MSSM vs EZA
Comparison between MORGAN STANLEY PATHWAY SMALL-MID CAP EQUITY ETF (MSSM, ETF) and ISHARES MSCI SOUTH AFRICA ETF (EZA, ETF).
MSSM vs EZA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MSSM
$728M
Winner
EZA
$729M
Expense Ratio
MSSM
0.62%
Winner
EZA
0.59%
Max Drawdown
Winner
MSSM
24.18%
EZA
68.15%
Sharpe Ratio
Winner
MSSM
1.50
EZA
0.84
5Y Beta
MSSM
1.05
Winner
EZA
0.95
P/E Ratio
MSSM
61.64
EZA
N/A
Forward P/E
MSSM
14.99
EZA
N/A
5Y Dividends CAGR
MSSM
N/A
EZA
-1.35%
5Y EPS CAGR
MSSM
14.26%
EZA
N/A
Debt to Equity
MSSM
56.02%
EZA
N/A
P/S Ratio
MSSM
1.30
EZA
N/A
P/B Ratio
MSSM
2.42
EZA
N/A
MSSM vs EZA - Holdings Comparison
MSSM and EZA have 1 common holdings. Overlap is -0.03%
MSSM's top 25 holdings weight is 16.45%. EZA's top 25 holdings weight is 97.40%.
| Rank | MSSM | EZA |
|---|---|---|
| #1 | US DOLLARS (n/a) - 2.65% | ANGLOGOLD ASHANTI PLC (AU) - 11.61% |
| #2 | COMFORT SYSTEMS USA INC (FIX) - 1.11% | NASPERS LTD CLASS N (n/a) - 10.42% |
| #3 | ASCENDIS PHARMA AS ADR (ASND) - 0.96% | GOLD FIELDS LTD (n/a) - 8.94% |
| #4 | KYNDRYL HOLDINGS INC ORDINARY SHARES (KD) - 0.83% | FIRSTRAND LTD (n/a) - 6.94% |
| #5 | RAMBUS INC (RMBS) - 0.68% | STANDARD BANK GROUP LTD (n/a) - 5.39% |
| #6 | CACI INTERNATIONAL INC CLASS A (CACI) - 0.64% | MTN GROUP LTD (n/a) - 5.19% |
| #7 | REGAL REXNORD CORP (RRX) - 0.62% | CAPITEC BANK HOLDINGS LTD (n/a) - 4.60% |
| #8 | FTAI AVIATION LTD (FTAI) - 0.60% | VALTERRA PLATINUM LTD (n/a) - 4.43% |
| #9 | BRINKER INTERNATIONAL INC (EAT) - 0.56% | IMPALA PLATINUM HOLDINGS LTD (n/a) - 3.59% |
| #10 | CIENA CORP (CIEN) - 0.54% | ABSA GROUP LTD (n/a) - 3.54% |
| #11 | AERCAP HOLDINGS NV (AER) - 0.53% | DISCOVERY LTD (n/a) - 2.84% |
| #12 | ITT INC (ITT) - 0.53% | HARMONY GOLD MINING CO LTD (n/a) - 2.80% |
| #13 | ORMAT TECHNOLOGIES INC (ORA) - 0.52% | SANLAM LTD (n/a) - 2.71% |
| #14 | WINTRUST FINANCIAL CORP (WTFC) - 0.51% | SASOL LTD (n/a) - 2.61% |
| #15 | DYNATRACE INC ORDINARY SHARES (DT) - 0.51% | BID CORP LTD (n/a) - 2.60% |
| #16 | COMMVAULT SYSTEMS INC (CVLT) - 0.49% | SHOPRITE HOLDINGS LTD (n/a) - 2.59% |
| #17 | n/a (n/a) - 0.49% | SIBANYE STILLWATER LTD ORDINARY SHARES (n/a) - 2.44% |
| #18 | TEXAS CAPITAL BANCSHARES INC (TCBI) - 0.49% | NEDBANK GROUP LTD (n/a) - 2.19% |
| #19 | SEMTECH CORP (SMTC) - 0.48% | NORTHAM PLATINUM HOLDINGS LTD (n/a) - 2.02% |
| #20 | INSMED INC (INSM) - 0.47% | REMGRO LTD (n/a) - 1.85% |
| #21 | CASELLA WASTE SYSTEMS INC CLASS A (CWST) - 0.47% | VODACOM GROUP LTD (n/a) - 1.81% |
| #22 | CRITEO SA ADR (CRTO) - 0.46% | NEPI ROCKCASTLE NV (n/a) - 1.67% |
| #23 | AVIENT CORP (AVNT) - 0.44% | REINET INVESTMENTS SCA (n/a) - 1.59% |
| #24 | BADGER METER INC (BMI) - 0.44% | BIDVEST GROUP LTD (n/a) - 1.53% |
| #25 | NEXTRACKER INC ORDINARY SHARES CLASS A (NXT) - 0.43% | PEPKOR HOLDINGS LTD (n/a) - 1.50% |
| Total Holdings | 1934 | 35 |
MSSM vs EZA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MSSM
+0.14%
EZA
-5.00%
3M
Winner
MSSM
+8.77%
EZA
-9.87%
6M
Winner
MSSM
+13.70%
EZA
+0.04%
1Y
Winner
MSSM
+33.00%
EZA
+27.17%
5Y(CAGR)
MSSM
N/A
EZA
+7.93%
10Y(CAGR)
MSSM
N/A
EZA
+6.84%
Max(CAGR)
Winner
MSSM
+13.21%
EZA
+9.16%
MSSM vs EZA - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | MSSM | EZA |
|---|---|---|
| 2026 | +13.20% | -7.25% |
| 2025 | +11.21% | +73.49% |
| 2024 | -5.83% | +9.82% |
| 2023 | N/A | -1.59% |
| 2022 | N/A | -6.50% |
| 2021 | N/A | +7.43% |
| 2020 | N/A | -6.02% |
| 2019 | N/A | +9.97% |
| 2018 | N/A | -25.17% |
| 2017 | N/A | +34.76% |
| 2016 | N/A | +19.57% |
| 2015 | N/A | -24.50% |
| 2014 | N/A | +6.87% |
| 2013 | N/A | -7.68% |
| 2012 | N/A | +17.91% |
| 2011 | N/A | -15.89% |
| 2010 | N/A | +32.24% |
| 2009 | N/A | +47.87% |
| 2008 | N/A | -38.47% |
| 2007 | N/A | +18.24% |
| 2006 | N/A | +13.00% |
| 2005 | N/A | +24.77% |
| 2004 | N/A | +40.73% |
| 2003 | N/A | +47.69% |
MSSM vs EZA Drawdown Comparison
The maximum drawdown for MSSM was -24.18%, occurring on Apr 8, 2025. Recovery took 175 trading sessions.
