MSLC vs TSPA
Comparison between MORGAN STANLEY PATHWAY LARGE CAP EQUITY ETF (MSLC, ETF) and T. ROWE PRICE U.S. EQUITY RESEARCH ETF (TSPA, ETF).
MSLC vs TSPA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MSLC
$4B
Winner
TSPA
$4.10B
Expense Ratio
MSLC
0.39%
Winner
TSPA
0.34%
Max Drawdown
Winner
MSLC
17.86%
TSPA
24.72%
Sharpe Ratio
MSLC
1.09
Winner
TSPA
1.31
5Y Beta
Winner
MSLC
0.93
TSPA
0.97
P/E Ratio
Winner
MSLC
27.48
TSPA
30.17
Forward P/E
Winner
MSLC
20.58
TSPA
22.11
PEG Ratio
MSLC
N/A
TSPA
0.50
5Y EPS CAGR
MSLC
24.85%
Winner
TSPA
26.55%
Debt to Equity
MSLC
N/A
TSPA
39.16%
P/S Ratio
Winner
MSLC
3.17
TSPA
4.02
P/B Ratio
Winner
MSLC
5.24
TSPA
5.89
MSLC vs TSPA - Holdings Comparison
MSLC and TSPA have 296 common holdings. Overlap is 69.99%
MSLC's top 25 holdings weight is 46.91%. TSPA's top 25 holdings weight is 52.53%.
| Rank | MSLC | TSPA |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 6.53% | NVIDIA CORP (NVDA) - 7.92% |
| #2 | APPLE INC (AAPL) - 4.74% | APPLE INC (AAPL) - 6.55% |
| #3 | MICROSOFT CORP (MSFT) - 4.55% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | AMAZON.COM INC (AMZN) - 4.13% | AMAZON.COM INC (AMZN) - 4.32% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 3.43% | ALPHABET INC CLASS C (GOOG) - 3.71% |
| #6 | BROADCOM INC (AVGO) - 2.48% | BROADCOM INC (AVGO) - 3.44% |
| #7 | META PLATFORMS INC CLASS A (META) - 2.19% | ALPHABET INC CLASS A (GOOGL) - 2.78% |
| #8 | ALPHABET INC CLASS C (GOOG) - 2.12% | META PLATFORMS INC CLASS A (META) - 2.32% |
| #9 | MICRON TECHNOLOGY INC (MU) - 1.63% | TESLA INC (TSLA) - 1.63% |
| #10 | JPMORGAN CHASE & CO (JPM) - 1.47% | ELI LILLY AND CO (LLY) - 1.30% |
| #11 | US DOLLARS (n/a) - 1.28% | JPMORGAN CHASE & CO (JPM) - 1.29% |
| #12 | VISA INC CLASS A (V) - 1.27% | ADVANCED MICRO DEVICES INC (AMD) - 1.16% |
| #13 | TESLA INC (TSLA) - 1.22% | VISA INC CLASS A (V) - 1.03% |
| #14 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.17% | MICRON TECHNOLOGY INC (MU) - 0.98% |
| #15 | EXXON MOBIL CORP (XOM) - 1.03% | INTEL CORP (INTC) - 0.97% |
| #16 | CISCO SYSTEMS INC (CSCO) - 0.96% | WALMART INC (WMT) - 0.95% |
| #17 | ELI LILLY AND CO (LLY) - 0.92% | EXXON MOBIL CORP (n/a) - 0.91% |
| #18 | MASTERCARD INC CLASS A (MA) - 0.86% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.89% |
| #19 | NETFLIX INC (NFLX) - 0.83% | T-MOBILE US INC (TMUS) - 0.86% |
| #20 | LINDE PLC (LIN) - 0.73% | NETFLIX INC (NFLX) - 0.85% |
| #21 | ADVANCED MICRO DEVICES INC (AMD) - 0.73% | JOHNSON & JOHNSON (JNJ) - 0.84% |
| #22 | BANK OF AMERICA CORP (BAC) - 0.69% | CATERPILLAR INC (CAT) - 0.79% |
| #23 | n/a (BN) - 0.67% | COSTCO WHOLESALE CORP (COST) - 0.77% |
| #24 | RTX CORP (RTX) - 0.66% | CISCO SYSTEMS INC (CSCO) - 0.75% |
| #25 | UNITEDHEALTH GROUP INC (UNH) - 0.62% | MASTERCARD INC CLASS A (MA) - 0.73% |
| Total Holdings | 952 | 316 |
MSLC vs TSPA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MSLC
+0.46%
TSPA
+0.13%
3M
MSLC
+6.90%
Winner
TSPA
+7.96%
6M
MSLC
+7.75%
Winner
TSPA
+10.07%
1Y
MSLC
+18.58%
Winner
TSPA
+22.25%
5Y(CAGR)
MSLC
N/A
TSPA
+13.81%
Max(CAGR)
MSLC
+13.51%
Winner
TSPA
+14.26%
MSLC vs TSPA - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | MSLC | TSPA |
|---|---|---|
| 2026 | +9.21% | +11.28% |
| 2025 | +15.85% | +16.49% |
| 2024 | -3.29% | +27.28% |
| 2023 | N/A | +30.41% |
| 2022 | N/A | -19.11% |
| 2021 | N/A | +13.72% |
MSLC vs TSPA Drawdown Comparison
The maximum drawdown for MSLC was -17.86%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.
