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FDLSvsMSSMETF Comparison
Inspire Fidelis Multi Factor ETF (FDLS) and Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Industrials, Information Technology and Financials. FDLS is less expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.9% for MSSM. FDLS is up 5.12% year-to-date (YTD) with +$33M in YTD flows. MSSM performs worse with 3.72% YTD performance, and -$8M in YTD flows. Run a side-by-side ETF comparison of FDLS 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.
FDLS vs MSSM performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDLS MSSM | -3.20%-4.72% | +1.26%+0.31% | +5.12%+3.72% | +33.53%+25.25% | +67.33%n/a | n/an/a |
| Flows | FDLS MSSM | +$12M- | +$38M+$7M | +$33M-$8M | +$62M+$49M | +$79M- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDLS MSSM | +16.01%+16.79% | +21.01%+22.01% | +18.41%n/a | n/an/a |
| Max drawdown | FDLS MSSM | -5.30%-5.51% | -15.34%-16.45% | -23.13%n/a | n/an/a |
| Max drawdown duration | FDLS MSSM | 13d13d | 46d49d | 219dn/a | n/an/a |
FDLS | MSSM | |
Last sale 3/13/2026 at 1:30 PM | $37.11 | $51.08 |
| Previous close 03/12/2026 | $36.78 | $51.25 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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FDLS | MSSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FDLS | MSSM | |
|---|---|---|
| Last price | $37.11 | $51.08 |
| 1D performance | +0.90% | -0.32% |
| AuM | $165.26 M | $699.97 M |
| E/R | 0.69% | 0.9% |
FDLS | MSSM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Inspire ETFs | Morgan Stanley |
| Benchmark | WI Fidelis Multi-Cap, Multi-Factor Index | - |
| N° of holdings | 87 | 1919 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 23, 2022 | December 9, 2024 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FDLS and MSSM ETFs performed in 2026?
As of March 11, 2026, FDLS is up 5.12% year-to-date (YTD), while MSSM has returned 3.72%. That puts FDLS better performer ahead so far this year.
Which ETF is attracting more investor money: FDLS or MSSM?
Year-to-date, the FDLS ETF saw +$33M in flows, compared to -$8M for MSSM.
Which ETF is more volatile: FDLS or MSSM?
Over the past year, FDLS had a volatility of 21.01%, while MSSM experienced 22.01%.
Which ETF is bigger: FDLS or MSSM?
As of March 11, 2026, FDLS holds $165.26 M in assets under management (AUM), while MSSM manages $699.97 M.
What sectors do the FDLS and MSSM ETFs invest in?
FDLS leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, MSSM focuses on Industrials, Information Technology and Financials.
What are the top holdings of the FDLS ETF and MSSM ETF?
FDLS top holdings include MKS INSTRUMENTS, INTERACTIVE BROKERS GROUP and NATIONAL ENERGY SERVICES REUNITED. MSSM holds in its top three: US04351P1012, TECHNIPFMC PLC and COMFORT SYSTEMS USA.
Which ETF is more diversified: FDLS or MSSM?
FDLS holds 89 securities with 18.11% of its assets in the top 15. MSSM has 1968 securities and a top 15 weight of 10.34%.
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