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 Technology, Industrials and Healthcare. In contrast, MSSM's top sector exposures are Finance, Technology and Healthcare. TSME is less expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.89% for MSSM. TSME is up 10.42% year-to-date (YTD) with -$30M in YTD flows. MSSM performs better with 15.02% YTD performance, and -$79M 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 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSME MSSM | +0.39%+1.99% | -4.16%-2.79% | +10.42%+15.02% | +8.26%+15.41% | +81.52%n/a | n/an/a |
| Flows | TSME MSSM | +$18M- | -$28M+$6M | -$30M-$79M | +$154M-$64M | +$549M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSME MSSM | +21.60%+13.31% | +23.40%+16.97% | +22.33%n/a | n/an/a |
| Max drawdown | TSME MSSM | -13.60%-9.43% | -15.13%-9.62% | -26.79%n/a | n/an/a |
| Max drawdown duration | TSME MSSM | 72d73d | 120d46d | 255dn/a | n/an/a |
Trading data
TSME | MSSM | |
Last sale 10/29/2026 at 1:30 PM | $46.99 | $58.85 |
| Previous close 10/28/2026 | $46.03 | $58.12 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
TSME | MSSM | |
|---|---|---|
| Last price | $46.99 | $58.85 |
| 1D performance | +2.09% | +1.26% |
| AuM | $890.83 M | $700.63 M |
| E/R | 0.65% | 0.89% |
Characteristics
TSME | MSSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Thrivent Asset Management | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 65 | 1802 |
| 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
87.09%
Other
12.91%
MSSM
USA
90.5%
Other
9.5%
Sectors
TSME
Technology
23.86%
Industrials
21.69%
Healthcare
12.77%
Finance
11.18%
Consumer Non-Cycl.
7.89%
Non-Energy Materi.
7.44%
Other
15.16%
MSSM
Finance
20.95%
Technology
15.86%
Healthcare
15.63%
Industrials
13.05%
Other
34.51%
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Diversification
TSME
Total weight of top 15 holdings out of 15
32.95%
MSSM
Total weight of top 15 holdings out of 15
8.68%
Top 15 holdings
Data as of August 31, 2026
TSME
SharkNinja, Inc.
3.08%
Enova International, Inc.
2.83%
Littelfuse, Inc.
2.47%
Turning Point Brands, Inc.
2.27%
Bel Fuse, Inc.
2.23%
Ryder System, Inc.
2.18%
LSI Industries, Inc.
2.17%
InterDigital, Inc.
2.16%
OneMain Holdings, Inc.
2.10%
Federal Agricultural Mortgage Corp.
2.09%
CECO Environmental Corp.
1.95%
GeneDx Holdings Corp.
1.93%
Installed Building Products, Inc.
1.86%
Climb Global Solutions, Inc.
1.83%
Viking Holdings Ltd. (Bermuda)
1.80%
MSSM
Ascendis Pharma A/S
0.89%
Dynatrace, Inc.
0.82%
TechnipFMC plc
0.67%
ViaSat, Inc.
0.63%
KBR, Inc.
0.63%
Regal Rexnord Corp.
0.53%
Avient Corp.
0.52%
IMAX Corp.
0.52%
Sprouts Farmers Market, Inc.
0.52%
Veeco Instruments, Inc.
0.51%
Brinker International, Inc.
0.50%
Plexus Corp.
0.50%
Haemonetics Corp.
0.49%
Life Time Group Holdings, Inc.
0.49%
Texas Capital Bancshares, Inc.
0.47%
Frequently asked questions about TSME and MSSM
How have the TSME and MSSM ETFs performed in 2026?
As of October 28, 2026, TSME is up 10.42% year-to-date (YTD), while MSSM has returned 15.02%. That puts MSSM better performer ahead so far this year.
Which ETF is attracting more investor money: TSME or MSSM?
Year-to-date, the TSME ETF saw -$30M in flows, compared to -$79M for MSSM.
Which ETF is more volatile: TSME or MSSM?
Over the past year, TSME had a volatility of 23.4%, while MSSM experienced 16.97%.
Which ETF is bigger: TSME or MSSM?
As of October 28, 2026, TSME holds $890.83 M in assets under management (AUM), while MSSM manages $700.63 M.
What sectors do the TSME and MSSM ETFs invest in?
TSME leans toward sectors like Technology, Industrials and Healthcare. Meanwhile, MSSM focuses on Finance, Technology and Healthcare.
What are the top holdings of the TSME ETF and MSSM ETF?
TSME top holdings include SharkNinja, Inc., Enova International, Inc. and Littelfuse, Inc.. MSSM holds in its top three: Ascendis Pharma A/S, Dynatrace, Inc. and TechnipFMC plc.
Which ETF is more diversified: TSME or MSSM?
TSME holds 65 securities with 32.95% of its assets in the top 15. MSSM has 1815 securities and a top 15 weight of 8.68%.
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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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