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 -66.53%/yr vs 4.57%/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 -37.05% return, which is significantly lower than SHV's 1.79% return.
MSOX
- 1D
- 9.30%
- 1M
- -17.54%
- 6M
- -43.26%
- YTD
- -37.05%
- 1Y
- -29.50%
- 3Y*
- -66.53%
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- -0.01%
- 1M
- 0.25%
- 6M
- 1.70%
- YTD
- 1.79%
- 1Y
- 3.81%
- 3Y*
- 4.57%
- 5Y*
- 3.39%
- 10Y*
- 2.26%
MSOX vs. SHV - 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% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.79% | 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 | -0.02 |
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 | -18.30 | ||
| Sortino ratioReturn per unit of downside risk | -91.00 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 30.49 | -29.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 140.72 | -141.07 |
| Martin ratioReturn relative to average drawdown | -0.50 | 1,495.85 | -1,496.34 |
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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 | — | -0.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -99.58% | -0.01% | -99.57% |
Average DrawdownAverage peak-to-trough decline | -89.04% | -0.03% | -89.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.62% | 0.00% | +59.62% |
Volatility
MSOX vs. SHV - Volatility Comparison
Advisorshares Msos 2x Daily ETF (MSOX) has a higher volatility of 33.52% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.08%. 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 | 33.52% | 0.08% | +33.44% |
Volatility (6M)Calculated over the trailing 6-month period | 112.31% | 0.14% | +112.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 220.61% | 0.21% | +220.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 167.49% | 0.29% | +167.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 167.49% | 0.28% | +167.21% |
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 3.78%.
| 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 | 3.78% | 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 (33.52%) compared to SHV (0.08%). In terms of maximum drawdown, MSOX dropped -99.75% vs SHV's -0.45%.
On 3-year performance, SHV leads with 4.57% vs -66.53% for MSOX. On fees, SHV is cheaper at 0.15% per year. On volatility, SHV has been the lower-risk option at 0.08%. 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 4.57% return vs -66.53%. 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 3.78%, 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 (18.17 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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