Summary
MSSM
Prices · period metrics · 12M
NAV as of 20/07/2026
02/04/2025 → 02/04/2026
Return 28.70% Volatility 21.93% Sharpe 0.88
Official loaded data — not a live quote.

MORGAN STANLEY PATHWAY SMALL-MID CAP EQUITY ETF

Symbol: MSSM

Exchange: NYSE

Sector: Technology

Category: Small Blend

Inception date: 18/11/1991

Latest date: 20/07/2026

Current price: $59.39

Expense ratio: 0.62%

Assets under management
$761.8M
-0.36% daily change

Period performance

Adjusted cumulative ETF performance, normalized to the first available adjusted price in the selected period.

Adjusted return
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Performance metrics

Period total return

-2.38%

Ann. -40.30% (Sharpe / Sortino numerator)

Volatility

24.87%

Sharpe ratio

-1.767

VaR 95%

-2.35%

CVaR 95%: -2.40%
Max drawdown: -8.27%
Sortino ratio: -3.386
Calmar ratio: -4.87

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

3.63%

Ann. 8.79% (Sharpe / Sortino numerator)

Volatility

19.77%

Sharpe ratio

0.261

VaR 95%

-1.91%

CVaR 95%: -2.24%
Max drawdown: -9.50%
Sortino ratio: 0.419
Calmar ratio: 0.93

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

10.68%

Ann. 11.28% (Sharpe / Sortino numerator)

Volatility

18.83%

Sharpe ratio

0.406

VaR 95%

-1.87%

CVaR 95%: -2.36%
Max drawdown: -9.50%
Sortino ratio: 0.637
Calmar ratio: 1.19

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

28.70%

Ann. 23.01% (Sharpe / Sortino numerator)

Volatility

21.93%

Sharpe ratio

0.884

VaR 95%

-1.87%

CVaR 95%: -3.10%
Max drawdown: -9.50%
Sortino ratio: 1.187
Calmar ratio: 2.42

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Daily returns for period 12M

Daily simple returns from the same adjusted closes used by the performance chart: 21/07/2025 - 20/07/2026.

Methodology: adjusted prices + daily simple return
Average daily return

0.107%

Best day

3.405%

31/03/2026
Worst day

-3.123%

10/10/2025
Days with data

250

Recent price history (last 90 days)

Date Open High Low Close Volume
20/07/2026 $59.60 $59.89 $59.34 $59.39 11,000
17/07/2026 $59.90 $60.15 $59.72 $59.90 7,500
16/07/2026 $59.92 $60.53 $59.92 $60.18 10,200
15/07/2026 $60.13 $60.50 $59.87 $60.18 15,900
14/07/2026 $60.32 $60.32 $59.87 $60.10 8,900
13/07/2026 $60.39 $60.51 $59.96 $59.96 9,200
10/07/2026 $60.56 $60.57 $60.34 $60.50 7,400
09/07/2026 $60.40 $60.73 $60.16 $60.54 9,600
08/07/2026 $59.84 $60.07 $59.10 $59.73 8,600
07/07/2026 $59.90 $60.67 $59.90 $60.32 11,300