McElhenny Sheffield Managed Risk ETF (MSMR) belongs to the Diversified Portfolio category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MSMR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MSMR
MSMR charges 0.97% annually. There are 51 ETFs in the Diversified Portfolio category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify US Equity PLUS Managed Futures Strategy E... | 0.10% | 167.39M | Dec 2025 | MSMR vs CTAP | |
| iShares Core 30/70 Conservative Allocation ETF | 0.15% | 809.63M | Nov 2008 | MSMR vs AOK | |
| iShares Core 60/40 Balanced Allocation ETF | 0.15% | 3.67B | Nov 2008 | MSMR vs AOR | |
| iShares Core 80/20 Aggressive Allocation ETF | 0.15% | 3.21B | Nov 2008 | MSMR vs AOA | |
| PIMCO U.S. Stocks PLUS Active Bond ETF | 0.18% | 44.38M | Jan 2026 | MSMR vs SPLS |
Best Risk-Adjusted Alternatives to MSMR
MSMR has a PortfoliosLab risk / return rank of 40. There are 51 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Income Focus ETF | 87 | 1.65B | Jun 2023 | MSMR vs INCM | |
| Avantis Moderate Allocation ETF | 81 | 76.06M | Jun 2023 | MSMR vs AVMA | |
| iShares Morningstar Multi-Asset Income ETF | 79 | 124.92M | Apr 2012 | MSMR vs IYLD | |
| Brookstone Yield ETF | 79 | 44.82M | Sep 2023 | MSMR vs BAMY | |
| Alpha Architect High Inflation And Deflation ETF | 78 | 100.05M | Nov 2022 | MSMR vs HIDE |
Top Performing MSMR Alternatives (YTD)
MSMR is at 1.56% YTD. There are 63 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 35.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Adaptive Core ETF | 35.57% | 16.56M | Nov 2021 | MSMR vs RULE | |
| WisdomTree Emerging Markets Efficient Core Fund | 20.64% | 55.78M | May 2021 | MSMR vs NTSE | |
| STF Tactical Growth ETF | 16.19% | 41.36M | May 2022 | MSMR vs TUG | |
| STF Tactical Growth & Income ETF | 15.99% | 76.94M | May 2022 | MSMR vs TUGN | |
| Cabana Target Leading Sector Moderate ETF | 15.94% | 114.31M | Jul 2021 | MSMR vs CLSM |
Lowest Volatility Alternatives to MSMR
MSMR has 12.50% 1-year volatility. There are 53 ETFs in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FlexShares Real Assets Allocation Index Fund | 0.00% | 7.49M | Nov 2015 | MSMR vs ASET | |
| Prospera Income ETF | 2.88% | 2.20M | Sep 2025 | MSMR vs THRV | |
| First Trust High Income Strategic Focus ETF | 3.32% | 99.40M | Aug 2014 | MSMR vs HISF | |
| Mindful Conservative ETF | 4.26% | 26.13M | Nov 2021 | MSMR vs MFUL | |
| Brookstone Yield ETF | 4.51% | 44.82M | Sep 2023 | MSMR vs BAMY |
Lowest Drawdown Alternatives to MSMR
MSMR has a 1-year max drawdown of -7.05%. There are 35 ETFs in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -2.48%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Brookstone Yield ETF | -2.48% | 44.82M | Sep 2023 | MSMR vs BAMY | |
| First Trust High Income Strategic Focus ETF | -2.90% | 99.40M | Aug 2014 | MSMR vs HISF | |
| Franklin Income Focus ETF | -3.19% | 1.65B | Jun 2023 | MSMR vs INCM | |
| Alpha Architect High Inflation And Deflation ETF | -3.31% | 100.05M | Nov 2022 | MSMR vs HIDE | |
| Mindful Conservative ETF | -3.36% | 26.13M | Nov 2021 | MSMR vs MFUL |
Often Compared With MSMR
Investors most often compare MSMR with SPY, VOO, NTSX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare MSMR with Any Fund or Stock
Compare MSMR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MSMR with funds that move differently
McElhenny Sheffield Managed Risk ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MSMR.
Explore MSMR Diversifiers