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SMLFvsMSSMETF Comparison

ETF 1

SMLF

iShares U.S. Small-Cap Equity Factor ETF

This fund is part of

US Multi-Factor

-0.05%

Full SMLF fund page

VS

ETF 2

MSSM

Morgan Stanley Pathway Small-Mid Cap Equity ETF

This fund is part of

US Multi-Factor

-0.05%

Full MSSM fund page

iShares U.S. Small-Cap Equity Factor ETF (SMLF) and Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) belong to the same industry segment: US Multi-Factor. SMLF's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, MSSM's top sector exposures are Industrials, Information Technology and Financials. SMLF is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.9% for MSSM. SMLF is up 8.09% year-to-date (YTD) with +$489M in YTD flows. MSSM performs better with 11.03% YTD performance, and -$41M in YTD flows. Run a side-by-side ETF comparison of SMLF 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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SMLF vs MSSM 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 04/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SMLF MSSM	+10.45%+12.53%	+2.79%+3.81%	+8.09%+11.03%	+33.06%+37.35%	+66.00%n/a	+57.38%n/a
Flows	SMLF MSSM	+$48M-$35M	+$380M-$33M	+$489M-$41M	+$1.37B-$37M	+$1.98B-	+$1.95B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMLF MSSM	+20.41%+20.50%	+17.56%+17.42%	+19.94%n/a	+21.23%n/a
Max drawdown	SMLF MSSM	-8.71%-9.62%	-8.74%-9.62%	-26.10%n/a	-26.10%n/a
Max drawdown duration	SMLF MSSM	46d46d	81d46d	266dn/a	266dn/a

Trading data

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	SMLF	MSSM
Last sale 4/30/2026 at 4:48 PM	$81.89	$56.95
Previous close 04/29/2026	$80.65	$56.00
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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MSSM

is actively managed and doesn’t replicate an index

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	SMLF	MSSM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/30/2026 at 4:48 PM

Live

Closed

	SMLF	MSSM
Last price	$81.89	$56.95
1D performance	+1.53%	+1.70%
AuM	$3.56 B	$712.79 M
E/R	0.15%	0.9%

Characteristics

	SMLF	MSSM
Management strategy	Passive	Active
Provider	iShares	Morgan Stanley
Benchmark	STOXX U.S. Small-Cap Equity Factor USD Gross Return	-
N° of holdings	792	1902
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	April 28, 2015	December 9, 2024
ESG	No	No

More SMLF data on Trackinsight

More MSSM data on Trackinsight

Exposure

Countries

SMLF

USA

90.67%

Other

9.33%

MSSM

USA

79.68%

Other

20.32%

Sectors

SMLF

Industrials

16.29%

Financials

14.3%

Information Techn.

13.5%

Health Care

12.77%

Consumer Discreti.

11.28%

Other

31.87%

MSSM

Industrials

19.29%

Information Techn.

17.22%

Financials

11.21%

Health Care

9.3%

Consumer Discreti.

7.76%

Other

35.23%

Diversification

SMLF

Total weight of top 15 holdings out of 15

9.95%

MSSM

Total weight of top 15 holdings out of 15

10.47%

Top 15 holdings

Data as of March 31, 2026

SMLF

EMCOR GROUP

1.20%

US0669224778

0.95%

NVENT ELECTRIC PLC

0.76%

JABIL CIRCUIT

0.75%

INTERACTIVE BROKERS GROUP

0.72%

TAPESTRY INC

0.70%

MUELLER INDUSTRIES

0.62%

STERLING INFRASTRUCTURE INC

0.59%

UTD THERAPEUT

0.58%

WILLIAMS SONOMA

0.54%

FLEX LTD

0.53%

INSMED

0.52%

NATERA

0.52%

IDACORP

0.49%

RELIANCE STEEL

0.47%

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%

Frequently asked questions about SMLF and MSSM

How have the SMLF and MSSM ETFs performed in 2026?

As of April 29, 2026, SMLF is up 8.09% year-to-date (YTD), while MSSM has returned 11.03%. That puts MSSM better performer ahead so far this year.

Which ETF is attracting more investor money: SMLF or MSSM?

Year-to-date, the SMLF ETF saw +$489M in flows, compared to -$41M for MSSM.

Which ETF is more volatile: SMLF or MSSM?

Over the past year, SMLF had a volatility of 17.56%, while MSSM experienced 17.42%.

Which ETF is bigger: SMLF or MSSM?

As of April 29, 2026, SMLF holds $3.56 B in assets under management (AUM), while MSSM manages $712.79 M.

What sectors do the SMLF and MSSM ETFs invest in?

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

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

SMLF top holdings include EMCOR GROUP, US0669224778 and NVENT ELECTRIC PLC. MSSM holds in its top three: COMFORT SYSTEMS USA, TECHNIPFMC PLC and US04351P1012.

SMLFvsMSSMETF Comparison

iShares U.S. Small-Cap Equity Factor ETF

Morgan Stanley Pathway Small-Mid Cap Equity ETF

SMLF vs MSSM 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

How have the SMLF and MSSM ETFs performed in 2026?

As of April 29, 2026, SMLF is up 8.09% year-to-date (YTD), while MSSM has returned 11.03%. That puts MSSM better performer ahead so far this year.

Which ETF is attracting more investor money: SMLF or MSSM?

Year-to-date, the SMLF ETF saw +$489M in flows, compared to -$41M for MSSM.

Which ETF is more volatile: SMLF or MSSM?

Over the past year, SMLF had a volatility of 17.56%, while MSSM experienced 17.42%.

Which ETF is bigger: SMLF or MSSM?

As of April 29, 2026, SMLF holds $3.56 B in assets under management (AUM), while MSSM manages $712.79 M.

What sectors do the SMLF and MSSM ETFs invest in?

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

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

SMLF top holdings include EMCOR GROUP, US0669224778 and NVENT ELECTRIC PLC. MSSM holds in its top three: COMFORT SYSTEMS USA, TECHNIPFMC PLC and US04351P1012.

Which ETF is more diversified: SMLF or MSSM?

SMLF holds 892 securities with 9.95% of its assets in the top 15. MSSM has 1949 securities and a top 15 weight of 10.47%.

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