The maximum drawdown for TSPA was -24.72%, occurring on Oct 12, 2022. Recovery took 478 trading sessions.
The current MSLC drawdown is -0.02%. The current TSPA drawdown is -0.40%.
| Rank | MSLC | TSPA |
|---|---|---|
| #1 | -17.86% Feb 19, 2025 - Jun 26, 2025 | -24.72% Dec 29, 2021 - Nov 22, 2023 |
| #2 | -9.31% Jan 12, 2026 - Apr 15, 2026 | -19.04% Feb 19, 2025 - Jun 27, 2025 |
| #3 | -5.29% Oct 28, 2025 - Dec 11, 2025 | -9.24% Jan 29, 2026 - Apr 14, 2026 |
| #4 | -4.51% Dec 11, 2024 - Jan 22, 2025 | -8.90% Jul 16, 2024 - Sep 19, 2024 |
| #5 | -4.08% Jun 1, 2026 - Jun 10, 2026 | -5.49% Mar 28, 2024 - May 14, 2024 |
| #6 | -2.85% Oct 8, 2025 - Oct 24, 2025 | -5.40% Oct 29, 2025 - Dec 11, 2025 |
| #7 | -2.51% Jul 25, 2025 - Aug 12, 2025 | -4.78% Aug 30, 2021 - Oct 19, 2021 |
| #8 | -2.43% Dec 11, 2025 - Dec 23, 2025 | -4.46% Jun 2, 2026 - Jun 10, 2026 |
| #9 | -1.83% May 14, 2026 - May 26, 2026 | -4.16% Nov 16, 2021 - Dec 23, 2021 |
| #10 | -1.57% Sep 22, 2025 - Oct 3, 2025 | -3.91% Dec 6, 2024 - Jan 22, 2025 |
| #11 | -1.49% Jan 23, 2025 - Feb 18, 2025 | -2.97% Oct 8, 2025 - Oct 24, 2025 |
| #12 | -1.43% Aug 14, 2025 - Aug 22, 2025 | -2.82% Jul 12, 2021 - Jul 23, 2021 |
| #13 | -1.22% Aug 28, 2025 - Sep 8, 2025 | -2.77% Dec 11, 2025 - Dec 23, 2025 |
| #14 | -1.12% Dec 26, 2025 - Jan 6, 2026 | -2.64% Oct 14, 2024 - Nov 6, 2024 |
| #15 | -0.83% Jul 3, 2025 - Jul 17, 2025 | -2.59% Jan 12, 2026 - Jan 27, 2026 |
Correlation
Correlation between MSLC and TSPA is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (2021 - 2025)
MSLC vs TSPA dividend yield comparison.
| Year | MSLC | TSPA |
|---|---|---|
| 2025 | 2.15% | 0.62% |
| 2024 | 0.00% | 0.50% |
| 2023 | 0.00% | 0.41% |
| 2022 | 0.00% | 1.16% |
| 2021 | 0.00% | 0.43% |
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