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SQLTvsMSMLETF Comparison

ETF 1

SQLT

iShares MSCI USA Small-Cap Quality Factor ETF

This fund is part of

US Multi-Factor

+0.56%

Full SQLT fund page

VS

ETF 2

MSML

iShares MSCI USA Small-Cap ETF

This fund is part of

US Small Cap

+0.43%

Full MSML fund page

iShares MSCI USA Small-Cap Quality Factor ETF (SQLT) belongs to the US Multi-Factor segment. iShares MSCI USA Small-Cap ETF (MSML) is part of the US Small Cap segment. SQLT's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, MSML's top sector exposures are Finance, Healthcare and Technology. SQLT is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.04% for MSML. Run a side-by-side ETF comparison of SQLT 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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SQLT vs MSML 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 10/26/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SQLT MSML	+1.59%+0.49%	-0.80%-3.03%	n/a+11.75%	n/a+11.88%	n/a+71.43%	n/a+32.49%
Flows	SQLT MSML	--	--	--$7M	--$10M	--$22M	--$23M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SQLT MSML	+10.85%+12.71%	n/a+15.53%	n/a+19.22%	n/a+21.24%
Max drawdown	SQLT MSML	-6.94%-8.77%	n/a-9.38%	n/a-25.75%	n/a-30.04%
Max drawdown duration	SQLT MSML	71d71d	n/a65d	n/a289d	n/a1067d

Trading data

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	SQLT	MSML
Last sale 10/27/2026 at 1:30 PM	$28.23
Previous close 10/26/2026	$28.18
Consolidated volume 10/26/2026
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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	SQLT	MSML
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/27/2026 at 1:30 PM

Live

Closed

	SQLT	MSML
Last price	$28.23	–
1D performance	+0.18%	–
AuM	$6.77 M	$273.44 M
E/R	0.2%	0.04%

Characteristics

	SQLT	MSML
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI USA Small Cap Sector Neutral Quality Index	MSCI Daily TR Gross Small Cap USA Index
N° of holdings	487	1551
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	March 31, 2026	June 28, 2004
ESG	No	No

More SQLT data on Trackinsight

More MSML data on Trackinsight

Exposure

Countries

SQLT

USA

97.96%

Other

2.04%

MSML

USA

96.82%

Other

3.18%

Sectors

SQLT

Finance

22.17%

Technology

18.59%

Healthcare

14.67%

Industrials

13.94%

Non-Energy Materi.

8.98%

Other

21.65%

MSML

Finance

25.39%

Healthcare

15.31%

Technology

14.44%

Industrials

12.88%

Other

31.99%

Diversification

SQLT

Total weight of top 15 holdings out of 15

11.88%

MSML

Total weight of top 15 holdings out of 15

4.58%

Top 15 holdings

Data as of August 31, 2026

SQLT

National Fuel Gas Co.

1.19%

Manhattan Associates, Inc.

0.96%

Royal Gold, Inc.

0.94%

TD SYNNEX Corp.

0.87%

East West Bancorp, Inc.

0.79%

Zebra Technologies Corp.

0.78%

Medpace Holdings, Inc.

0.77%

Woodward, Inc.

0.77%

Tenet Healthcare Corp.

0.75%

The New York Times Co.

0.70%

Exelixis, Inc.

0.68%

Onto Innovation, Inc.

0.67%

Jack Henry & Associates, Inc.

0.67%

BlackRock Cash Funds - Treasury

0.67%

Dynatrace, Inc.

0.67%

MSML

Atlassian Corp.

0.48%

Okta, Inc.

0.46%

BlackRock Cash Funds - Treasury

0.38%

Roku, Inc.

0.32%

Guardant Health, Inc.

0.32%

Nutanix, Inc.

0.29%

Zebra Technologies Corp.

0.27%

Jones Lang LaSalle, Inc.

0.27%

Gen Digital, Inc.

0.27%

Guidewire Software, Inc.

0.26%

TransUnion

0.26%

Nordson Corp.

0.25%

Dynatrace, Inc.

0.25%

Reinsurance Group of America, Inc.

0.25%

Jazz Pharmaceuticals Plc

0.25%

Frequently asked questions about SQLT and MSML

Which ETF is bigger: SQLT or MSML?

As of October 26, 2026, SQLT holds $6.77 M in assets under management (AUM), while MSML manages $273.44 M.

What sectors do the SQLT and MSML ETFs invest in?

SQLT leans toward sectors like Finance, Technology and Healthcare. Meanwhile, MSML focuses on Finance, Healthcare and Technology.

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

SQLT top holdings include National Fuel Gas Co., Manhattan Associates, Inc. and Royal Gold, Inc.. MSML holds in its top three: Atlassian Corp., Okta, Inc. and BlackRock Cash Funds - Treasury.

SQLTvsMSMLETF Comparison

iShares MSCI USA Small-Cap Quality Factor ETF

iShares MSCI USA Small-Cap ETF

SQLT vs MSML 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: SQLT or MSML?

As of October 26, 2026, SQLT holds $6.77 M in assets under management (AUM), while MSML manages $273.44 M.

What sectors do the SQLT and MSML ETFs invest in?

SQLT leans toward sectors like Finance, Technology and Healthcare. Meanwhile, MSML focuses on Finance, Healthcare and Technology.

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

SQLT top holdings include National Fuel Gas Co., Manhattan Associates, Inc. and Royal Gold, Inc.. MSML holds in its top three: Atlassian Corp., Okta, Inc. and BlackRock Cash Funds - Treasury.

Which ETF is more diversified: SQLT or MSML?

SQLT holds 490 securities with 11.88% of its assets in the top 15. MSML has 1566 securities and a top 15 weight of 4.58%.

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