MSSM vs FLIA

Comparison between MORGAN STANLEY PATHWAY SMALL-MID CAP EQUITY ETF (MSSM, ETF) and FRANKLIN INTERNATIONAL AGGREGATE BOND ETF (FLIA, ETF).

MSSM vs FLIA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSSM(ETF)	FLIA(ETF)
Net Assets	$728M	$730M
Expense Ratio	0.62%	0.25%
Max Drawdown	24.18%	26.67%
Sharpe Ratio	1.50	-0.45
5Y Beta	1.05	0.04
P/E Ratio	61.64	N/A
Forward P/E	14.99	N/A
5Y Dividends CAGR	N/A	45.75%
5Y EPS CAGR	14.26%	N/A
Debt to Equity	56.02%	N/A
P/S Ratio	1.30	N/A
P/B Ratio	2.42	N/A

Net Assets

MSSM

$728M

Winner

FLIA

$730M

Expense Ratio

MSSM

0.62%

Winner

FLIA

0.25%

Max Drawdown

Winner

MSSM

24.18%

FLIA

26.67%

Sharpe Ratio

Winner

MSSM

1.50

FLIA

-0.45

5Y Beta

MSSM

1.05

Winner

FLIA

0.04

P/E Ratio

MSSM

61.64

FLIA

N/A

Forward P/E

MSSM

14.99

FLIA

N/A

5Y Dividends CAGR

MSSM

N/A

FLIA

45.75%

5Y EPS CAGR

MSSM

14.26%

FLIA

N/A

Debt to Equity

MSSM

56.02%

FLIA

N/A

P/S Ratio

MSSM

1.30

FLIA

N/A

P/B Ratio

MSSM

2.42

FLIA

N/A

MSSM vs FLIA - Holdings Comparison

MSSM and FLIA have 1 common holdings. Overlap is 0.00%

MSSM's top 25 holdings weight is 16.45%. FLIA's top 25 holdings weight is 76.89%.

Rank	MSSM	FLIA
#1	US DOLLARS (n/a) - 2.65%	n/a (n/a) - 9.51%
#2	COMFORT SYSTEMS USA INC (FIX) - 1.11%	FRANKLIN INSTL U.S. GOVT MNY MKT FUND (INFXX) - 6.99%
#3	ASCENDIS PHARMA AS ADR (ASND) - 0.96%	BELGIUM (KINGDOM OF) 1% (n/a) - 4.00%
#4	KYNDRYL HOLDINGS INC ORDINARY SHARES (KD) - 0.83%	SPAIN (KINGDOM OF) 1.25% (n/a) - 3.97%
#5	RAMBUS INC (RMBS) - 0.68%	SWEDEN (KINGDOM OF) 0.75% (n/a) - 3.52%
#6	CACI INTERNATIONAL INC CLASS A (CACI) - 0.64%	JAPAN (GOVERNMENT OF) 0.3% (n/a) - 3.36%
#7	REGAL REXNORD CORP (RRX) - 0.62%	JAPAN (GOVERNMENT OF) 1.5% (n/a) - 3.26%
#8	FTAI AVIATION LTD (FTAI) - 0.60%	EUROPEAN UNION 2.75% (n/a) - 3.08%
#9	BRINKER INTERNATIONAL INC (EAT) - 0.56%	JAPAN (GOVERNMENT OF) 0.1% (n/a) - 2.99%
#10	CIENA CORP (CIEN) - 0.54%	CHINESE YUAN (n/a) - 2.97%
#11	AERCAP HOLDINGS NV (AER) - 0.53%	IRELAND (REPUBLIC OF) 1.35% (n/a) - 2.95%
#12	ITT INC (ITT) - 0.53%	FRANCE (REPUBLIC OF) 0% (n/a) - 2.85%
#13	ORMAT TECHNOLOGIES INC (ORA) - 0.52%	CHINA (PEOPLE'S REPUBLIC OF) 2.67% (n/a) - 2.58%
#14	WINTRUST FINANCIAL CORP (WTFC) - 0.51%	CHINA (PEOPLE'S REPUBLIC OF) 2.52% (n/a) - 2.55%
#15	DYNATRACE INC ORDINARY SHARES (DT) - 0.51%	CHINA (PEOPLE'S REPUBLIC OF) 2.35% (n/a) - 2.53%
#16	COMMVAULT SYSTEMS INC (CVLT) - 0.49%	CHINA (PEOPLE'S REPUBLIC OF) 2.85% (n/a) - 2.45%
#17	n/a (n/a) - 0.49%	ITALY (REPUBLIC OF) 1.25% (n/a) - 2.37%
#18	TEXAS CAPITAL BANCSHARES INC (TCBI) - 0.49%	CHINA (PEOPLE'S REPUBLIC OF) 4.28% (n/a) - 2.17%
#19	SEMTECH CORP (SMTC) - 0.48%	NETHERLANDS (KINGDOM OF) 0.5% (n/a) - 2.15%
#20	INSMED INC (INSM) - 0.47%	AUSTRIA (REPUBLIC OF) 1.5% (n/a) - 2.11%
#21	CASELLA WASTE SYSTEMS INC CLASS A (CWST) - 0.47%	POLAND (REPUBLIC OF) 5% (n/a) - 1.76%
#22	CRITEO SA ADR (CRTO) - 0.46%	POLAND (REPUBLIC OF) 2.75% (n/a) - 1.74%
#23	AVIENT CORP (AVNT) - 0.44%	FINLAND (REPUBLIC OF) 2.75% (n/a) - 1.74%
#24	BADGER METER INC (BMI) - 0.44%	CANADA (GOVERNMENT OF) 1.25% (n/a) - 1.65%
#25	NEXTRACKER INC ORDINARY SHARES CLASS A (NXT) - 0.43%	ITALY (REPUBLIC OF) 2.45% (n/a) - 1.64%
Total Holdings	1934	62

