Morgan Stanley Pathway Small-Mid Cap Equity ETF
The ETF.net MSSM Grade
C
Score 51 out of 100
- 21 of 47
Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C41 out of 100Rank 28 of 47Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D31 out of 100Rank 35 of 44Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 16 of 47Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A90 out of 100Rank 2 of 47Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 6 of 47
MSSM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
MSSM$11,711
Returns run to the Nov 3, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MSSM |
|---|---|
| Year to date | +15.2% |
| 1 month | +1.1% |
| 3 months | −3.2% |
| 1 year | +17.1% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MSSM |
|---|---|---|
| 2026 YTD | +15.2% | |
| 2025 | +11.3% | |
| 2024 | −5.7% |
MSSM in the news
MSSM Dividends
- $1.60 per share
- Irregular
Distribution data unavailable.
Distribution history
$10,000 in MSSM 1 year ago paid $312 in dividends.
MSSM Risk
- 15.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.65
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
MSSM Cost
Overpaying vs AVMC, cheapest in US Active Small/Mid-Cap
$8,430
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
MSSM 0.62%
$12,179
AVMC 0.18% Cheapest
$3,749
Cost over time
Year by year
| Year | MSSM | AVMC | Overpaying |
|---|---|---|---|
| 10 | $1,111 | $328 | $783 |
| 20 | $4,246 | $1,281 | $2,965 |
| 30 | $12,179 | $3,749 | $8,430 |
You pay 0.62%Waived by Morgan Stanley 0.27%
Full fee 0.89% waiver 0.27% you pay 0.62%
Other funds in US Active Small/Mid-Cap
- BAFMCFirst Trust Active Factor Mid Cap ETFExpense ratio 0.68%1 year return +22.1%
- CDSMCDistillate Small/Mid Cash Flow ETFExpense ratio 0.55%1 year return +32.3%
- CRNINBushido Capital US SMID Cap Equity ETFExpense ratio 0.68%1 year return +43.9%
- CIVSSApplied Finance IVS US SMID ETFExpense ratio 0.59%1 year return
- CAMIDArgent Mid Cap ETFExpense ratio 0.52%1 year return +6.3%