MSOX vs. SHV
MSOX (Advisorshares Msos 2x Daily ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - MSOX is a Leveraged Equities fund actively managed by AdvisorShares, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. MSOX is actively managed, while SHV is passively managed. Over the past 3 years, MSOX returned -64.41%/yr vs 4.60%/yr for SHV. At a correlation of -0.04, they often move in opposite directions. MSOX charges 0.95%/yr vs 0.15%/yr for SHV.
Performance
MSOX vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, MSOX achieves a -34.60% return, which is significantly lower than SHV's 1.58% return.
MSOX
- 1D
- -10.94%
- 1M
- 6.55%
- YTD
- -34.60%
- 6M
- -28.54%
- 1Y
- 28.79%
- 3Y*
- -64.41%
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- -0.01%
- 1M
- 0.25%
- YTD
- 1.58%
- 6M
- 1.68%
- 1Y
- 3.83%
- 3Y*
- 4.60%
- 5Y*
- 3.35%
- 10Y*
- 2.23%
MSOX vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSOX Advisorshares Msos 2x Daily ETF | -34.60% | -51.20% | -87.32% | -39.26% | -76.29% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.58% | 4.21% | 5.12% | 5.04% | 0.94% |
Correlation
The correlation between MSOX and SHV is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022 | -0.04 |
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Return for Risk
MSOX vs. SHV — Risk / Return Rank
MSOX
SHV
MSOX vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) and iShares 0-1 Year Treasury Bond ETF (SHV). 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 | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.43 | ||
| Sortino ratioReturn per unit of downside risk | -96.00 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 35.59 | -34.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 141.48 | -141.14 |
| Martin ratioReturn relative to average drawdown | 0.51 | 1,585.41 | -1,584.90 |
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Drawdowns
MSOX vs. SHV - Drawdown Comparison
The maximum MSOX drawdown since its inception was -99.75%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for MSOX and SHV.
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Drawdown Indicators
| MSOX | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.75% | -0.45% | -99.30% |
Max Drawdown (1Y)Largest decline over 1 year | -84.89% | -0.03% | -84.86% |
Max Drawdown (3Y)Largest decline over 3 years | -98.83% | -0.03% | -98.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -99.57% | -0.01% | -99.56% |
Average DrawdownAverage peak-to-trough decline | -88.89% | -0.03% | -88.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.94% | 0.00% | +56.94% |
Volatility
MSOX vs. SHV - Volatility Comparison
Advisorshares Msos 2x Daily ETF (MSOX) has a higher volatility of 41.52% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.07%. This indicates that MSOX's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSOX | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.52% | 0.07% | +41.45% |
Volatility (6M)Calculated over the trailing 6-month period | 132.97% | 0.13% | +132.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 220.88% | 0.21% | +220.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 168.12% | 0.29% | +167.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 168.12% | 0.28% | +167.84% |
MSOX vs. SHV - Expense Ratio Comparison
MSOX has a 0.95% expense ratio, which is higher than SHV's 0.15% expense ratio.
Dividends
MSOX vs. SHV - Dividend Comparison
MSOX has not paid dividends to shareholders, while SHV's dividend yield for the trailing twelve months is around 3.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSOX Advisorshares Msos 2x Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.83% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
MSOX and SHV have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSOX has higher volatility (41.52%) compared to SHV (0.07%). In terms of maximum drawdown, MSOX dropped -99.75% vs SHV's -0.45%.
On 3-year performance, SHV leads with 4.60% vs -64.41% for MSOX. On fees, SHV is cheaper at 0.15% per year. On volatility, SHV has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SHV has performed better with a 4.60% return vs -64.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHV is cheaper with a 0.15% expense ratio, compared with 0.95% for MSOX.
SHV has the higher dividend yield at 3.83%, compared with 0.00% for MSOX.
MSOX is categorized as Leveraged Equities, while SHV is Government Bonds. They also come from different issuers: AdvisorShares and iShares. Their fees differ too: 0.95% for MSOX and 0.15% for SHV.
SHV currently has the higher Sharpe Ratio (18.56 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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