IETC vs MSSM
Comparison between ISHARES U.S. TECH INDEPENDENCE FOCUSED ETF (IETC, ETF) and MORGAN STANLEY PATHWAY SMALL-MID CAP EQUITY ETF (MSSM, ETF).
IETC vs MSSM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IETC
$762M
MSSM
$762M
Expense Ratio
Winner
IETC
0.18%
MSSM
0.62%
Max Drawdown
IETC
38.92%
Winner
MSSM
24.18%
Sharpe Ratio
IETC
0.29
Winner
MSSM
1.34
5Y Beta
IETC
1.35
Winner
MSSM
1.04
P/E Ratio
Winner
IETC
39.14
MSSM
100.11
Forward P/E
IETC
21.01
Winner
MSSM
15.38
PEG Ratio
IETC
0.14
MSSM
N/A
5Y Dividends CAGR
IETC
14.16%
MSSM
N/A
5Y EPS CAGR
Winner
IETC
36.52%
MSSM
14.28%
Debt to Equity
Winner
IETC
-54.55%
MSSM
54.67%
P/S Ratio
IETC
7.14
Winner
MSSM
1.30
P/B Ratio
IETC
9.68
Winner
MSSM
2.46
IETC vs MSSM - Holdings Comparison
IETC and MSSM have 15 common holdings. Overlap is 1.41%
IETC's top 25 holdings weight is 79.69%. MSSM's top 25 holdings weight is 16.45%.
| Rank | IETC | MSSM |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 12.98% | US DOLLARS (n/a) - 2.65% |
| #2 | BROADCOM INC (AVGO) - 8.33% | COMFORT SYSTEMS USA INC (FIX) - 1.11% |
| #3 | MICRON TECHNOLOGY INC (MU) - 4.79% | ASCENDIS PHARMA AS ADR (ASND) - 0.96% |
| #4 | AMAZON.COM INC (AMZN) - 4.22% | KYNDRYL HOLDINGS INC ORDINARY SHARES (KD) - 0.83% |
| #5 | MICROSOFT CORP (MSFT) - 4.18% | RAMBUS INC (RMBS) - 0.68% |
| #6 | ADVANCED MICRO DEVICES INC (AMD) - 4.00% | CACI INTERNATIONAL INC CLASS A (CACI) - 0.64% |
| #7 | APPLE INC (AAPL) - 3.38% | REGAL REXNORD CORP (RRX) - 0.62% |
| #8 | n/a (PLTR) - 3.35% | FTAI AVIATION LTD (FTAI) - 0.60% |
| #9 | ALPHABET INC CLASS A (GOOGL) - 3.29% | BRINKER INTERNATIONAL INC (EAT) - 0.56% |
| #10 | ORACLE CORP (ORCL) - 3.24% | CIENA CORP (CIEN) - 0.54% |
| #11 | LAM RESEARCH CORP (LRCX) - 3.10% | AERCAP HOLDINGS NV (AER) - 0.53% |
| #12 | ALPHABET INC CLASS C (GOOG) - 2.73% | ITT INC (ITT) - 0.53% |
| #13 | CISCO SYSTEMS INC (CSCO) - 2.48% | ORMAT TECHNOLOGIES INC (ORA) - 0.52% |
| #14 | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 2.23% | WINTRUST FINANCIAL CORP (WTFC) - 0.51% |
| #15 | META PLATFORMS INC CLASS A (META) - 2.16% | DYNATRACE INC ORDINARY SHARES (DT) - 0.51% |
| #16 | ARISTA NETWORKS INC (ANET) - 2.05% | COMMVAULT SYSTEMS INC (CVLT) - 0.49% |
| #17 | FORTINET INC (FTNT) - 1.69% | n/a (n/a) - 0.49% |
| #18 | MARVELL TECHNOLOGY INC (MRVL) - 1.56% | TEXAS CAPITAL BANCSHARES INC (TCBI) - 0.49% |
| #19 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.52% | SEMTECH CORP (SMTC) - 0.48% |
| #20 | BOEING CO (BA) - 1.52% | INSMED INC (INSM) - 0.47% |
| #21 | VERISIGN INC (VRSN) - 1.51% | CASELLA WASTE SYSTEMS INC CLASS A (CWST) - 0.47% |
| #22 | MOODYS CORP (MCO) - 1.46% | CRITEO SA ADR (CRTO) - 0.46% |
| #23 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.44% | AVIENT CORP (AVNT) - 0.44% |
| #24 | INTERCONTINENTAL EXCHANGE INC (ICE) - 1.32% | BADGER METER INC (BMI) - 0.44% |
| #25 | SYNOPSYS INC (SNPS) - 1.16% | NEXTRACKER INC ORDINARY SHARES CLASS A (NXT) - 0.43% |
| Total Holdings | 105 | 1934 |
IETC vs MSSM - Historical Returns
Returns include dividend reinvestment.
