McElhenny Sheffield Managed Risk ETF
$34.68−0.10 (−0.29%)
- 1.06%
- $181M
- +6.8%
- 2.02%
- 0M sh
- $34.82
- low $33.12high $37.67
The ETF.net MSMR Grade
D
Score 35 out of 100
- 96 of 127
Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F16 out of 100Rank 107 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B62 out of 100Rank 41 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 70 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D29 out of 100Rank 112 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 48 of 127
Our read on MSMR
DAn active US equity fund with one job in two parts: follow momentum across sectors, and try to cushion the downside. You pay a premium price for that tactical steering, in a small and lightly traded package.
The Fund seeks capital appreciation while managing downside risk.
Why people hold it
- The mandate is stated plainly: capital appreciation while managing downside risk, driven by a momentum-based sector rotation screen rather than stock-by-stock hunches.
- Sector rotation is a named, advertised part of the strategy, so the lever being pulled is disclosed up front instead of left to guesswork.
- Trading since November 2021, so there is a multi-year live record to judge rather than a backtest, and it distributes on a quarterly schedule.
- A 1940 Act fund holding US equities: familiar plumbing, no commodity pools, notes, or swaps-based wrappers to decode.
Worth knowing
- The steering costs: 0.99% a year, above the typical active US equity fund and many times what broad core peers like DFAU (0.12%) or FELC (0.18%) charge.
- Small and thinly traded, so spreads can be wider and sizable orders can move the price. Execution matters more here than in a mega-cap index fund.
- Portfolio disclosure lags: current holdings are not consistently refreshed in public data, so checking exactly what the fund owns at any moment takes extra digging.
MSMR Holdings
- Other
- 6
- 100%
- QQQ
Sectors
- Technology37.9%
- Health Care26.0%
- Communication8.0%
- Consumer Discretionary7.7%
- Industrials6.1%
- Financials4.7%
- Consumer Staples3.9%
- Energy1.8%
- Materials1.5%
- Real Estate1.4%
- Utilities1.2%
Geography
- United States100.00%
MSMR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
MSMR$10,679
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MSMR |
|---|---|
| Year to date | +1.6% |
| 1 month | +2.4% |
| 3 months | −1.2% |
| 1 year | +6.8% |
| 3 years | +15.7% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MSMR |
|---|---|---|
| 2026 YTD | +1.6% | |
| 2025 | +17.1% | |
| 2024 | +21.6% | |
| 2023 | +18.7% | |
| 2022 | −11.9% | |
| 2021 | −1.1% |
MSMR in the news
MSMR Dividends
- 2.02%
- $0.70
- $0.13 per share
- Quarterly
Distribution history
MSMR Risk
- 9.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.10
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −14.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.73
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MSMR Cost
1.06%
MSMR1.06%
- The middle half of US Active Equity funds
- Median 0.70%
104 of the 123 US Active Equity funds charge less.
Other funds in US Active Equity
- DLQAILG QRAFT AI-Powered U.S. Large Cap Core ETFExpense ratio 0.75%1 year return +19.8%
- DFCUSPinnacle Focused Opportunities ETFExpense ratio 0.81%1 year return +42.3%
- DNELSCollaborative Investment Series Trust - Nelson Select ETFExpense ratio 1.81%1 year return —
- DPLGIPL Growth and Income ETFExpense ratio 1.25%1 year return —
- DPSTRPeakshares Sector Rotation ETFExpense ratio 2.88%1 year return +17.8%