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MSSMvsSQLTETF 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

SQLT

iShares MSCI USA Small-Cap Quality Factor ETF

This fund is part of

US Multi-Factor

+0.52%

Full SQLT fund page

Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) and iShares MSCI USA Small-Cap Quality Factor ETF (SQLT) belong to the same industry segment: US Multi-Factor. MSSM's top 3 sector exposures are Industrials, Information Technology and Financials. In contrast, SQLT's top sector exposures are Industrials, Financials and Information Technology. MSSM is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.2% for SQLT. Run a side-by-side ETF comparison of MSSM and SQLT 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 SQLT 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 SQLT	+9.91%n/a	+5.26%n/a	+12.80%n/a	+40.13%n/a	n/an/a	n/an/a
Flows	MSSM SQLT	-$35M-	-$33M-	-$41M-	-$32M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MSSM SQLT	+20.29%n/a	+17.35%n/a	n/an/a	n/an/a
Max drawdown	MSSM SQLT	-9.62%n/a	-9.62%n/a	n/an/a	n/an/a
Max drawdown duration	MSSM SQLT	46dn/a	46dn/a	n/an/a	n/an/a

Trading data

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	MSSM	SQLT
Last sale 4/27/2026 at 1:30 PM	$56.94	$27.58
Previous close 04/24/2026	$56.96	$27.62
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 April 27, 2026

1-year trailing difference

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MSSM

is actively managed and doesn’t replicate an index

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	MSSM	SQLT
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	SQLT
Last price	$56.94	$27.58
1D performance	-0.04%	-0.14%
AuM	$724.19 M	$6.63 M
E/R	0.9%	0.2%

Characteristics

	MSSM	SQLT
Management strategy	Active	Passive
Provider	Morgan Stanley	iShares
Benchmark	-	MSCI USA Small Cap Sector Neutral Quality Index
N° of holdings	1902	452
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 9, 2024	March 31, 2026
ESG	No	No

More MSSM data on Trackinsight

More SQLT data on Trackinsight

Exposure

Countries

MSSM

USA

79.68%

Other

20.32%

SQLT

USA

95.8%

Other

4.2%

Sectors

MSSM

Industrials

19.29%

Information Techn.

17.22%

Financials

11.21%

Health Care

9.3%

Consumer Discreti.

7.76%

Other

35.23%

SQLT

Industrials

16.41%

Financials

15.59%

Information Techn.

14.77%

Health Care

12.28%

Consumer Discreti.

11.62%

Other

29.33%

Diversification

MSSM

Total weight of top 15 holdings out of 15

10.47%

SQLT

Total weight of top 15 holdings out of 15

12.06%

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%

SQLT

ROYAL GOLD

1.27%

NEW YORK TIMES

1.09%

FABRINET

1.02%

WOODWARD

0.87%

BWX TECHNOLOGIES INC

0.82%

CARPENTER TECHNOLOGY

0.81%

NFG

0.78%

EAST WEST BANCORP

0.75%

LINCOLN ELECTRIC HOLDINGS

0.71%

ITT

0.69%

AKAMAI TECHNOLOGIES

0.67%

EVERCORE INC

0.67%

MEDPACE HOLDINGS INC

0.66%

BJS WHOLESALE CLUB HOLDINGS INC

0.63%

US71424F1057

0.63%

Frequently asked questions about MSSM and SQLT

Which ETF is bigger: MSSM or SQLT?

As of April 24, 2026, MSSM holds $724.19 M in assets under management (AUM), while SQLT manages $6.63 M.

What sectors do the MSSM and SQLT ETFs invest in?

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

MSSMvsSQLTETF Comparison

Morgan Stanley Pathway Small-Mid Cap Equity ETF

iShares MSCI USA Small-Cap Quality Factor ETF

MSSM vs SQLT 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

Which ETF is bigger: MSSM or SQLT?

As of April 24, 2026, MSSM holds $724.19 M in assets under management (AUM), while SQLT manages $6.63 M.

What sectors do the MSSM and SQLT ETFs invest in?

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

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

MSSM top holdings include COMFORT SYSTEMS USA, TECHNIPFMC PLC and US04351P1012. SQLT holds in its top three: ROYAL GOLD, NEW YORK TIMES and FABRINET.

Which ETF is more diversified: MSSM or SQLT?

MSSM holds 1949 securities with 10.47% of its assets in the top 15. SQLT has 483 securities and a top 15 weight of 12.06%.

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