MSSM vs. SMDV
Compare and contrast key facts about Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) and ProShares Russell 2000 Dividend Growers ETF (SMDV).
MSSM and SMDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSSM is an actively managed fund by Morgan Stanley. It was launched on Dec 9, 2024. SMDV is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Dividend Growth Index. It was launched on Feb 5, 2015.
Performance
MSSM vs. SMDV - Performance Comparison
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MSSM vs. SMDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSSM Morgan Stanley Pathway Small-Mid Cap Equity ETF | 2.02% | 11.33% | -5.83% |
SMDV ProShares Russell 2000 Dividend Growers ETF | 4.65% | 0.26% | -7.07% |
Returns By Period
In the year-to-date period, MSSM achieves a 2.02% return, which is significantly lower than SMDV's 4.65% return.
MSSM
- 1D
- 3.41%
- 1M
- -5.48%
- YTD
- 2.02%
- 6M
- 4.73%
- 1Y
- 23.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMDV
- 1D
- 1.00%
- 1M
- -3.75%
- YTD
- 4.65%
- 6M
- 4.62%
- 1Y
- 7.62%
- 3Y*
- 6.98%
- 5Y*
- 3.59%
- 10Y*
- 7.09%
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MSSM vs. SMDV - Expense Ratio Comparison
MSSM has a 0.62% expense ratio, which is higher than SMDV's 0.40% expense ratio.
Return for Risk
MSSM vs. SMDV — Risk / Return Rank
MSSM
SMDV
MSSM vs. SMDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) and ProShares Russell 2000 Dividend Growers ETF (SMDV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MSSM | SMDV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.42 | +0.65 |
Sortino ratioReturn per unit of downside risk | 1.58 | 0.75 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.09 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 0.71 | +0.92 |
Martin ratioReturn relative to average drawdown | 6.89 | 2.07 | +4.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSSM | SMDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.42 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.37 | -0.12 |
Correlation
The correlation between MSSM and SMDV is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MSSM vs. SMDV - Dividend Comparison
MSSM's dividend yield for the trailing twelve months is around 3.09%, more than SMDV's 2.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSSM Morgan Stanley Pathway Small-Mid Cap Equity ETF | 3.09% | 3.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMDV ProShares Russell 2000 Dividend Growers ETF | 2.51% | 2.67% | 2.68% | 2.69% | 2.51% | 2.02% | 2.13% | 2.03% | 1.97% | 1.84% | 1.35% | 1.81% |
Drawdowns
MSSM vs. SMDV - Drawdown Comparison
The maximum MSSM drawdown since its inception was -24.18%, smaller than the maximum SMDV drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for MSSM and SMDV.
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Drawdown Indicators
| MSSM | SMDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.18% | -34.12% | +9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -14.13% | -10.94% | -3.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.12% | — |
Current DrawdownCurrent decline from peak | -6.42% | -6.47% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -5.99% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 3.73% | -0.39% |
Volatility
MSSM vs. SMDV - Volatility Comparison
Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) has a higher volatility of 7.40% compared to ProShares Russell 2000 Dividend Growers ETF (SMDV) at 4.27%. This indicates that MSSM's price experiences larger fluctuations and is considered to be riskier than SMDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSSM | SMDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 4.27% | +3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 10.67% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.97% | 18.24% | +3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.36% | 18.71% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.36% | 20.71% | +0.65% |