NBSMvsMSSMETF Comparison
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Neuberger Berman Small-Mid Cap ETF (NBSM) and Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) belong to the same industry segment: US Multi-Factor. NBSM's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, MSSM's top sector exposures are Finance, Technology and Healthcare. NBSM is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.89% for MSSM. NBSM is up 10.82% year-to-date (YTD) with -$110M in YTD flows. MSSM performs better with 14.02% YTD performance, and -$82M in YTD flows. Run a side-by-side ETF comparison of NBSM and MSSM 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 MSSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBSM MSSM | -4.95%-6.58% | +2.00%-4.18% | +10.82%+14.02% | +9.44%+17.69% | n/an/a | n/an/a |
| Flows | NBSM MSSM | -$709K+$3M | -$77M-$18M | -$110M-$82M | -$92M-$82M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBSM MSSM | +12.99%+13.62% | +14.23%+17.48% | n/an/a | n/an/a |
| Max drawdown | NBSM MSSM | -5.39%-6.98% | -10.22%-9.62% | n/an/a | n/an/a |
| Max drawdown duration | NBSM MSSM | 31d31d | 126d46d | n/an/a | n/an/a |
Trading data
NBSM | MSSM | |
Last sale 9/16/2026 at 1:30 PM | $27.94 | $57.73 |
| Previous close 09/16/2026 | $27.93 | $57.86 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/16/2026 at 1:30 PM
Live
Closed
NBSM | MSSM | |
|---|---|---|
| Last price | $27.94 | $57.73 |
| 1D performance | +0.04% | -0.21% |
| AuM | $109.57 M | $691.65 M |
| E/R | 0.75% | 0.89% |
Characteristics
NBSM | MSSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Neuberger Berman | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 77 | 1801 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 21, 2024 | December 9, 2024 |
| ESG | Yes | No |
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Exposure
Countries
NBSM
USA
95.17%
Other
4.83%
MSSM
USA
90.63%
Other
9.37%
Sectors
NBSM
Finance
22.69%
Industrials
18.49%
Non-Energy Materi.
10.16%
Technology
9.97%
Healthcare
9.48%
Other
29.21%
MSSM
Finance
21.3%
Technology
15.21%
Healthcare
14.69%
Industrials
13.77%
Other
35.02%
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Diversification
NBSM
Total weight of top 15 holdings out of 15
29.46%
MSSM
Total weight of top 15 holdings out of 15
9.05%
Top 15 holdings
Data as of July 31, 2026
NBSM
AptarGroup, Inc.
2.25%
Revvity, Inc.
2.24%
Gates Industrial Corp. Ltd.
2.19%
Haemonetics Corp.
2.19%
Kirby Corp.
2.07%
UMB Financial Corp.
2.06%
Community Financial System, Inc.
1.99%
White Mountains Insurance Group Ltd.
1.93%
UGI Corp.
1.85%
Stewart Information Services Corp.
1.81%
Prosperity Bancshares, Inc.
1.80%
Littelfuse, Inc.
1.80%
Jack Henry & Associates, Inc.
1.80%
Tidewater, Inc.
1.77%
CNX Resources Corp.
1.72%
MSSM
TechnipFMC plc
0.83%
Ascendis Pharma A/S
0.83%
ViaSat, Inc.
0.76%
Dynatrace, Inc.
0.66%
FTAI Aviation Ltd.
0.65%
KBR, Inc.
0.62%
Regal Rexnord Corp.
0.61%
Veeco Instruments, Inc.
0.58%
Sprouts Farmers Market, Inc.
0.54%
Plexus Corp.
0.51%
Life Time Group Holdings, Inc.
0.50%
Wintrust Financial Corp.
0.50%
Resideo Technologies, Inc.
0.49%
IMAX Corp.
0.49%
Texas Capital Bancshares, Inc.
0.49%
Frequently asked questions about NBSM and MSSM
How have the NBSM and MSSM ETFs performed in 2026?
As of September 16, 2026, NBSM is up 10.82% year-to-date (YTD), while MSSM has returned 14.02%. That puts MSSM better performer ahead so far this year.
Which ETF is attracting more investor money: NBSM or MSSM?
Year-to-date, the NBSM ETF saw -$110M in flows, compared to -$82M for MSSM.
Which ETF is more volatile: NBSM or MSSM?
Over the past year, NBSM had a volatility of 14.23%, while MSSM experienced 17.48%.
Which ETF is bigger: NBSM or MSSM?
As of September 16, 2026, NBSM holds $109.57 M in assets under management (AUM), while MSSM manages $691.65 M.
What sectors do the NBSM and MSSM ETFs invest in?
NBSM leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, MSSM focuses on Finance, Technology and Healthcare.
What are the top holdings of the NBSM ETF and MSSM ETF?
NBSM top holdings include AptarGroup, Inc., Revvity, Inc. and Gates Industrial Corp. Ltd.. MSSM holds in its top three: TechnipFMC plc, Ascendis Pharma A/S and ViaSat, Inc..
Which ETF is more diversified: NBSM or MSSM?
NBSM holds 77 securities with 29.46% of its assets in the top 15. MSSM has 1814 securities and a top 15 weight of 9.05%.
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