MSSM vs TUA

Comparison between MORGAN STANLEY PATHWAY SMALL-MID CAP EQUITY ETF (MSSM, ETF) and SIMPLIFY SHORT TERM TREASURY FUTURES STRATEGY ETF (TUA, ETF).

MSSM vs TUA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSSM(ETF)	TUA(ETF)
Net Assets	$756M	$757M
Expense Ratio	0.62%	0.25%
Max Drawdown	24.18%	22.37%
Sharpe Ratio	1.59	-0.79
5Y Beta	1.05	-0.08
P/E Ratio	79.97	N/A
Forward P/E	14.81	N/A
5Y EPS CAGR	14.18%	N/A
Debt to Equity	57.40%	N/A
P/S Ratio	1.27	N/A
P/B Ratio	2.39	N/A

Net Assets

MSSM

$756M

Winner

TUA

$757M

Expense Ratio

MSSM

0.62%

Winner

TUA

0.25%

Max Drawdown

MSSM

24.18%

Winner

TUA

22.37%

Sharpe Ratio

Winner

MSSM

1.59

TUA

-0.79

5Y Beta

MSSM

1.05

Winner

TUA

-0.08

P/E Ratio

MSSM

79.97

TUA

N/A

Forward P/E

MSSM

14.81

TUA

N/A

5Y EPS CAGR

MSSM

14.18%

TUA

N/A

Debt to Equity

MSSM

57.40%

TUA

N/A

P/S Ratio

MSSM

1.27

TUA

N/A

P/B Ratio

MSSM

2.39

TUA

N/A

MSSM vs TUA - Historical Returns

Returns include dividend reinvestment.

Period	MSSM	TUA
1 month	+3.89%	-0.44%
3 months	+17.47%	-2.68%
6 months	+17.15%	-4.70%
1 year	+35.68%	-2.23%
Max(CAGR)	+15.77%	-1.36%

Winner

MSSM

+3.89%

TUA

-0.44%

Winner

MSSM

+17.47%

TUA

-2.68%

Winner

MSSM

+17.15%

TUA

-4.70%

Winner

MSSM

+35.68%

TUA

-2.23%

Max(CAGR)

Winner

MSSM

+15.77%

TUA

-1.36%

MSSM vs TUA - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	MSSM	TUA
2026	+17.36%	-5.22%
2025	+11.21%	+7.17%
2024	-5.83%	-2.92%
2023	N/A	-2.33%
2022	N/A	-0.81%

MSSM vs TUA Drawdown Comparison

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

The maximum drawdown for TUA was -15.84%, occurring on Oct 17, 2023. This drawdown has not yet recovered.

The current TUA drawdown is -9.92%.

Rank	MSSM	TUA
#1	-24.18% Dec 9, 2024 - Aug 22, 2025	-15.84% Mar 24, 2023 - Oct 17, 2023
#2	-9.50% Feb 10, 2026 - Apr 14, 2026	-9.27% Jan 18, 2023 - Mar 13, 2023
#3	-7.11% Oct 27, 2025 - Dec 4, 2025	-2.81% Mar 17, 2023 - Mar 23, 2023
#4	-4.35% May 6, 2026 - May 26, 2026	-2.63% Dec 16, 2022 - Jan 12, 2023
#5	-3.84% Oct 6, 2025 - Oct 24, 2025	-2.47% Mar 15, 2023 - Mar 17, 2023
#6	-3.71% Dec 11, 2025 - Jan 6, 2026	-2.15% Mar 13, 2023 - Mar 15, 2023
#7	-3.26% Jan 22, 2026 - Feb 9, 2026	-1.50% Nov 16, 2022 - Dec 1, 2022
#8	-3.16% Jun 4, 2026 - Jun 12, 2026	-1.48% Dec 1, 2022 - Dec 13, 2022
#9	-2.47% Sep 18, 2025 - Oct 3, 2025	-0.80% Jan 12, 2023 - Jan 18, 2023
#10	-2.28% Apr 20, 2026 - Apr 30, 2026	-0.20% Dec 14, 2022 - Dec 16, 2022
#11	-1.63% Jan 15, 2026 - Jan 21, 2026	N/A
#12	-1.52% Aug 28, 2025 - Sep 5, 2025	N/A
#13	-1.04% Sep 11, 2025 - Sep 18, 2025	N/A
#14	-0.79% Jun 2, 2026 - Jun 4, 2026	N/A
#15	-0.78% May 28, 2026 - Jun 2, 2026	N/A