1M
IETC
-4.04%
Winner
MSSM
-1.35%
3M
IETC
+2.90%
Winner
MSSM
+5.57%
6M
IETC
+5.44%
Winner
MSSM
+9.79%
1Y
IETC
+7.66%
Winner
MSSM
+29.99%
5Y(CAGR)
IETC
+13.83%
MSSM
N/A
10Y(CAGR)
IETC
+20.11%
MSSM
N/A
Max(CAGR)
Winner
IETC
+20.11%
MSSM
+14.43%
IETC vs MSSM - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | IETC | MSSM |
|---|---|---|
| 2026 | +3.59% | +16.98% |
| 2025 | +19.55% | +11.21% |
| 2024 | +40.36% | -5.83% |
| 2023 | +53.97% | N/A |
| 2022 | -33.14% | N/A |
| 2021 | +31.93% | N/A |
| 2020 | +43.99% | N/A |
| 2019 | +42.10% | N/A |
| 2018 | -3.49% | N/A |
IETC vs MSSM Drawdown Comparison
The maximum drawdown for IETC was -38.48%, occurring on Nov 3, 2022. Recovery took 496 trading sessions.
The maximum drawdown for MSSM was -24.18%, occurring on Apr 8, 2025. Recovery took 175 trading sessions.
The current IETC drawdown is -11.92%. The current MSSM drawdown is -3.14%.
| Rank | IETC | MSSM |
|---|---|---|
| #1 | -38.48% Dec 27, 2021 - Dec 15, 2023 | -24.18% Dec 9, 2024 - Aug 22, 2025 |
| #2 | -30.07% Feb 19, 2020 - Jun 5, 2020 | -9.50% Feb 10, 2026 - Apr 14, 2026 |
| #3 | -25.17% Feb 18, 2025 - Jun 10, 2025 | -7.11% Oct 27, 2025 - Dec 4, 2025 |
| #4 | -23.37% Aug 29, 2018 - Apr 2, 2019 | -4.35% May 6, 2026 - May 26, 2026 |
| #5 | -21.19% Oct 29, 2025 - May 14, 2026 | -4.14% Jun 30, 2026 - Jul 20, 2026 |
| #6 | -13.69% Jun 1, 2026 - Jul 17, 2026 | -3.84% Oct 6, 2025 - Oct 24, 2025 |
| #7 | -12.85% Sep 2, 2020 - Dec 8, 2020 | -3.71% Dec 11, 2025 - Jan 6, 2026 |
| #8 | -11.50% Jul 10, 2024 - Sep 19, 2024 | -3.26% Jan 22, 2026 - Feb 9, 2026 |
| #9 | -10.88% Apr 29, 2019 - Jul 2, 2019 | -3.16% Jun 4, 2026 - Jun 12, 2026 |
| #10 | -9.89% Feb 12, 2021 - Apr 8, 2021 | -2.47% Sep 18, 2025 - Oct 3, 2025 |
| #11 | -8.07% Jul 26, 2019 - Nov 8, 2019 | -2.28% Apr 20, 2026 - Apr 30, 2026 |
| #12 | -8.04% Mar 7, 2024 - May 28, 2024 | -1.74% Jun 15, 2026 - Jun 22, 2026 |
| #13 | -7.98% Apr 26, 2021 - Jun 11, 2021 | -1.63% Jan 15, 2026 - Jan 21, 2026 |
| #14 | -7.65% Sep 7, 2021 - Oct 29, 2021 | -1.52% Aug 28, 2025 - Sep 5, 2025 |
| #15 | -6.01% Dec 16, 2024 - Jan 22, 2025 | -1.37% Jun 22, 2026 - Jun 25, 2026 |
Correlation
Correlation between IETC and MSSM is 0.78 which considered as a strong positive correlation - the stocks tend to move together.
0.78
-101
Dividend Comparison (2018 - 2026)
IETC vs MSSM dividend yield comparison.
| Year | IETC | MSSM |
|---|---|---|
| 2026 | 0.18% | 0.00% |
| 2025 | 0.38% | 3.15% |
| 2024 | 0.52% | 0.00% |
| 2023 | 0.79% | 0.00% |
| 2022 | 0.92% | 0.00% |
| 2021 | 0.73% | 0.00% |
| 2020 | 0.48% | 0.00% |
| 2019 | 0.95% | 0.00% |
| 2018 | 1.27% | 0.00% |
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