MSOX vs. CNBS

Last updated Jul 14, 2026

MSOX (Advisorshares Msos 2x Daily ETF) and CNBS (Amplify Seymour Cannabis ETF) are both exchange-traded funds - MSOX is a Leveraged Equities fund actively managed by AdvisorShares, while CNBS is a Cannabis fund actively managed by Amplify. Both are actively managed. Over the past 3 years, MSOX returned -66.53%/yr vs -5.21%/yr for CNBS. Their correlation of 0.92 suggests significant overlap in exposure. MSOX charges 0.95%/yr vs 0.75%/yr for CNBS.

Performance

MSOX vs. CNBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisorshares Msos 2x Daily ETF (MSOX) and Amplify Seymour Cannabis ETF (CNBS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSOX achieves a -37.05% return, which is significantly lower than CNBS's -3.21% return.

MSOX

• 1D: 9.30%
• 1M: -17.54%
• 6M: -43.26%
• YTD: -37.05%
• 1Y: -29.50%
• 3Y*: -66.53%
• 5Y*: —
• 10Y*: —

CNBS

• 1D: 3.58%
• 1M: -5.92%
• 6M: -9.58%
• YTD: -3.21%
• 1Y: 48.36%
• 3Y*: -5.21%
• 5Y*: -32.41%
• 10Y*: —

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

MSOX vs. CNBS - 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%
CNBS Amplify Seymour Cannabis ETF	-3.21%	15.33%	-29.41%	-16.11%	-28.01%

Correlation

The correlation between MSOX and CNBS is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.92

The correlation between MSOX and CNBS has been stable across timeframes, ranging from 0.92 to 0.98 - a consistent structural relationship.

MSOX vs. CNBS - Sectors Allocation Comparison

Sectors	MSOX	CNBS
Financial Services	182.4%	1.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	3.4%
Consumer Defensive	-	7.0%
Energy	-	-
Healthcare	-	63.1%
Industrials	-	0.1%
Real Estate	-	13.8%
Technology	-	10.7%
Utilities	-	-

Return for Risk

MSOX vs. CNBS — Risk / Return Rank

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

MSOX

MSOX Risk / Return Rank: 17
MSOX Sharpe Ratio Rank: 8
MSOX Sortino Ratio Rank: 34
MSOX Omega Ratio Rank: 30
MSOX Calmar Ratio Rank: 6
MSOX Martin Ratio Rank: 7

CNBS

CNBS Risk / Return Rank: 26
CNBS Sharpe Ratio Rank: 18
CNBS Sortino Ratio Rank: 36
CNBS Omega Ratio Rank: 33
CNBS Calmar Ratio Rank: 24
CNBS Martin Ratio Rank: 19

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. CNBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) and Amplify Seymour Cannabis ETF (CNBS). 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	CNBS	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	0.46	-0.59
Sortino ratio: Return per unit of downside risk	1.49	1.55	-0.06
Omega ratio: Gain probability vs. loss probability	1.17	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.35	0.95	-1.30
Martin ratio: Return relative to average drawdown	-0.50	1.66	-2.15

MSOX vs. CNBS - Sharpe Ratio Comparison

The current MSOX Sharpe Ratio is -0.13, which is lower than the CNBS Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of MSOX and CNBS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSOX vs. CNBS - Drawdown Comparison

The maximum MSOX drawdown since its inception was -99.75%, roughly equal to the maximum CNBS drawdown of -95.71%. Use the drawdown chart below to compare losses from any high point for MSOX and CNBS.

Drawdown Indicators

	MSOX	CNBS	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-95.71%	-4.04%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	-51.25%	-33.64%
Max Drawdown (3Y) Largest decline over 3 years	-98.83%	-73.41%	-25.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-92.71%	—
Current Drawdown Current decline from peak	-99.58%	-91.57%	-8.01%
Average Drawdown Average peak-to-trough decline	-89.04%	-71.52%	-17.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	59.62%	29.30%	+30.32%

Volatility

MSOX vs. CNBS - Volatility Comparison

Advisorshares Msos 2x Daily ETF (MSOX) has a higher volatility of 33.52% compared to Amplify Seymour Cannabis ETF (CNBS) at 15.71%. This indicates that MSOX's price experiences larger fluctuations and is considered to be riskier than CNBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSOX	CNBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.52%	15.71%	+17.81%
Volatility (6M) Calculated over the trailing 6-month period	112.31%	53.18%	+59.13%
Volatility (1Y) Calculated over the trailing 1-year period	220.61%	105.84%	+114.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	167.49%	65.23%	+102.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	167.49%	61.28%	+106.21%

MSOX vs. CNBS - Expense Ratio Comparison

MSOX has a 0.95% expense ratio, which is higher than CNBS's 0.75% expense ratio.

Dividends

MSOX vs. CNBS - Dividend Comparison

Neither MSOX nor CNBS has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CNBS Amplify Seymour Cannabis ETF	0.00%	0.00%	43.54%	0.00%	0.00%	0.00%	0.58%	0.58%
MSOX Advisorshares Msos 2x Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSOX and CNBS in my portfolio?

With a correlation of 0.98, MSOX and CNBS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MSOX or CNBS?

MSOX has higher volatility (33.52%) compared to CNBS (15.71%). In terms of maximum drawdown, MSOX dropped -99.75% vs CNBS's -95.71%.

Which ETF is better, MSOX or CNBS?

On 3-year performance, CNBS leads with -5.21% vs -66.53% for MSOX. On fees, CNBS is cheaper at 0.75% per year. On volatility, CNBS has been the lower-risk option at 15.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSOX or CNBS?

Over the 3-year period, CNBS has performed better with a -5.21% return vs -66.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSOX or CNBS?

CNBS is cheaper with a 0.75% expense ratio, compared with 0.95% for MSOX.

Which ETF pays a higher dividend yield, MSOX or CNBS?

MSOX and CNBS have nearly identical dividend yields, around 0.00%.

What is the main difference between MSOX and CNBS?

MSOX is categorized as Leveraged Equities, while CNBS is Cannabis. They also come from different issuers: AdvisorShares and Amplify. Their fees differ too: 0.95% for MSOX and 0.75% for CNBS.

Which has better risk-adjusted returns?

CNBS currently has the higher Sharpe Ratio (0.46 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.