Morgan Stanley ETF (EVSM) Performance
EVSM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.1% since Dec 31, 2025
- 1 year
- +1.7% total return
- Since first price
- +8.1% since 2024
EVSM trailing returns vs AGG, TLT, SPY
| Period | EVSM total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.0% | +0.7% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.2% | −0.5% | −0.4% | −1.0% | +3.2% |
| 6 months | +0.4% | −1.2% | −1.5% | −3.8% | +7.8% |
| YTD | +1.1% | −1.1% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.7% | −1.3% | −1.1% | −6.9% | +14.4% |
| Since inceptionMar 25, 2024 | +8.1% | −0.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EVSM vs AGG
From Mar 25, 2024: EVSM grew to $10,807, AGG to $10,868.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EVSM returns by calendar year
1 of 1 full years positive. Best 2025 (+4.2%), worst 2025 (+4.2%). 2026 is year to date.
EVSM annual returns table
| Year | EVSM | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.1% | −2.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +4.2% | −1.5% | +7.2% | +4.3% | +17.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EVSM risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +2.7% |
| Volatility (annualized) | 1.8% |
| Sharpe ratio | -0.87 |
| Sortino ratio | -0.92 |
| Best month | +0.9% |
| Worst month | −1.5% |
| Best 12 months | +4.4% |
| Worst 12 months | +0.4% |
| Positive months | 73% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EVSM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 20 | +0.4% | +3.7% | +4.4% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
EVSM performance overview
Morgan Stanley ETF (EVSM) returned +1.7% over the past year, with distributions reinvested. Since its first recorded price on Mar 25, 2024 it has returned +8.1%. Over the same year U.S. bonds (AGG) returned −1.1%.
Related: EVSM chart, EVSM dividends, EVSM bond profile. See the EVSM overview for the latest quote and fund facts.
EVSM performance FAQ
What is the EVSM return over the past year?
EVSM returned +1.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.3%.
How much would $10,000 invested in EVSM be worth?
$10,000 invested in EVSM at its first recorded close on March 25, 2024 would be worth about $10,807 on October 23, 2026 with distributions reinvested.
How volatile is EVSM?
Over the past history EVSM had an annualized volatility of 1.8% and a Sharpe ratio of -0.87 (excess return over 1–3 month T-bills per unit of risk).