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