MSMLvsMSSMETF Comparison
ETF 1
MSML
iShares MSCI USA Small-Cap ETF
VS
iShares MSCI USA Small-Cap ETF (MSML) belongs to the segment. Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) is part of the US Multi-Factor segment. MSML's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, MSSM's top sector exposures are Finance, Technology and Healthcare. MSML is less expensive with a Total Expense Ratio (TER) of 0.04%, versus 0.89% for MSSM. MSML is up 12.52% year-to-date (YTD) with -$7M in YTD flows. MSSM performs better with 14.06% YTD performance, and -$79M in YTD flows. Run a side-by-side ETF comparison of MSML 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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MSML vs MSSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MSML MSSM | -2.83%-3.07% | -3.44%-5.28% | +12.52%+14.06% | +13.83%+16.09% | +65.41%n/a | +37.60%n/a |
| Flows | MSML MSSM | -+$6M | --$15M | -$7M-$79M | -$10M-$79M | -$25M- | -$23M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MSML MSSM | +11.93%+12.61% | +16.04%+17.41% | +19.35%n/a | +21.21%n/a |
| Max drawdown | MSML MSSM | -8.03%-8.45% | -9.38%-9.62% | -25.75%n/a | -30.04%n/a |
| Max drawdown duration | MSML MSSM | 50d47d | 65d46d | 289dn/a | 1067dn/a |
Trading data
MSML | MSSM | |
Last sale 10/5/2026 at 1:30 PM | $57.95 | |
| Previous close 10/02/2026 | $57.66 | |
| Consolidated volume 10/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 6, 2026
1-year trailing difference
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MSSM
is actively managed and doesn’t replicate an indexMSML | MSSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/5/2026 at 1:30 PM
Live
Closed
MSML | MSSM | |
|---|---|---|
| Last price | – | $57.95 |
| 1D performance | – | +0.51% |
| AuM | $275.31 M | $694.77 M |
| E/R | 0.04% | 0.89% |
Characteristics
MSML | MSSM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Morgan Stanley |
| Benchmark | MSCI Daily TR Gross Small Cap USA Index | - |
| N° of holdings | 1551 | 1802 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 28, 2004 | December 9, 2024 |
| ESG | Yes | No |
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Exposure
Countries
MSML
USA
96.82%
Other
3.18%
MSSM
USA
90.5%
Other
9.5%
Sectors
MSML
Finance
25.39%
Healthcare
15.31%
Technology
14.44%
Industrials
12.88%
Other
31.99%
MSSM
Finance
20.95%
Technology
15.86%
Healthcare
15.63%
Industrials
13.05%
Other
34.51%
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Diversification
MSML
Total weight of top 15 holdings out of 15
4.58%
MSSM
Total weight of top 15 holdings out of 15
8.68%
Top 15 holdings
Data as of August 31, 2026
MSML
Atlassian Corp.
0.48%
Okta, Inc.
0.46%
BlackRock Cash Funds - Treasury
0.38%
Roku, Inc.
0.32%
Guardant Health, Inc.
0.32%
Nutanix, Inc.
0.29%
Zebra Technologies Corp.
0.27%
Jones Lang LaSalle, Inc.
0.27%
Gen Digital, Inc.
0.27%
Guidewire Software, Inc.
0.26%
TransUnion
0.26%
Nordson Corp.
0.25%
Dynatrace, Inc.
0.25%
Reinsurance Group of America, Inc.
0.25%
Jazz Pharmaceuticals Plc
0.25%
MSSM
Ascendis Pharma A/S
0.89%
Dynatrace, Inc.
0.82%
TechnipFMC plc
0.67%
ViaSat, Inc.
0.63%
KBR, Inc.
0.63%
Regal Rexnord Corp.
0.53%
Avient Corp.
0.52%
IMAX Corp.
0.52%
Sprouts Farmers Market, Inc.
0.52%
Veeco Instruments, Inc.
0.51%
Brinker International, Inc.
0.50%
Plexus Corp.
0.50%
Haemonetics Corp.
0.49%
Life Time Group Holdings, Inc.
0.49%
Texas Capital Bancshares, Inc.
0.47%
Frequently asked questions about MSML and MSSM
How have the MSML and MSSM ETFs performed in 2026?
As of October 5, 2026, MSML is up 12.52% year-to-date (YTD), while MSSM has returned 14.06%. That puts MSSM better performer ahead so far this year.
Which ETF is attracting more investor money: MSML or MSSM?
Year-to-date, the MSML ETF saw -$7M in flows, compared to -$79M for MSSM.
Which ETF is more volatile: MSML or MSSM?
Over the past year, MSML had a volatility of 16.04%, while MSSM experienced 17.41%.
Which ETF is bigger: MSML or MSSM?
As of October 5, 2026, MSML holds $275.31 M in assets under management (AUM), while MSSM manages $694.77 M.
What sectors do the MSML and MSSM ETFs invest in?
MSML leans toward sectors like Finance, Healthcare and Technology. Meanwhile, MSSM focuses on Finance, Technology and Healthcare.
What are the top holdings of the MSML ETF and MSSM ETF?
MSML top holdings include Atlassian Corp., Okta, Inc. and BlackRock Cash Funds - Treasury. MSSM holds in its top three: Ascendis Pharma A/S, Dynatrace, Inc. and TechnipFMC plc.
Which ETF is more diversified: MSML or MSSM?
MSML holds 1566 securities with 4.58% of its assets in the top 15. MSSM has 1815 securities and a top 15 weight of 8.68%.
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