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MSSMvsESMLETF Comparison

ETF 1

MSSM

Morgan Stanley Pathway Small-Mid Cap Equity ETF

This fund is part of

US Multi-Factor

+0.52%

Full MSSM fund page

VS

ETF 2

ESML

iShares ESG Aware MSCI USA Small-Cap ETF

This fund is part of

US Small Cap

+0.36%

Full ESML fund page

Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) belongs to the US Multi-Factor segment. iShares ESG Aware MSCI USA Small-Cap ETF (ESML) is part of the US Small Cap segment. MSSM's top 3 sector exposures are Industrials, Information Technology and Financials. In contrast, ESML's top sector exposures are Industrials, Financials and Information Technology. MSSM is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.17% for ESML. MSSM is up 12.8% year-to-date (YTD) with -$41M in YTD flows. ESML performs worse with 11.54% YTD performance, and +$30M in YTD flows. Run a side-by-side ETF comparison of MSSM and ESML 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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MSSM vs ESML 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 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MSSM ESML	+9.91%+8.58%	+5.26%+4.30%	+12.80%+11.54%	+40.13%+38.64%	n/a+57.24%	n/a+34.99%
Flows	MSSM ESML	-$35M-$74M	-$33M-$9M	-$41M+$30M	-$32M-$6M	-+$204M	-+$987M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MSSM ESML	+20.29%+18.73%	+17.35%+17.17%	n/a+19.76%	n/a+21.29%
Max drawdown	MSSM ESML	-9.62%-9.05%	-9.62%-9.05%	n/a-26.61%	n/a-28.52%
Max drawdown duration	MSSM ESML	46d46d	46d46d	n/a296d	n/a980d

Trading data

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	MSSM	ESML
Last sale 4/27/2026 at 1:30 PM	$56.93	$51.25
Previous close 04/24/2026	$56.96	$51.15
Consolidated volume 04/24/2026
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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	MSSM	ESML
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	MSSM	ESML
Last price	$56.93	$51.25
1D performance	-0.05%	+0.20%
AuM	$724.19 M	$2.31 B
E/R	0.9%	0.17%

Characteristics

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

More MSSM data on Trackinsight

More ESML data on Trackinsight

Exposure

Countries

MSSM

USA

79.68%

Other

20.32%

ESML

USA

93.72%

Other

6.28%

Sectors

MSSM

Industrials

19.29%

Information Techn.

17.22%

Financials

11.21%

Health Care

9.3%

Consumer Discreti.

7.76%

Other

35.23%

ESML

Industrials

17.15%

Financials

13.64%

Information Techn.

13.18%

Health Care

12.02%

Consumer Discreti.

11.18%

Other

32.83%

Diversification

MSSM

Total weight of top 15 holdings out of 15

10.47%

ESML

Total weight of top 15 holdings out of 15

7.53%

Top 15 holdings

Data as of March 31, 2026

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%

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%

Frequently asked questions about MSSM and ESML

How have the MSSM and ESML ETFs performed in 2026?

As of April 24, 2026, MSSM is up 12.8% year-to-date (YTD), while ESML has returned 11.54%. That puts MSSM better performer ahead so far this year.

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

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

Which ETF is more volatile: MSSM or ESML?

Over the past year, MSSM had a volatility of 17.35%, while ESML experienced 17.17%.

Which ETF is bigger: MSSM or ESML?

As of April 24, 2026, MSSM holds $724.19 M in assets under management (AUM), while ESML manages $2.31 B.

What sectors do the MSSM and ESML ETFs invest in?

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

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

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

MSSMvsESMLETF Comparison

Morgan Stanley Pathway Small-Mid Cap Equity ETF

iShares ESG Aware MSCI USA Small-Cap ETF

MSSM vs ESML 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 MSSM and ESML ETFs performed in 2026?

As of April 24, 2026, MSSM is up 12.8% year-to-date (YTD), while ESML has returned 11.54%. That puts MSSM better performer ahead so far this year.

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

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

Which ETF is more volatile: MSSM or ESML?

Over the past year, MSSM had a volatility of 17.35%, while ESML experienced 17.17%.

Which ETF is bigger: MSSM or ESML?

As of April 24, 2026, MSSM holds $724.19 M in assets under management (AUM), while ESML manages $2.31 B.

What sectors do the MSSM and ESML ETFs invest in?

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

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

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

Which ETF is more diversified: MSSM or ESML?

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

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