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MSOS vs WEED

AdvisorShares Pure US Cannabis ETF

MSOSDNYSE Arca

Roundhill Cannabis ETF

WEEDBCboe

Overlap

Expense ratio

WEED −0.34pt a year

MSOS0.75%WEED0.41%

Avg volume · 30D

MSOS 371.2×the volume

MSOS4.82MWEED13K

3Y return · a year

WEED +4.3pt

MSOS−11.1%WEED−6.8%

MSOS vs WEED Performance

Oct 31, 2025 – Oct 30, 2026

−12.2%MSOS−1.5%WEED

Oct 31, 2025 to Oct 30, 2026. MSOS −12.2%. WEED −1.5%. Use the arrow keys to read each point.20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
MSOS 0.75%
WEED 0.41%, better
Fund size
MSOS $728M
WEED $7M
1Y total return
MSOS −12.2%
WEED −1.5%, better
Yield (12M)
MSOS 0.00%
WEED No data
Holdings
MSOS 22
WEED 8
Avg volume (30D)
MSOS 4.82M sh, better
WEED 13K sh
NAV per share
MSOS $3.93
WEED $18.78
52W range

ETF.net Grade

MSOS: Cost 43, Risk 33, Mission 43, Tradability 69, Holdings 57, Durability 56. WEED: Cost 85, Risk 33, Mission not scored, Tradability 53, Holdings 30, Durability 45.
Pillar letters and Scores for MSOS, WEED, with each pillar’s weight
PillarMSOSWEED
Cost30% weightC43A85Higher
Mission25% weightC43Not scored
Risk15% weightD33D33
Tradability15% weightB69HigherC53
Holdings10% weightB57HigherD30
Durability5% weightB56HigherC45

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

Cannabis⁠

Category · 5 funds
See all 5 ›

WEED ranks 1st and MSOS 2nd 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

Our read on each fund

ETF.net Research

MSOSDAdvisorShares Pure US Cannabis ETF

WEEDBRoundhill Cannabis ETF

In short

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.

WEED The cannabis fund that launched on 4/20 and undercuts its whole category on fee: 0.41% a year against a cohort median of 0.91%. Exposure to US multi-state operators runs mostly through total return swaps, not direct share ownership.

Stated mandate

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.

WEED The Fund seeks capital growth through investments primarily in exchange-listed equity securities and total return swaps that provide exposure to the cannabis and hemp ecosystem.

Why people hold it

  • 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.
  • WEED Cheapest ticket in the cannabis aisle at 0.41% a year, well under the 0.91% cohort median.roundhillinvestments.com
  • Reaches US plant-touching operators through total return swaps instead of direct shares, pledging cash and cash equivalents as collateral behind them.roundhillinvestments.com
  • Actively managed and pointed at a short list of leading US multi-state operators rather than a sprawl of ancillary picks-and-shovels names.roundhillinvestments.com
  • Listed options trade on it, which is uncommon for a fund this small.roundhillinvestments.com

Worth knowing

  • 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.
  • WEED Small and thinly traded, so spreads and market impact can eat more than the low fee saves.
  • Swaps bring counterparty risk, and a meaningful slice of the portfolio sits in cash-like collateral rather than in stocks.roundhillinvestments.com
  • Concentrated, capital-growth mandate with no income component, in a theme that swings hard on regulatory news.

Full MSOS profile⁠

Full WEED profile⁠

MSOS vs WEED 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.

MSOS vs WEED Cost

Overpaying MSOS vs WEED

$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%

    $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

Expense ratio

  • 0.75%MSOS
  • 0.41%WEED, cheaper
  • Middle half of Cannabis funds
  • Median 0.75%

WEED cheapest of 5 funds

MSOS 2nd cheapest of 5 funds

MSOS vs WEED Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MSOS 0.00%
WEED No data
Payout (12M)
MSOS None
WEED None

Distribution history

Per share, 2021, same scale for both

MSOS1 paymentAll MSOS payments⁠
One bar per payment. 1 payment in 2021. Dec 23, 2021 $0.07. Use the arrow keys to read each point.$0$0.052021
WEEDAll WEED payments⁠

No distribution history available.

MSOS vs WEED Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSOS 84.7%, betterWEED 86.8%
Return per unit of riskSharpe ratio, 3 years
MSOS 0.15WEED 0.21, better
Worst fallMax drawdown, 5 years
MSOS −93.6%WEED −88.1%since Apr 2022
Market sensitivityBeta, 5 years
MSOS 0.86WEED 1.05

MSOS and WEED in the news

All news⁠

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