MSOX vs UYG

MSOXDAdvisorShares MSOS Daily Leveraged ETF

UYGAProShares Ultra Financials

In short

MSOX Two 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.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

Stated mandate

MSOX 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.

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

Why people hold it

• MSOX 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.

• UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
• At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
• The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
• Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

Worth knowing

• MSOX 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.

• UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
• One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
• It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full MSOX profile⁠

Full UYG profile⁠