Skip to content
etf.net

MSOX

GradeDNew York Stock Exchange Arca

AdvisorShares MSOS Daily Leveraged ETF

Leveraged · Leveraged & Inverse · AdvisorShares · Inception 2022-08-23

This 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.

$3.48+0.09 (+2.50%)

As of Sep 23, 2026, 2:15 PM EDT

History starts Aug 24, 2022.
Intraday session: up, 58 prints from 3.40 to 3.48. Range 3.31 to 3.50. Use the arrow keys to read each point.$3.30$3.35$3.40$3.4510 AM12 PM2 PM4 PM
Expense ratio
1.42%
Fund size
$66M
1Y return
−49.8%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
2.1M sh
NAV per share
$2.90
52W range
low $1.66high $11.88

The ETF.net MSOX Grade

D

30/ 100

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

Confidence High

Six-pillar profile for MSOX. Scores out of 100: Cost 23, Risk 14, Mission 37, Tradability 54, Holdings not scored, Durability 58. Strongest: Durability (58). Weakest: Risk (14). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 30 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 23
    Category rank76/99 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    DScore 37
    Category rank9/10 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 14
    Category rank91/94 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 54
    Category rank43/99 · top 43%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 58
    Category rank45/99 · top 45%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 20, 2026, 6:06 AM
Asset class
Other
Holdings
6
Top-10 weight
290%
Largest holding
MSOS184.0%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MSOSADVISORSHARES TR PURE US CANNABIS SWAP184.00%24,837,651$122M2
002—DERIVATIVES COLLATERAL NOMURA61.05%40,380,000$40M2
003—DERIVATIVES COLLATERAL MAREX20.45%13,526,730$14M2
004—ADVISORSHARES TR PURE US CANNABIS SWAP14.87%2,007,632$10M1
005—DERIVATIVES COLLATERAL CLEARSTREET7.58%5,015,484$5M2
006—BLACKROCK TREASURY TRUST INSTL 622.15%1,420,325$1M9
007MSOSADVISORSHARES PURE US CANN<0.01%100$4902

Showing 1–7 of 7 holdings

MSOX Performance

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

MSOX$5,022
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MSOX $5,022. SPY $11,723. Use the arrow keys to read each point.$1,534$8,833$16,132Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−24.1%
1 month+12.6%
3 months+16.0%
1 year−49.8%
3 years−69.2%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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−24.1%
2025−51.2%
2024−87.3%
2023−39.3%
2022−79.3%

History from Aug 24, 2022

MSOX in the news

ETF.net Research hasn’t filed on MSOX yet — coverage lands here as it’s written.

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.
179.0%
Annualised · 36 months to Aug 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.
−0.004
vs 3-month T-bills · to Aug 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%
48 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 0.99%

75 of the 93 Leveraged Long (2x & Other) funds charge less.

MSOX costs $142.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $99.00.