MSSSvsSMLFETF Comparison
VS
Monarch Select Subsector Index ETF (MSSS) and iShares U.S. Small-Cap Equity Factor ETF (SMLF) belong to the same industry segment: US Multi-Factor. MSSS's top 3 sector exposures are Healthcare, Technology and Finance. In contrast, SMLF's top sector exposures are Finance, Technology and Healthcare. MSSS is more expensive with a Total Expense Ratio (TER) of 1.42%, versus 0.15% for SMLF. MSSS is up 18.86% year-to-date (YTD) with +$15M in YTD flows. SMLF performs worse with 12.41% YTD performance, and +$919M in YTD flows. Run a side-by-side ETF comparison of MSSS and SMLF 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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MSSS vs SMLF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MSSS SMLF | +2.14%-1.33% | +0.11%-3.83% | +18.86%+12.41% | +17.04%+14.86% | n/a+68.96% | n/a+60.43% |
| Flows | MSSS SMLF | +$1M+$63M | +$6M+$148M | +$15M+$919M | +$11M+$1.25B | -+$2.55B | -+$2.30B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MSSS SMLF | +11.45%+14.17% | +12.99%+16.96% | n/a+19.80% | n/a+21.08% |
| Max drawdown | MSSS SMLF | -7.67%-7.76% | -10.24%-8.74% | n/a-26.10% | n/a-26.10% |
| Max drawdown duration | MSSS SMLF | 60d61d | 45d81d | n/a266d | n/a266d |
Trading data
MSSS | SMLF | |
Last sale 10/16/2026 at 1:30 PM | $35.88 | $83.44 |
| Previous close 10/15/2026 | $35.85 | $84.66 |
| Consolidated volume 10/15/2026 | ||
| 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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MSSS | SMLF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MSSS | SMLF | |
|---|---|---|
| Last price | $35.88 | $83.44 |
| 1D performance | +0.08% | -1.44% |
| AuM | $151.16 M | $4.10 B |
| E/R | 1.42% | 0.15% |
Characteristics
MSSS | SMLF | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Monarch Fund | iShares |
| Benchmark | Monarch Select Subsector Index | STOXX U.S. Small-Cap Equity Factor USD Gross Return |
| N° of holdings | 492 | 886 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 6, 2024 | April 28, 2015 |
| ESG | No | No |
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Exposure
Countries
MSSS
USA
90.89%
Other
9.11%
SMLF
USA
93.32%
Other
6.68%
Sectors
MSSS
Healthcare
28.61%
Technology
21.88%
Finance
19.6%
Consumer Services
12.61%
Industrials
9.06%
Other
8.24%
SMLF
Finance
21.47%
Technology
17.91%
Healthcare
15.37%
Industrials
13.11%
Non-Energy Materi.
7.54%
Other
24.59%
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Diversification
MSSS
Total weight of top 15 holdings out of 15
17.51%
SMLF
Total weight of top 15 holdings out of 15
10.5%
Top 15 holdings
Data as of August 31, 2026
MSSS
UnitedHealth Group, Inc.
2.06%
Abbott Laboratories
1.90%
Meta Platforms, Inc.
1.70%
CVS Health Corp.
1.35%
Intuitive Surgical, Inc.
1.32%
Stryker Corp.
1.10%
The Travelers Cos., Inc.
1.06%
Alphabet, Inc.
1.04%
Marsh & McLennan Cos., Inc.
0.99%
The Progressive Corp.
0.95%
Aon Plc
0.91%
Chubb Ltd.
0.90%
Alphabet, Inc.
0.83%
Elevance Health, Inc.
0.72%
Willis Towers Watson Plc
0.68%
SMLF
Moderna, Inc.
0.92%
BlackRock Cash Funds - Treasury
0.91%
Interactive Brokers Group, Inc.
0.91%
EMCOR Group, Inc.
0.86%
nVent Electric Plc
0.78%
Flex Ltd.
0.74%
Natera, Inc.
0.73%
Jabil, Inc.
0.72%
Astera Labs, Inc.
0.66%
Williams-Sonoma, Inc.
0.60%
Credo Technology Group Holding Ltd.
0.55%
Mueller Industries, Inc.
0.54%
Tenet Healthcare Corp.
0.53%
Tapestry, Inc.
0.53%
Reliance, Inc.
0.52%
Frequently asked questions about MSSS and SMLF
How have the MSSS and SMLF ETFs performed in 2026?
As of October 15, 2026, MSSS is up 18.86% year-to-date (YTD), while SMLF has returned 12.41%. That puts MSSS better performer ahead so far this year.
Which ETF is attracting more investor money: MSSS or SMLF?
Year-to-date, the MSSS ETF saw +$15M in flows, compared to +$919M for SMLF.
Which ETF is more volatile: MSSS or SMLF?
Over the past year, MSSS had a volatility of 12.99%, while SMLF experienced 16.96%.
Which ETF is bigger: MSSS or SMLF?
As of October 15, 2026, MSSS holds $151.16 M in assets under management (AUM), while SMLF manages $4.10 B.
What sectors do the MSSS and SMLF ETFs invest in?
MSSS leans toward sectors like Healthcare, Technology and Finance. Meanwhile, SMLF focuses on Finance, Technology and Healthcare.
What are the top holdings of the MSSS ETF and SMLF ETF?
MSSS top holdings include UnitedHealth Group, Inc., Abbott Laboratories and Meta Platforms, Inc.. SMLF holds in its top three: Moderna, Inc., BlackRock Cash Funds - Treasury and Interactive Brokers Group, Inc..
Which ETF is more diversified: MSSS or SMLF?
MSSS holds 495 securities with 17.51% of its assets in the top 15. SMLF has 887 securities and a top 15 weight of 10.5%.
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