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 54 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% | 138.08M | Dec 2025 | MSMR vs CTAP | |
| iShares Core 60/40 Balanced Allocation ETF | 0.15% | 3.64B | Nov 2008 | MSMR vs AOR | |
| iShares Core 30/70 Conservative Allocation ETF | 0.15% | 781.58M | Nov 2008 | MSMR vs AOK | |
| iShares Core 80/20 Aggressive Allocation ETF | 0.15% | 3.19B | Nov 2008 | MSMR vs AOA | |
| iShares ESG Aware Aggressive Allocation ETF | 0.18% | 36.94M | Jun 2020 | MSMR vs EAOA |
Best Risk-Adjusted Alternatives to MSMR
MSMR has a PortfoliosLab risk / return rank of 31. There are 58 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Income Focus ETF | 92 | 1.72B | Jun 2023 | MSMR vs INCM | |
| Alpha Architect High Inflation And Deflation ETF | 88 | 145.17M | Nov 2022 | MSMR vs HIDE | |
| iShares Morningstar Multi-Asset Income ETF | 87 | 125.24M | Apr 2012 | MSMR vs IYLD | |
| Avantis Moderate Allocation ETF | 87 | 82.33M | Jun 2023 | MSMR vs AVMA | |
| First Trust Multi-Asset Diversified Income Index F... | 86 | 429.28M | Aug 2012 | MSMR vs MDIV |
Top Performing MSMR Alternatives (YTD)
MSMR is at 0.14% YTD. There are 66 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 28.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Adaptive Core ETF | 28.07% | 16.56M | Nov 2021 | MSMR vs RULE | |
| WisdomTree Emerging Markets Efficient Core Fund | 18.97% | 53.61M | May 2021 | MSMR vs NTSE | |
| Pacer Trendpilot International ETF | 16.34% | 181.50M | May 2019 | MSMR vs PTIN | |
| Invesco Zacks Multi-Asset Income ETF | 15.51% | 124.41M | Sep 2006 | MSMR vs CVY | |
| Myriad Dynamic Asset Allocation ETF | 14.47% | 444.94M | Oct 2025 | MSMR vs MDAA |
Lowest Volatility Alternatives to MSMR
MSMR has 12.86% 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 | 3.33% | 98.51M | Aug 2014 | MSMR vs HISF | |
| Mindful Conservative ETF | 4.31% | 26.13M | Nov 2021 | MSMR vs MFUL | |
| Brookstone Yield ETF | 4.53% | 43.48M | Sep 2023 | MSMR vs BAMY |
Lowest Drawdown Alternatives to MSMR
MSMR has a 1-year max drawdown of -8.43%. There are 50 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% | 43.48M | Sep 2023 | MSMR vs BAMY | |
| First Trust High Income Strategic Focus ETF | -2.90% | 98.51M | Aug 2014 | MSMR vs HISF | |
| Franklin Income Focus ETF | -3.19% | 1.72B | Jun 2023 | MSMR vs INCM | |
| Alpha Architect High Inflation And Deflation ETF | -3.31% | 145.17M | 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, YALL, VOO. 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