MSSMvsSMMDETF Comparison
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Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) and iShares Russell 2500 ETF (SMMD) belong to the same industry segment: US Multi-Factor. MSSM's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, SMMD's top sector exposures are Finance, Healthcare and Industrials. MSSM is more expensive with a Total Expense Ratio (TER) of 0.89%, versus 0.23% for SMMD. MSSM is up 14.55% year-to-date (YTD) with -$79M in YTD flows. SMMD performs better with 16.44% YTD performance, and +$1.59B in YTD flows. Run a side-by-side ETF comparison of MSSM and SMMD 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 SMMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MSSM SMMD | +1.58%+0.68% | -3.01%-3.17% | +14.55%+16.44% | +14.13%+15.92% | n/a+78.64% | n/a+40.70% |
| Flows | MSSM SMMD | -+$51M | +$6M+$711M | -$79M+$1.59B | -$64M+$1.94B | -+$2.66B | -+$3.13B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MSSM SMMD | +13.29%+12.97% | +16.99%+17.01% | n/a+19.18% | n/a+20.90% |
| Max drawdown | MSSM SMMD | -9.43%-9.29% | -9.62%-9.48% | n/a-25.55% | n/a-28.20% |
| Max drawdown duration | MSSM SMMD | 72d72d | 46d43d | n/a283d | n/a980d |
Trading data
MSSM | SMMD | |
Last sale 10/28/2026 at 1:30 PM | $58.11 | $86.86 |
| Previous close 10/27/2026 | $57.97 | $86.50 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MSSM
is actively managed and doesn’t replicate an indexMSSM | SMMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
MSSM | SMMD | |
|---|---|---|
| Last price | $58.11 | $86.86 |
| 1D performance | +0.25% | +0.42% |
| AuM | $697.81 M | $4.15 B |
| E/R | 0.89% | 0.23% |
Characteristics
MSSM | SMMD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Morgan Stanley | iShares |
| Benchmark | - | Russell 2500 Index |
| N° of holdings | 1802 | 504 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 9, 2024 | July 6, 2017 |
| ESG | No | No |
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Exposure
Countries
MSSM
USA
90.5%
Other
9.5%
SMMD
USA
95.07%
Other
4.93%
Sectors
MSSM
Finance
20.95%
Technology
15.86%
Healthcare
15.63%
Industrials
13.05%
Other
34.51%
SMMD
Finance
24.58%
Healthcare
15.12%
Industrials
13.67%
Technology
13.37%
Non-Energy Materi.
8.27%
Other
25%
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Diversification
MSSM
Total weight of top 15 holdings out of 15
8.68%
SMMD
Total weight of top 15 holdings out of 15
45.19%
Top 15 holdings
Data as of August 31, 2026
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%
SMMD
US4642876555
40.96%
ATI, Inc.
0.37%
nVent Electric Plc
0.33%
F5, Inc.
0.31%
US Foods Holding Corp.
0.31%
Carpenter Technology Corp.
0.31%
Tenet Healthcare Corp.
0.31%
SoFi Technologies, Inc.
0.31%
Royal Gold, Inc.
0.30%
Coeur Mining, Inc.
0.29%
Affirm Holdings, Inc.
0.28%
Roku, Inc.
0.28%
Packaging Corporation of America
0.28%
Guardant Health, Inc.
0.28%
Woodward, Inc.
0.27%
Frequently asked questions about MSSM and SMMD
How have the MSSM and SMMD ETFs performed in 2026?
As of October 27, 2026, MSSM is up 14.55% year-to-date (YTD), while SMMD has returned 16.44%. That puts SMMD better performer ahead so far this year.
Which ETF is attracting more investor money: MSSM or SMMD?
Year-to-date, the MSSM ETF saw -$79M in flows, compared to +$1.59B for SMMD.
Which ETF is more volatile: MSSM or SMMD?
Over the past year, MSSM had a volatility of 16.99%, while SMMD experienced 17.01%.
Which ETF is bigger: MSSM or SMMD?
As of October 27, 2026, MSSM holds $697.81 M in assets under management (AUM), while SMMD manages $4.15 B.
What sectors do the MSSM and SMMD ETFs invest in?
MSSM leans toward sectors like Finance, Technology and Healthcare. Meanwhile, SMMD focuses on Finance, Healthcare and Industrials.
What are the top holdings of the MSSM ETF and SMMD ETF?
MSSM top holdings include Ascendis Pharma A/S, Dynatrace, Inc. and TechnipFMC plc. SMMD holds in its top three: US4642876555, ATI, Inc. and nVent Electric Plc.
Which ETF is more diversified: MSSM or SMMD?
MSSM holds 1815 securities with 8.68% of its assets in the top 15. SMMD has 2460 securities and a top 15 weight of 45.19%.
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