MSOS vs. TOKE
Compare and contrast key facts about AdvisorShares Pure US Cannabis ETF (MSOS) and Cambria Cannabis ETF (TOKE).
MSOS and TOKE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSOS is an actively managed fund by AdvisorShares. It was launched on Sep 1, 2020. TOKE is an actively managed fund by Cambria. It was launched on Jul 25, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSOS or TOKE.
Key characteristics
| MSOS | TOKE | |
|---|---|---|
| YTD Return | 37.95% | 10.80% |
| 1Y Return | 64.74% | 9.24% |
| 3Y Return (Ann) | -39.07% | -27.26% |
| Sharpe Ratio | 1.05 | 0.36 |
| Daily Std Dev | 76.88% | 26.59% |
| Max Drawdown | -91.24% | -79.46% |
| Current Drawdown | -82.43% | -73.81% |
Correlation
The correlation between MSOS and TOKE is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MSOS vs. TOKE - Performance Comparison
In the year-to-date period, MSOS achieves a 37.95% return, which is significantly higher than TOKE's 10.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MSOS vs. TOKE - Expense Ratio Comparison
MSOS has a 0.74% expense ratio, which is higher than TOKE's 0.42% expense ratio.
Risk-Adjusted Performance
MSOS vs. TOKE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and Cambria Cannabis ETF (TOKE). 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.
Dividends
MSOS vs. TOKE - Dividend Comparison
MSOS has not paid dividends to shareholders, while TOKE's dividend yield for the trailing twelve months is around 3.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
MSOS AdvisorShares Pure US Cannabis ETF | 0.00% | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% |
TOKE Cambria Cannabis ETF | 3.61% | 4.20% | 2.11% | 3.54% | 4.33% | 2.21% |
Drawdowns
MSOS vs. TOKE - Drawdown Comparison
The maximum MSOS drawdown since its inception was -91.24%, which is greater than TOKE's maximum drawdown of -79.46%. Use the drawdown chart below to compare losses from any high point for MSOS and TOKE. For additional features, visit the drawdowns tool.
Volatility
MSOS vs. TOKE - Volatility Comparison
AdvisorShares Pure US Cannabis ETF (MSOS) has a higher volatility of 32.52% compared to Cambria Cannabis ETF (TOKE) at 15.30%. This indicates that MSOS's price experiences larger fluctuations and is considered to be riskier than TOKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.