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TSMEvsMSSMETF Comparison
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 1.2% year-to-date (YTD) with +$24M in YTD flows. MSSM performs better with 3.72% YTD performance, and -$8M 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.
TSME vs MSSM performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSME MSSM | -9.63%-4.72% | -2.91%+0.31% | +1.20%+3.72% | +27.13%+25.25% | +57.89%n/a | n/an/a |
| Flows | TSME MSSM | +$10M- | +$106M+$7M | +$24M-$8M | +$474M+$49M | +$621M- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSME MSSM | +19.97%+16.79% | +23.87%+22.01% | +20.84%n/a | n/an/a |
| Max drawdown | TSME MSSM | -10.74%-5.51% | -15.37%-16.45% | -26.79%n/a | n/an/a |
| Max drawdown duration | TSME MSSM | 17d13d | 46d49d | 255dn/a | n/an/a |
TSME | MSSM | |
Last sale 3/13/2026 at 1:30 PM | $40.71 | $51.14 |
| Previous close 03/12/2026 | $40.80 | $51.25 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
TSME | MSSM | |
|---|---|---|
| Last price | $40.71 | $51.14 |
| 1D performance | -0.22% | -0.21% |
| AuM | $867.39 M | $699.97 M |
| E/R | 0.65% | 0.9% |
TSME | MSSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Thrivent Asset Management | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 57 | 1919 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 5, 2022 | December 9, 2024 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the TSME and MSSM ETFs performed in 2026?
As of March 11, 2026, TSME is up 1.2% year-to-date (YTD), while MSSM has returned 3.72%. 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 +$24M in flows, compared to -$8M for MSSM.
Which ETF is more volatile: TSME or MSSM?
Over the past year, TSME had a volatility of 23.87%, while MSSM experienced 22.01%.
Which ETF is bigger: TSME or MSSM?
As of March 11, 2026, TSME holds $867.39 M in assets under management (AUM), while MSSM manages $699.97 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 BEL FUSE, MODINE MNFC CO and CECO ENVIRONMENTAL. MSSM holds in its top three: US04351P1012, TECHNIPFMC PLC and COMFORT SYSTEMS USA.
Which ETF is more diversified: TSME or MSSM?
TSME holds 58 securities with 33.7% of its assets in the top 15. MSSM has 1968 securities and a top 15 weight of 10.34%.
What's the Fund | Thrivent Small-Mid Cap Equity ETF (Ticker: TSME)
Putting The Pieces Together of a Small-Mid Cap ESG ETF
Exploring Actively Managed ETFs and Thrivent's SMID Cap Strategy
Understanding US Multi-Factor Investing
Understanding US Multi-Factor Investing
Chad Miller on Thrivent's Small Mid Cap ESG ETF (TSME)
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