AdvisorShares Pure US Cannabis ETF (MSOS) Performance
MSOS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −17.2% since Dec 31, 2025
- 1 year
- −16.6% total return
- 5 years
- −32.7% a year
- Since first price
- −25.9% a year since 2020
MSOS trailing returns vs SPY, QQQ, AGG
| Period | MSOS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −28.0% | −28.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −8.4% | −8.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −7.3% | −7.3% | +7.8% | +8.4% | −1.5% |
| YTD | −17.2% | −17.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −16.6% | −16.6% | +14.4% | +15.9% | −1.1% |
| 3 years | −39.8%−15.5%/yr | −39.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −86.2%−32.7%/yr | −86.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionSep 2, 2020 | −84.2%−25.9%/yr | −84.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MSOS vs SPY
From Sep 2, 2020: MSOS grew to $1,585, SPY to $23,128.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MSOS returns by calendar year
2 of 5 full years positive. Best 2025 (+23.9%), worst 2022 (−72.7%). 2026 is year to date.
MSOS annual returns table
| Year | MSOS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −17.2% | −37.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +23.9% | −49.5% | +17.7% | +20.8% | +7.2% |
| 2024 | −45.6% | −68.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +0.3% | −44.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −72.7% | −74.8% | −18.2% | −32.6% | −13.0% |
| 2021 | −29.9% | −57.7% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MSOS largest drawdowns
Now 92.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 10, 2021 | −96.3% | Jun 23, 2025 | not yet | 4.4 years | 5.7 years so far |
| Sep 2, 2020 | −15.4% | Sep 24, 2020 | Oct 9, 2020 | 22 days | 37 days |
| Jan 14, 2021 | −10.9% | Jan 27, 2021 | Feb 3, 2021 | 13 days | 20 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MSOS risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | −17.1% | −32.2% | −23.1% |
| Volatility (annualized) | 86.2% | 75.8% | 71.9% |
| Sharpe ratio | 0.08 | -0.22 | -0.08 |
| Sortino ratio | 0.16 | -0.35 | -0.14 |
| Best month | +96.8% | +96.8% | +96.8% |
| Worst month | −31.4% | −41.5% | −41.5% |
| Best 12 months | +110.8% | +110.8% | +110.8% |
| Worst 12 months | −73.9% | −73.9% | −74.1% |
| Positive months | 39% | 38% | 40% |
| Beta vs S&P 500 | 1.08 | 1.40 | — |
| Correlation with S&P 500 | 0.16 | 0.29 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MSOS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 62 | −74.1% | −33.4% | +110.8% | 31% |
| 3-year (a year) | 38 | −50.0% | −37.9% | −2.6% | 0% |
| 5-year (a year) | 14 | −39.5% | −34.2% | −26.2% | 0% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
MSOS performance overview
AdvisorShares Pure US Cannabis ETF (MSOS) returned −16.6% over the past year and −32.7% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned −25.9% a year, turning $10,000 into about $1,585. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −96.3%, from Feb 10, 2021 to Jun 23, 2025; the fund has not yet regained that high. MSOS finished 2 of its 5 full calendar years with a gain; the best year was 2025 (+23.9%) and the worst 2022 (−72.7%). Volatility has been 71.9% a year.
Related: MSOS chart. See the MSOS overview for the latest quote and fund facts.
MSOS performance FAQ
What is the MSOS return over the past year?
MSOS returned −16.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 16.6%.
What is the average annual return of MSOS?
MSOS has returned −32.7% a year over 5 years, −25.9% a year since September 2, 2020 (total return, distributions reinvested).
How much would $10,000 invested in MSOS be worth?
$10,000 invested in MSOS at its first recorded close on September 2, 2020 would be worth about $1,585 on October 23, 2026 with distributions reinvested.
What was the worst year for MSOS?
The worst calendar year was 2022, with a total return of −72.7%. The best was 2025 at +23.9%.
What is the biggest drawdown of MSOS?
The largest peak-to-trough decline was −96.3% between February 10, 2021 and June 23, 2025. It has not yet recovered to that high; it is 92.9% below its peak.
How volatile is MSOS?
Over the past 3 years MSOS had an annualized volatility of 86.2% and a Sharpe ratio of 0.08 (excess return over 1–3 month T-bills per unit of risk).