Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

CNBS vs MSOS: which is really different?

CNBS and MSOS hold 38% of their weight in the same names, and MSOS returned more over the year.

Amplify Seymour Cannabis ETF and AdvisorShares Pure US Cannabis ETF.

0.0%CNBS in the S&P 500
0.0%MSOS in the S&P 500
+1.4%CNBS total return, 1 year
+7.5%MSOS total return, 1 year

ETFIQ Off-Index Score: CNBS scores higher

How much of it is not the index it is sold as an alternative to?

CNBS 91.8MSOS 91.80.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

CNBS100% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 136% of the fund · 39 holdings filed Sep 21, 2026 · Nasdaq-100: 0% in0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 136% of the fund
MSOS100% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 100% of the fund · 6 holdings filed Jun 30, 2026 · Nasdaq-100: 0% in0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 100% of the fund

38% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, CNBS and MSOS hold 38% of their money in the same securities at the same weight.

Positions CNBS and MSOS both hold, largest shared weight first
HoldingCNBSMSOS
Curaleaf Holdings Inc15.98%47.70%
Trulieve Cannabis Corp13.75%37.00%
TERRASCEND CORP4.54%10.45%
GLASS HOUSE BRANDS INC6.28%3.60%
Only in each
Only in CNBSOnly in MSOS
United States Treasury Bill 11/03/2026 34.38%VILLAGE FARMS INTERNATIONAL INC 1.20%
United States Treasury Bill 12/10/2026 23.06%FLUENT CORP 0.04%
GREEN THUMB INDS INC 13.53%
TRULIEVE CANNABIS CORP 10.69%
VERANO HLDGS CORP 7.44%
CRESCO LABS INC 6.08%
CURALEAF HLDGS 4.85%
Innovative Industrial Properties Inc 2.73%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 21, 2026.

Performance, window by window

CNBS and MSOS over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
CNBSMSOSCNBSMSOSCNBSMSOS
3 months−2.6%−1.8%−4.9 pts−4.0 pts−0.2 pts+0.7 pts
6 months+27.4%+36.1%+9.4 pts+18.1 pts+3.2 pts+11.9 pts
1 year+1.4%+7.5%−15.2 pts−9.1 pts−20.4 pts−14.3 pts
3 years−31.2%−39.7%−109.6 pts−118.1 pts−129.3 pts−137.8 pts
Since launch−85.5%−80.1%−267.6 pts−211.9 pts−374.4 pts−227.0 pts
Open the live comparison on ETFIQ
CNBS and MSOS on the same fields, as of Sep 18, 2026. Source: ETFIQ.
CNBS
Amplify Seymour Cannabis ETF
Holds 39 stocks in cannabis, 0% of its weight in S&P 500 companies
MSOS
AdvisorShares Pure US Cannabis ETF
Holds 6 stocks in cannabis, 0% of its weight in S&P 500 companies
IssuerAmplifyAdvisorShares
ThemeCannabisCannabis
In the S&P 5000.0%0.0%
Active share vs the S&P 500100.0%100.0%
In the Nasdaq-1000.0%0.0%
Holdings396
Top ten, share of the fund136.0%100.0%
Expense ratio0.76%0.78%
Fee for the differing part0.76%0.78%
Total return, 1 year+1.4%+7.5%
vs the S&P 500−15.2 pts−9.1 pts
vs the Nasdaq-100−20.4 pts−14.3 pts
Below its high−91.3%−91.1%
Net assets$78m$967m

CNBS in plain words

By weight, 0% of CNBS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 136% of the fund across 39 positions, as published by its issuer for Sep 21, 2026. Over the year to Sep 18, 2026 the fund returned +1.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 15.2 pts. It sits 91.3% below its all-time high of Feb 10, 2021.

MSOS in plain words

By weight, 0% of MSOS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 100% of the fund across 6 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +7.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 9.1 pts. It sits 91.1% below its all-time high of Feb 10, 2021.

Questions people ask

Do CNBS and MSOS hold the same stocks?
By their latest filings, 38% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, CNBS or MSOS?
CNBS has 0% of its weight in S&P 500 names and MSOS has 0%, so CNBS differs more from the index.
Which is cheaper, CNBS or MSOS?
CNBS charges 0.76% a year and MSOS charges 0.78%, so CNBS is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

CNBS against MSOS, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, CNBS against MSOS, data as of Sep 18, 2026. https://etfiq.com/compare/themes/cnbs-vs-msos Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources