IQ

MSOX AdvisorShares MSOS Daily Leveraged ETF

$1.68
−11.6% · 1 day, price
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Fund card

<iframe src="https://etfiq.com/embed/fund/msox/" title="ETFIQ MSOX analysis" width="100%" height="420" loading="lazy" style="border:0;max-width:600px"></iframe>
<p>Data: <a href="https://etfiq.com/funds/msox">ETFIQ MSOX analysis</a></p>

Daily flows

<iframe src="https://etfiq.com/embed/flows-strip/msox/" title="ETFIQ MSOX fund flows" width="100%" height="340" loading="lazy" style="border:0;max-width:600px"></iframe>
<p>Data: <a href="https://etfiq.com/funds/msox">ETFIQ MSOX fund flows</a></p>

How to embed ETFIQ charts

In one line

Over the three months to Nov 12, 2026, MSOX lost 37.1%, against −35.8% for twice MSOS's daily moves.

Why does MSOX lose ground in choppy markets?How does MSOX compare with its benchmark over 3 years?What does MSOX hold?
1-year total return
−70.6%MSOS −10.6% to Nov 12, 2026
Expense ratio
0.97%a year
Net assets
$45mon Nov 11, 2026
Net flow, latest day
+$397kdaily basis to Nov 11, 2026
Aims to return twice the daily move of AdvisorShares Pure US Cannabis ETF (MSOS)AdvisorShares ↗Expense ratio 0.97%Fund assets $45m on Nov 11, 2026First traded Aug 24, 2022Benchmark MSOSFund page at the issuer ↗SEC filings ↗

Did what it promises: YesOver three months to Nov 12, 2026, MSOX finished 1.3 points behind twice MSOS's daily moves, compounded.

Analyze MSOXPut to the committeeAdd to portfolioAlerts
Growth of $10,000

MSOX vs MSOS, 1 year

Total return, distributions reinvested, Nov 11, 2025 to Nov 11, 2026.

MSOX $3,130 −68.7%MSOS $9,169 −8.3%Returns from daily closes. Data
Scorecard · vs MSOS

MSOX risk and return scorecard

vs MSOS · Sep 2022 to Nov 2026 · 218 weekly returns · dividend-adjusted

4.2 years
MSOX −99.7%, MSOS −67.2%, Sep 2022 to Nov 2026, distributions reinvested.
MeasureMSOXMSOSEdge
Return
Total return−99.7%−67.2%MSOS
Annualized−74.3%−23.4%MSOS
Price return−99.7%−67.2%MSOS
MeasureMSOXMSOSEdge
Risk
Volatility140.3%72.3%MSOS
Max drawdown−99.7%−84.0%MSOS
Upside captureNot measured100.0%
Downside capture102.3%100.0%MSOS (slight)
MeasureMSOXMSOSEdge
Risk-adjusted
Sharpe ratio−0.32−0.08MSOS
Sortino ratio−0.48−0.13MSOS
MeasureMSOXMSOSEdge
Alpha vs MSOS
Alpha, a year−32.8%MSOS
Alpha t-stat−4.07
Beta to MSOS1.931.00Higher beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Net fund flows · daily basis · as of Nov 11, 2026

Money in and out

Latest day
+$397k
N-PORT monthly basis
Since Nov 2026
+$397k
N-PORT monthly basis
In on 1 day, out on 0. 63 days missing.
Ask why money is moving in MSOXEvery window, day and month ↓
Total return

What you earned

MSOX −14.7%, MSOS −5.9%: total return over one month to Nov 12, 2026.
$10,000 in MSOX would be $8,530, over one month to Nov 12, 2026.
MSOX−14.7%
MSOS−5.9%
MSOX −37.1%, MSOS −17.0%: total return over three months to Nov 12, 2026.
$10,000 in MSOX would be $6,290, over three months to Nov 12, 2026.
MSOX−37.1%
MSOS−17.0%
MSOX −49.9%, MSOS −20.2%: total return over six months to Nov 12, 2026.
$10,000 in MSOX would be $5,010, over six months to Nov 12, 2026.
MSOX−49.9%
MSOS−20.2%
MSOX −62.5%, MSOS −18.2%: total return year to date, Dec 31, 2025 to Nov 12, 2026.
$10,000 in MSOX would be $3,750, year to date, Dec 31, 2025 to Nov 12, 2026.
MSOX−62.5%
MSOS−18.2%
MSOX −70.6%, MSOS −10.6%: total return over one year to Nov 12, 2026.
$10,000 in MSOX would be $2,940, over one year to Nov 12, 2026.
MSOX−70.6%
MSOS−10.6%
MSOX −97.7%, MSOS −43.2%: total return over three years to Nov 12, 2026.
$10,000 in MSOX would be $230, over three years to Nov 12, 2026.
MSOX−97.7%
MSOS−43.2%
MSOX −99.7%, MSOS −69.2%: total return since launch to Nov 12, 2026.
$10,000 in MSOX would be $30, since launch to Nov 12, 2026.
MSOX−99.7%
MSOS−69.2%
askIQ: why did MSOX return −70.6% over one year, against MSOS’s −10.6%? ↗
Fees over time · hypothetical
Fees paid
$929
Of the amount
9.3%

At MSOX’s 0.97% a year, taken each year from the amount after growth. Hypothetical.

Cost to trade · hypothetical
One way, at least
$26.32
Round trip
$52.64
A year
$52.64

One way: half its 30-day median bid-ask spread, at least half a one-cent tick; from $100,000, plus ETFIQ’s estimate of price impact, as of Nov 11, 2026. A round trip buys and later sells the same size. Hypothetical. Trading page

Sets out to return 2 times the daily move of MSOS

Did it deliver its multiple?

−17.0%
What MSOS did
Report
−35.8%
What 2 times a day gives
Report
−37.1%
What the fund returned
Report
−1.3 pts
Gap to 2 times a day
Report
Stated multiple against delivered, by window
1M
−14.7%
3M
−37.1%
6M
−49.9%
YTD
−62.5%
1Y
−70.6%
3Y
−97.7%
Black line is the stated multiple of the underlying's move.
Two-day reversal, hypothetical
If MSOS rises 2% one day and falls 2% the next, it ends −0.04%. A daily 2× fund ends −0.16%, 4.0 times the index’s loss. Hypothetical.
If MSOS rises 5% one day and falls 5% the next, it ends −0.25%. A daily 2× fund ends −1.00%, 4.0 times the index’s loss. Hypothetical.
If MSOS rises 10% one day and falls 10% the next, it ends −1.00%. A daily 2× fund ends −4.00%, 4.0 times the index’s loss. Hypothetical.
Formula: (1 + L·m)(1 − L·m) − 1 for a move m up then down at multiple L. Hypothetical; not a forecast.
askIQ: what would a 10% drop in MSOS do to MSOX? ↗

10 committee seats read MSOX on data as of Nov 12, 2026: 0 Supports, 0 Mixed, 5 Challenges, 5 without enough data.

0 Supports0 Mixed5 Challenges5 Not enough data
  • Bogle
  • Graham
  • Buffett & Munger
  • Lynch
  • Templeton
  • Dalio
  • Marks
  • Druckenmiller
  • Swensen
  • Wood
  • Livermore
  • Skeptic

Watch the committee read MSOX How the committee works

12 seats on MSOX, as of Nov 12, 2026: 5 Challenges, 5 Not enough data, 2 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresETFIQ SkepticETFIQ’s own seatChallenges
Put MSOX to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Risk Officer

Risk check

What to look at before you hold MSOX. Not advice.

As of Nov 13, 2026, MSOX crossed 3 of 6 ETFIQ risk lines.

OverlapNot publishedNot published
Trading cost30-day median spread 0.524934%30-day median bid-ask spread 0.524934% (AdvisorShares (fund page), Nov 11, 2026), above 0.5%.Flag
Premium or discount95% of days within ±2.1164% of NAV, 3 days over 1%, Nov 9, 2026 to Nov 11, 202695% of days within ±2.1164% of NAV over 2026-11-09 to 2026-11-11, at or past ±1%.3 days with a premium or discount over 1% in 2026-11-09 to 2026-11-11.Flag
Promise checkDeliveredClear
Leverage2x daily resetMSOX is a 2x daily-reset fund.Flag
ClosureNo closure flagClear

Lines and sources: Method. Check several funds at once on My Portfolio.

More on MSOX

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MSOX flows, by email on Sundays.

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Price, 1 year

$1.68−11.6%1 day, priceClose, Nov 12, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 12, 2026. Updated every trading night. Report a data error

MSOX returns by window: total return, cash paid and price change
WindowTotal returnMSOS+2x the moveDifferenceMSOS moved about, annualized
1M Oct 13 – Nov 12, 2026−14.7%−5.9%−11.8%−2.9 pts57%
3M Aug 13 – Nov 12, 2026−37.1%−17.0%−34.0%−3.1 pts51%
6M May 14 – Nov 12, 2026−49.9%−20.2%−40.4%−9.5 pts58%
YTD Dec 31, 2025 – Nov 12, 2026−62.5%−18.2%−36.4%−26.1 pts70%
1Y Nov 12, 2025 – Nov 12, 2026−70.6%−10.6%−21.2%−49.4 pts97%
3Y Nov 13, 2023 – Nov 12, 2026−97.7%−43.2%−86.4%−11.3 pts87%
Since launch Aug 24, 2022 – Nov 12, 2026−99.7%−69.2%not meaningful over this windownot meaningful over this window83%
Since launch, annualised Aug 24, 2022 – Nov 12, 2026−74.9%––––

Total returns, distributions reinvested. +2x the move is +2 times the window's move. That is not the fund's objective, which is +2 times each day's move.

