MSSMvsAFMCETF Comparison
VS
Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) and First Trust Active Factor Mid Cap ETF (AFMC) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Industrials, Information Technology and Financials. MSSM is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.65% for AFMC. MSSM is up 19.12% year-to-date (YTD) with -$64M in YTD flows. AFMC performs worse with 18.47% YTD performance, and +$52M in YTD flows. Run a side-by-side ETF comparison of MSSM and AFMC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MSSM vs AFMC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MSSM AFMC | +3.97%+4.42% | +17.36%+15.39% | +19.12%+18.47% | +35.55%+30.31% | n/a+73.72% | n/a+67.42% |
| Flows | MSSM AFMC | -$23M+$10M | -$56M+$17M | -$64M+$52M | -$67M+$77M | -+$134M | -+$137M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MSSM AFMC | +20.87%+17.09% | +17.85%+15.27% | n/a+17.60% | n/a+19.42% |
| Max drawdown | MSSM AFMC | -4.91%-3.94% | -9.62%-8.15% | n/a-21.83% | n/a-25.69% |
| Max drawdown duration | MSSM AFMC | 8d19d | 46d47d | n/a289d | n/a752d |
Trading data
MSSM | AFMC | |
Last sale 6/12/2026 at 1:30 PM | $60.20 | $40.73 |
| Previous close 06/11/2026 | $59.68 | $40.38 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
MSSM | AFMC | |
|---|---|---|
| Last price | $60.20 | $40.73 |
| 1D performance | +0.88% | +0.87% |
| AuM | $740.65 M | $170.99 M |
| E/R | 0.9% | 0.65% |
Characteristics
MSSM | AFMC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Morgan Stanley | First Trust |
| Benchmark | - | - |
| N° of holdings | 1888 | 261 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 9, 2024 | December 3, 2019 |
| ESG | No | No |
Advertisement
Exposure
Countries
MSSM
USA
79.85%
Other
20.15%
AFMC
USA
90.49%
Other
9.51%
Sectors
MSSM
Industrials
19.56%
Information Techn.
18.15%
Financials
11.1%
Health Care
9.04%
Consumer Discreti.
7.76%
Other
34.39%
AFMC
Industrials
21.71%
Information Techn.
17.52%
Financials
14.1%
Consumer Discreti.
11.56%
Health Care
8.99%
Other
26.13%
Diversification
MSSM
Total weight of top 15 holdings out of 15
11.32%
AFMC
Total weight of top 15 holdings out of 15
16.84%
Top 15 holdings
Data as of April 30, 2026
MSSM
COMFORT SYSTEMS USA
1.29%
BLOOM ENERGY CORP
1.10%
TECHNIPFMC PLC
1.00%
CIENA
0.94%
US04351P1012
0.92%
VIASAT
0.76%
CREDO TECHNOLOGY GROUP HOLDING
0.70%
RESIDEO TECHNOLOGIES
0.62%
PLEXUS
0.61%
RAMBUS
0.61%
VEECO INSTRUMENTS
0.59%
REGAL REXNORD CORP
0.56%
ORMAT TECHNOLOGIES
0.55%
FABRINET
0.54%
ITT
0.53%
AFMC
TECHNIPFMC PLC
1.54%
MUELLER INDUSTRIES
1.46%
CASEYS GENERAL STORES
1.41%
FLEX LTD
1.22%
BORGWARNER
1.16%
FEDERATED HERMES
1.13%
EXELIXIS
1.08%
RENAISSANCERE
1.08%
CURTISS WRIGHT
1.03%
COMFORT SYSTEMS USA
1.00%
NFG
0.97%
JABIL CIRCUIT
0.95%
AFFILIATED MANAGERS GROUP
0.95%
WOODWARD
0.94%
ALCOA CORP
0.90%
Frequently asked questions about MSSM and AFMC
How have the MSSM and AFMC ETFs performed in 2026?
As of June 12, 2026, MSSM is up 19.12% year-to-date (YTD), while AFMC has returned 18.47%. That puts MSSM better performer ahead so far this year.
Which ETF is attracting more investor money: MSSM or AFMC?
Year-to-date, the MSSM ETF saw -$64M in flows, compared to +$52M for AFMC.
Which ETF is more volatile: MSSM or AFMC?
Over the past year, MSSM had a volatility of 17.85%, while AFMC experienced 15.27%.
Which ETF is bigger: MSSM or AFMC?
As of June 12, 2026, MSSM holds $740.65 M in assets under management (AUM), while AFMC manages $170.99 M.
What sectors do the MSSM and AFMC ETFs invest in?
MSSM leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, AFMC focuses on Industrials, Information Technology and Financials.
What are the top holdings of the MSSM ETF and AFMC ETF?
MSSM top holdings include COMFORT SYSTEMS USA, BLOOM ENERGY CORP and TECHNIPFMC PLC. AFMC holds in its top three: TECHNIPFMC PLC, MUELLER INDUSTRIES and CASEYS GENERAL STORES.
Which ETF is more diversified: MSSM or AFMC?
MSSM holds 1932 securities with 11.32% of its assets in the top 15. AFMC has 261 securities and a top 15 weight of 16.84%.
Advertisement
Advertisement
