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VBvsMSSMETF Comparison

ETF 1
VB

Vanguard Small Cap ETF

This fund is part of
US Small Cap
-1.92%
Full VB fund page
VS
ETF 2
MSSM

Morgan Stanley Pathway Small-Mid Cap Equity ETF

This fund is part of
US Multi-Factor
-1.26%
Full MSSM fund page

Vanguard Small Cap ETF (VB) belongs to the US Small Cap segment. Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) is part of the US Multi-Factor segment. Both ETFs have the same top 3 sector exposures: Industrials, Information Technology and Financials. VB is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.9% for MSSM. VB is up 1.14% year-to-date (YTD) with +$423M in YTD flows. MSSM performs better with 3.72% YTD performance, and -$8M in YTD flows. Run a side-by-side ETF comparison of VB 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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VB vs MSSM performance and flow charts

Performance

-6.0-4.0-2.00.0%Feb 11Feb 19Feb 26Mar 5Mar 12

Cumulative Flows

0100,000,000200,000,000300,000,000400,000,000Feb 11Feb 19Feb 26Mar 5Mar 12

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/12/2026
1M3MYTD1Y3Y5Y
Perf.
VB
MSSM
-4.49%-4.72%
-0.34%+0.31%
+1.14%+3.72%
+19.21%+25.25%
+49.53%n/a
+26.68%n/a
Flows
VB
MSSM
+$432M-
+$488M+$7M
+$423M-$8M
+$528M+$49M
+$9.74B-
+$15.60B-
Volatility and drawdown
3M1Y3Y5Y
Volatility
VB
MSSM
+16.19%+16.79%
+21.77%+22.01%
+18.88%n/a
+20.68%n/a
Max drawdown
VB
MSSM
-6.81%-5.51%
-15.79%-16.45%
-25.25%n/a
-28.14%n/a
Max drawdown duration
VB
MSSM
14d13d
46d49d
296dn/a
980dn/a
Trading data

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VB
MSSM
Last sale
3/13/2026 at 4:32 PM
$260.46
$51.12
Previous close
03/12/2026
$260.75
$51.25
Consolidated volume
03/12/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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MSSM
is actively managed and doesn’t replicate an index

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VB
MSSM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/13/2026 at 4:32 PM
Live
Closed
VB
MSSM
Last price
$260.46
$51.12
1D performance
-0.11%
-0.25%
AuM$70.18 B$699.97 M
E/R0.03%0.9%
Characteristics
VB
MSSM
Management strategyPassiveActive
ProviderVanguardMorgan Stanley
BenchmarkCRSP U.S. Small Cap Index-
N° of holdings11701919
Asset classEquities-
Trailing 12m distribution yield
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Inception dateJanuary 26, 2004December 9, 2024
ESGNoNo
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Exposure

Countries

VB
USA
92.72%
Other
7.28%
MSSM
USA
80.62%
Other
19.38%

Sectors

VB
Industrials
18.04%
Information Techn.
13.76%
Financials
11.75%
Health Care
10.95%
Consumer Discreti.
10.09%
Other
35.4%
MSSM
Industrials
19.85%
Information Techn.
16.54%
Financials
11.99%
Health Care
10.05%
Consumer Discreti.
8.53%
Other
33.04%
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Diversification

VB

Total weight of top 15 holdings out of 15

6.86%
MSSM

Total weight of top 15 holdings out of 15

10.34%

Top 15 holdings

Data as of January 31, 2026
VB
US80004C2008
1.06%
US7731211089
0.57%
COMFORT SYSTEMS USA
0.53%
CIENA
0.47%
US19247G1076
0.44%
EMCOR GROUP
0.43%
BLOOM ENERGY CORP
0.43%
NATERA
0.40%
NRG ENERGY
0.39%
KYG3730V1059
0.37%
LUMENTUM HOLDINGS
0.37%
SOFI TECHNOLOGIES INC
0.36%
ATMOS ENERGY
0.36%
TAPESTRY INC
0.34%
CHESAPEAKE ENERGY
0.34%
MSSM
US04351P1012
1.07%
TECHNIPFMC PLC
1.00%
COMFORT SYSTEMS USA
0.94%
VIASAT
0.91%
BLOOM ENERGY CORP
0.83%
ORMAT TECHNOLOGIES
0.67%
AERCAP HOLDINGS
0.60%
TOPBUILD CORP
0.57%
RAMBUS
0.56%
REGAL REXNORD CORP
0.56%
RESIDEO TECHNOLOGIES
0.55%
TEXAS CAPITAL
0.53%
ITT
0.52%
WINTRUST FINCL
0.52%
SEMTECH
0.52%
Frequently asked questions about VB and MSSM

How have the VB and MSSM ETFs performed in 2026?

As of March 12, 2026, VB is up 1.14% 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: VB or MSSM?

Year-to-date, the VB ETF saw +$423M in flows, compared to -$8M for MSSM.

Which ETF is more volatile: VB or MSSM?

Over the past year, VB had a volatility of 21.77%, while MSSM experienced 22.01%.

Which ETF is bigger: VB or MSSM?

As of March 12, 2026, VB holds $70.18 B in assets under management (AUM), while MSSM manages $699.97 M.

What sectors do the VB and MSSM ETFs invest in?

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

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

VB top holdings include US80004C2008, US7731211089 and COMFORT SYSTEMS USA. MSSM holds in its top three: US04351P1012, TECHNIPFMC PLC and COMFORT SYSTEMS USA.

Which ETF is more diversified: VB or MSSM?

VB holds 1315 securities with 6.86% of its assets in the top 15. MSSM has 1968 securities and a top 15 weight of 10.34%.

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