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Launched

AdvisorShares MSOS Daily Leveraged ETF

MSOXNYSE ArcaDThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$1.97−0.10 (−4.83%)

At close: Oct 13, 2026, 4:00 PM

D30/ 100

Rank 83 of 99 in Leveraged Long (2x & Other)

D30/100Rank 83 of 99inLeveraged Long (2x & Other)
Intraday session: down, 79 prints from 2.07 to 1.97. Range 1.96 to 2.09. Use the arrow keys to read each point.2.002.022.0510 AM12 PM2 PM4 PM
Expense ratio
1.42%
Fund size
$47M
1Y total return
−73.7%
Yield · Last 12 months
—
Holdings
7
Avg volume · 30D
2.1M sh
NAV per share
$2.05
52W range
low $1.66high $11.88
Launched

The ETF.net MSOX Grade

Based on 5 of 6 pillars

D

Score 30 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
83 of 99
Six-pillar profile for MSOX. Scores out of 100: Cost 23, Risk 11, Mission 46, Tradability 55, Holdings not scored, Durability 56. Strongest: Durability (56). Weakest: Risk (11). Based on 5 of 6 pillars.

Score 30 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F23 out of 100
    Rank 76 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C46 out of 100
    Rank 9 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F11 out of 100
    Rank 92 of 96

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 44 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • 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 49 of 99

Our read on MSOX

ETF.net Research

DTwo times the daily move of AdvisorShares' US cannabis fund, built with swaps. It is the leveraged expression of one of the market's most volatile sector trades, reset every single day.

Stated mandate

The Fund seeks approximately twice the daily total return of the US Cannabis ETF before fees and expenses, using swap agreements and other leveraged techniques to pursue that daily objective.

Why people hold it

  1. 01A rare wrapper: it targets roughly twice the daily total return of MSOS, the US Cannabis ETF, before fees and expenses.
  2. 02The machinery is stated plainly in the prospectus: swap agreements and other leveraged techniques pointed at one daily objective. No stock picking, no discretion.advisorshares.com
  3. 03Live since 2022, so the daily-reset math has been tested through several cannabis headline cycles rather than a single quiet stretch.
  4. 04Actively traded for a fund of its size, which helps when the whole point is getting in and out on short horizons.

Worth knowing

  1. 01Daily reset. Hold past one session and returns compound off each close, so a choppy stretch can land far from 2x the period move in either direction.
  2. 02At 1.42% a year, it costs more than the typical leveraged bull fund, and that toll is paid daily whichever way cannabis moves.
  3. 03Leverage stacked on one already-jumpy sector, in a small fund with no income stream. The entire case rests on price, and swings run deep both ways.

MSOX Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
7
Top-10 weight
311%
Largest holding
MSOS183.8%

Sectors

  • Financials100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MSOSAdvisorshares Tr Pure Us Cannabis Swap183.78%20,387,651$86M2
002—Derivatives Collateral Nomura69.88%32,560,000$33M2
003—Derivatives Collateral Marex27.56%12,842,280$13M2
004—Advisorshares Tr Pure Us Cannabis Swap18.10%2,007,632$8M1
005—Derivatives Collateral Clearstreet9.86%4,595,484$5M1
006—BlackRock Treasury Trust Instl 621.84%856,681$857K8
007MSOSAdvisorshares Pure Us Cann<0.01%100$4202

Showing 1–7 of 7 holdings

MSOX Performance

Launched Aug 23, 2022

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.Not enough history yet.
MSOX$2,634
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. MSOX $2,634. SPY $12,044. Use the arrow keys to read each point.$1,661$7,328$12,995Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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 MSOX. Periods over one year show the average yearly return.
PeriodMSOX
Year to date−53.8%
1 month−26.1%
3 months−19.8%
1 year−73.7%
3 yearsper year−71.1%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 MSOX
YearReturn barMSOX
2026 YTD−53.8%
2025−51.2%
2024−87.3%
2023−39.3%
2022−79.3%

History from Aug 24, 2022

MSOX in the news

Filtered to MSOX · Leveraged Long (2x & Other)

MSOX Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

MSOX Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
178.6%
Annualised · 36 months to Sep 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.
−0.09
vs 3-month T-bills · to Sep 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.
−99.7%
49 months · trough Mar 2026
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.
1.15
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.

MSOX Cost

Expense ratio1.42%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 1.00%

76 of the 95 Leveraged Long (2x & Other) funds charge less.

MSOX costs $142.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $100.00.

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