SNDL vs. MSOS

Last updated Apr 1, 2026

Compare and contrast key facts about Sundial Growers Inc. (SNDL) and AdvisorShares Pure US Cannabis ETF (MSOS).

MSOS is an actively managed fund by AdvisorShares. It was launched on Sep 1, 2020.

Performance

SNDL vs. MSOS - Performance Comparison

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

SNDL vs. MSOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SNDL Sundial Growers Inc.	-20.48%	-7.26%	9.15%	-21.53%	-63.86%	22.13%	50.32%
MSOS AdvisorShares Pure US Cannabis ETF	-24.79%	23.88%	-45.65%	0.29%	-72.68%	-29.69%	47.95%

Returns By Period

In the year-to-date period, SNDL achieves a -20.48% return, which is significantly higher than MSOS's -24.79% return.

SNDL

• 1D: 2.33%
• 1M: -14.29%
• YTD: -20.48%
• 6M: -50.75%
• 1Y: -6.38%
• 3Y*: -6.21%
• 5Y*: -34.56%
• 10Y*: —

MSOS

• 1D: 12.70%
• 1M: -8.51%
• YTD: -24.79%
• 6M: -25.89%
• 1Y: 36.02%
• 3Y*: -14.55%
• 5Y*: -39.20%
• 10Y*: —

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

Return for Risk

SNDL vs. MSOS — Risk / Return Rank

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

SNDL

SNDL Risk / Return Rank: 38
SNDL Sharpe Ratio Rank: 37
SNDL Sortino Ratio Rank: 39
SNDL Omega Ratio Rank: 39
SNDL Calmar Ratio Rank: 37
SNDL Martin Ratio Rank: 37

MSOS

MSOS Risk / Return Rank: 35
MSOS Sharpe Ratio Rank: 22
MSOS Sortino Ratio Rank: 57
MSOS Omega Ratio Rank: 43
MSOS Calmar Ratio Rank: 29
MSOS 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.

SNDL vs. MSOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sundial Growers Inc. (SNDL) 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.

	SNDL	MSOS	Difference
Sharpe ratio Return per unit of total volatility	-0.10	0.33	-0.42
Sortino ratio Return per unit of downside risk	0.39	1.42	-1.03
Omega ratio Gain probability vs. loss probability	1.05	1.16	-0.12
Calmar ratio Return relative to maximum drawdown	-0.17	0.66	-0.83
Martin ratio Return relative to average drawdown	-0.32	1.32	-1.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNDL vs. MSOS - Sharpe Ratio Comparison

The current SNDL Sharpe Ratio is -0.10, which is lower than the MSOS Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of SNDL and MSOS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SNDL	MSOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	0.33	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.48	-0.52	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	-0.40	0.00

Correlation

The correlation between SNDL and MSOS is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SNDL vs. MSOS - Dividend Comparison

Neither SNDL nor MSOS has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
SNDL Sundial Growers Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MSOS AdvisorShares Pure US Cannabis ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%

Drawdowns

SNDL vs. MSOS - Drawdown Comparison

The maximum SNDL drawdown since its inception was -99.07%, roughly equal to the maximum MSOS drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for SNDL and MSOS.

Drawdown Indicators

	SNDL	MSOS	Difference
Max Drawdown Largest peak-to-trough decline	-99.07%	-96.25%	-2.82%
Max Drawdown (1Y) Largest decline over 1 year	-54.17%	-52.91%	-1.26%
Max Drawdown (5Y) Largest decline over 5 years	-90.62%	-95.26%	+4.64%
Current Drawdown Current decline from peak	-98.98%	-93.53%	-5.45%
Average Drawdown Average peak-to-trough decline	-94.30%	-71.08%	-23.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.23%	26.44%	+1.79%

Volatility

SNDL vs. MSOS - Volatility Comparison

The current volatility for Sundial Growers Inc. (SNDL) is 9.12%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 22.69%. This indicates that SNDL 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

	SNDL	MSOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.12%	22.69%	-13.57%
Volatility (6M) Calculated over the trailing 6-month period	45.37%	79.95%	-34.58%
Volatility (1Y) Calculated over the trailing 1-year period	67.31%	109.99%	-42.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.88%	75.80%	-2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.60%	73.16%	+42.44%