MSSM vs QQA
Comparison between MORGAN STANLEY PATHWAY SMALL-MID CAP EQUITY ETF (MSSM, ETF) and Invesco QQQ Income Advantage ETF (QQA, ETF).
MSSM vs QQA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MSSM
$762M
Winner
QQA
$766M
Expense Ratio
MSSM
0.62%
Winner
QQA
0.29%
Max Drawdown
MSSM
24.18%
Winner
QQA
21.11%
Sharpe Ratio
Winner
MSSM
1.34
QQA
1.21
5Y Beta
MSSM
1.04
Winner
QQA
1.03
P/E Ratio
MSSM
100.11
Winner
QQA
36.08
Forward P/E
Winner
MSSM
15.38
QQA
21.94
PEG Ratio
MSSM
N/A
QQA
0.22
5Y EPS CAGR
MSSM
14.28%
Winner
QQA
31.96%
Debt to Equity
MSSM
54.67%
Winner
QQA
34.87%
P/S Ratio
Winner
MSSM
1.30
QQA
5.95
P/B Ratio
Winner
MSSM
2.46
QQA
9.03
MSSM vs QQA - Holdings Comparison
MSSM and QQA have 3 common holdings. Overlap is 0.27%
MSSM's top 25 holdings weight is 16.45%. QQA's top 25 holdings weight is 72.49%.
| Rank | MSSM | QQA |
|---|---|---|
| #1 | US DOLLARS (n/a) - 2.65% | INVESCO PREMIER US GOVERNMENT MONEY INST (IUGXX) - 16.95% |
| #2 | COMFORT SYSTEMS USA INC (FIX) - 1.11% | NVIDIA CORP (NVDA) - 6.64% |
| #3 | ASCENDIS PHARMA AS ADR (ASND) - 0.96% | APPLE INC (AAPL) - 5.67% |
| #4 | KYNDRYL HOLDINGS INC ORDINARY SHARES (KD) - 0.83% | MICRON TECHNOLOGY INC (MU) - 4.05% |
| #5 | RAMBUS INC (RMBS) - 0.68% | MICROSOFT CORP (MSFT) - 4.02% |
| #6 | CACI INTERNATIONAL INC CLASS A (CACI) - 0.64% | AMAZON.COM INC (AMZN) - 3.38% |
| #7 | REGAL REXNORD CORP (RRX) - 0.62% | ADVANCED MICRO DEVICES INC (AMD) - 2.88% |
| #8 | FTAI AVIATION LTD (FTAI) - 0.60% | BROADCOM INC (AVGO) - 2.80% |
| #9 | BRINKER INTERNATIONAL INC (EAT) - 0.56% | TESLA INC (TSLA) - 2.59% |
| #10 | CIENA CORP (CIEN) - 0.54% | ALPHABET INC CLASS A (GOOGL) - 2.58% |
| #11 | AERCAP HOLDINGS NV (AER) - 0.53% | ALPHABET INC CLASS C (GOOG) - 2.39% |
| #12 | ITT INC (ITT) - 0.53% | META PLATFORMS INC CLASS A (META) - 2.16% |
| #13 | ORMAT TECHNOLOGIES INC (ORA) - 0.52% | WALMART INC (WMT) - 1.87% |
| #14 | WINTRUST FINANCIAL CORP (WTFC) - 0.51% | INTEL CORP (INTC) - 1.82% |
| #15 | DYNATRACE INC ORDINARY SHARES (DT) - 0.51% | CISCO SYSTEMS INC (CSCO) - 1.71% |
| #16 | COMMVAULT SYSTEMS INC (CVLT) - 0.49% | COSTCO WHOLESALE CORP (COST) - 1.43% |
| #17 | n/a (n/a) - 0.49% | LAM RESEARCH CORP (LRCX) - 1.41% |
| #18 | TEXAS CAPITAL BANCSHARES INC (TCBI) - 0.49% | APPLIED MATERIALS INC (AMAT) - 1.32% |
| #19 | SEMTECH CORP (SMTC) - 0.48% | NETFLIX INC (NFLX) - 1.19% |
| #20 | INSMED INC (INSM) - 0.47% | n/a (PLTR) - 1.18% |
| #21 | CASELLA WASTE SYSTEMS INC CLASS A (CWST) - 0.47% | TEXAS INSTRUMENTS INC (TXN) - 0.95% |
| #22 | CRITEO SA ADR (CRTO) - 0.46% | KLA CORP (KLAC) - 0.91% |