MSSM vs FLIA - Historical Returns

Returns include dividend reinvestment.

Period	MSSM	FLIA
1 month	+0.14%	+0.66%
3 months	+8.77%	-0.01%
6 months	+13.70%	+1.07%
1 year	+33.00%	+2.45%
5 years(CAGR)	N/A	+0.88%
10 years(CAGR)	N/A	+1.06%
Max(CAGR)	+13.21%	+1.06%

MSSM

+0.14%

Winner

FLIA

+0.66%

Winner

MSSM

+8.77%

FLIA

-0.01%

Winner

MSSM

+13.70%

FLIA

+1.07%

Winner

MSSM

+33.00%

FLIA

+2.45%

5Y(CAGR)

MSSM

N/A

FLIA

+0.88%

10Y(CAGR)

MSSM

N/A

FLIA

+1.06%

Max(CAGR)

Winner

MSSM

+13.21%

FLIA

+1.06%

MSSM vs FLIA - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	MSSM	FLIA
2026	+13.20%	+1.01%
2025	+11.21%	+2.07%
2024	-5.83%	+3.38%
2023	N/A	+6.48%
2022	N/A	-7.36%
2021	N/A	-1.87%
2020	N/A	+1.46%
2019	N/A	+7.57%
2018	N/A	-2.59%

MSSM vs FLIA Drawdown Comparison

The maximum drawdown for MSSM was -24.18%, occurring on Apr 8, 2025. Recovery took 175 trading sessions.

The maximum drawdown for FLIA was -11.25%, occurring on Oct 12, 2022. Recovery took 1408 trading sessions.

The current MSSM drawdown is -3.01%. The current FLIA drawdown is -0.86%.

Rank	MSSM	FLIA
#1	-24.18% Dec 9, 2024 - Aug 22, 2025	-11.25% Mar 9, 2020 - Oct 14, 2025
#2	-9.50% Feb 10, 2026 - Apr 14, 2026	-4.51% Jun 1, 2018 - Mar 20, 2019
#3	-7.11% Oct 27, 2025 - Dec 4, 2025	-2.80% Aug 28, 2019 - Mar 3, 2020
#4	-4.35% May 6, 2026 - May 26, 2026	-2.04% Feb 27, 2026 - Mar 20, 2026
#5	-3.84% Oct 6, 2025 - Oct 24, 2025	-1.24% Jul 3, 2019 - Aug 5, 2019
#6	-3.71% Dec 11, 2025 - Jan 6, 2026	-1.06% Mar 20, 2019 - May 10, 2019
#7	-3.26% Jan 22, 2026 - Feb 9, 2026	-1.02% Oct 28, 2025 - Jan 29, 2026
#8	-3.01% Jun 4, 2026 - Jun 5, 2026	-0.93% Mar 3, 2020 - Mar 6, 2020
#9	-2.47% Sep 18, 2025 - Oct 3, 2025	-0.86% Aug 15, 2019 - Aug 27, 2019
#10	-2.28% Apr 20, 2026 - Apr 30, 2026	-0.76% Jun 24, 2019 - Jul 3, 2019
#11	-1.63% Jan 15, 2026 - Jan 21, 2026	-0.57% Jun 7, 2019 - Jun 19, 2019
#12	-1.52% Aug 28, 2025 - Sep 5, 2025	-0.49% May 15, 2019 - May 24, 2019
#13	-1.04% Sep 11, 2025 - Sep 18, 2025	-0.42% May 24, 2019 - May 31, 2019
#14	-0.79% Jun 2, 2026 - Jun 4, 2026	-0.29% Jan 29, 2026 - Feb 5, 2026
#15	-0.78% May 28, 2026 - Jun 2, 2026	-0.19% Oct 14, 2025 - Oct 16, 2025