Source: Tiingo end-of-day prices, with distributions reinvested.

What it aimed at, and what it did
2.9 pts short of its stated multipleMSOX returned −14.7% while 2 times MSOS's move would have been −11.8%. Data from Oct 13, 2026 to Nov 12, 2026.MSOS −5.9% ×2 implies−11.8%MSOX returned−14.7%2.9 pts short of its stated multipleMSOX returned −14.7% while 2 times MSOS's move would have been −11.8%. Data from Oct 13, 2026 to Nov 12, 2026.MSOS −5.9% ×2 implies−11.8%MSOX returned−14.7%

Over the 1 month to Nov 12, 2026, MSOX returned −14.7%, where 2 times that move implies −11.8%. The difference is −2.9 pts. Of that, daily compounding is −2.1 pts and the gap to 2 times each day's move compounded is −0.8 pts.

3.1 pts short of its stated multipleMSOX returned −37.1% while 2 times MSOS's move would have been −34.0%. Data from Aug 13, 2026 to Nov 12, 2026.MSOS −17.0% ×2 implies−34.0%MSOX returned−37.1%3.1 pts short of its stated multipleMSOX returned −37.1% while 2 times MSOS's move would have been −34.0%. Data from Aug 13, 2026 to Nov 12, 2026.MSOS −17.0% ×2 implies−34.0%MSOX returned−37.1%

Over the 3 months to Nov 12, 2026, MSOX returned −37.1%, where 2 times that move implies −34.0%. The difference is −3.1 pts. Of that, daily compounding is −1.8 pts and the gap to 2 times each day's move compounded is −1.3 pts.

9.5 pts short of its stated multipleMSOX returned −49.9% while 2 times MSOS's move would have been −40.4%. Data from May 14, 2026 to Nov 12, 2026.MSOS −20.2% ×2 implies−40.4%MSOX returned−49.9%9.5 pts short of its stated multipleMSOX returned −49.9% while 2 times MSOS's move would have been −40.4%. Data from May 14, 2026 to Nov 12, 2026.MSOS −20.2% ×2 implies−40.4%MSOX returned−49.9%

Over the 6 months to Nov 12, 2026, MSOX returned −49.9%, where 2 times that move implies −40.4%. The difference is −9.5 pts. Of that, daily compounding is −6.0 pts and the gap to 2 times each day's move compounded is −3.5 pts.

49.4 pts short of its stated multipleMSOX returned −70.6% while 2 times MSOS's move would have been −21.2%. Data from Nov 12, 2025 to Nov 12, 2026.MSOS −10.6% ×2 implies−21.2%MSOX returned−70.6%49.4 pts short of its stated multipleMSOX returned −70.6% while 2 times MSOS's move would have been −21.2%. Data from Nov 12, 2025 to Nov 12, 2026.MSOS −10.6% ×2 implies−21.2%MSOX returned−70.6%

Over the 1 year to Nov 12, 2026, MSOX returned −70.6%, where 2 times that move implies −21.2%. The difference is −49.4 pts. Of that, daily compounding is −44.5 pts and the gap to 2 times each day's move compounded is −4.9 pts.

11.3 pts short of its stated multipleMSOX returned −97.7% while 2 times MSOS's move would have been −86.4%. Data from Nov 13, 2023 to Nov 12, 2026.MSOS −43.2% ×2 implies−86.4%MSOX returned−97.7%11.3 pts short of its stated multipleMSOX returned −97.7% while 2 times MSOS's move would have been −86.4%. Data from Nov 13, 2023 to Nov 12, 2026.MSOS −43.2% ×2 implies−86.4%MSOX returned−97.7%

Over the 3 years to Nov 12, 2026, MSOX returned −97.7%, where 2 times that move implies −86.4%. The difference is −11.3 pts. Of that, daily compounding is −10.1 pts and the gap to 2 times each day's move compounded is −1.2 pts.

