MSOS vs YOLO: Grades, Fees and Holdings Compared

AdvisorShares Pure US Cannabis ETF

MSOSDNYSE Arca

AdvisorShares Pure Cannabis ETF

YOLOCNYSE Arca

Overlap

34.7%by weight

Expense ratio

MSOS −0.35pt a year

MSOS0.75%YOLO1.10%

Avg volume · 30D

MSOS 165.5×the volume

MSOS4.82MYOLO29.1K

5Y return · a year

YOLO +3.1pt

MSOS−32.0%YOLO−28.9%

MSOS vs YOLO Performance

Oct 29, 2021 – Oct 30, 2026

−85.4%MSOS−81.8%YOLO

Expense ratio: MSOS 0.75%, better; YOLO 1.10%
Fund size: MSOS $728M; YOLO $29M
1Y total return: MSOS −12.2%, better; YOLO −20.3%
Yield (12M): MSOS 0.00%; YOLO 0.00%
Holdings: MSOS 22; YOLO 19
Avg volume (30D): MSOS 4.82M sh, better; YOLO 29.1K sh
NAV per share: MSOS $3.93; YOLO $2.56
52W range

ETF.net Grade

Pillar letters and Scores for MSOS, YOLO, with each pillar’s weight
Pillar	MSOS	YOLO
Cost30% weight	C43Higher	F11
Mission25% weight	C43	Not scored
Risk15% weight	D33	B58Higher
Tradability15% weight	B69Higher	F14
Holdings10% weight	B57	A72Higher
Durability5% weight	B56Higher	C42

Rank among Cannabis funds

How we build Categories ›

Same Category. MSOS and YOLO 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 YOLO 5th of 5 funds in the Cannabis Category.

Rank 1BWEEDRoundhill Cannabis ETFScore 58
Rank 2DMSOSAdvisorShares Pure US Cannabis ETFScore 49
Rank 3CCNBSAmplify Seymour Cannabis ETFScore 46
Rank 3CMJAmplify Alternative Harvest ETFScore 46
Rank 5CYOLOAdvisorShares Pure Cannabis ETFScore 31

Our read on each fund

ETF.net Research

MSOSDAdvisorShares Pure US Cannabis ETF

YOLOCAdvisorShares Pure 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.

YOLO Cannabis's original active fund. Since 2019 a manager, not an index, has picked a short list of names on both sides of the US-Canada border, under a purity test: at least half of a company's revenue must come from marijuana or hemp.

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.

YOLO The Fund seeks long-term capital appreciation.

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.com advisorshares.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.

YOLO First US-listed active ETF with a dedicated cannabis mandate, trading since 2019. A manager picks the names instead of a rules-based index.prnewswire.com
The "pure" is contractual: 80% of assets must sit in companies earning at least half their net revenue from marijuana and hemp. No tobacco or fertilizer ride-alongs.advisorshares.com
Covers both sides of the border: exchange-listed cannabis equities plus US plant-touching exposure reached through an affiliated ETF and total return swaps.advisorshares.com
The 0.91% fee lands mid-pack for cannabis ETFs, under MJ (1.12%) and CNBS (1.09%).

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.

YOLO Cheaper ways into the theme exist: WEED charges 0.41%, and sibling MSOS charges 0.81% for a US-only book.
Thinly traded, so bid-ask spreads can run wide and larger orders can move the price.
Concentrated by design: a couple dozen mid- and small-cap positions, non-diversified, with swap holdings adding counterparty exposure.advisorshares.com

Full MSOS profile⁠

Full YOLO profile⁠

MSOS vs YOLO Holdings

How MSOS and YOLO differ

Overlap by weight

34.7%

Shared holdings make up 45.7% of YOLO and 42.5% of MSOS.

Level by level

Holdings7 in both34.7%
Sector6 Sectors60.8%
Countryby domicile70.9%
Asset classEquity100%

Sector

Sector weights in MSOS and YOLO, widest gap first
Sector	More in MSOSMore in YOLO	MSOS	YOLO
Health Care	MSOS +36.5 points	95.2%	58.7%
Financials	YOLO +24.3 points	0.0%	24.3%
Consumer Staples	YOLO +13.7 points	0.4%	14.1%
Industrials	MSOS +2.2 points	2.2%	0.0%
Consumer Discretionary	YOLO +1.3 points	0.0%	1.3%
Materials	MSOS +0.5 points	2.1%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in MSOS and YOLO, widest gap first
Country	More in MSOSMore in YOLO	MSOS	YOLO
United States	MSOS +29.1 points	91.5%	62.5%
Canada	YOLO +29.0 points	8.4%	37.5%

