YALL vs. MSMR

Last updated Aug 2, 2026

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

Performance

YALL vs. MSMR - Performance Comparison

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

Returns By Period

In the year-to-date period, YALL achieves a -3.72% return, which is significantly lower than MSMR's 0.14% return.

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%

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%

*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

YALL vs. MSMR - Yearly Performance Comparison

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

Correlation

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

Return for Risk

YALL vs. MSMR — Risk / Return Rank

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

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

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

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.

YALL vs. MSMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for God Bless America ETF (YALL) and McElhenny Sheffield Managed Risk ETF (MSMR). 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.

	YALL	MSMR	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	0.74	-0.78
Sortino ratio: Return per unit of downside risk	0.04	1.11	-1.07
Omega ratio: Gain probability vs. loss probability	1.01	1.14	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.06	1.13	-1.19
Martin ratio: Return relative to average drawdown	-0.12	3.14	-3.26

YALL vs. MSMR - Sharpe Ratio Comparison

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

YALL vs. MSMR - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

YALL vs. MSMR - Volatility Comparison

The current volatility for God Bless America ETF (YALL) is 2.95%, while McElhenny Sheffield Managed Risk ETF (MSMR) has a volatility of 3.91%. This indicates that YALL experiences smaller price fluctuations and is considered to be less risky than MSMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

YALL vs. MSMR - Expense Ratio Comparison

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

Dividends

YALL vs. MSMR - Dividend Comparison

YALL's dividend yield for the trailing twelve months is around 0.51%, less than MSMR's 1.86% 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 YALL and MSMR in my portfolio?

YALL and MSMR 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, YALL or MSMR?

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

Which ETF is better, YALL or MSMR?

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, YALL or MSMR?

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, YALL or MSMR?

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

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

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

What is the main difference between YALL and MSMR?

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

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.