MSSM vs PEO

Comparison between MORGAN STANLEY PATHWAY SMALL-MID CAP EQUITY ETF (MSSM, ETF) and Adams Natural Resources Fund Inc (PEO, ETF).

MSSM vs PEO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSSM(ETF)	PEO(ETF)
Net Assets	$762M	$762M
Expense Ratio	0.62%	N/A
Max Drawdown	24.18%	86.24%
Sharpe Ratio	1.34	1.52
5Y Beta	1.04	0.51
P/E Ratio	100.11	N/A
Forward P/E	15.38	N/A
5Y Dividends CAGR	N/A	28.22%
5Y EPS CAGR	14.28%	N/A
Debt to Equity	54.67%	N/A
P/S Ratio	1.30	N/A
P/B Ratio	2.46	N/A

Net Assets

MSSM

$762M

PEO

$762M

Expense Ratio

MSSM

0.62%

PEO

N/A

Max Drawdown

Winner

MSSM

24.18%

PEO

86.24%

Sharpe Ratio

MSSM

1.34

Winner

PEO

1.52

5Y Beta

MSSM

1.04

Winner

PEO

0.51

P/E Ratio

MSSM

100.11

PEO

N/A

Forward P/E

MSSM

15.38

PEO

N/A

5Y Dividends CAGR

MSSM

N/A

PEO

28.22%

5Y EPS CAGR

MSSM

14.28%

PEO

N/A

Debt to Equity

MSSM

54.67%

PEO

N/A

P/S Ratio

MSSM

1.30

PEO

N/A

P/B Ratio

MSSM

2.46

PEO

N/A

MSSM vs PEO - Historical Returns

Returns include dividend reinvestment.

Period	MSSM	PEO
1 month	-1.35%	+9.61%
3 months	+5.57%	+5.22%
6 months	+9.79%	+16.44%
1 year	+29.99%	+35.98%
5 years(CAGR)	N/A	+21.44%
10 years(CAGR)	N/A	+10.44%
Max(CAGR)	+14.43%	+7.96%

MSSM

-1.35%

Winner

PEO

+9.61%

Winner

MSSM

+5.57%

PEO

+5.22%

MSSM

+9.79%

Winner

PEO

+16.44%

MSSM

+29.99%

Winner

PEO

+35.98%

5Y(CAGR)

MSSM

N/A

PEO

+21.44%

10Y(CAGR)

MSSM

N/A

PEO

+10.44%

Max(CAGR)

Winner

MSSM

+14.43%

PEO

+7.96%

MSSM vs PEO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MSSM	PEO
2026	+16.98%	+27.16%
2025	+11.21%	+8.90%
2024	-5.83%	+11.91%
2023	N/A	+3.91%
2022	N/A	+39.27%
2021	N/A	+53.52%
2020	N/A	-27.08%
2019	N/A	+18.97%
2018	N/A	-24.05%
2017	N/A	+3.47%
2016	N/A	+21.94%
2015	N/A	-20.12%
2014	N/A	-5.87%
2013	N/A	+19.97%
2012	N/A	+1.70%
2011	N/A	-2.82%
2010	N/A	+16.74%
2009	N/A	+22.89%
2008	N/A	-42.98%
2007	N/A	+32.34%
2006	N/A	+12.95%
2005	N/A	+34.04%
2004	N/A	+15.02%
2003	N/A	+29.79%
2002	N/A	-12.73%
2001	N/A	-9.45%
2000	N/A	+35.62%
1999	N/A	-2.66%

MSSM vs PEO Drawdown Comparison

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

The maximum drawdown for PEO was -71.90%, occurring on Mar 18, 2020. Recovery took 1896 trading sessions.

The current MSSM drawdown is -3.14%. The current PEO drawdown is -3.16%.

Rank	MSSM	PEO
#1	-24.18% Dec 9, 2024 - Aug 22, 2025	-71.90% Jul 24, 2014 - Feb 2, 2022
#2	-9.50% Feb 10, 2026 - Apr 14, 2026	-59.45% May 20, 2008 - Apr 3, 2014
#3	-7.11% Oct 27, 2025 - Dec 4, 2025	-40.24% May 22, 2001 - Oct 6, 2004
#4	-4.35% May 6, 2026 - May 26, 2026	-24.30% Jun 8, 2022 - Jan 26, 2023
#5	-4.14% Jun 30, 2026 - Jul 20, 2026	-18.84% Nov 22, 2024 - Dec 1, 2025
#6	-3.84% Oct 6, 2025 - Oct 24, 2025	-16.37% Jan 26, 2023 - Aug 9, 2023
#7	-3.71% Dec 11, 2025 - Jan 6, 2026	-15.32% May 10, 2006 - Aug 9, 2006
#8	-3.26% Jan 22, 2026 - Feb 9, 2026	-15.27% Dec 26, 2007 - Apr 15, 2008
#9	-3.16% Jun 4, 2026 - Jun 12, 2026	-15.23% Sep 19, 2005 - Dec 12, 2005
#10	-2.47% Sep 18, 2025 - Oct 3, 2025	-14.93% Nov 17, 1999 - Mar 31, 2000
#11	-2.28% Apr 20, 2026 - Apr 30, 2026	-13.35% Jul 19, 2007 - Sep 21, 2007
#12	-1.74% Jun 15, 2026 - Jun 22, 2026	-12.60% Aug 9, 2006 - Nov 9, 2006
#13	-1.63% Jan 15, 2026 - Jan 21, 2026	-12.23% Mar 4, 2005 - Jun 20, 2005
#14	-1.52% Aug 28, 2025 - Sep 5, 2025	-11.94% Mar 30, 2026 - Jun 18, 2026
#15	-1.37% Jun 22, 2026 - Jun 25, 2026	-11.80% Sep 5, 2023 - Mar 13, 2024

Correlation

Correlation between MSSM and PEO is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2000 - 2026)

MSSM vs PEO dividend yield comparison.

Year	MSSM	PEO
2026	0.00%	3.75%
2025	3.15%	9.43%
2024	0.00%	8.14%
2023	0.00%	6.54%
2022	0.00%	7.48%
2021	0.00%	5.51%
2020	0.00%	6.42%
2019	0.00%	6.68%
2018	0.00%	5.63%
2017	0.00%	5.95%
2016	0.00%	5.65%
2015	0.00%	7.78%
2014	0.00%	7.84%
2013	0.00%	6.76%
2012	0.00%	6.69%
2011	0.00%	8.21%
2010	0.00%	4.70%
2009	0.00%	5.90%
2008	0.00%	15.20%
2007	0.00%	11.07%
2006	0.00%	11.06%
2005	0.00%	5.50%
2004	0.00%	5.12%
2003	0.00%	5.01%
2002	0.00%	5.79%
2001	0.00%	6.18%
2000	0.00%	5.43%