Skip to content
etf.net

CNBS vs MSOS

Amplify Seymour Cannabis ETF

CNBSCNYSE Arca

AdvisorShares Pure US Cannabis ETF

MSOSDNYSE Arca

Overlap

Expense ratio

MSOS −0.01pt a year

CNBS0.76%MSOS0.75%

Avg volume · 30D

MSOS 924.2×the volume

CNBS5.21KMSOS4.82M

5Y return · a year

CNBS +1.5pt

CNBS−30.5%MSOS−32.0%

CNBS vs MSOS Performance

Oct 29, 2021 – Oct 30, 2026

−83.8%CNBS−85.4%MSOS

Oct 29, 2021 to Oct 30, 2026. CNBS −83.8%. MSOS −85.4%. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026
Expense ratio
CNBS 0.76%
MSOS 0.75%, better
Fund size
CNBS $63M
MSOS $728M
1Y total return
CNBS −16.3%
MSOS −12.2%, better
Yield (12M)
CNBS 0.00%
MSOS 0.00%
Holdings
CNBS 36
MSOS 22
Avg volume (30D)
CNBS 5.21K sh
MSOS 4.82M sh, better
NAV per share
CNBS $22.89
MSOS $3.93
52W range

ETF.net Grade

CNBS: Cost 43, Risk 44, Mission not scored, Tradability 50, Holdings 48, Durability 61. MSOS: Cost 43, Risk 33, Mission 43, Tradability 69, Holdings 57, Durability 56.
Pillar letters and Scores for CNBS, MSOS, with each pillar’s weight
PillarCNBSMSOS
Cost30% weightC43C43
Mission25% weightNot scoredC43
Risk15% weightC44HigherD33
Tradability15% weightC50B69Higher
Holdings10% weightC48B57Higher
Durability5% weightB61HigherB56

Rank among Cannabis funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CNBS and MSOS are both graded against the same 5 Cannabis funds, so their Grades compare head to head.

Cannabis⁠

Category · 5 funds
See all 5 ›

MSOS ranks 2nd and CNBS 3rd of 5 funds in the Cannabis Category.

  1. Rank 1BWEEDRoundhill Cannabis ETFScore 58
  2. Rank 2DMSOSAdvisorShares Pure US Cannabis ETFScore 49
  3. Rank 3CCNBSAmplify Seymour Cannabis ETFScore 46
  4. Rank 3CMJAmplify Alternative Harvest ETFScore 46

Our read on each fund

ETF.net Research

CNBSCAmplify Seymour Cannabis ETF

MSOSDAdvisorShares Pure US Cannabis ETF

In short

CNBS Cannabis, undiluted. CNBS runs a roughly 30-stock portfolio built on a purity test: holdings must earn at least half their revenue from the cannabis and hemp ecosystem. Trading since 2019, it's a concentrated take on the theme, not a broad basket.

MSOS Most 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

CNBS The Fund seeks capital appreciation by investing in equity securities of companies engaged in cannabis and hemp-related activities. At least 80% of net assets is invested in companies deriving at least half of their revenue from the cannabis and hemp ecosystem.

MSOS 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

  • CNBS The purity rule is the whole point: at least 80% of assets go to companies earning half or more of their revenue from cannabis and hemp, so conglomerates with a side bet in the plant don't qualify.
  • About 30 names, which means each position actually moves the fund. A concentrated expression of the theme instead of a diluted sector sweep.
  • A plain 1940 Act fund operating since 2019: familiar ETF plumbing and 1099 tax reporting rather than a partnership K-1.
  • MSOS 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

  • CNBS The 1.09% expense ratio sits above the cannabis-fund median, and well above cheaper shelf-mates like WEED at 0.41% and MSOS at 0.81%. You're paying up in this aisle.
  • It trades lighter than the category's most active funds, so bid-ask spreads can be wider and size can push the price around.
  • The mandate is capital appreciation. Income isn't part of the design, and the fund has not been making distributions.
  • MSOS 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.

Full CNBS profile⁠

Full MSOS profile⁠

CNBS vs MSOS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CNBS vs MSOS Cost

Overpaying CNBS vs MSOS

$174

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

  • CNBS 0.76%

    $14,656

  • MSOS 0.75%

    $14,482

$10,000
30 years

Cost over time

  • CNBS 0.76%
  • MSOS 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CNBS $14,656MSOS $14,482

Year by year

YearCNBSMSOSOverpaying
10$1,353$1,336$17
20$5,142$5,078$64
30$14,656$14,482$174

Expense ratio

  • 0.76%CNBS
  • 0.75%MSOS, cheaper
  • Middle half of Cannabis funds
  • Median 0.75%

MSOS 2nd cheapest of 5 funds

CNBS 4th cheapest of 5 funds

CNBS vs MSOS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CNBS 0.00%
MSOS 0.00%
Payout (12M)
CNBS None
MSOS None

Distribution history

Per share, 2019 to 2024, same scale for both

CNBS4 paymentsAll CNBS payments⁠
One bar per payment. 4 payments from 2019 to 2024. Dec 30, 2019 $0.92; Dec 29, 2020 $1.21; Dec 29, 2021 $0.0019; Dec 30, 2024 $10.71. Use the arrow keys to read each point.$0$1020212024
MSOS1 paymentAll MSOS payments⁠
One bar per payment. 1 payment from 2019 to 2024. Dec 23, 2021 $0.07. Use the arrow keys to read each point.$0$1020212024

CNBS vs MSOS Risk

Fall from peak · 5 years

  • CNBS
  • MSOS
Oct 29, 2021 to Oct 30, 2026. Worst fall: MSOS −93.6% · Jun 2025. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
CNBS 74.6%, betterMSOS 84.7%
Return per unit of riskSharpe ratio, 3 years
CNBS 0.12MSOS 0.15, better
Worst fallMax drawdown, 5 years
CNBS −91.2%, betterMSOS −93.6%
Market sensitivityBeta, 5 years
CNBS 0.92MSOS 0.86

CNBS and MSOS in the news

All news⁠

Popular comparisons

  • CNBSCvsWEEDB

    Amplify Seymour Cannabis ETF · Roundhill Cannabis ETF

    Expense ratio
    0.76% · 0.41%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MSOSDvsWEEDB

    AdvisorShares Pure US Cannabis ETF · Roundhill Cannabis ETF

    Expense ratio
    0.75% · 0.41%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CNBSCvsMJC

    Amplify Seymour Cannabis ETF · Amplify Alternative Harvest ETF

    Expense ratio
    0.76% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MSOSDvsMJC

    AdvisorShares Pure US Cannabis ETF · Amplify Alternative Harvest ETF

    Expense ratio
    0.75% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CNBSCvsYOLOC

    Amplify Seymour Cannabis ETF · AdvisorShares Pure Cannabis ETF

    Expense ratio
    0.76% · 1.10%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MSOSDvsYOLOC

    AdvisorShares Pure US Cannabis ETF · AdvisorShares Pure Cannabis ETF

    Expense ratio
    0.75% · 1.10%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.