PEO vs MSSM

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

PEO vs MSSM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

PEO

$762M

MSSM

$762M

Expense Ratio

PEO

N/A

MSSM

0.62%

Max Drawdown

PEO

86.24%

Winner

MSSM

24.18%

Sharpe Ratio

Winner

PEO

1.52

MSSM

1.34

5Y Beta

Winner

PEO

0.51

MSSM

1.04

P/E Ratio

PEO

N/A

MSSM

100.11

Forward P/E

PEO

N/A

MSSM

15.38

5Y Dividends CAGR

PEO

28.22%

MSSM

N/A

5Y EPS CAGR

PEO

N/A

MSSM

14.28%

Debt to Equity

PEO

N/A

MSSM

54.67%

P/S Ratio

PEO

N/A

MSSM

1.30

P/B Ratio

PEO

N/A

MSSM

2.46

PEO vs MSSM - Historical Returns

Returns include dividend reinvestment.

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

Winner

PEO

+9.61%

MSSM

-1.35%

PEO

+5.22%

Winner

MSSM

+5.57%

Winner

PEO

+16.44%

MSSM

+9.79%

Winner

PEO

+35.98%

MSSM

+29.99%

5Y(CAGR)

PEO

+21.44%

MSSM

N/A

10Y(CAGR)

PEO

+10.44%

MSSM

N/A

Max(CAGR)

PEO

+7.96%

Winner

MSSM

+14.43%

PEO vs MSSM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

PEO vs MSSM Drawdown Comparison

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

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

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

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

Correlation

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

0.85

-101

Dividend Comparison (2000 - 2026)

PEO vs MSSM dividend yield comparison.

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