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Launched

AdvisorShares MSOS Daily Leveraged ETF

MSOXNYSE ArcaAdvisorSharesDThis 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.

$2.05+0.27 (+15.17%)

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

D33/ 100

Rank 79 of 99 in Leveraged Long (2x & Other)

D33/100Rank 79 of 99inLeveraged Long (2x & Other)
Intraday session: up, 79 prints from 1.78 to 2.05. Range 1.85 to 2.12. Use the arrow keys to read each point.1.851.901.952.002.1010 AM12 PM2 PM4 PM
Expense ratio
0.97%*
Fund size
$42M
1Y total return
−71.9%
Yield · Last 12 months
No data
Holdings
7
Avg volume · 30D
1.91M sh
52W range
low $1.62high $11.88
Launched

*After a fee waiver that ends Nov 1, 2027. Without it: 1.20%.

The ETF.net MSOX Grade

Based on 5 of 6 pillars

D

Score 33 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
79 of 99
Six-pillar profile for MSOX. Scores out of 100: Cost 29, Risk 14, Mission 46, Tradability 54, Holdings not scored, Durability 56. Strongest: Durability (56). Weakest: Risk (14). Based on 5 of 6 pillars.

Score 33 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.
    D29 out of 100
    Rank 68 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C46 out of 100
    Rank 11 of 13

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F14 out of 100
    Rank 91 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C54 out of 100
    Rank 48 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 45 of 99

Our read on MSOX

ETF.net Research

In short

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

  • A rare wrapper: it targets roughly twice the daily total return of MSOS, the US Cannabis ETF, before fees and expenses.
  • The 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
  • Live since 2022, so the daily-reset math has been tested through several cannabis headline cycles rather than a single quiet stretch.
  • Actively traded for a fund of its size, which helps when the whole point is getting in and out on short horizons.

Worth knowing

  • Daily 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.
  • At 1.42% a year, it costs more than the typical leveraged bull fund, and that toll is paid daily whichever way cannabis moves.
  • Leverage 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

Asset class
Other
Holdings
7
Top-10 weight
323%
Largest holding
MSOS181.4%

Sectors

  • Financials100.0%

Geography

  • United States96.24%
  • Canada3.76%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1MSOSAdvisorshares Tr Pure Us Cannabis Swap181.42%19,387,651$76.4M2
2No dataDerivatives Collateral Nomura76.71%32,300,000$32.3M2
3No dataDerivatives Collateral Marex30.11%12,677,640$12.7M2
4No dataAdvisorshares Tr Pure Us Cannabis Swap18.79%2,007,632$7.91M1
5No dataDerivatives Collateral Clearstreet12.17%5,125,484$5.13M1
6No dataBlackRock Treasury Trust Instl 623.72%1,566,430$1.57M8
7MSOSAdvisorshares Pure Us Cann<0.01%100$3942

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$2,808
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. MSOX $2,808. SPY $11,199. Use the arrow keys to read each point.$5,000$10,000$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 MSOX. Periods over one year show the average yearly return.
PeriodMSOX
Year to date−60.3%
1 month−24.9%
3 months−21.2%
1 year−71.9%
3 yearsper year−67.5%
5 yearsFund is under 5 years oldper yearNo data
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 MSOX
YearReturn barMSOX
2026 YTD−60.3%
2025−51.2%
2024−87.3%
2023−39.3%
2022−79.3%

History from Aug 24, 2022

MSOX in the news

MSOX Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

MSOX Risk

Risk pillarF14 out of 100Rank 91 of 98 in Leveraged Long (2x & Other)

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.
176.4%
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.
−0.04
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.
−99.7%
50 months · trough Oct 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.

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

MSOX Cost

Compare MSOX and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$14,043

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

  • MSOX 0.97%

    $18,198

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • MSOX 0.97%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MSOX $18,198WX $4,155

Year by year

YearMSOXWXOverpaying
10$1,712$365$1,347
20$6,443$1,421$5,022
30$18,198$4,155$14,043
How the 0.97% is worked out

Full fee 1.20%− waiver 0.23%= you pay 0.97%

The waiver ends Nov 1, 2027. After that the fee is 1.20% unless AdvisorShares renews it. Source: prospectus, Oct 2026.

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