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ESMLvsMSSMETF Comparison

ETF 1

ESML

iShares ESG Aware MSCI USA Small-Cap ETF

This fund is part of

US Small Cap

+0.12%

Full ESML fund page

VS

ETF 2

MSSM

Morgan Stanley Pathway Small-Mid Cap Equity ETF

This fund is part of

US Multi-Factor

+0%

Full MSSM fund page

iShares ESG Aware MSCI USA Small-Cap ETF (ESML) belongs to the US Small Cap segment. Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) is part of the US Multi-Factor segment. ESML's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, MSSM's top sector exposures are Industrials, Information Technology and Financials. ESML is less expensive with a Total Expense Ratio (TER) of 0.17%, versus 0.9% for MSSM. ESML is up 11.74% year-to-date (YTD) with +$30M in YTD flows. MSSM performs better with 12.8% YTD performance, and -$41M in YTD flows. Run a side-by-side ETF comparison of ESML and MSSM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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ESML vs MSSM performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ESML MSSM	+11.19%+9.91%	+4.51%+5.26%	+11.74%+12.80%	+38.32%+40.13%	+60.29%n/a	+34.85%n/a
Flows	ESML MSSM	-$8M-$35M	-$12M-$33M	+$30M-$41M	-$6M-$32M	+$204M-	+$987M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ESML MSSM	+18.73%+20.29%	+17.20%+17.35%	+19.72%n/a	+21.29%n/a
Max drawdown	ESML MSSM	-9.05%-9.62%	-9.05%-9.62%	-26.61%n/a	-28.52%n/a
Max drawdown duration	ESML MSSM	46d46d	46d46d	296dn/a	980dn/a

Trading data

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	ESML	MSSM
Last sale 4/28/2026 at 1:30 PM	$50.73	$56.12
Previous close 04/27/2026	$51.25	$56.93
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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MSSM

is actively managed and doesn’t replicate an index

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	ESML	MSSM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/28/2026 at 1:30 PM

Live

Closed

	ESML	MSSM
Last price	$50.73	$56.12
1D performance	-1.01%	-1.43%
AuM	$2.32 B	$724.19 M
E/R	0.17%	0.9%

Characteristics

	ESML	MSSM
Management strategy	Passive	Active
Provider	iShares	Morgan Stanley
Benchmark	MSCI USA Small Cap Extended ESG Focus Index	-
N° of holdings	823	1902
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	April 10, 2018	December 9, 2024
ESG	Yes	No

More ESML data on Trackinsight

More MSSM data on Trackinsight

Exposure

Countries

ESML

USA

93.72%

Other

6.28%

MSSM

USA

79.68%

Other

20.32%

Sectors

ESML

Industrials

17.15%

Financials

13.64%

Information Techn.

13.18%

Health Care

12.02%

Consumer Discreti.

11.18%

Other

32.83%

MSSM

Industrials

19.29%

Information Techn.

17.22%

Financials

11.21%

Health Care

9.3%

Consumer Discreti.

7.76%

Other

35.23%

Diversification

ESML

Total weight of top 15 holdings out of 15

7.53%

MSSM

Total weight of top 15 holdings out of 15

10.47%

Top 15 holdings

Data as of March 31, 2026

ESML

US80004C2008

1.51%

TECHNIPFMC PLC

0.64%

US FOODS HOLDING CORP

0.57%

OVINTIV INC

0.52%

ASSURANT

0.44%

JANUS HENDERSON GROUP PLC

0.43%

XPO LOGISTICS

0.42%

ROYAL GOLD

0.42%

AKAMAI TECHNOLOGIES

0.39%

ALBEMARLE

0.39%

ATI INC

0.38%

WOODWARD

0.37%

CARPENTER TECHNOLOGY

0.37%

ONE GAS INC

0.36%

FEDERAL REIT

0.34%

MSSM

COMFORT SYSTEMS USA

1.13%

TECHNIPFMC PLC

1.07%

US04351P1012

1.03%

CIENA

0.86%

VIASAT

0.80%

BLOOM ENERGY CORP

0.73%

ORMAT TECHNOLOGIES

0.59%

PLEXUS

0.57%

RESIDEO TECHNOLOGIES

0.56%

REGAL REXNORD CORP

0.55%

FABRINET

0.54%

TEXAS CAPITAL

0.54%

ITT

0.52%

CALIX NETWORKS

0.51%

PRIMORIS SERVICES

0.48%

Frequently asked questions about ESML and MSSM

How have the ESML and MSSM ETFs performed in 2026?

As of April 27, 2026, ESML is up 11.74% year-to-date (YTD), while MSSM has returned 12.8%. That puts MSSM better performer ahead so far this year.

Which ETF is attracting more investor money: ESML or MSSM?

Year-to-date, the ESML ETF saw +$30M in flows, compared to -$41M for MSSM.

Which ETF is more volatile: ESML or MSSM?

Over the past year, ESML had a volatility of 17.2%, while MSSM experienced 17.35%.

Which ETF is bigger: ESML or MSSM?

As of April 27, 2026, ESML holds $2.32 B in assets under management (AUM), while MSSM manages $724.19 M.

What sectors do the ESML and MSSM ETFs invest in?

ESML leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, MSSM focuses on Industrials, Information Technology and Financials.

What are the top holdings of the ESML ETF and MSSM ETF?

ESML top holdings include US80004C2008, TECHNIPFMC PLC and US FOODS HOLDING CORP. MSSM holds in its top three: COMFORT SYSTEMS USA, TECHNIPFMC PLC and US04351P1012.

ESMLvsMSSMETF Comparison

iShares ESG Aware MSCI USA Small-Cap ETF

Morgan Stanley Pathway Small-Mid Cap Equity ETF

ESML vs MSSM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the ESML and MSSM ETFs performed in 2026?

As of April 27, 2026, ESML is up 11.74% year-to-date (YTD), while MSSM has returned 12.8%. That puts MSSM better performer ahead so far this year.

Which ETF is attracting more investor money: ESML or MSSM?

Year-to-date, the ESML ETF saw +$30M in flows, compared to -$41M for MSSM.

Which ETF is more volatile: ESML or MSSM?

Over the past year, ESML had a volatility of 17.2%, while MSSM experienced 17.35%.

Which ETF is bigger: ESML or MSSM?

As of April 27, 2026, ESML holds $2.32 B in assets under management (AUM), while MSSM manages $724.19 M.

What sectors do the ESML and MSSM ETFs invest in?

ESML leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, MSSM focuses on Industrials, Information Technology and Financials.

What are the top holdings of the ESML ETF and MSSM ETF?

ESML top holdings include US80004C2008, TECHNIPFMC PLC and US FOODS HOLDING CORP. MSSM holds in its top three: COMFORT SYSTEMS USA, TECHNIPFMC PLC and US04351P1012.

Which ETF is more diversified: ESML or MSSM?

ESML holds 906 securities with 7.53% of its assets in the top 15. MSSM has 1949 securities and a top 15 weight of 10.47%.

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