The maximum drawdown for EZA was -64.67%, occurring on Oct 27, 2008. Recovery took 737 trading sessions.
The current MSSM drawdown is -3.01%. The current EZA drawdown is -21.12%.
| Rank | MSSM | EZA |
|---|---|---|
| #1 | -24.18% Dec 9, 2024 - Aug 22, 2025 | -64.67% Oct 31, 2007 - Oct 5, 2010 |
| #2 | -9.50% Feb 10, 2026 - Apr 14, 2026 | -62.32% Jan 26, 2018 - May 23, 2025 |
| #3 | -7.11% Oct 27, 2025 - Dec 4, 2025 | -45.03% Apr 28, 2015 - Dec 21, 2017 |
| #4 | -4.35% May 6, 2026 - May 26, 2026 | -29.56% May 9, 2006 - Feb 22, 2007 |
| #5 | -3.84% Oct 6, 2025 - Oct 24, 2025 | -25.94% Apr 29, 2011 - May 14, 2014 |
| #6 | -3.71% Dec 11, 2025 - Jan 6, 2026 | -23.31% Feb 27, 2026 - Mar 20, 2026 |
| #7 | -3.26% Jan 22, 2026 - Feb 9, 2026 | -20.25% Jul 23, 2007 - Oct 4, 2007 |
| #8 | -3.01% Jun 4, 2026 - Jun 5, 2026 | -19.16% Apr 6, 2004 - Sep 16, 2004 |
| #9 | -2.47% Sep 18, 2025 - Oct 3, 2025 | -18.04% Mar 9, 2005 - Aug 10, 2005 |
| #10 | -2.28% Apr 20, 2026 - Apr 30, 2026 | -17.71% Sep 5, 2014 - Apr 28, 2015 |
| #11 | -1.63% Jan 15, 2026 - Jan 21, 2026 | -13.68% Feb 1, 2006 - Apr 3, 2006 |
| #12 | -1.52% Aug 28, 2025 - Sep 5, 2025 | -13.47% Feb 23, 2007 - Apr 2, 2007 |
| #13 | -1.04% Sep 11, 2025 - Sep 18, 2025 | -13.40% Jan 3, 2011 - Apr 6, 2011 |
| #14 | -0.79% Jun 2, 2026 - Jun 4, 2026 | -12.38% Jan 3, 2005 - Feb 24, 2005 |
| #15 | -0.78% May 28, 2026 - Jun 2, 2026 | -11.13% Sep 30, 2005 - Nov 21, 2005 |
Correlation
Correlation between MSSM and EZA is 0.81 which considered as a strong positive correlation - the stocks tend to move together.
0.81
-101
Dividend Comparison (2003 - 2025)
MSSM vs EZA dividend yield comparison.
| Year | MSSM | EZA |
|---|---|---|
| 2025 | 3.15% | 6.16% |
| 2024 | 0.00% | 7.26% |
| 2023 | 0.00% | 2.84% |
| 2022 | 0.00% | 3.90% |
| 2021 | 0.00% | 2.05% |
| 2020 | 0.00% | 5.51% |
| 2019 | 0.00% | 12.27% |
| 2018 | 0.00% | 3.81% |
| 2017 | 0.00% | 1.55% |
| 2016 | 0.00% | 4.10% |
| 2015 | 0.00% | 3.03% |
| 2014 | 0.00% | 2.20% |
| 2013 | 0.00% | 2.44% |
| 2012 | 0.00% | 3.01% |
| 2011 | 0.00% | 3.15% |
| 2010 | 0.00% | 2.43% |
| 2009 | 0.00% | 3.70% |
| 2008 | 0.00% | 6.06% |
| 2007 | 0.00% | 2.01% |
| 2006 | 0.00% | 2.18% |
| 2005 | 0.00% | 2.00% |
| 2004 | 0.00% | 1.52% |
| 2003 | 0.00% | 2.42% |
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