MSOS vs. WEED

Last updated Apr 1, 2026

Compare and contrast key facts about AdvisorShares Pure US Cannabis ETF (MSOS) and Roundhill Cannabis ETF (WEED).

MSOS and WEED 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. WEED is an actively managed fund by Roundhill. It was launched on Apr 19, 2022.

Performance

MSOS vs. WEED - Performance Comparison

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

MSOS vs. WEED - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MSOS AdvisorShares Pure US Cannabis ETF	-24.79%	23.88%	-45.65%	0.29%	-60.93%
WEED Roundhill Cannabis ETF	-23.72%	19.40%	-44.93%	0.87%	-60.22%

Returns By Period

The year-to-date returns for both investments are quite close, with MSOS having a -24.79% return and WEED slightly higher at -23.72%.

MSOS

• 1D: 12.70%
• 1M: -8.51%
• YTD: -24.79%
• 6M: -25.89%
• 1Y: 36.02%
• 3Y*: -14.55%
• 5Y*: -39.20%
• 10Y*: —

WEED

• 1D: 12.68%
• 1M: -7.71%
• YTD: -23.72%
• 6M: -26.88%
• 1Y: 37.27%
• 3Y*: -13.04%
• 5Y*: —
• 10Y*: —

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

MSOS vs. WEED - Expense Ratio Comparison

MSOS has a 0.74% expense ratio, which is higher than WEED's 0.40% expense ratio.

MSOS

AdvisorShares Pure US Cannabis ETF

WEED

Roundhill Cannabis ETF

Return for Risk

MSOS vs. WEED — Risk / Return Rank

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

MSOS

MSOS Risk / Return Rank: 35
MSOS Sharpe Ratio Rank: 22
MSOS Sortino Ratio Rank: 57
MSOS Omega Ratio Rank: 43
MSOS Calmar Ratio Rank: 29
MSOS Martin Ratio Rank: 22

WEED

WEED Risk / Return Rank: 33
WEED Sharpe Ratio Rank: 21
WEED Sortino Ratio Rank: 55
WEED Omega Ratio Rank: 42
WEED Calmar Ratio Rank: 27
WEED Martin Ratio Rank: 20

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. WEED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure US Cannabis ETF (MSOS) and Roundhill Cannabis ETF (WEED). 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.

	MSOS	WEED	Difference
Sharpe ratio Return per unit of total volatility	0.33	0.34	-0.01
Sortino ratio Return per unit of downside risk	1.42	1.46	-0.05
Omega ratio Gain probability vs. loss probability	1.16	1.17	-0.01
Calmar ratio Return relative to maximum drawdown	0.66	0.65	+0.01
Martin ratio Return relative to average drawdown	1.32	1.28	+0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSOS vs. WEED - Sharpe Ratio Comparison

The current MSOS Sharpe Ratio is 0.33, which is comparable to the WEED Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of MSOS and WEED, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSOS	WEED	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	0.34	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	-0.41	+0.01

Correlation

The correlation between MSOS and WEED is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MSOS vs. WEED - Dividend Comparison

Neither MSOS nor WEED has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
MSOS AdvisorShares Pure US Cannabis ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%
WEED Roundhill Cannabis ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MSOS vs. WEED - Drawdown Comparison

The maximum MSOS drawdown since its inception was -96.25%, which is greater than WEED's maximum drawdown of -88.07%. Use the drawdown chart below to compare losses from any high point for MSOS and WEED.

Drawdown Indicators

	MSOS	WEED	Difference
Max Drawdown Largest peak-to-trough decline	-96.25%	-88.07%	-8.18%
Max Drawdown (1Y) Largest decline over 1 year	-52.91%	-54.01%	+1.10%
Max Drawdown (5Y) Largest decline over 5 years	-95.26%	—	—
Current Drawdown Current decline from peak	-93.53%	-79.88%	-13.65%
Average Drawdown Average peak-to-trough decline	-71.08%	-62.26%	-8.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.44%	27.38%	-0.94%

Volatility

MSOS vs. WEED - Volatility Comparison

AdvisorShares Pure US Cannabis ETF (MSOS) and Roundhill Cannabis ETF (WEED) have volatilities of 22.69% and 22.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSOS	WEED	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.69%	22.82%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	79.95%	79.66%	+0.29%
Volatility (1Y) Calculated over the trailing 1-year period	109.99%	109.98%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.80%	81.88%	-6.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.16%	81.88%	-8.72%