VEGA vs. MSOX
VEGA (AdvisorShares STAR Global Buy-Write ETF) and MSOX (Advisorshares Msos 2x Daily ETF) are both exchange-traded funds - VEGA is a Global Equities fund actively managed by AdvisorShares, while MSOX is a Leveraged Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 3 years, VEGA returned 13.55%/yr vs -65.50%/yr for MSOX. Their 0.25 correlation means their historical movements had little consistent relationship. VEGA charges 2.02%/yr vs 0.95%/yr for MSOX.
Performance
VEGA vs. MSOX - Performance Comparison
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Returns By Period
In the year-to-date period, VEGA achieves a 8.26% return, which is significantly higher than MSOX's -46.65% return.
VEGA
- 1D
- 1.23%
- 1M
- 1.59%
- 6M
- 5.92%
- YTD
- 8.26%
- 1Y
- 15.47%
- 3Y*
- 13.55%
- 5Y*
- 7.00%
- 10Y*
- 7.65%
- ALL TIME*
- 6.24%
MSOX
- 1D
- 6.22%
- 1M
- -23.40%
- 6M
- -28.23%
- YTD
- -46.65%
- 1Y
- -50.41%
- 3Y*
- -65.50%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -74.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36M | $4.24M | $7.20M | |
| $257.33K | $224.28K | $298.61K |
VEGA vs. MSOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 8.26% | 15.83% | 11.20% | 15.12% | -3.30% |
MSOX Advisorshares Msos 2x Daily ETF | -46.65% | -51.20% | -87.32% | -39.26% | -76.29% |
Correlation
The correlation between VEGA and MSOX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022 | 0.25 |
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Return for Risk
VEGA vs. MSOX — Risk / Return Rank
VEGA
MSOX
VEGA vs. MSOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) and Advisorshares Msos 2x Daily ETF (MSOX). 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.
| VEGA | MSOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.13 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | -0.60 | +2.86 |
| Martin ratioReturn relative to average drawdown | 9.44 | -0.80 | +10.25 |
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Drawdowns
VEGA vs. MSOX - Drawdown Comparison
The maximum VEGA drawdown since its inception was -28.37%, smaller than the maximum MSOX drawdown of -99.75%. Use the drawdown chart below to compare losses from any high point for VEGA and MSOX.
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Drawdown Indicators
| VEGA | MSOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.37% | -99.75% | +71.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -84.89% | +78.03% |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | -98.83% | +87.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.37% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -99.65% | +99.65% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -89.21% | +85.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 62.74% | -61.10% |
Volatility
VEGA vs. MSOX - Volatility Comparison
The current volatility for AdvisorShares STAR Global Buy-Write ETF (VEGA) is 3.18%, while Advisorshares Msos 2x Daily ETF (MSOX) has a volatility of 21.27%. This indicates that VEGA experiences smaller price fluctuations and is considered to be less risky than MSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEGA | MSOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 21.27% | -18.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 110.47% | -102.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.94% | 217.06% | -207.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 166.37% | -154.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 166.37% | -153.63% |
VEGA vs. MSOX - Expense Ratio Comparison
VEGA has a 2.02% expense ratio, which is higher than MSOX's 0.95% expense ratio.
Dividends
VEGA vs. MSOX - Dividend Comparison
VEGA's dividend yield for the trailing twelve months is around 1.24%, while MSOX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MSOX Advisorshares Msos 2x Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.24% | 1.34% | 1.05% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% |
Frequently Asked Questions
VEGA and MSOX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSOX has higher volatility (21.27%) compared to VEGA (3.18%). In terms of maximum drawdown, VEGA dropped -28.37% vs MSOX's -99.75%.
On 3-year performance, VEGA leads with 13.55% vs -65.50% for MSOX. On fees, MSOX is cheaper at 0.95% per year. On volatility, VEGA has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VEGA has performed better with a 13.55% return vs -65.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MSOX is cheaper with a 0.95% expense ratio, compared with 2.02% for VEGA.
VEGA has the higher dividend yield at 1.24%, compared with 0.00% for MSOX.
VEGA is categorized as Global Equities, while MSOX is Leveraged Equities. Their fees differ too: 2.02% for VEGA and 0.95% for MSOX.
VEGA currently has the higher Sharpe Ratio (1.57 vs -0.23), 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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