McElhenny Sheffield Managed Risk ETF (MSMR) Performance
MSMR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.0% since Dec 31, 2025
- 1 year
- +3.7% total return
- 3 years
- +15.8% a year
- Since first price
- +8.6% a year since 2021
MSMR trailing returns vs AGG, TLT, SPY
| Period | MSMR total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.5% | +1.0% | +0.9% | +1.5% | −1.0% |
| 3 months | +1.2% | +0.8% | −0.4% | −1.0% | +3.2% |
| 6 months | +0.1% | −0.9% | −1.5% | −3.8% | +7.8% |
| YTD | +2.0% | +0.2% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.7% | +1.5% | −1.1% | −6.9% | +14.4% |
| 3 years | +55.2%+15.8%/yr | +46.0% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionNov 17, 2021 | +50.3%+8.6%/yr | +39.7% | — | — | — |
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: MSMR vs AGG
From Nov 17, 2021: MSMR grew to $15,028, AGG to $9,903.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MSMR returns by calendar year
3 of 4 full years positive. Best 2024 (+21.6%), worst 2022 (−11.9%). 2026 is year to date.
MSMR annual returns table
| Year | MSMR | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +2.0% | −9.4% | −1.0% | −3.4% | +12.3% |
| 2025 | +17.1% | −8.8% | +7.2% | +4.3% | +17.7% |
| 2024 | +21.6% | −4.9% | +1.3% | −8.1% | +24.9% |
| 2023 | +18.8% | −8.7% | +5.7% | +2.8% | +26.2% |
| 2022 | −11.9% | −13.5% | −13.0% | −31.2% | −18.2% |
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.
MSMR largest drawdowns
Now 6.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 19, 2021 | −14.9% | Sep 19, 2022 | Jul 12, 2023 | 10 months | 1.6 years |
| Jun 2, 2026 | −9.4% | Sep 15, 2026 | not yet | 3 months | 5 months so far |
| Feb 19, 2025 | −8.8% | Apr 8, 2025 | Jun 30, 2025 | 48 days | 4 months |
| Jul 19, 2023 | −8.7% | Oct 27, 2023 | Jan 19, 2024 | 3 months | 6 months |
| Jan 29, 2026 | −7.0% | Mar 24, 2026 | May 5, 2026 | 54 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
MSMR risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | +15.5% | +8.7% |
| Volatility (annualized) | 9.5% | 10.1% |
| Sharpe ratio | 1.11 | 0.52 |
| Sortino ratio | 1.90 | 0.82 |
| Best month | +5.7% | +6.9% |
| Worst month | −4.9% | −6.9% |
| Best 12 months | +29.2% | +29.2% |
| Worst 12 months | +3.6% | −12.2% |
| Positive months | 64% | 53% |
| Beta vs S&P 500 | 0.61 | — |
| Correlation with S&P 500 | 0.80 | — |
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.
MSMR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 48 | −12.2% | +14.8% | +29.2% | 88% |
| 3-year (a year) | 24 | +8.4% | +15.6% | +20.1% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
MSMR performance overview
McElhenny Sheffield Managed Risk ETF (MSMR) returned +3.7% over the past year, with distributions reinvested. Since its first recorded price in 2021 it has returned +8.6% a year, turning $10,000 into about $15,028. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −14.9%, from Nov 19, 2021 to Sep 19, 2022, and it took 10 months to get back to the old high. MSMR finished 3 of its 4 full calendar years with a gain; the best year was 2024 (+21.6%) and the worst 2022 (−11.9%). Volatility has been 10.1% a year.
Related: MSMR chart, MSMR dividends, MSMR bond profile. See the MSMR overview for the latest quote and fund facts.
MSMR performance FAQ
What is the MSMR return over the past year?
MSMR returned +3.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 1.5%.
How much would $10,000 invested in MSMR be worth?
$10,000 invested in MSMR at its first recorded close on November 17, 2021 would be worth about $15,028 on October 23, 2026 with distributions reinvested.
What was the worst year for MSMR?
The worst calendar year was 2022, with a total return of −11.9%. The best was 2024 at +21.6%.
What is the biggest drawdown of MSMR?
The largest peak-to-trough decline was −14.9% between November 19, 2021 and September 19, 2022. It recovered to the old high on July 12, 2023, 10 months after the bottom.
How volatile is MSMR?
Over the past 3 years MSMR had an annualized volatility of 9.5% and a Sharpe ratio of 1.11 (excess return over 1–3 month T-bills per unit of risk).