MSMR vs. VSMV
MSMR (McElhenny Sheffield Managed Risk ETF) and VSMV (VictoryShares US Multi-Factor Minimum Volatility ETF) are both exchange-traded funds - MSMR is a Diversified Portfolio fund actively managed by McElhenny Sheffield, while VSMV is a Volatility Hedged Equity fund tracking the Nasdaq Victory Multi-Factor Minimum Volatility Index. MSMR is actively managed, while VSMV is passively managed. Over the past 3 years, MSMR returned 15.44%/yr vs 15.74%/yr for VSMV. A 0.52 correlation means they provide meaningful diversification when combined. MSMR charges 0.97%/yr vs 0.35%/yr for VSMV.
Performance
MSMR vs. VSMV - Performance Comparison
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Returns By Period
In the year-to-date period, MSMR achieves a 2.25% return, which is significantly lower than VSMV's 7.57% return.
MSMR
- 1D
- -0.53%
- 1M
- -4.81%
- YTD
- 2.25%
- 6M
- 1.66%
- 1Y
- 17.41%
- 3Y*
- 15.44%
- 5Y*
- —
- 10Y*
- —
VSMV
- 1D
- -0.58%
- 1M
- -2.35%
- YTD
- 7.57%
- 6M
- 7.18%
- 1Y
- 22.71%
- 3Y*
- 15.74%
- 5Y*
- 11.19%
- 10Y*
- —
MSMR vs. VSMV - 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% |
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF | 7.57% | 16.77% | 15.79% | 12.34% | -7.56% | 3.72% |
Correlation
The correlation between MSMR and VSMV is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.52 |
The correlation between MSMR and VSMV has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
MSMR vs. VSMV — Risk / Return Rank
MSMR
VSMV
MSMR vs. VSMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for McElhenny Sheffield Managed Risk ETF (MSMR) and VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV). 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 | VSMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 4.40 | -1.92 |
| Martin ratioReturn relative to average drawdown | 8.02 | 16.31 | -8.28 |
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Drawdowns
MSMR vs. VSMV - Drawdown Comparison
The maximum MSMR drawdown since its inception was -14.86%, smaller than the maximum VSMV drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for MSMR and VSMV.
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Drawdown Indicators
| MSMR | VSMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.86% | -31.33% | +16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.05% | -5.18% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -8.84% | -13.22% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.96% | — |
Current DrawdownCurrent decline from peak | -5.81% | -2.59% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -3.40% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.40% | +0.78% |
Volatility
MSMR vs. VSMV - Volatility Comparison
McElhenny Sheffield Managed Risk ETF (MSMR) has a higher volatility of 3.87% compared to VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) at 3.31%. This indicates that MSMR's price experiences larger fluctuations and is considered to be riskier than VSMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSMR | VSMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 3.31% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 6.71% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 9.30% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 12.88% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.33% | 15.02% | -4.69% |
MSMR vs. VSMV - Expense Ratio Comparison
MSMR has a 0.97% expense ratio, which is higher than VSMV's 0.35% expense ratio.
Dividends
MSMR vs. VSMV - Dividend Comparison
MSMR's dividend yield for the trailing twelve months is around 1.91%, more than VSMV's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF | 1.37% | 1.35% | 1.36% | 1.77% | 1.99% | 1.36% | 2.01% | 2.00% | 2.42% | 1.11% |
Frequently Asked Questions
MSMR and VSMV have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSMR has higher volatility (3.87%) compared to VSMV (3.31%). In terms of maximum drawdown, MSMR dropped -14.86% vs VSMV's -31.33%.
On 3-year performance, VSMV leads with 15.74% vs 15.44% for MSMR. On fees, VSMV is cheaper at 0.35% per year. On volatility, VSMV has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VSMV has performed better with a 15.74% return vs 15.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VSMV is cheaper with a 0.35% expense ratio, compared with 0.97% for MSMR.
MSMR has the higher dividend yield at 1.91%, compared with 1.37% for VSMV.
MSMR is categorized as Diversified Portfolio, while VSMV is Volatility Hedged Equity. They also come from different issuers: McElhenny Sheffield and Crestview. Their fees differ too: 0.97% for MSMR and 0.35% for VSMV.
VSMV currently has the higher Sharpe Ratio (2.46 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.
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