MSOX vs. DWUS

Last updated Aug 2, 2026

MSOX (Advisorshares Msos 2x Daily ETF) and DWUS (AdvisorShares Dorsey Wright FSM US Core ETF) are both exchange-traded funds - MSOX is a Leveraged Equities fund actively managed by AdvisorShares, while DWUS is a Diversified Portfolio fund actively managed by AdvisorShares. Both are actively managed. Over the past 3 years, MSOX returned -66.81%/yr vs 15.03%/yr for DWUS. Their 0.21 correlation means their historical movements had little consistent relationship. MSOX charges 0.95%/yr vs 1.17%/yr for DWUS.

Performance

MSOX vs. DWUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisorshares Msos 2x Daily ETF (MSOX) and AdvisorShares Dorsey Wright FSM US Core ETF (DWUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSOX achieves a -49.55% return, which is significantly lower than DWUS's 6.13% return.

MSOX

• 1D: 0.44%
• 1M: -27.56%
• 6M: -30.25%
• YTD: -49.55%
• 1Y: -44.33%
• 3Y*: -66.81%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -74.69%

DWUS

• 1D: 0.52%
• 1M: -4.34%
• 6M: 4.31%
• YTD: 6.13%
• 1Y: 13.89%
• 3Y*: 15.03%
• 5Y*: 9.13%
• 10Y*: —
• ALL TIME*: 15.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DWUS AdvisorShares Dorsey Wright FSM US Core ETF	$25.53K	$18.52K	$88.59K
MSOX Advisorshares Msos 2x Daily ETF	$3.60M	$4.46M	$7.39M

MSOX vs. DWUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MSOX Advisorshares Msos 2x Daily ETF	-49.55%	-51.20%	-87.32%	-39.26%	-76.29%
DWUS AdvisorShares Dorsey Wright FSM US Core ETF	6.13%	12.75%	20.26%	20.62%	-2.21%

Correlation

The correlation between MSOX and DWUS is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (3Y) Balances recent behavior with more history.	0.20
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.21

MSOX vs. DWUS - Sectors Allocation Comparison

Sectors	MSOX	DWUS
Financial Services	184.5%	2.5%
Basic Materials	-	1.5%
Communication Services	-	8.6%
Consumer Cyclical	-	6.5%
Consumer Defensive	-	4.8%
Energy	-	4.9%
Healthcare	-	3.6%
Industrials	-	9.2%
Real Estate	-	0.6%
Technology	-	57.0%
Utilities	-	0.9%

Return for Risk

MSOX vs. DWUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MSOX

MSOX Risk / Return Rank: 18
MSOX Sharpe Ratio Rank: 8
MSOX Sortino Ratio Rank: 38
MSOX Omega Ratio Rank: 33
MSOX Calmar Ratio Rank: 6
MSOX Martin Ratio Rank: 7

DWUS

DWUS Risk / Return Rank: 28
DWUS Sharpe Ratio Rank: 27
DWUS Sortino Ratio Rank: 26
DWUS Omega Ratio Rank: 26
DWUS Calmar Ratio Rank: 28
DWUS Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MSOX vs. DWUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) and AdvisorShares Dorsey Wright FSM US Core ETF (DWUS). 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	DWUS	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	0.64	-0.80
Sortino ratio: Return per unit of downside risk	1.40	1.00	+0.40
Omega ratio: Gain probability vs. loss probability	1.16	1.13	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.41	0.92	-1.33
Martin ratio: Return relative to average drawdown	-0.56	3.26	-3.82

MSOX vs. DWUS - Sharpe Ratio Comparison

The current MSOX Sharpe Ratio is -0.16, which is lower than the DWUS Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of MSOX and DWUS, 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. DWUS - Drawdown Comparison

The maximum MSOX drawdown since its inception was -99.75%, which is greater than DWUS's maximum drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for MSOX and DWUS.

Drawdown Indicators

	MSOX	DWUS	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-30.47%	-69.28%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	-14.35%	-70.54%
Max Drawdown (3Y) Largest decline over 3 years	-98.83%	-19.63%	-79.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.45%	—
Current Drawdown Current decline from peak	-99.67%	-10.02%	-89.65%
Average Drawdown Average peak-to-trough decline	-89.19%	-6.82%	-82.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	62.34%	4.06%	+58.28%

Volatility

MSOX vs. DWUS - Volatility Comparison

Advisorshares Msos 2x Daily ETF (MSOX) has a higher volatility of 25.51% compared to AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) at 8.91%. This indicates that MSOX's price experiences larger fluctuations and is considered to be riskier than DWUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSOX	DWUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.51%	8.91%	+16.60%
Volatility (6M) Calculated over the trailing 6-month period	110.30%	17.97%	+92.33%
Volatility (1Y) Calculated over the trailing 1-year period	217.82%	20.62%	+197.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	166.50%	19.61%	+146.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	166.50%	22.60%	+143.90%

MSOX vs. DWUS - Expense Ratio Comparison

MSOX has a 0.95% expense ratio, which is lower than DWUS's 1.17% expense ratio.

Dividends

MSOX vs. DWUS - Dividend Comparison

MSOX has not paid dividends to shareholders, while DWUS's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020
DWUS AdvisorShares Dorsey Wright FSM US Core ETF	0.03%	0.03%	0.18%	0.29%	0.89%	0.35%	0.08%
MSOX Advisorshares Msos 2x Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSOX and DWUS in my portfolio?

MSOX and DWUS have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSOX or DWUS?

MSOX has higher volatility (25.51%) compared to DWUS (8.91%). In terms of maximum drawdown, MSOX dropped -99.75% vs DWUS's -30.47%.

Which ETF is better, MSOX or DWUS?

On 3-year performance, DWUS leads with 15.03% vs -66.81% for MSOX. On fees, MSOX is cheaper at 0.95% per year. On volatility, DWUS has been the lower-risk option at 8.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSOX or DWUS?

Over the 3-year period, DWUS has performed better with a 15.03% return vs -66.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSOX or DWUS?

MSOX is cheaper with a 0.95% expense ratio, compared with 1.17% for DWUS.

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

DWUS has the higher dividend yield at 0.03%, compared with 0.00% for MSOX.

What is the main difference between MSOX and DWUS?

MSOX is categorized as Leveraged Equities, while DWUS is Diversified Portfolio. Their fees differ too: 0.95% for MSOX and 1.17% for DWUS.

Which has better risk-adjusted returns?

DWUS currently has the higher Sharpe Ratio (0.64 vs -0.16), 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.