MSOX vs. ^GSPC
MSOX (Advisorshares Msos 2x Daily ETF) is Leveraged Equities fund actively managed by AdvisorShares, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, MSOX returned -66.53%/yr vs 18.60%/yr for ^GSPC. At a 0.24 correlation, their price movements are largely independent.
Performance
MSOX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, MSOX achieves a -37.05% return, which is significantly lower than ^GSPC's 9.79% return.
MSOX
- 1D
- 9.30%
- 1M
- -17.54%
- 6M
- -43.26%
- YTD
- -37.05%
- 1Y
- -29.50%
- 3Y*
- -66.53%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -0.79%
- 1M
- 1.13%
- 6M
- 7.71%
- YTD
- 9.79%
- 1Y
- 20.06%
- 3Y*
- 18.60%
- 5Y*
- 11.43%
- 10Y*
- 13.27%
MSOX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSOX Advisorshares Msos 2x Daily ETF | -37.05% | -51.20% | -87.32% | -39.26% | -76.29% |
^GSPC S&P 500 Index | 9.79% | 16.39% | 23.31% | 24.23% | -7.01% |
Correlation
The correlation between MSOX and ^GSPC is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022 | 0.24 |
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Return for Risk
MSOX vs. ^GSPC — Risk / Return Rank
MSOX
^GSPC
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.
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.
| MSOX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 2.21 | -2.56 |
| Martin ratioReturn relative to average drawdown | -0.50 | 9.61 | -10.10 |
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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.
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Drawdown Indicators
| MSOX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.75% | -56.78% | -42.97% |
Max Drawdown (1Y)Largest decline over 1 year | -84.89% | -9.10% | -75.79% |
Max Drawdown (3Y)Largest decline over 3 years | -98.83% | -18.90% | -79.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -99.58% | -1.24% | -98.34% |
Average DrawdownAverage peak-to-trough decline | -89.04% | -10.71% | -78.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.62% | 2.09% | +57.53% |
Volatility
MSOX vs. ^GSPC - Volatility Comparison
Advisorshares Msos 2x Daily ETF (MSOX) has a higher volatility of 33.52% compared to S&P 500 Index (^GSPC) at 3.96%. 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.
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Volatility by Period
| MSOX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.52% | 3.96% | +29.56% |
Volatility (6M)Calculated over the trailing 6-month period | 112.31% | 9.99% | +102.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 220.61% | 12.57% | +208.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 167.49% | 17.01% | +150.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 167.49% | 18.05% | +149.44% |
Frequently Asked Questions
MSOX and ^GSPC have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSOX has higher volatility (33.52%) compared to ^GSPC (3.96%). In terms of maximum drawdown, MSOX dropped -99.75% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.61 vs -0.13), 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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