TSMEvsMSSMETF Comparison
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Thrivent Small-Mid Cap Equity ETF (TSME) and Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) belong to the same industry segment: US Multi-Factor. TSME's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, MSSM's top sector exposures are Industrials, Information Technology and Financials. TSME is less expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.9% for MSSM. TSME is up 18.88% year-to-date (YTD) with -$32M in YTD flows. MSSM performs worse with 18.05% YTD performance, and -$64M in YTD flows. Run a side-by-side ETF comparison of TSME 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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TSME vs MSSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSME MSSM | +3.81%+2.07% | +17.47%+13.81% | +18.88%+18.05% | +37.22%+34.07% | +77.26%n/a | n/an/a |
| Flows | TSME MSSM | +$16M-$23M | -$56M-$56M | -$32M-$64M | +$281M-$67M | +$545M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSME MSSM | +30.13%+21.38% | +21.96%+17.84% | +21.75%n/a | n/an/a |
| Max drawdown | TSME MSSM | -8.06%-4.91% | -14.69%-9.62% | -26.79%n/a | n/an/a |
| Max drawdown duration | TSME MSSM | 26d8d | 54d46d | 255dn/a | n/an/a |
Trading data
TSME | MSSM | |
Last sale 6/12/2026 at 7:11 PM | $49.91 | $60.30 |
| Previous close 06/11/2026 | $49.41 | $59.68 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/12/2026 at 7:11 PM
Live
Closed
TSME | MSSM | |
|---|---|---|
| Last price | $49.91 | $60.30 |
| 1D performance | +1.00% | +1.04% |
| AuM | $959.09 M | $734.00 M |
| E/R | 0.65% | 0.9% |
Characteristics
TSME | MSSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Thrivent Asset Management | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 53 | 1888 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 5, 2022 | December 9, 2024 |
| ESG | No | No |
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Exposure
Countries
TSME
USA
78.65%
Other
21.35%
MSSM
USA
79.85%
Other
20.15%
Sectors
TSME
Industrials
25.42%
Information Techn.
17.81%
Consumer Discreti.
12.85%
Financials
7.93%
Health Care
7.15%
Other
28.84%
MSSM
Industrials
19.56%
Information Techn.
18.15%
Financials
11.1%
Health Care
9.04%
Consumer Discreti.
7.76%
Other
34.39%
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Diversification
TSME
Total weight of top 15 holdings out of 15
38.41%
MSSM
Total weight of top 15 holdings out of 15
11.32%
Top 15 holdings
Data as of April 30, 2026
TSME
MODINE MNFC CO
3.55%
BEL FUSE
3.45%
US19247G1076
2.96%
CELESTICA
2.89%
LIMBACH HOLDINGS INC
2.81%
ELEMENT SOLUTIONS INC
2.74%
LITTELFUSE
2.52%
ENOVA INTERNATIONAL
2.50%
CECO ENVIRONMENTAL
2.35%
LSI INDUSTRIES
2.27%
AVANOS MEDICAL INC
2.21%
TURNING POINT BRANDS INC
2.16%
NVENT ELECTRIC PLC
2.09%
ONEMAIN HOLDINGS INC
1.96%
NEWPARK RSC
1.95%
MSSM
COMFORT SYSTEMS USA
1.29%
BLOOM ENERGY CORP
1.10%
TECHNIPFMC PLC
1.00%
CIENA
0.94%
US04351P1012
0.92%
VIASAT
0.76%
CREDO TECHNOLOGY GROUP HOLDING
0.70%
RESIDEO TECHNOLOGIES
0.62%
PLEXUS
0.61%
RAMBUS
0.61%
VEECO INSTRUMENTS
0.59%
REGAL REXNORD CORP
0.56%
ORMAT TECHNOLOGIES
0.55%
FABRINET
0.54%
ITT
0.53%
Frequently asked questions about TSME and MSSM
How have the TSME and MSSM ETFs performed in 2026?
As of June 11, 2026, TSME is up 18.88% year-to-date (YTD), while MSSM has returned 18.05%. That puts TSME better performer ahead so far this year.
Which ETF is attracting more investor money: TSME or MSSM?
Year-to-date, the TSME ETF saw -$32M in flows, compared to -$64M for MSSM.
Which ETF is more volatile: TSME or MSSM?
Over the past year, TSME had a volatility of 21.96%, while MSSM experienced 17.84%.
Which ETF is bigger: TSME or MSSM?
As of June 11, 2026, TSME holds $959.09 M in assets under management (AUM), while MSSM manages $734.00 M.
What sectors do the TSME and MSSM ETFs invest in?
TSME leans toward sectors like Industrials, Information Technology and Consumer Discretionary. Meanwhile, MSSM focuses on Industrials, Information Technology and Financials.
What are the top holdings of the TSME ETF and MSSM ETF?
TSME top holdings include MODINE MNFC CO, BEL FUSE and US19247G1076. MSSM holds in its top three: COMFORT SYSTEMS USA, BLOOM ENERGY CORP and TECHNIPFMC PLC.
Which ETF is more diversified: TSME or MSSM?
TSME holds 54 securities with 38.41% of its assets in the top 15. MSSM has 1932 securities and a top 15 weight of 11.32%.
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Latest news about TSME & MSSM
What's the Fund | Thrivent Small-Mid Cap Equity ETF (Ticker: TSME)
March 6, 2026
TSME
Putting The Pieces Together of a Small-Mid Cap ESG ETF
October 5, 2023
TSME
Exploring Actively Managed ETFs and Thrivent's SMID Cap Strategy
May 19, 2023
TSME
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Understanding US Multi-Factor Investing
May 9, 2023
TSME
Understanding US Multi-Factor Investing
May 9, 2023
TSME
Chad Miller on Thrivent's Small Mid Cap ESG ETF (TSME)
April 25, 2023
TSME
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