 3Y*: -6.53%
• 5Y*: -35.42%
• 10Y*: —

TCNNF

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSOS vs. TCNNF - Yearly Performance Comparison

	2026 (YTD)
MSOS AdvisorShares Pure US Cannabis ETF	-17.73%
TCNNF Trulieve Cannabis Corp	-5.71%

Correlation

The correlation between MSOS and TCNNF is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026	0.61

Return for Risk

MSOS vs. TCNNF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSOS

MSOS Risk / Return Rank: 39
MSOS Sharpe Ratio Rank: 31
MSOS Sortino Ratio Rank: 45
MSOS Omega Ratio Rank: 40
MSOS Calmar Ratio Rank: 47
MSOS Martin Ratio Rank: 30

TCNNF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSOS vs. TCNNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and Trulieve Cannabis Corp (TCNNF). 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	TCNNF	Difference
Sharpe ratio: Return per unit of total volatility	1.06	—	—
Sortino ratio: Return per unit of downside risk	2.19	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.25	—	—
Martin ratio: Return relative to average drawdown	4.21	—	—

Drawdowns

MSOS vs. TCNNF - Drawdown Comparison

The maximum MSOS drawdown since its inception was -96.25%, which is greater than TCNNF's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for MSOS and TCNNF.

Drawdown Indicators

	MSOS	TCNNF	Difference
Max Drawdown Largest peak-to-trough decline	-96.25%	-11.15%	-85.10%
Max Drawdown (1Y) Largest decline over 1 year	-52.91%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-81.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-94.95%	—	—
Current Drawdown Current decline from peak	-91.80%	-11.15%	-80.65%
Average Drawdown Average peak-to-trough decline	-71.87%	-10.14%	-61.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.27%	—	—

Volatility

Volatility by Period

	MSOS	TCNNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	112.86%	63.42%	+49.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.15%	63.42%	+14.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.00%	63.42%	+10.58%

Dividends

MSOS vs. TCNNF - Dividend Comparison

Neither MSOS nor TCNNF 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%
TCNNF Trulieve Cannabis Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSOS and TCNNF in my portfolio?

MSOS and TCNNF have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.