72.8
IQ Leverage ScoreETFIQ 3-Month Tracking Score136th of 498 · Nov 12, 2026
0.1 · lowest of 498 leveraged ETFs at 2x, over three months99.9 · highest

How closely it delivered its daily multiple over 3 months, ranked against 498 leveraged ETFs at 2x, over three months. 100 is best. How it is computed

MSOX finished 1.3 points short of what +2 times MSOS’s daily move would have given, compounded through the same days.

points against its daily multiple, compounded−1.3 pts · 73rd pct
All 498 ranked by this score →

Money in and out

Daily data · as of Nov 11, 2026

MSOX: in the 2 trading days to Nov 11, 2026, net $397k came in.

1D
+$397k
0.9% of $45.1m on Nov 10, 2026
Nov 11, 2026
Since Nov 2026
+$397k
Nov 10, 2026 to Nov 11, 2026
Net flow each trading day
Net flow into MSOX each trading day, Aug 12, 2026 to Nov 11, 2026+$397kmonthly, from SEC filingsdaily, from AdvisorShares+$397k−$397kAug 12, 2026Nov 11, 2026

MSOX, net flow each trading day over the 65 sessions from Aug 12, 2026 to Nov 11, 2026: money came in on 1 day and went out on 0 days, of the 2 days with daily data; the other 63 have none. Before Nov 10, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 1 day, out on 0. 63 days missing.

Net flow into MSOX each trading day, Nov 12, 2025 to Nov 11, 2026+$397kmonthly, from SEC filingsdaily, from AdvisorShares+$397k−$397kNov 12, 2025Nov 11, 2026

MSOX, net flow each trading day over the 251 sessions from Nov 12, 2025 to Nov 11, 2026: money came in on 1 day and went out on 0 days, of the 2 days with daily data; the other 249 have none. Before Nov 10, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 1 day, out on 0. 249 days missing.

Net flow into MSOX each trading day, Apr 10, 2025 to Nov 11, 2026+$397kmonthly, from SEC filingsdaily, from AdvisorShares+$397k−$397kApr 10, 2025Nov 11, 2026

MSOX, net flow each trading day over the 400 sessions from Apr 10, 2025 to Nov 11, 2026: money came in on 1 day and went out on 0 days, of the 2 days with daily data; the other 398 have none. Before Nov 10, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 1 day, out on 0. 398 days missing.

Money in, netMoney out, netMonthly basis
Streak
Money in on its last trading day, Nov 11, 2026, a net +$397k.

Daily data starts Nov 10, 2026.

How this is computed

Computed by ETFIQ from AdvisorShares’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for MSOX, back to Nov 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare MSOX with other funds in the flows tool

Every trading day, last 3 months2 days
Nov 11, 2026 +$397k
Nov 10, 2026 $0

Most recent first.

Week by week, last year1 week
Nov 11, 2026 +$397k 2 days

Net flow into MSOX each week, Nov 10, 2026 to Nov 11, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outNov 2026

MSOX, net flow each month from Nov 2026 to Nov 2026: money came in in 1 month and went out in 0 months.

MonthInOutNet
Nov 2026 ETFIQ, the sum of its days, Nov 10 to Nov 11+$397k$0+$397k

Most recent first.

How this is computed

Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Nov 11, 2026. Last checked Nov 12, 2026.

MSOX key stats

52-week high, daily closes to Nov 12, 2026 (ETFIQ)$10.24 on Dec 17, 2025
52-week low, daily closes to Nov 12, 2026 (ETFIQ)$1.68 on Nov 12, 2026
Close on Nov 12, 2026, within that range (ETFIQ)$1.68, 0% of the way from the low to the high
Beta to its underlying, 1 year (ETFIQ)1.94, against MSOS
R-squared, the same days (ETFIQ)0.99
Beta and R-squared measured over251 daily total returns, Nov 13, 2025 to Nov 12, 2026
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 11, 2026
Trading · MSOXas of Nov 11, 2026
·
Not scored3 of 6 measured · Nov 11, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, at least half a one-cent tick
$1,000$2.630.26%
$10,000$260.26%
$100,000 · estimate$15,67015.67%
Premium or discount to NAV, Nov 11 close+1.60%
−2.7%95% of days within ±2.12%+2.7%
How to tradeLimit: midpoint + 1¢ to buy, midpoint − 1¢ to sell.At the Nov 11 close of $1.90, that’s $1.91 to buy and $1.89 to sell.
Full trading page: components, premium history, dealers →

MSOX for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
MSOX interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

MSOX is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

Did it keep up with its own daily multiple, compounded day by day, over three months?

