MSOX vs SPY
AdvisorShares MSOS Daily Leveraged ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MSOX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.09% | |
| AUM | $59M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 9 | 505 | |
| YTD Return | -39.00% | +13.17% | |
| 1Y Return | -61.96% | +21.53% | |
| 3Y Return (annualized) | -61.85% | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | 163.8% | 15.3% | |
| Max Drawdown | -99.8% | -56.5% | |
| Fund Family | AdvisorShares Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 23, 2022 | Jan 22, 1993 |
MSOX vs SPY Performance
AdvisorShares MSOS Daily Leveraged ETF (MSOX) is a ETF from AdvisorShares Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MSOX returned -61.96% while SPY returned +21.53%. Year to date, MSOX is down 39.00% versus a gain of 13.17% for SPY.
Over three years, MSOX compounded at -61.85% per year against +22.06% for SPY. Across the full 4-year window we track, SPY has the edge at +8.82% annualized vs -73.70%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MSOX has been the more volatile fund, with annualized monthly volatility of 163.8% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -99.8% for MSOX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MSOX charges 0.97% per year while SPY charges 0.09%. On a $10,000 position that is $97 vs $9 annually, a gap of $88 per year that compounds over a long holding period. On income, MSOX currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
MSOX and SPY share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MSOX or SPY?
MSOX has an expense ratio of 0.97% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, MSOX or SPY?
Over the past year MSOX returned -61.96% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), MSOX annualized -73.70% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, MSOX or SPY?
MSOX has been the more volatile fund at 163.8% annualized versus 15.3% for SPY. Worst drawdown: MSOX -99.8% vs SPY -56.5%.
Should I hold both MSOX and SPY?
MSOX and SPY have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MSOX and SPY?
MSOX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, MSOX or SPY?
MSOX yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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