MSMR vs. OCIO

Last updated Aug 2, 2026

MSMR (McElhenny Sheffield Managed Risk ETF) and OCIO (ClearShares OCIO ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past 3 years, MSMR returned 12.53%/yr vs 11.71%/yr for OCIO. Their 0.65 correlation means they have sometimes moved together and sometimes differently. MSMR charges 0.97%/yr vs 0.61%/yr for OCIO.

Performance

MSMR vs. OCIO - Performance Comparison

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

Returns By Period

In the year-to-date period, MSMR achieves a 0.14% return, which is significantly lower than OCIO's 6.90% return.

MSMR

• 1D: -1.57%
• 1M: -2.13%
• 6M: -1.62%
• YTD: 0.14%
• 1Y: 11.18%
• 3Y*: 12.53%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.59%

OCIO

• 1D: -0.06%
• 1M: -1.14%
• 6M: 4.87%
• YTD: 6.90%
• 1Y: 15.24%
• 3Y*: 11.71%
• 5Y*: 6.76%
• 10Y*: —
• ALL TIME*: 7.60%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSMR McElhenny Sheffield Managed Risk ETF	$432.07K	$432.95K	$679.96K
OCIO ClearShares OCIO ETF	$27.53K	$27.13K	$321.99K

MSMR vs. OCIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MSMR McElhenny Sheffield Managed Risk ETF	0.14%	17.06%	21.58%	18.77%	-11.88%	-1.25%
OCIO ClearShares OCIO ETF	6.90%	12.68%	12.76%	12.03%	-12.49%	1.07%

Correlation

The correlation between MSMR and OCIO is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.65

The correlation between MSMR and OCIO has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

Return for Risk

MSMR vs. OCIO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MSMR

MSMR Risk / Return Rank: 31
MSMR Sharpe Ratio Rank: 30
MSMR Sortino Ratio Rank: 29
MSMR Omega Ratio Rank: 29
MSMR Calmar Ratio Rank: 33
MSMR Martin Ratio Rank: 33

OCIO

OCIO Risk / Return Rank: 56
OCIO Sharpe Ratio Rank: 52
OCIO Sortino Ratio Rank: 51
OCIO Omega Ratio Rank: 51
OCIO Calmar Ratio Rank: 58
OCIO Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MSMR vs. OCIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for McElhenny Sheffield Managed Risk ETF (MSMR) and ClearShares OCIO ETF (OCIO). 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	OCIO	Difference
Sharpe ratio: Return per unit of total volatility	0.74	1.27	-0.53
Sortino ratio: Return per unit of downside risk	1.11	1.83	-0.72
Omega ratio: Gain probability vs. loss probability	1.14	1.23	-0.09
Calmar ratio: Return relative to maximum drawdown	1.13	2.06	-0.93
Martin ratio: Return relative to average drawdown	3.14	8.07	-4.93

MSMR vs. OCIO - Sharpe Ratio Comparison

The current MSMR Sharpe Ratio is 0.74, which is lower than the OCIO Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of MSMR and OCIO, 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. OCIO - Drawdown Comparison

The maximum MSMR drawdown since its inception was -14.86%, smaller than the maximum OCIO drawdown of -24.21%. Use the drawdown chart below to compare losses from any high point for MSMR and OCIO.

Drawdown Indicators

	MSMR	OCIO	Difference
Max Drawdown Largest peak-to-trough decline	-14.86%	-24.21%	+9.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	-6.98%	-1.45%
Max Drawdown (3Y) Largest decline over 3 years	-8.84%	-13.32%	+4.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.75%	—
Current Drawdown Current decline from peak	-7.76%	-2.82%	-4.94%
Average Drawdown Average peak-to-trough decline	-5.15%	-4.39%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	1.78%	+1.26%

Volatility

MSMR vs. OCIO - Volatility Comparison

McElhenny Sheffield Managed Risk ETF (MSMR) and ClearShares OCIO ETF (OCIO) have volatilities of 3.91% and 3.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSMR	OCIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	3.89%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.50%	9.59%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	11.33%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.36%	10.90%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.36%	11.45%	-1.09%

MSMR vs. OCIO - Expense Ratio Comparison

MSMR has a 0.97% expense ratio, which is higher than OCIO's 0.61% expense ratio.

Dividends

MSMR vs. OCIO - Dividend Comparison

MSMR's dividend yield for the trailing twelve months is around 1.86%, less than OCIO's 9.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSMR McElhenny Sheffield Managed Risk ETF	1.86%	1.51%	2.26%	0.81%	0.65%	0.07%	0.00%	0.00%	0.00%	0.00%
OCIO ClearShares OCIO ETF	9.91%	10.27%	1.87%	2.32%	3.21%	2.83%	2.90%	2.22%	0.01%	1.68%

Frequently Asked Questions

Can I hold both MSMR and OCIO in my portfolio?

MSMR and OCIO have a correlation of 0.69, 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 OCIO?

MSMR has higher volatility (3.91%) compared to OCIO (3.89%). In terms of maximum drawdown, MSMR dropped -14.86% vs OCIO's -24.21%.

Which ETF is better, MSMR or OCIO?

On 3-year performance, MSMR leads with 12.53% vs 11.71% for OCIO. On fees, OCIO is cheaper at 0.61% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSMR or OCIO?

Over the 3-year period, MSMR has performed better with a 12.53% return vs 11.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSMR or OCIO?

OCIO is cheaper with a 0.61% expense ratio, compared with 0.97% for MSMR.

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

OCIO has the higher dividend yield at 9.91%, compared with 1.86% for MSMR.

What is the main difference between MSMR and OCIO?

They also come from different issuers: McElhenny Sheffield and ClearShares. Their fees differ too: 0.97% for MSMR and 0.61% for OCIO.

Which has better risk-adjusted returns?

OCIO currently has the higher Sharpe Ratio (1.27 vs 0.74), 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.