Points against its daily multiple, compounded
MRNX −41.5 ptsGMEU −14.1 ptsPUR −12.3 ptsTXXS −11.1 ptsSUIL −10.0 ptsAVAZ −8.6 ptsXOVL −8.5 ptsOSCX −7.6 ptsTXXD −7.6 ptsMSTX −7.5 ptsNXPG −7.0 ptsSTLU −7.0 ptsMSTU −6.9 ptsBMNG −6.7 pts, and 2 more at this point: GMEC −6.7 pts, XXRP −6.7 ptsTDCL −6.4 ptsMSTP −6.3 ptsRIOX −6.0 ptsCRDX −5.8 ptsTEMT −5.6 ptsTEMC −5.4 ptsTTDU −5.4 ptsAMDG −5.3 ptsAMPU −5.1 pts, and 2 more at this point: MSTC −5.1 pts, RBLU −5.1 ptsBMNU −5.0 ptsLLYX −4.9 ptsBTCL −4.8 pts, and 1 more at this point: ETHT −4.8 ptsPENU −4.7 ptsADIU −4.6 pts, and 1 more at this point: CRMG −4.6 ptsAMDL −4.5 pts, and 4 more at this point: OKTG −4.5 pts, OUSL −4.5 pts, SPCU −4.5 pts, UNHG −4.5 ptsBNMC −4.4 ptsFUTG −4.3 pts, and 3 more at this point: INFH −4.3 pts, LUNL −4.3 pts, UXRP −4.3 ptsANEL −4.2 pts, and 7 more at this point: BITU −4.2 pts, EVMU −4.2 pts, POEL −4.2 pts, TELG −4.2 pts, TSLT −4.2 pts, XCOM −4.2 pts, XRPT −4.2 ptsECHX −4.1 ptsCDNG −4.0 pts, and 5 more at this point: ENTL −4.0 pts, ETU −4.0 pts, PDDL −4.0 pts, SOFX −4.0 pts, TSLI −4.0 ptsAMZG −3.9 pts, and 4 more at this point: APPC −3.9 pts, CRWL −3.9 pts, MSIX −3.9 pts, SPOG −3.9 ptsAAPE −3.8 pts, and 7 more at this point: APPX −3.8 pts, BTCU −3.8 pts, DUOG −3.8 pts, LNOK −3.8 pts, SMTG −3.8 pts, SPCH −3.8 pts, VSTL −3.8 ptsBITX −3.7 pts, and 4 more at this point: CARX −3.7 pts, QSU −3.7 pts, RKLX −3.7 pts, TSLG −3.7 ptsAMUU −3.6 pts, and 6 more at this point: COTG −3.6 pts, IOSX −3.6 pts, SPCF −3.6 pts, TSLL −3.6 pts, TSMU −3.6 pts, UCOP −3.6 ptsAMDC −3.5 pts, and 5 more at this point: APHG −3.5 pts, ONDL −3.5 pts, PYPG −3.5 pts, TAJX −3.5 pts, XLEX −3.5 ptsMETG −3.4 pts, and 8 more at this point: NVOX −3.4 pts, PLTG −3.4 pts, SLON −3.4 pts, TESC −3.4 pts, TSLR −3.4 pts, TXNU −3.4 pts, UN −3.4 pts, UNHU −3.4 ptsETHU −3.3 pts, and 6 more at this point: LULG −3.3 pts, MULL −3.3 pts, ONG −3.3 pts, QCML −3.3 pts, UPLT −3.3 pts, XYZG −3.3 ptsAAPX −3.2 pts, and 9 more at this point: CRUC −3.2 pts, FBX −3.2 pts, FDRX −3.2 pts, FGRU −3.2 pts, PLU −3.2 pts, SPAX −3.2 pts, TARK −3.2 pts, XHOA −3.2 pts, XLFX −3.2 ptsAAPU −3.1 pts, and 4 more at this point: BEG −3.1 pts, UPAL −3.1 pts, XEUR −3.1 pts, XLUX −3.1 ptsELIL −3.0 pts, and 9 more at this point: HIMZ −3.0 pts, LMTL −3.0 pts, MNSX −3.0 pts, MSFL −3.0 pts, SKHX −3.0 pts, XAGI −3.0 pts, XLBX −3.0 pts, XLVX −3.0 pts, XOMX −3.0 ptsADBG −2.9 pts, and 14 more at this point: AXTL −2.9 pts, COPZ −2.9 pts, COZX −2.9 pts, KEEX −2.9 pts, MPWX −2.9 pts, MSFX −2.9 pts, NETG −2.9 pts, NVOC −2.9 pts, ONDC −2.9 pts, PLTA −2.9 pts, QCMU −2.9 pts, SKHU −2.9 pts, XIWC −2.9 pts, XTAI −2.9 ptsCCPX −2.8 pts, and 12 more at this point: COIG −2.8 pts, CRCG −2.8 pts, DRAL −2.8 pts, FIGG −2.8 pts, FLYT −2.8 pts, IONX −2.8 pts, PYPU −2.8 pts, SMCC −2.8 pts, SMCX −2.8 pts, TSMG −2.8 pts, XLPX −2.8 pts, XW −2.8 