TCNNF vs. MSOS

Last updated Apr 1, 2026

Compare and contrast key facts about Trulieve Cannabis Corp (TCNNF) and AdvisorShares Pure US Cannabis ETF (MSOS).

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

Performance

TCNNF vs. MSOS - Performance Comparison

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

TCNNF vs. MSOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TCNNF Trulieve Cannabis Corp	-35.56%	67.65%	-0.51%	-31.18%	-70.90%	-17.74%	49.22%
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, TCNNF achieves a -35.56% return, which is significantly lower than MSOS's -24.79% return.

TCNNF

• 1D: 10.45%
• 1M: -12.36%
• YTD: -35.56%
• 6M: -30.52%
• 1Y: 45.08%
• 3Y*: 0.06%
• 5Y*: -34.15%
• 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

TCNNF vs. MSOS — Risk / Return Rank

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

TCNNF

TCNNF Risk / Return Rank: 62
TCNNF Sharpe Ratio Rank: 55
TCNNF Sortino Ratio Rank: 71
TCNNF Omega Ratio Rank: 64
TCNNF Calmar Ratio Rank: 60
TCNNF Martin Ratio Rank: 58

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.

TCNNF vs. MSOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trulieve Cannabis Corp (TCNNF) 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.

	TCNNF	MSOS	Difference
Sharpe ratio Return per unit of total volatility	0.39	0.33	+0.06
Sortino ratio Return per unit of downside risk	1.65	1.42	+0.24
Omega ratio Gain probability vs. loss probability	1.19	1.16	+0.02
Calmar ratio Return relative to maximum drawdown	0.82	0.66	+0.16
Martin ratio Return relative to average drawdown	1.74	1.32	+0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCNNF vs. MSOS - Sharpe Ratio Comparison

The current TCNNF Sharpe Ratio is 0.39, which is comparable to the MSOS Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of TCNNF 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

	TCNNF	MSOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	0.33	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.40	-0.52	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	-0.40	+0.30

Correlation

The correlation between TCNNF and MSOS is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TCNNF vs. MSOS - Dividend Comparison

Neither TCNNF nor MSOS has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
TCNNF Trulieve Cannabis Corp	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

TCNNF vs. MSOS - Drawdown Comparison

The maximum TCNNF drawdown since its inception was -93.88%, roughly equal to the maximum MSOS drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for TCNNF and MSOS.

Drawdown Indicators

	TCNNF	MSOS	Difference
Max Drawdown Largest peak-to-trough decline	-93.88%	-96.25%	+2.37%
Max Drawdown (1Y) Largest decline over 1 year	-54.42%	-52.91%	-1.51%
Max Drawdown (5Y) Largest decline over 5 years	-92.86%	-95.26%	+2.40%
Current Drawdown Current decline from peak	-89.39%	-93.53%	+4.14%
Average Drawdown Average peak-to-trough decline	-60.62%	-71.08%	+10.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.66%	26.44%	-0.78%

Volatility

TCNNF vs. MSOS - Volatility Comparison

The current volatility for Trulieve Cannabis Corp (TCNNF) is 21.16%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 22.69%. This indicates that TCNNF 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

	TCNNF	MSOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.16%	22.69%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	83.01%	79.95%	+3.06%
Volatility (1Y) Calculated over the trailing 1-year period	117.47%	109.99%	+7.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.12%	75.80%	+10.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.29%	73.16%	+8.13%