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Launched · SEC filings

AdvisorShares Pure US Cannabis ETF

MSOSNYSE ArcaAdvisorSharesD

$4.20+0.26 (+6.60%)

At close: Nov 2, 2026, 4:00 PM ET

D49/ 100

Rank 2 of 5 in Cannabis

D49/100Rank 2 of 5inCannabis
Intraday session: up, 79 prints from 3.94 to 4.20. Range 3.99 to 4.33. Use the arrow keys to read each point.4.004.104.3010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$728M
1Y total return
−12.2%
Yield · Last 12 months
0.00%
Holdings
22
Avg volume · 30D
4.82M sh
52W range
low $2.96high $7.25
Launched
Filings
SEC EDGAR

The ETF.net MSOS Grade

D

Score 49 out of 100

Category
Cannabis⁠
Rank
2 of 5
Six-pillar profile for MSOS. Scores out of 100: Cost 43, Risk 33, Mission 43, Tradability 69, Holdings 57, Durability 56. Strongest: Tradability (69). Weakest: Risk (33). Leans toward Tradability.

Score 49 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays D for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C43 out of 100
    Rank 2 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C43 out of 100
    No data

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D33 out of 100
    Rank 4 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B69 out of 100
    Rank 1 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B57 out of 100
    Rank 2 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 3 of 5

Our read on MSOS

ETF.net Research

In short

DMost cannabis ETFs are really Canadian grower funds. MSOS flips that: an actively managed, US-only book of plant-touching operators, using derivatives where owning the shares outright gets awkward.

Stated mandate

The Fund seeks long-term capital appreciation. It is actively managed and normally invests at least 80% of net assets plus investment borrowings in securities of U.S. marijuana and hemp companies meeting the stated revenue test, and in similar derivatives.

Why people hold it

  • Built for American operators: at least 80% of assets go to US marijuana and hemp companies meeting a revenue test, plus derivatives tied to them.advisorshares.comadvisorshares.com 2
  • Among the most heavily traded funds on the cannabis shelf, which usually shows up as easier fills and tighter spreads.
  • Charges 0.81%, below the typical cannabis ETF, which is unusual for a fund with a live manager rather than an index rulebook.
  • Running since 2020 and sitting in the upper half of its cannabis peer group, with a manager free to move as the state-by-state map changes.

Worth knowing

  • A couple dozen holdings in one federally unresolved industry. Single headlines and single stocks move this fund hard in both directions.
  • No regular distributions. The stated goal is long-term capital appreciation, so everything rides on share price.
  • Cheaper cannabis funds exist (WEED undercuts it on fee), and derivative-based exposure carries counterparty considerations a plain stock portfolio does not.

MSOS Performance

Launched Sep 1, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
MSOS$8,775
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MSOS $8,775. SPY $11,199. Use the arrow keys to read each point.$7,500$10,000$12,500$15,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MSOS. Periods over one year show the average yearly return.
PeriodMSOS
Year to date−16.5%
1 month−12.8%
3 months−6.9%
1 year−12.2%
3 yearsper year−11.1%
5 yearsper year−32.0%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MSOS
YearReturn barMSOS
2026 YTD−16.5%
2025+23.9%
2024−45.6%
2023+0.3%
2022−72.7%
2021−29.7%
2020+48.0%

History from Sep 2, 2020

MSOS in the news

MSOS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2021

One bar per payment. 1 payment in 2021. Dec 23, 2021 $0.07. Use the arrow keys to read each point.2021
Ex-datePay dateAmount per share
Dec 23, 2021Dec 31, 2021$0.07

$10,000 in MSOS 5 years ago paid $24.86 in dividends.

MSOS Risk

Risk pillarD33 out of 100Rank 4 of 5 in Cannabis
How much the fund’s monthly returns vary, scaled to a year.
84.7%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.15
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−93.6%
Trough Jun 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.86
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MSOS Cost

Compare MSOS and WEED

Overpaying vs WEED, cheapest in Cannabis

$6,201

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MSOS 0.75%

    $14,482

  • WEED 0.41% Cheapest

    $8,281

$10,000
30 years

Cost over time

  • MSOS 0.75%
  • WEED 0.41%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530MSOS $14,482WEED $8,281

Year by year

YearMSOSWEEDOverpaying
10$1,336$741$595
20$5,078$2,860$2,218
30$14,482$8,281$6,201

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