ptsAPHU −2.7 pts, and 9 more at this point: BTDL −2.7 pts, COIA −2.7 pts, LOFF −2.7 pts, MPWC −2.7 pts, MSFC −2.7 pts, MUU −2.7 pts, RGTX −2.7 pts, XBIX −2.7 pts, XKRE −2.7 ptsAAPB −2.6 pts, and 13 more at this point: AMZU −2.6 pts, CRCA −2.6 pts, CRWC −2.6 pts, FBL −2.6 pts, HOOG −2.6 pts, HOOX −2.6 pts, KEYG −2.6 pts, MRAL −2.6 pts, MTSG −2.6 pts, SOLT −2.6 pts, WLDU −2.6 pts, WULX −2.6 pts, XLYX −2.6 ptsAVGG −2.5 pts, and 3 more at this point: METU −2.5 pts, RMBX −2.5 pts, USX −2.5 ptsAMKL −2.4 pts, and 13 more at this point: ASMG −2.4 pts, AVGU −2.4 pts, BRZX −2.4 pts, CRMX −2.4 pts, DJTU −2.4 pts, EQQQ −2.4 pts, ETNG −2.4 pts, NOWL −2.4 pts, RDWU −2.4 pts, ROBN −2.4 pts, RVNL −2.4 pts, TSMX −2.4 pts, XLIX −2.4 ptsAALG −2.3 pts, and 13 more at this point: AMAA −2.3 pts, AMAU −2.3 pts, AVGX −2.3 pts, BULG −2.3 pts, GFSG −2.3 pts, HPEL −2.3 pts, HUTG −2.3 pts, ISUL −2.3 pts, MSFU −2.3 pts, PUL −2.3 pts, WEBX −2.3 pts, WX −2.3 pts, XPEG −2.3 ptsAVGC −2.2 pts, and 14 more at this point: BBUL −2.2 pts, CEGX −2.2 pts, CONL −2.2 pts, CONX −2.2 pts, EMXX −2.2 pts, GRAG −2.2 pts, MCHG −2.2 pts, NTAL −2.2 pts, PLTL −2.2 pts, RIVC −2.2 pts, RTXG −2.2 pts, SKHL −2.2 pts, SNOU −2.2 pts, XPAV −2.2 ptsBEC −2.1 pts, and 17 more at this point: GOU −2.1 pts, HYNX −2.1 pts, IBX −2.1 pts, LASC −2.1 pts, NFLU −2.1 pts, NVDG −2.1 pts, PTIR −2.1 pts, QUBX −2.1 pts, RAM −2.1 pts, RDTL −2.1 pts, RMBC −2.1 pts, SK −2.1 pts, SNAG −2.1 pts, SOUX −2.1 pts, TWSC −2.1 pts, UMCU −2.1 pts, XLKX −2.1 ptsAPMI −2.0 pts, and 19 more at this point: ARMG −2.0 pts, ASTG −2.0 pts, AVL −2.0 pts, AVXX −2.0 pts, BEX −2.0 pts, CIR −2.0 pts, GOOL −2.0 pts, GOOX −2.0 pts, HOOC −2.0 pts, MIC −2.0 pts, MRAX −2.0 pts, NVTX −2.0 pts, ORCX −2.0 pts, PANG −2.0 pts, RXL −2.0 pts, SMCL −2.0 pts, SOFA −2.0 pts, SOFC −2.0 pts, SPCM −2.0 ptsADBU −1.9 pts, and 13 more at this point: AMA −1.9 pts, ASMZ −1.9 pts, COIX −1.9 pts, CSCL −1.9 pts, GLWG −1.9 pts, JBLG −1.9 pts, MVLL −1.9 pts, NVDX −1.9 pts, RAML −1.9 pts, SHPU −1.9 pts, UCO −1.9 pts, USLV −1.9 pts, VIAG −1.9 ptsASMU −1.8 pts, and 13 more at this point: CLSX −1.8 pts, GGLL −1.8 pts, GOGL −1.8 pts, HIMC −1.8 pts, KTUP −1.8 pts, LITG −1.8 pts, LITU −1.8 pts, MCHU −1.8 pts, OKLL −1.8 pts, SNDC −1.8 pts, UGLD −1.8 pts, UPSX −1.8 pts, XSEM −1.8 ptsDIG −1.7 pts, and 14 more at this point: EET −1.7 pts, GEVG −1.7 pts, GLX −1.7 pts, GLXU −1.7 pts, HODU −1.7 pts, INDL −1.7 pts, KEYX −1.7 pts, NFX −1.7 pts, NIOG −1.7 pts, ORCU −1.7 pts, PALU −1.7 pts, PLTU −1.7 pts, SKUU −1.7 pts, SPAL −1.7 ptsARCX −1.6 pts, and 12 more at this point: BAIG −1.6 pts, BIDG −1.6 pts, BOEG −1.6 pts, FOMG −1.6 pts, LRCU −1.6 pts, MXLL −1.6 pts, NFXL −1.6 pts, NVDB −1.6 pts, SNDU −1.6 pts, TPLX −1.6 pts, UMAL −1.6 pts, UYM −1.6 ptsACLZ −1.5 pts, and 17 more at this point: AMZZ −1.5 pts, BIB −1.5 pts, CATG −1.5 pts, CCUP −1.5 