SMMT vs. MSOS
SMMT (Summit Therapeutics Inc.) is a stock, while MSOS (AdvisorShares Pure US Cannabis ETF) is Small Cap Blend Equities fund actively managed by AdvisorShares. Over the past 5 years, SMMT returned 17.16%/yr vs -34.53%/yr for MSOS. At a 0.14 correlation, their price movements are largely independent.
Performance
SMMT vs. MSOS - Performance Comparison
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Returns By Period
In the year-to-date period, SMMT achieves a -18.35% return, which is significantly lower than MSOS's -0.85% return.
SMMT
- 1D
- 3.85%
- 1M
- -14.08%
- YTD
- -18.35%
- 6M
- -21.32%
- 1Y
- -30.54%
- 3Y*
- 75.32%
- 5Y*
- 17.16%
- 10Y*
- 5.97%
MSOS
- 1D
- -6.21%
- 1M
- 5.64%
- YTD
- -0.85%
- 6M
- 3.08%
- 1Y
- 120.75%
- 3Y*
- -5.30%
- 5Y*
- -34.53%
- 10Y*
- —
SMMT vs. MSOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMMT Summit Therapeutics Inc. | -18.35% | -1.99% | 583.72% | -38.59% | 57.99% | -42.77% | 36.23% |
MSOS AdvisorShares Pure US Cannabis ETF | -0.85% | 23.88% | -45.65% | 0.29% | -72.68% | -29.69% | 44.84% |
Correlation
The correlation between SMMT and MSOS is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2020 | 0.14 |
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Return for Risk
SMMT vs. MSOS — Risk / Return Rank
SMMT
MSOS
SMMT vs. MSOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Summit Therapeutics Inc. (SMMT) 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.
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.
| SMMT | MSOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.26 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 2.30 | -2.85 |
| Martin ratioReturn relative to average drawdown | -0.86 | 4.30 | -5.16 |
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Drawdowns
SMMT vs. MSOS - Drawdown Comparison
The maximum SMMT drawdown since its inception was -95.75%, roughly equal to the maximum MSOS drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for SMMT and MSOS.
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Drawdown Indicators
| SMMT | MSOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.75% | -96.25% | +0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -55.49% | -52.91% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -64.44% | -81.71% | +17.27% |
Max Drawdown (5Y)Largest decline over 5 years | -91.78% | -94.95% | +3.17% |
Max Drawdown (10Y)Largest decline over 10 years | -95.75% | — | — |
Current DrawdownCurrent decline from peak | -61.09% | -91.47% | +30.38% |
Average DrawdownAverage peak-to-trough decline | -57.63% | -71.85% | +14.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.70% | 28.19% | +7.51% |
Volatility
SMMT vs. MSOS - Volatility Comparison
The current volatility for Summit Therapeutics Inc. (SMMT) is 19.19%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 21.75%. This indicates that SMMT 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.
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Volatility by Period
| SMMT | MSOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.19% | 21.75% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 56.82% | 65.49% | -8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.80% | 113.00% | -37.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 185.23% | 78.15% | +107.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.54% | 74.01% | +70.53% |
Dividends
SMMT vs. MSOS - Dividend Comparison
Neither SMMT 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% |
SMMT Summit Therapeutics Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMMT and MSOS have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSOS has higher volatility (21.75%) compared to SMMT (19.19%). In terms of maximum drawdown, SMMT dropped -95.75% vs MSOS's -96.25%.
MSOS currently has the higher Sharpe Ratio (1.08 vs -0.41), 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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