MSMR vs. AOM

Last updated Jun 24, 2026

MSMR (McElhenny Sheffield Managed Risk ETF) and AOM (iShares Core Moderate Allocation ETF) are both Diversified Portfolio funds. MSMR is actively managed, while AOM is passively managed. Over the past 3 years, MSMR returned 15.44%/yr vs 10.58%/yr for AOM. A 0.59 correlation means they provide meaningful diversification when combined. MSMR charges 0.97%/yr vs 0.25%/yr for AOM.

Performance

MSMR vs. AOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in McElhenny Sheffield Managed Risk ETF (MSMR) and iShares Core Moderate Allocation ETF (AOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSMR achieves a 2.25% return, which is significantly lower than AOM's 4.39% return.

MSMR

• 1D: -0.53%
• 1M: -4.81%
• YTD: 2.25%
• 6M: 1.66%
• 1Y: 17.41%
• 3Y*: 15.44%
• 5Y*: —
• 10Y*: —

AOM

• 1D: -0.76%
• 1M: 0.20%
• YTD: 4.39%
• 6M: 4.21%
• 1Y: 12.96%
• 3Y*: 10.58%
• 5Y*: 4.63%
• 10Y*: 6.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSMR vs. AOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MSMR McElhenny Sheffield Managed Risk ETF	2.25%	17.06%	21.58%	18.77%	-11.88%	-1.25%
AOM iShares Core Moderate Allocation ETF	4.39%	13.28%	7.95%	12.38%	-14.54%	0.12%

Correlation

The correlation between MSMR and AOM is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.59

The correlation between MSMR and AOM has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.

Return for Risk

MSMR vs. AOM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSMR

MSMR Risk / Return Rank: 46
MSMR Sharpe Ratio Rank: 42
MSMR Sortino Ratio Rank: 41
MSMR Omega Ratio Rank: 42
MSMR Calmar Ratio Rank: 54
MSMR Martin Ratio Rank: 50

AOM

AOM Risk / Return Rank: 59
AOM Sharpe Ratio Rank: 58
AOM Sortino Ratio Rank: 60
AOM Omega Ratio Rank: 59
AOM Calmar Ratio Rank: 54
AOM Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSMR vs. AOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for McElhenny Sheffield Managed Risk ETF (MSMR) and iShares Core Moderate Allocation ETF (AOM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MSMR	AOM	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.88	-0.47
Sortino ratio: Return per unit of downside risk	1.95	2.72	-0.77
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	2.48	2.55	-0.07
Martin ratio: Return relative to average drawdown	8.02	10.96	-2.93

MSMR vs. AOM - Sharpe Ratio Comparison

The current MSMR Sharpe Ratio is 1.40, which is comparable to the AOM Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of MSMR and AOM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSMR vs. AOM - Drawdown Comparison

The maximum MSMR drawdown since its inception was -14.86%, smaller than the maximum AOM drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for MSMR and AOM.

Drawdown Indicators

	MSMR	AOM	Difference
Max Drawdown Largest peak-to-trough decline	-14.86%	-19.96%	+5.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.05%	-5.11%	-1.94%
Max Drawdown (3Y) Largest decline over 3 years	-8.84%	-6.85%	-1.99%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.96%	—
Current Drawdown Current decline from peak	-5.81%	-1.04%	-4.77%
Average Drawdown Average peak-to-trough decline	-5.12%	-2.69%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	1.19%	+0.99%

Volatility

MSMR vs. AOM - Volatility Comparison

McElhenny Sheffield Managed Risk ETF (MSMR) has a higher volatility of 3.87% compared to iShares Core Moderate Allocation ETF (AOM) at 2.78%. This indicates that MSMR's price experiences larger fluctuations and is considered to be riskier than AOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSMR	AOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	2.78%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	9.45%	5.70%	+3.75%
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	6.94%	+5.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.33%	8.21%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.33%	7.94%	+2.39%

MSMR vs. AOM - Expense Ratio Comparison

MSMR has a 0.97% expense ratio, which is higher than AOM's 0.25% expense ratio.

Dividends

MSMR vs. AOM - Dividend Comparison

MSMR's dividend yield for the trailing twelve months is around 1.91%, less than AOM's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOM iShares Core Moderate Allocation ETF	3.00%	2.98%	3.10%	2.79%	2.27%	1.56%	2.02%	2.66%	2.53%	3.31%	2.14%	1.98%
MSMR McElhenny Sheffield Managed Risk ETF	1.91%	1.51%	2.26%	0.81%	0.65%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSMR and AOM in my portfolio?

MSMR and AOM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSMR or AOM?

MSMR has higher volatility (3.87%) compared to AOM (2.78%). In terms of maximum drawdown, MSMR dropped -14.86% vs AOM's -19.96%.

Which ETF is better, MSMR or AOM?

On 3-year performance, MSMR leads with 15.44% vs 10.58% for AOM. On fees, AOM is cheaper at 0.25% per year. On volatility, AOM has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSMR or AOM?

Over the 3-year period, MSMR has performed better with a 15.44% return vs 10.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSMR or AOM?

AOM is cheaper with a 0.25% expense ratio, compared with 0.97% for MSMR.

Which ETF pays a higher dividend yield, MSMR or AOM?

AOM has the higher dividend yield at 3.00%, compared with 1.91% for MSMR.

What is the main difference between MSMR and AOM?

They also come from different issuers: McElhenny Sheffield and iShares. Their fees differ too: 0.97% for MSMR and 0.25% for AOM.

Which has better risk-adjusted returns?

AOM currently has the higher Sharpe Ratio (1.88 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.