pts, ERX −1.5 pts, IONL −1.5 pts, KRWX −1.5 pts, NVC −1.5 pts, NVDL −1.5 pts, OCNL −1.5 pts, ONDG −1.5 pts, PATX −1.5 pts, TERG −1.5 pts, UCC −1.5 pts, UPV −1.5 pts, VRTL −1.5 pts, XPP −1.5 ptsAKAL −1.4 pts, and 14 more at this point: ASTY −1.4 pts, AXTU −1.4 pts, BOEU −1.4 pts, COHH −1.4 pts, DDM −1.4 pts, EFO −1.4 pts, LITX −1.4 pts, MPG −1.4 pts, NVDU −1.4 pts, RKX −1.4 pts, SMU −1.4 pts, UBRL −1.4 pts, UPW −1.4 pts, UYG −1.4 ptsAPLX −1.3 pts, and 24 more at this point: BABU −1.3 pts, BRZU −1.3 pts, CWEB −1.3 pts, EO −1.3 pts, EUVX −1.3 pts, FNG −1.3 pts, GEVC −1.3 pts, IRE −1.3 pts, LABX −1.3 pts, LITC −1.3 pts, LTL −1.3 pts, NBIC −1.3 pts, NUGT −1.3 pts, ORAC −1.3 pts, RGTU −1.3 pts, ROM −1.3 pts, SAA −1.3 pts, SNDG −1.3 pts, SSO −1.3 pts, STXL −1.3 pts, UBR −1.3 pts, UMCX −1.3 pts, URE −1.3 pts, VRC −1.3 ptsACHX −1.2 pts, and 19 more at this point: AXTX −1.2 pts, BABC −1.2 pts, CIEG −1.2 pts, FPSX −1.2 pts, JOBC −1.2 pts, KLAG −1.2 pts, LRCC −1.2 pts, LRNX −1.2 pts, MHX −1.2 pts, MRVU −1.2 pts, ONDU −1.2 pts, ONX −1.2 pts, QLD −1.2 pts, QQXL −1.2 pts, RCAX −1.2 pts, SITX −1.2 pts, UGE −1.2 pts, URSP −1.2 pts, UXI −1.2 ptsAMKX −1.1 pts, and 15 more at this point: ARMA −1.1 pts, BABX −1.1 pts, CRWG −1.1 pts, EZJ −1.1 pts, GUSH −1.1 pts, IREC −1.1 pts, JNUG −1.1 pts, JOBX −1.1 pts, MVV −1.1 pts, OKLC −1.1 pts, OSSL −1.1 pts, SMUP −1.1 pts, SPUU −1.1 pts, TSEG −1.1 pts, WYFL −1.1 ptsCIFU −1.0 pts, and 8 more at this point: COHX −1.0 pts, MRVX −1.0 pts, PLUL −1.0 pts, STLL −1.0 pts, STXU −1.0 pts, UPSC −1.0 pts, UWM −1.0 pts, WDCX −1.0 ptsAGQ −0.9 pts, and 15 more at this point: CIEX −0.9 pts, CIFG −0.9 pts, CPXR −0.9 pts, DLLL −0.9 pts, INTW −0.9 pts, IONC −0.9 pts, NEBX −0.9 pts, NVTC −0.9 pts, QBTX −0.9 pts, SKYU −0.9 pts, TERC −0.9 pts, UBOT −0.9 pts, UNX −0.9 pts, UST −0.9 pts, VELL −0.9 ptsACMM −0.8 pts, and 12 more at this point: ASTX −0.8 pts, CWVX −0.8 pts, EOSU −0.8 pts, FNGG −0.8 pts, IREX −0.8 pts, LEUX −0.8 pts, NBIL −0.8 pts, ONTX −0.8 pts, QNTU −0.8 pts, RGTC −0.8 pts, SIMX −0.8 pts, XQTM −0.8 ptsAAOG −0.7 pts, and 8 more at this point: ALA −0.7 pts, CAMC −0.7 pts, GEVX −0.7 pts, LINT −0.7 pts, NBIG −0.7 pts, UGL −0.7 pts, USAX −0.7 pts, WDCC −0.7 ptsAAOX −0.6 pts, and 14 more at this point: AEHG −0.6 pts, CBRG −0.6 pts, CHAU −0.6 pts, COHC −0.6 pts, CRWU −0.6 pts, CRWX −0.6 pts, CSEX −0.6 pts, IREG −0.6 pts, NOWX −0.6 pts, QUA −0.6 pts, UBT −0.6 pts, UCTX −0.6 pts, USGG −0.6 pts, UUUG −0.6 ptsAXTC −0.5 pts, and 5 more at this point: CBRX −0.5 pts, CRDU −0.5 pts, INT −0.5 pts, STXX −0.5 pts, UUUC −0.5 ptsSMRX −0.4 pts, and 2 more at this point: SNXX −0.4 pts, TTMX −0.4 ptsASTT −0.3 pts, and 2 more at this point: CIFC −0.3 pts, CRD −0.3 ptsXNDX −0.2 ptsOPEX −0.1 ptsRDDC +0.2 ptsAFRU +9.8 ptsTEUP +14.6 ptsMSOX −1.3 ptsMSOX −1.3 pts−41.5 pts+14.6 pts
−41.5 pts to +14.6 pts across 498

