NBSMvsMSMLETF Comparison
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Neuberger Berman Small-Mid Cap ETF (NBSM) belongs to the US Multi-Factor segment. iShares MSCI USA Small-Cap ETF (MSML) is part of the US Small Cap segment. NBSM's top 3 sector exposures are Finance, Industrials and Healthcare. In contrast, MSML's top sector exposures are Finance, Technology and Healthcare. NBSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.04% for MSML. NBSM is up 15.69% year-to-date (YTD) with -$110M in YTD flows. MSML performs worse with 13.15% YTD performance, and -$7M in YTD flows. Run a side-by-side ETF comparison of NBSM and MSML 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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NBSM vs MSML performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBSM MSML | +5.22%+1.05% | +0.77%-3.06% | +15.69%+13.15% | +16.91%+15.81% | n/a+67.48% | n/a+30.92% |
| Flows | NBSM MSML | +$708K- | -$3M- | -$110M-$7M | -$93M-$10M | --$22M | --$23M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBSM MSML | +11.00%+12.49% | +13.94%+15.57% | n/a+19.17% | n/a+21.19% |
| Max drawdown | NBSM MSML | -7.55%-8.77% | -10.22%-9.38% | n/a-25.75% | n/a-30.04% |
| Max drawdown duration | NBSM MSML | 78d78d | 126d65d | n/a289d | n/a1067d |
Trading data
NBSM | MSML | |
Last sale 11/2/2026 at 2:30 PM | $29.18 | |
| Previous close 11/02/2026 | $28.73 | |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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NBSM
is actively managed and doesn’t replicate an indexNBSM | MSML | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
NBSM | MSML | |
|---|---|---|
| Last price | $29.18 | – |
| 1D performance | +1.55% | – |
| AuM | $115.11 M | $276.85 M |
| E/R | 0.75% | 0.04% |
Characteristics
NBSM | MSML | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Neuberger Berman | iShares |
| Benchmark | - | MSCI Daily TR Gross Small Cap USA Index |
| N° of holdings | 68 | 1545 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 21, 2024 | June 28, 2004 |
| ESG | Yes | No |
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Exposure
Countries
NBSM
USA
91.96%
Other
8.04%
MSML
USA
96.43%
Other
3.57%
Sectors
NBSM
Finance
22.16%
Industrials
16.34%
Healthcare
13.06%
Technology
10.75%
Non-Energy Materi.
8.57%
Other
29.11%
MSML
Finance
24.77%
Healthcare
15.49%
Technology
15.49%
Industrials
12.94%
Other
31.31%
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Diversification
NBSM
Total weight of top 15 holdings out of 15
31.64%
MSML
Total weight of top 15 holdings out of 15
4.85%
Top 15 holdings
Data as of September 30, 2026
NBSM
White Mountains Insurance Group Ltd.
2.68%
Revvity, Inc.
2.65%
Haemonetics Corp.
2.25%
Gates Industrial Corp. Ltd.
2.16%
Kirby Corp.
2.16%
MKS, Inc.
2.14%
UGI Corp.
2.10%
Hagerty, Inc.
2.04%
Ryan Specialty Holdings, Inc.
2.01%
Tidewater, Inc.
1.98%
Tyler Technologies, Inc.
1.95%
UMB Financial Corp.
1.93%
SPS Commerce, Inc.
1.90%
Community Financial System, Inc.
1.90%
Littelfuse, Inc.
1.81%
MSML
Okta, Inc.
0.58%
Atlassian Corp.
0.47%
Guardant Health, Inc.
0.38%
Roku, Inc.
0.33%
Nutanix, Inc.
0.31%
Zebra Technologies Corp.
0.30%
Rubrik, Inc.
0.29%
Best Buy Co., Inc.
0.29%
Revvity, Inc.
0.28%
Dynatrace, Inc.
0.28%
Semtech Corp.
0.28%
Nordson Corp.
0.27%
Bitmine Immersion Technologies, Inc.
0.26%
Reinsurance Group of America, Inc.
0.26%
HF Sinclair Corp.
0.26%
Frequently asked questions about NBSM and MSML
How have the NBSM and MSML ETFs performed in 2026?
As of November 2, 2026, NBSM is up 15.69% year-to-date (YTD), while MSML has returned 13.15%. That puts NBSM better performer ahead so far this year.
Which ETF is attracting more investor money: NBSM or MSML?
Year-to-date, the NBSM ETF saw -$110M in flows, compared to -$7M for MSML.
Which ETF is more volatile: NBSM or MSML?
Over the past year, NBSM had a volatility of 13.94%, while MSML experienced 15.57%.
Which ETF is bigger: NBSM or MSML?
As of November 2, 2026, NBSM holds $115.11 M in assets under management (AUM), while MSML manages $276.85 M.
What sectors do the NBSM and MSML ETFs invest in?
NBSM leans toward sectors like Finance, Industrials and Healthcare. Meanwhile, MSML focuses on Finance, Healthcare and Technology.
What are the top holdings of the NBSM ETF and MSML ETF?
NBSM top holdings include White Mountains Insurance Group Ltd., Revvity, Inc. and Haemonetics Corp.. MSML holds in its top three: Okta, Inc., Atlassian Corp. and Guardant Health, Inc..
Which ETF is more diversified: NBSM or MSML?
NBSM holds 68 securities with 31.64% of its assets in the top 15. MSML has 1560 securities and a top 15 weight of 4.85%.
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