MSOX vs. WEED

Last updated Jul 14, 2026

MSOX (Advisorshares Msos 2x Daily ETF) and WEED (Roundhill Cannabis ETF) are both exchange-traded funds - MSOX is a Leveraged Equities fund actively managed by AdvisorShares, while WEED is a Cannabis fund actively managed by Roundhill. Both are actively managed. Over the past 3 years, MSOX returned -66.53%/yr vs -6.11%/yr for WEED. With a 0.96 correlation, they move nearly in lockstep. MSOX charges 0.95%/yr vs 0.40%/yr for WEED.

Performance

MSOX vs. WEED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisorshares Msos 2x Daily ETF (MSOX) and Roundhill Cannabis ETF (WEED). 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 WEED's 3.46% return.

MSOX

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

WEED

• 1D: 4.85%
• 1M: -5.56%
• 6M: -4.33%
• YTD: 3.46%
• 1Y: 62.98%
• 3Y*: -6.11%
• 5Y*: —
• 10Y*: —

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

MSOX vs. WEED - 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%
WEED Roundhill Cannabis ETF	3.46%	19.40%	-44.93%	0.87%	-37.73%

Correlation

The correlation between MSOX and WEED 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	0.96
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.96

The correlation between MSOX and WEED has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

MSOX vs. WEED - Sectors Allocation Comparison

Sectors	MSOX	WEED
Financial Services	182.4%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	17.3%
Energy	-	-
Healthcare	-	60.0%
Industrials	-	-
Real Estate	-	16.3%
Technology	-	6.3%
Utilities	-	-

Return for Risk

MSOX vs. WEED — 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

WEED

WEED Risk / Return Rank: 30
WEED Sharpe Ratio Rank: 20
WEED Sortino Ratio Rank: 41
WEED Omega Ratio Rank: 37
WEED Calmar Ratio Rank: 29
WEED Martin Ratio Rank: 22

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. WEED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) and Roundhill Cannabis ETF (WEED). 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	WEED	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	0.56	-0.70
Sortino ratio: Return per unit of downside risk	1.49	1.73	-0.24
Omega ratio: Gain probability vs. loss probability	1.17	1.20	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.35	1.17	-1.52
Martin ratio: Return relative to average drawdown	-0.50	2.11	-2.60

MSOX vs. WEED - Sharpe Ratio Comparison

The current MSOX Sharpe Ratio is -0.13, which is lower than the WEED Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of MSOX and WEED, 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. WEED - Drawdown Comparison

The maximum MSOX drawdown since its inception was -99.75%, which is greater than WEED's maximum drawdown of -88.37%. Use the drawdown chart below to compare losses from any high point for MSOX and WEED.

Drawdown Indicators

	MSOX	WEED	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-88.37%	-11.38%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	-54.01%	-30.88%
Max Drawdown (3Y) Largest decline over 3 years	-98.83%	-81.50%	-17.33%
Current Drawdown Current decline from peak	-99.58%	-73.37%	-26.21%
Average Drawdown Average peak-to-trough decline	-89.04%	-63.80%	-25.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	59.62%	30.02%	+29.60%

Volatility

MSOX vs. WEED - Volatility Comparison

Advisorshares Msos 2x Daily ETF (MSOX) has a higher volatility of 33.52% compared to Roundhill Cannabis ETF (WEED) at 17.40%. This indicates that MSOX's price experiences larger fluctuations and is considered to be riskier than WEED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSOX	WEED	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.52%	17.40%	+16.12%
Volatility (6M) Calculated over the trailing 6-month period	112.31%	56.83%	+55.48%
Volatility (1Y) Calculated over the trailing 1-year period	220.61%	113.00%	+107.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	167.49%	82.25%	+85.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	167.49%	82.25%	+85.24%

MSOX vs. WEED - Expense Ratio Comparison

MSOX has a 0.95% expense ratio, which is higher than WEED's 0.40% expense ratio.

Dividends

MSOX vs. WEED - Dividend Comparison

Neither MSOX nor WEED has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MSOX and WEED in my portfolio?

With a correlation of 0.98, MSOX and WEED 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 WEED?

MSOX has higher volatility (33.52%) compared to WEED (17.40%). In terms of maximum drawdown, MSOX dropped -99.75% vs WEED's -88.37%.

Which ETF is better, MSOX or WEED?

On 3-year performance, WEED leads with -6.11% vs -66.53% for MSOX. On fees, WEED is cheaper at 0.40% per year. On volatility, WEED has been the lower-risk option at 17.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSOX or WEED?

Over the 3-year period, WEED has performed better with a -6.11% 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 WEED?

WEED is cheaper with a 0.40% expense ratio, compared with 0.95% for MSOX.

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

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

What is the main difference between MSOX and WEED?

MSOX is categorized as Leveraged Equities, while WEED is Cannabis. They also come from different issuers: AdvisorShares and Roundhill. Their fees differ too: 0.95% for MSOX and 0.40% for WEED.

Which has better risk-adjusted returns?

WEED currently has the higher Sharpe Ratio (0.56 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.