That is the share of the 498 leveraged ETFs at 2x, over three months sitting at or below MSOX.

Three months only, against the fund's own daily multiple; a different quarter can rank it very differently. Where the fund sits in this set, not a rating. Do not average it with another category's score.

About MSOX

Of that 3.1, daily compounding is −1.8 points, which any 2 times fund would show over the same path, and the fund itself is −1.3 points against 2 times each day's move, compounded.
Sets out to return+2 times the daily move of MSOS, reset daily
Multiple a holder actually got over the window (ETFIQ)+2.18248 times, against +2 stated
UnderlyingMSOS
Segmentsector or country, index
Net assets (issuer page, as of Nov 11, 2026)$45mReport
Expense ratio (485BPOS XBRL, Oct 28, 2026)0.97%Report
First tradedAug 24, 2022
Underlying volatility over the window (ETFIQ)51% annualized
How we measure
Read the multiple against the whole window instead and 2 times MSOS's −17.0% implies −34.0%, which makes MSOX look 3.1 points short. That is not the fund's objective, which is daily. MSOX aims to return +2 times MSOS's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. MSOS moved at 51% annualized over that window. The more it moves, the further the two numbers separate.
Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. Method

Questions people ask about MSOX

Did MSOX return +2 times MSOS?
Over the three months to Nov 12, 2026, MSOS moved −17.0% and MSOX returned −37.1%. 2 times that move is −34.0%, so the fund came out 3.1 points short of it. That is not its objective, which is daily. Against 2 times each day's move, compounded, it was 1.3 points short.
Why does MSOX not return +2 times over a year?
Because it resets daily. MSOX aims at +2 times each day's move, and daily results compound. If the underlying falls and recovers, a holder ends up behind +2 times the period move; in a steady run in one direction, possibly ahead. The longer the holding and the more the underlying swings, the wider the gap.
Sources and dates
Prices, MSOX and MSOSTiingo end-of-day prices ↗
Fee, 0.97%SEC 485BPOS XBRL · Oct 28, 2026
Net assets, $45mIssuer page · Nov 11, 2026
IssuerAdvisorShares page for MSOX ↗
All fund filingsFund filings on SEC EDGAR ↗
SourceSEC investment company series and class file, which lists every registered fund ↗
AdvisorShares’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
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ETFIQ, MSOX, leveraged ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/msox

The label bar for MSOX, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Stated multiple
What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
Daily reset
The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
Compounding
Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
Decay
What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
Difference against the stated multiple
The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one number that says whether a holder got what the fund’s own multiple describes.
Full definitions: leveraged ETFs vocabulary page. →
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MSOX: MSOX returned −37.1% while 2 times MSOS's move would have been −34.0%. Data from Aug 13, 2026 to Nov 12, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/leverage/msox/" title="MSOX: MSOX returned −37.1% while 2 times MSOS&#x27;s move would have been −34.0%. Data from Aug 13, 2026 to Nov 12, 2026." width="640" height="334" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">MSOX: MSOX returned −37.1% while 2 times MSOS&#x27;s move would have been −34.0%. Data from Aug 13, 2026 to Nov 12, 2026. Data: <a href="https://etfiq.com/funds/msox">ETFIQ</a></figcaption>
</figure>

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Snapshot, Nov 12, 2026. More on the tabs above.