MSMR vs. YALL

Last updated Aug 2, 2026

MSMR (McElhenny Sheffield Managed Risk ETF) and YALL (God Bless America ETF) are both exchange-traded funds - MSMR is a Diversified Portfolio fund actively managed by McElhenny Sheffield, while YALL is a Large Cap Blend Equities fund actively managed by Tidal. Both are actively managed. Over the past 3 years, MSMR returned 12.53%/yr vs 15.42%/yr for YALL. Their 0.63 correlation means they have sometimes moved together and sometimes differently. MSMR charges 0.97%/yr vs 0.65%/yr for YALL.

Performance

MSMR vs. YALL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in McElhenny Sheffield Managed Risk ETF (MSMR) and God Bless America ETF (YALL). 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 higher than YALL's -3.72% 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%

YALL

• 1D: -0.10%
• 1M: -2.18%
• 6M: -5.10%
• YTD: -3.72%
• 1Y: 0.47%
• 3Y*: 15.42%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.69%

*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
YALL God Bless America ETF	$426.58K	$379.61K	$374.40K

MSMR vs. YALL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MSMR McElhenny Sheffield Managed Risk ETF	0.14%	17.06%	21.58%	18.77%	0.96%
YALL God Bless America ETF	-3.72%	14.36%	29.99%	40.74%	8.04%

Correlation

The correlation between MSMR and YALL is 0.64, 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.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (All Time) Calculated using the full available price history since Oct 11, 2022	0.63

The correlation between MSMR and YALL has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.

Return for Risk

MSMR vs. YALL — 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

YALL

YALL Risk / Return Rank: 10
YALL Sharpe Ratio Rank: 10
YALL Sortino Ratio Rank: 10
YALL Omega Ratio Rank: 9
YALL Calmar Ratio Rank: 10
YALL Martin Ratio Rank: 10

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. YALL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for McElhenny Sheffield Managed Risk ETF (MSMR) and God Bless America ETF (YALL). 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	YALL	Difference
Sharpe ratio: Return per unit of total volatility	0.74	-0.04	+0.78
Sortino ratio: Return per unit of downside risk	1.11	0.04	+1.07
Omega ratio: Gain probability vs. loss probability	1.14	1.01	+0.14
Calmar ratio: Return relative to maximum drawdown	1.13	-0.06	+1.19
Martin ratio: Return relative to average drawdown	3.14	-0.12	+3.26

MSMR vs. YALL - Sharpe Ratio Comparison

The current MSMR Sharpe Ratio is 0.74, which is higher than the YALL Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of MSMR and YALL, 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. YALL - Drawdown Comparison

The maximum MSMR drawdown since its inception was -14.86%, smaller than the maximum YALL drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for MSMR and YALL.

Drawdown Indicators

	MSMR	YALL	Difference
Max Drawdown Largest peak-to-trough decline	-14.86%	-19.72%	+4.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	-9.42%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-8.84%	-19.72%	+10.88%
Current Drawdown Current decline from peak	-7.76%	-8.03%	+0.27%
Average Drawdown Average peak-to-trough decline	-5.15%	-3.09%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	4.16%	-1.12%

Volatility

MSMR vs. YALL - Volatility Comparison

McElhenny Sheffield Managed Risk ETF (MSMR) has a higher volatility of 3.91% compared to God Bless America ETF (YALL) at 2.95%. This indicates that MSMR's price experiences larger fluctuations and is considered to be riskier than YALL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSMR	YALL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	2.95%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	9.50%	10.01%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	13.81%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.36%	17.30%	-6.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.36%	17.30%	-6.94%

MSMR vs. YALL - Expense Ratio Comparison

MSMR has a 0.97% expense ratio, which is higher than YALL's 0.65% expense ratio.

Dividends

MSMR vs. YALL - Dividend Comparison

MSMR's dividend yield for the trailing twelve months is around 1.86%, more than YALL's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021
MSMR McElhenny Sheffield Managed Risk ETF	1.86%	1.51%	2.26%	0.81%	0.65%	0.07%
YALL God Bless America ETF	0.51%	0.49%	0.50%	3.51%	0.19%	0.00%

Frequently Asked Questions

Can I hold both MSMR and YALL in my portfolio?

MSMR and YALL have a correlation of 0.64, 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 YALL?

MSMR has higher volatility (3.91%) compared to YALL (2.95%). In terms of maximum drawdown, MSMR dropped -14.86% vs YALL's -19.72%.

Which ETF is better, MSMR or YALL?

On 3-year performance, YALL leads with 15.42% vs 12.53% for MSMR. On fees, YALL is cheaper at 0.65% per year. On volatility, YALL has been the lower-risk option at 2.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSMR or YALL?

Over the 3-year period, YALL has performed better with a 15.42% return vs 12.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSMR or YALL?

YALL is cheaper with a 0.65% expense ratio, compared with 0.97% for MSMR.

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

MSMR has the higher dividend yield at 1.86%, compared with 0.51% for YALL.

What is the main difference between MSMR and YALL?

MSMR is categorized as Diversified Portfolio, while YALL is Large Cap Blend Equities. They also come from different issuers: McElhenny Sheffield and Tidal. Their fees differ too: 0.97% for MSMR and 0.65% for YALL.

Which has better risk-adjusted returns?

MSMR currently has the higher Sharpe Ratio (0.74 vs -0.04), 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.