MSOX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Advisorshares Msos 2x Daily ETF (MSOX) and S&P 500 Index (^GSPC).

MSOX is an actively managed fund by AdvisorShares. It was launched on Aug 23, 2022.

Performance

MSOX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisorshares Msos 2x Daily ETF (MSOX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

MSOX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MSOX Advisorshares Msos 2x Daily ETF	-48.44%	-51.20%	-87.32%	-39.26%	-79.25%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-7.28%

Returns By Period

In the year-to-date period, MSOX achieves a -48.44% return, which is significantly lower than ^GSPC's -3.95% return.

MSOX

• 1D: 7.44%
• 1M: -6.85%
• YTD: -48.44%
• 6M: -72.63%
• 1Y: -40.16%
• 3Y*: -68.71%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

MSOX vs. ^GSPC — Risk / Return Rank

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

MSOX

MSOX Risk / Return Rank: 19
MSOX Sharpe Ratio Rank: 8
MSOX Sortino Ratio Rank: 44
MSOX Omega Ratio Rank: 34
MSOX Calmar Ratio Rank: 4
MSOX Martin Ratio Rank: 5

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

MSOX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) and S&P 500 Index (^GSPC). 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.

	MSOX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.19	0.92	-1.11
Sortino ratio Return per unit of downside risk	1.29	1.41	-0.12
Omega ratio Gain probability vs. loss probability	1.15	1.21	-0.07
Calmar ratio Return relative to maximum drawdown	-0.49	1.41	-1.91
Martin ratio Return relative to average drawdown	-0.83	6.61	-7.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSOX vs. ^GSPC - Sharpe Ratio Comparison

The current MSOX Sharpe Ratio is -0.19, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of MSOX and ^GSPC, 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

	MSOX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	0.92	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	0.46	-0.93

Correlation

The correlation between MSOX and ^GSPC is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

MSOX vs. ^GSPC - Drawdown Comparison

The maximum MSOX drawdown since its inception was -99.75%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MSOX and ^GSPC.

Drawdown Indicators

	MSOX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-56.78%	-42.97%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	-12.14%	-72.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-99.66%	-5.78%	-93.88%
Average Drawdown Average peak-to-trough decline	-88.34%	-10.75%	-77.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.20%	2.60%	+47.60%

Volatility

MSOX vs. ^GSPC - Volatility Comparison

Advisorshares Msos 2x Daily ETF (MSOX) has a higher volatility of 44.49% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that MSOX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSOX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.49%	5.37%	+39.12%
Volatility (6M) Calculated over the trailing 6-month period	153.60%	9.55%	+144.05%
Volatility (1Y) Calculated over the trailing 1-year period	213.62%	18.33%	+195.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	166.98%	16.90%	+150.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	166.98%	18.05%	+148.93%