WEED vs. MSOX

Last updated Jul 12, 2026

WEED (Roundhill Cannabis ETF) and MSOX (Advisorshares Msos 2x Daily ETF) are both exchange-traded funds - WEED is a Cannabis fund actively managed by Roundhill, while MSOX is a Leveraged Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 3 years, WEED returned -8.87%/yr vs -68.25%/yr for MSOX. With a 0.96 correlation, they move nearly in lockstep. WEED charges 0.40%/yr vs 0.95%/yr for MSOX.

Performance

WEED vs. MSOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Cannabis ETF (WEED) and Advisorshares Msos 2x Daily ETF (MSOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEED achieves a -1.32% return, which is significantly higher than MSOX's -42.41% return.

WEED

• 1D: -0.05%
• 1M: -9.92%
• 6M: -2.87%
• YTD: -1.32%
• 1Y: 55.44%
• 3Y*: -8.87%
• 5Y*: —
• 10Y*: —

MSOX

• 1D: 0.00%
• 1M: -24.56%
• 6M: -41.76%
• YTD: -42.41%
• 1Y: -35.50%
• 3Y*: -68.25%
• 5Y*: —
• 10Y*: —

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

WEED vs. MSOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WEED Roundhill Cannabis ETF	-1.32%	19.40%	-44.93%	0.87%	-37.73%
MSOX Advisorshares Msos 2x Daily ETF	-42.41%	-51.20%	-87.32%	-39.26%	-76.29%

Correlation

The correlation between WEED and MSOX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022	0.96

The correlation between WEED and MSOX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

WEED vs. MSOX - Sectors Allocation Comparison

Sectors	WEED	MSOX
Healthcare	60.0%	-
Consumer Defensive	17.3%	-
Real Estate	16.3%	-
Technology	6.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Energy	-	-
Financial Services	-	182.4%
Industrials	-	-
Utilities	-	-

Return for Risk

WEED vs. MSOX — Risk / Return Rank

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

WEED

WEED Risk / Return Rank: 27
WEED Sharpe Ratio Rank: 18
WEED Sortino Ratio Rank: 38
WEED Omega Ratio Rank: 34
WEED Calmar Ratio Rank: 25
WEED Martin Ratio Rank: 20

MSOX

MSOX Risk / Return Rank: 16
MSOX Sharpe Ratio Rank: 8
MSOX Sortino Ratio Rank: 31
MSOX Omega Ratio Rank: 27
MSOX Calmar Ratio Rank: 6
MSOX Martin Ratio Rank: 6

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.

WEED vs. MSOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Cannabis ETF (WEED) 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.

	WEED	MSOX	Difference
Sharpe ratio: Return per unit of total volatility	0.48	-0.17	+0.64
Sortino ratio: Return per unit of downside risk	1.63	1.40	+0.23
Omega ratio: Gain probability vs. loss probability	1.19	1.16	+0.03
Calmar ratio: Return relative to maximum drawdown	1.00	-0.43	+1.43
Martin ratio: Return relative to average drawdown	1.79	-0.61	+2.41

WEED vs. MSOX - Sharpe Ratio Comparison

The current WEED Sharpe Ratio is 0.48, which is higher than the MSOX Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of WEED and MSOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEED vs. MSOX - Drawdown Comparison

The maximum WEED drawdown since its inception was -88.37%, smaller than the maximum MSOX drawdown of -99.75%. Use the drawdown chart below to compare losses from any high point for WEED and MSOX.

Drawdown Indicators

	WEED	MSOX	Difference
Max Drawdown Largest peak-to-trough decline	-88.37%	-99.75%	+11.38%
Max Drawdown (1Y) Largest decline over 1 year	-54.01%	-84.89%	+30.88%
Max Drawdown (3Y) Largest decline over 3 years	-81.50%	-98.83%	+17.33%
Current Drawdown Current decline from peak	-74.60%	-99.62%	+25.02%
Average Drawdown Average peak-to-trough decline	-63.79%	-89.03%	+25.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.97%	59.44%	-29.47%

Volatility

WEED vs. MSOX - Volatility Comparison

The current volatility for Roundhill Cannabis ETF (WEED) is 16.49%, while Advisorshares Msos 2x Daily ETF (MSOX) has a volatility of 31.85%. This indicates that WEED 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.

Volatility by Period

	WEED	MSOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.49%	31.85%	-15.36%
Volatility (6M) Calculated over the trailing 6-month period	56.78%	112.24%	-55.46%
Volatility (1Y) Calculated over the trailing 1-year period	113.44%	220.34%	-106.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.25%	167.51%	-85.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.25%	167.51%	-85.26%

WEED vs. MSOX - Expense Ratio Comparison

WEED has a 0.40% expense ratio, which is lower than MSOX's 0.95% expense ratio.

Dividends

WEED vs. MSOX - Dividend Comparison

Neither WEED nor MSOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WEED and MSOX in my portfolio?

With a correlation of 0.98, WEED and MSOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WEED or MSOX?

MSOX has higher volatility (31.85%) compared to WEED (16.49%). In terms of maximum drawdown, WEED dropped -88.37% vs MSOX's -99.75%.

Which ETF is better, WEED or MSOX?

On 3-year performance, WEED leads with -8.87% vs -68.25% for MSOX. On fees, WEED is cheaper at 0.40% per year. On volatility, WEED has been the lower-risk option at 16.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEED or MSOX?

Over the 3-year period, WEED has performed better with a -8.87% return vs -68.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEED or MSOX?

WEED is cheaper with a 0.40% expense ratio, compared with 0.95% for MSOX.

Which ETF pays a higher dividend yield, WEED or MSOX?

WEED and MSOX have nearly identical dividend yields, around 0.00%.

What is the main difference between WEED and MSOX?

WEED is categorized as Cannabis, while MSOX is Leveraged Equities. They also come from different issuers: Roundhill and AdvisorShares. Their fees differ too: 0.40% for WEED and 0.95% for MSOX.

Which has better risk-adjusted returns?

WEED currently has the higher Sharpe Ratio (0.48 vs -0.17), 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.