Concentration

Weight in the 10 largest Holdings

MSOS95.2%
YOLO91.2%

Securities held

MSOS18
YOLO19

Asset class

MSOS: Equity
YOLO: Equity

Holdings

Only in MSOS11
In both7
Only in YOLO12

Only in MSOS

11 securities, 18.9% of MSOS by weight

Green Thumb Industries Swap10.27%
Verano Holdings Corp Swap3.62%
Cresco Labs Inc-Subordin2.32%
Jush Holdings Inc Swap1.31%
Vireo Growth Inc Com Swap0.76%
Ascend Wellness Holdings Swap Rec0.25%
Planet 13 Holdings Inc0.13%
Grown Rogue International Swap0.11%
Vapen Mj Ventures Corp Swap0.08%
Marimed Inc Swap0.03%
Leef Brands Inc Com New0.01%

Only in YOLO

12 securities, 54.5% of YOLO by weight

Advisorshares Pure Us Cann21.71%
High Tide Inc7.61%
Aurora Cannabis Inc6.08%
Cronos Group Inc5.65%
Sndl Inc3.33%
Organigram Global Inc2.95%
Charlottes Web Holdings Inc2.62%
Rubicon Organics Inc1.46%
Cannara Biotech Inc1.29%
Tilray Brands Inc0.94%
Canopy Growth Corp0.85%
Pharmacielo Ltd0.04%

Weight gaps

All 7 Holdings in both funds, largest gap first.

Holding weights in MSOS and YOLO, widest gap first
Holding	More in MSOSMore in YOLO	MSOS	YOLO
Village Farms InternationalVFF	YOLO +10.44 points	0.27%	10.71%
Trulieve Cannabis CorpTRLV	MSOS +4.60 points	21.10%	16.50%
Curaleaf Holdings IncCURLF	MSOS +2.86 points	16.94%	14.08%
Glass House Brands IncGLASF	YOLO +0.34 points	1.29%	1.63%
BlackRock Treasury Trust Instl 62	MSOS +0.31 points	0.58%	0.27%
Fluent CorpCNTMF	YOLO +0.30 points	<0.01%	0.31%
Terrascend CorpTRSSF	MSOS +0.04 points	2.28%	2.24%

All 28 MSOS holdings⁠All 25 YOLO 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 YOLO Cost

Overpaying YOLO vs MSOS

$5,809

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

MSOS 0.75%
$14,482
YOLO 1.10%
$20,291

Amount$10,000

Years30 years

Cost over time

MSOS 0.75%
YOLO 1.10%
Overpaying

Year by year

Year	MSOS	YOLO	Overpaying
10	$1,336	$1,931	$595
20	$5,078	$7,225	$2,147
30	$14,482	$20,291	$5,809

Expense ratio

0.75%MSOS, cheaper
1.10%YOLO

MSOS0.75%YOLO1.10%

0.41%1.10%

Middle half of Cannabis funds
Median 0.75%

MSOS 2nd cheapest of 5 funds

YOLO 5th cheapest of 5 funds

MSOS vs YOLO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): MSOS 0.00%; YOLO 0.00%
Payout (12M): MSOS None; YOLO None

Distribution history

Per share, 2019 to 2024, same scale for both

MSOS1 paymentAll MSOS payments⁠

YOLO16 paymentsAll YOLO payments⁠

MSOS vs YOLO Risk

Fall from peak · 5 years

MSOS
YOLO

Risk facts

VolatilityStd dev, 3 years: MSOS 84.7%YOLO 58.5%, better
Return per unit of riskSharpe ratio, 3 years: MSOS 0.15YOLO 0.16, better
Worst fallMax drawdown, 5 years: MSOS −93.6%YOLO −90.7%, better
Market sensitivityBeta, 5 years: MSOS 0.86YOLO 0.87; Market = 1

MSOS and YOLO in the news

All news⁠

Top Movers
Tanker-freight fund rose 32.7% in a week stocks barely moved
Oct 2, 2026MSOS
Top Movers
Two cannabis funds fell 11% after a DEA judge paused the marijuana case
Sep 30, 2026MSOS
Top Movers
Tanker fund falls 22% from Friday's 52-week high
Sep 22, 2026MSOS
Top Movers
Tanker freight gained 44% in a week the S&P 500 lost 0.8%
Sep 11, 2026MSOS

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MSOS vs YOLO

In short

Stated mandate

Why people hold it