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MSSMvsSMLLETF 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

SMLL

Harbor Active Small Cap ETF

This fund is part of

US Small Cap

+0.36%

Full SMLL fund page

Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) belongs to the US Multi-Factor segment. Harbor Active Small Cap ETF (SMLL) is part of the US Small Cap segment. MSSM's top 3 sector exposures are Industrials, Information Technology and Financials. In contrast, SMLL's top sector exposures are Industrials, Financials and Information Technology. MSSM is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.8% for SMLL. MSSM is up 12.8% year-to-date (YTD) with -$41M in YTD flows. SMLL performs worse with 3.06% YTD performance, and -$985K in YTD flows. Run a side-by-side ETF comparison of MSSM and SMLL 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 SMLL 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 SMLL	+9.91%+7.60%	+5.26%-1.82%	+12.80%+3.06%	+40.13%+6.59%	n/an/a	n/an/a
Flows	MSSM SMLL	-$35M-$476K	-$33M+$38K	-$41M-$985K	-$32M-$1M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MSSM SMLL	+20.29%+18.23%	+17.35%+18.21%	n/an/a	n/an/a
Max drawdown	MSSM SMLL	-9.62%-11.14%	-9.62%-15.18%	n/an/a	n/an/a
Max drawdown duration	MSSM SMLL	46d88d	46d243d	n/an/a	n/an/a

Trading data

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	MSSM	SMLL
Last sale 4/27/2026 at 1:30 PM	$56.93	$20.57
Previous close 04/24/2026	$56.96	$20.48
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

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

Live

Closed

	MSSM	SMLL
Last price	$56.93	$20.57
1D performance	-0.05%	+0.40%
AuM	$724.19 M	$13.86 M
E/R	0.9%	0.8%

Characteristics

	MSSM	SMLL
Management strategy	Active	Active
Provider	Morgan Stanley	Harbor Capital
Benchmark	-	-
N° of holdings	1902	38
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 9, 2024	August 28, 2024
ESG	No	No

More MSSM data on Trackinsight

More SMLL data on Trackinsight

Exposure

Countries

MSSM

USA

79.68%

Other

20.32%

SMLL

USA

88.29%

Other

11.71%

Sectors

MSSM

Industrials

19.29%

Information Techn.

17.22%

Financials

11.21%

Health Care

9.3%

Consumer Discreti.

7.76%

Other

35.23%

SMLL

Industrials

23.93%

Financials

17.71%

Information Techn.

15.55%

Materials

8.13%

Other

34.68%

Diversification

MSSM

Total weight of top 15 holdings out of 15

10.47%

SMLL

Total weight of top 15 holdings out of 15

52.34%

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%

SMLL

POOL

4.87%

RELIANCE STEEL

4.64%

WINTRUST FINCL

3.97%

DOUGLAS DYNMCS

3.90%

REMITLY GLOBAL

3.64%

LIBERTY OILFIELD SERVICES

3.62%

MORNINGSTAR INC

3.59%

WILLSCOT MOBILE MINI HOLDINGS CORP

3.45%

SS+C TECHNOL

3.25%

UNITED BANKSHRS

3.19%

JANUS INTERNATIONAL GROUP INC

3.03%

PAYLOCITY HOLD/D

2.97%

FRESHWORKS

2.81%

ARTISAN PARTNERS ASSET MANAGEMENT INC

2.79%

HILLMAN SOLUTIONS CORP

2.62%

Frequently asked questions about MSSM and SMLL

How have the MSSM and SMLL ETFs performed in 2026?

As of April 24, 2026, MSSM is up 12.8% year-to-date (YTD), while SMLL has returned 3.06%. That puts MSSM better performer ahead so far this year.

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

Year-to-date, the MSSM ETF saw -$41M in flows, compared to -$985K for SMLL.

Which ETF is more volatile: MSSM or SMLL?

Over the past year, MSSM had a volatility of 17.35%, while SMLL experienced 18.21%.

Which ETF is bigger: MSSM or SMLL?

As of April 24, 2026, MSSM holds $724.19 M in assets under management (AUM), while SMLL manages $13.86 M.

What sectors do the MSSM and SMLL ETFs invest in?

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

MSSMvsSMLLETF Comparison

Morgan Stanley Pathway Small-Mid Cap Equity ETF

Harbor Active Small Cap ETF

MSSM vs SMLL 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 SMLL ETFs performed in 2026?

As of April 24, 2026, MSSM is up 12.8% year-to-date (YTD), while SMLL has returned 3.06%. That puts MSSM better performer ahead so far this year.

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

Year-to-date, the MSSM ETF saw -$41M in flows, compared to -$985K for SMLL.

Which ETF is more volatile: MSSM or SMLL?

Over the past year, MSSM had a volatility of 17.35%, while SMLL experienced 18.21%.

Which ETF is bigger: MSSM or SMLL?

As of April 24, 2026, MSSM holds $724.19 M in assets under management (AUM), while SMLL manages $13.86 M.

What sectors do the MSSM and SMLL ETFs invest in?

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

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

MSSM top holdings include COMFORT SYSTEMS USA, TECHNIPFMC PLC and US04351P1012. SMLL holds in its top three: POOL, RELIANCE STEEL and WINTRUST FINCL.

Which ETF is more diversified: MSSM or SMLL?

MSSM holds 1949 securities with 10.47% of its assets in the top 15. SMLL has 38 securities and a top 15 weight of 52.34%.

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