QPX vs. MSOS

Last updated Jun 4, 2026

QPX (AdvisorShares Q Dynamic Growth ETF) and MSOS (AdvisorShares Pure US Cannabis ETF) are both exchange-traded funds - QPX is a Large Cap Growth Equities fund actively managed by AdvisorShares, while MSOS is a Small Cap Blend Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 5 years, QPX returned 13.04%/yr vs -35.03%/yr for MSOS. At a 0.29 correlation, their price movements are largely independent. QPX charges 1.46%/yr vs 0.74%/yr for MSOS.

Performance

QPX vs. MSOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Q Dynamic Growth ETF (QPX) and AdvisorShares Pure US Cannabis ETF (MSOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QPX achieves a 10.87% return, which is significantly higher than MSOS's 0.42% return.

QPX

• 1D: -0.66%
• 1M: 7.22%
• YTD: 10.87%
• 6M: 11.56%
• 1Y: 32.39%
• 3Y*: 21.61%
• 5Y*: 13.04%
• 10Y*: —

MSOS

• 1D: -6.14%
• 1M: -2.07%
• YTD: 0.42%
• 6M: 28.46%
• 1Y: 99.16%
• 3Y*: -4.01%
• 5Y*: -35.03%
• 10Y*: —

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

QPX vs. MSOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QPX AdvisorShares Q Dynamic Growth ETF	10.87%	24.12%	17.28%	44.63%	-30.90%	22.29%	0.38%
MSOS AdvisorShares Pure US Cannabis ETF	0.42%	23.88%	-45.65%	0.29%	-72.68%	-29.69%	0.52%

Correlation

The correlation between QPX and MSOS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Dec 30, 2020	0.29

QPX vs. MSOS - Sectors Allocation Comparison

Sectors	QPX	MSOS
Technology	49.8%	-
Consumer Cyclical	25.6%	17.8%
Communication Services	14.9%	-
Real Estate	6.4%	50.2%
Industrials	1.0%	29.6%
Financial Services	0.9%	-
Healthcare	0.6%	2.5%
Energy	0.3%	-
Basic Materials	0.3%	-
Consumer Defensive	0.2%	-
Utilities	0.1%	-

Return for Risk

QPX vs. MSOS — Risk / Return Rank

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

QPX

QPX Risk / Return Rank: 65
QPX Sharpe Ratio Rank: 71
QPX Sortino Ratio Rank: 67
QPX Omega Ratio Rank: 67
QPX Calmar Ratio Rank: 57
QPX Martin Ratio Rank: 62

MSOS

MSOS Risk / Return Rank: 32
MSOS Sharpe Ratio Rank: 24
MSOS Sortino Ratio Rank: 39
MSOS Omega Ratio Rank: 35
MSOS Calmar Ratio Rank: 38
MSOS Martin Ratio Rank: 26

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.

QPX vs. MSOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Q Dynamic Growth ETF (QPX) and AdvisorShares Pure US Cannabis ETF (MSOS). 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.

	QPX	MSOS	Difference
Sharpe ratio: Return per unit of total volatility	2.33	0.89	+1.44
Sortino ratio: Return per unit of downside risk	3.11	2.04	+1.07
Omega ratio: Gain probability vs. loss probability	1.40	1.24	+0.16
Calmar ratio: Return relative to maximum drawdown	2.82	1.88	+0.93
Martin ratio: Return relative to average drawdown	11.19	3.58	+7.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QPX vs. MSOS - Sharpe Ratio Comparison

The current QPX Sharpe Ratio is 2.33, which is higher than the MSOS Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of QPX and MSOS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QPX	MSOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	0.89	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	-0.45	+1.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	-0.34	+1.01

Drawdowns

QPX vs. MSOS - Drawdown Comparison

The maximum QPX drawdown since its inception was -34.74%, smaller than the maximum MSOS drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for QPX and MSOS.

Drawdown Indicators

	QPX	MSOS	Difference
Max Drawdown Largest peak-to-trough decline	-34.74%	-96.25%	+61.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-52.91%	+41.35%
Max Drawdown (3Y) Largest decline over 3 years	-17.89%	-81.71%	+63.82%
Max Drawdown (5Y) Largest decline over 5 years	-34.74%	-94.99%	+60.25%
Current Drawdown Current decline from peak	-0.66%	-91.37%	+90.71%
Average Drawdown Average peak-to-trough decline	-8.07%	-71.71%	+63.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	27.78%	-24.88%

Volatility

QPX vs. MSOS - Volatility Comparison

The current volatility for AdvisorShares Q Dynamic Growth ETF (QPX) is 4.16%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 20.45%. This indicates that QPX experiences smaller price fluctuations and is considered to be less risky than MSOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QPX	MSOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	20.45%	-16.29%
Volatility (6M) Calculated over the trailing 6-month period	11.01%	80.61%	-69.60%
Volatility (1Y) Calculated over the trailing 1-year period	13.97%	112.00%	-98.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	77.81%	-57.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.99%	74.04%	-54.05%

QPX vs. MSOS - Expense Ratio Comparison

QPX has a 1.46% expense ratio, which is higher than MSOS's 0.74% expense ratio.

Dividends

QPX vs. MSOS - Dividend Comparison

Neither QPX nor MSOS has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MSOS AdvisorShares Pure US Cannabis ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%
QPX AdvisorShares Q Dynamic Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QPX and MSOS in my portfolio?

QPX and MSOS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QPX or MSOS?

MSOS has higher volatility (20.45%) compared to QPX (4.16%). In terms of maximum drawdown, QPX dropped -34.74% vs MSOS's -96.25%.

Which ETF is better, QPX or MSOS?

On 5-year performance, QPX leads with 13.04% vs -35.03% for MSOS. On fees, MSOS is cheaper at 0.74% per year. On volatility, QPX has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QPX or MSOS?

Over the 5-year period, QPX has performed better with a 13.04% return vs -35.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QPX or MSOS?

MSOS is cheaper with a 0.74% expense ratio, compared with 1.46% for QPX.

Which ETF pays a higher dividend yield, QPX or MSOS?

QPX and MSOS have nearly identical dividend yields, around 0.00%.

What is the main difference between QPX and MSOS?

QPX is categorized as Large Cap Growth Equities, while MSOS is Small Cap Blend Equities. Their fees differ too: 1.46% for QPX and 0.74% for MSOS.

Which has better risk-adjusted returns?

QPX currently has the higher Sharpe Ratio (2.33 vs 0.89), 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.