| #23 | AVIENT CORP (AVNT) - 0.44% | QUALCOMM INC (QCOM) - 0.87% |
| #24 | BADGER METER INC (BMI) - 0.44% | MARVELL TECHNOLOGY INC (MRVL) - 0.86% |
| #25 | NEXTRACKER INC ORDINARY SHARES CLASS A (NXT) - 0.43% | SANDISK CORP ORDINARY SHARES (SNDK) - 0.86% |
| Total Holdings | 1934 | 120 |
MSSM vs QQA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MSSM
-1.35%
QQA
-2.21%
3M
MSSM
+5.57%
Winner
QQA
+7.52%
6M
MSSM
+9.79%
Winner
QQA
+11.21%
1Y
Winner
MSSM
+29.99%
QQA
+22.07%
Max(CAGR)
MSSM
+14.43%
Winner
QQA
+18.40%
MSSM vs QQA - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | MSSM | QQA |
|---|---|---|
| 2026 | +16.98% | +12.10% |
| 2025 | +11.21% | +17.85% |
| 2024 | -5.83% | +7.07% |
MSSM vs QQA Drawdown Comparison
The maximum drawdown for MSSM was -24.18%, occurring on Apr 8, 2025. Recovery took 175 trading sessions.
The maximum drawdown for QQA was -19.74%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.
The current MSSM drawdown is -3.14%. The current QQA drawdown is -2.55%.
| Rank | MSSM | QQA |
|---|---|---|
| #1 | -24.18% Dec 9, 2024 - Aug 22, 2025 | -19.74% Feb 19, 2025 - Jun 26, 2025 |
| #2 | -9.50% Feb 10, 2026 - Apr 14, 2026 | -8.76% Jan 28, 2026 - Apr 15, 2026 |
| #3 | -7.11% Oct 27, 2025 - Dec 4, 2025 | -8.41% Jul 17, 2024 - Sep 19, 2024 |
| #4 | -4.35% May 6, 2026 - May 26, 2026 | -5.76% Oct 29, 2025 - Dec 5, 2025 |
| #5 | -4.14% Jun 30, 2026 - Jul 20, 2026 | -5.31% Jun 2, 2026 - Jun 15, 2026 |
| #6 | -3.84% Oct 6, 2025 - Oct 24, 2025 | -4.30% Dec 17, 2024 - Jan 22, 2025 |
| #7 | -3.71% Dec 11, 2025 - Jan 6, 2026 | -4.13% Jun 15, 2026 - Jul 17, 2026 |
| #8 | -3.26% Jan 22, 2026 - Feb 9, 2026 | -3.13% Dec 10, 2025 - Dec 24, 2025 |
| #9 | -3.16% Jun 4, 2026 - Jun 12, 2026 | -2.96% Oct 29, 2024 - Nov 6, 2024 |
| #10 | -2.47% Sep 18, 2025 - Oct 3, 2025 | -2.92% Jan 22, 2025 - Feb 13, 2025 |
| #11 | -2.28% Apr 20, 2026 - Apr 30, 2026 | -2.55% Oct 8, 2025 - Oct 20, 2025 |
| #12 | -1.74% Jun 15, 2026 - Jun 22, 2026 | -2.28% Jan 12, 2026 - Jan 26, 2026 |
| #13 | -1.63% Jan 15, 2026 - Jan 21, 2026 | -2.24% Nov 8, 2024 - Dec 2, 2024 |
| #14 | -1.52% Aug 28, 2025 - Sep 5, 2025 | -2.07% Aug 14, 2025 - Aug 28, 2025 |
| #15 | -1.37% Jun 22, 2026 - Jun 25, 2026 | -1.78% Jul 28, 2025 - Aug 6, 2025 |
Correlation
Correlation between MSSM and QQA is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2024 - 2026)
MSSM vs QQA dividend yield comparison.
| Year | MSSM | QQA |
|---|---|---|
| 2026 | 0.00% | 5.86% |
| 2025 | 3.15% | 9.78% |
| 2024 | 0.00% | 4.29% |
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