TOKE vs. MSOS
Compare and contrast key facts about Cambria Cannabis ETF (TOKE) and AdvisorShares Pure US Cannabis ETF (MSOS).
TOKE and MSOS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOKE is an actively managed fund by Cambria. It was launched on Jul 25, 2019. MSOS is an actively managed fund by AdvisorShares. It was launched on Sep 1, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOKE or MSOS.
Key characteristics
| TOKE | MSOS | |
|---|---|---|
| YTD Return | 10.05% | 36.52% |
| 1Y Return | 8.51% | 69.98% |
| 3Y Return (Ann) | -28.32% | -39.28% |
| Sharpe Ratio | 0.24 | 0.91 |
| Daily Std Dev | 26.65% | 77.08% |
| Max Drawdown | -79.46% | -91.24% |
| Current Drawdown | -73.98% | -82.62% |
Correlation
The correlation between TOKE and MSOS is 0.59, 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.
Performance
TOKE vs. MSOS - Performance Comparison
In the year-to-date period, TOKE achieves a 10.05% return, which is significantly lower than MSOS's 36.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TOKE vs. MSOS - Expense Ratio Comparison
TOKE has a 0.42% expense ratio, which is lower than MSOS's 0.74% expense ratio.
Risk-Adjusted Performance
TOKE vs. MSOS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Cannabis ETF (TOKE) 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.
Dividends
TOKE vs. MSOS - Dividend Comparison
TOKE's dividend yield for the trailing twelve months is around 3.63%, while MSOS has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
TOKE Cambria Cannabis ETF | 3.63% | 4.20% | 2.11% | 3.54% | 4.33% | 2.21% |
MSOS AdvisorShares Pure US Cannabis ETF | 0.00% | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% |
Drawdowns
TOKE vs. MSOS - Drawdown Comparison
The maximum TOKE drawdown since its inception was -79.46%, smaller than the maximum MSOS drawdown of -91.24%. Use the drawdown chart below to compare losses from any high point for TOKE and MSOS. For additional features, visit the drawdowns tool.
Volatility
TOKE vs. MSOS - Volatility Comparison
The current volatility for Cambria Cannabis ETF (TOKE) is 17.25%, while AdvisorShares Pure US Cannabis ETF (MSOS) has a volatility of 34.25%. This indicates that TOKE 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.