DFAS vs MSSM
U.S. Small Cap Portfolio ETF Class Shares against Morgan Stanley Pathway Small-Mid Cap Equity ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
37%
1716 shared positions
Fee gap
36 bp
DFAS is cheaper
1-year return gap
2.1 pts
DFAS is ahead
Larger fund
DFAS
$14.0B
Side by side
| DFAS | MSSM | |
|---|---|---|
| Fund | U.S. Small Cap Portfolio ETF Class Shares | Morgan Stanley Pathway Small-Mid Cap Equity ETF |
| Issuer | Dimensional | Morgan Stanley |
| Category | Small Cap Blend | Mid Cap Blend |
| Expense ratio | 0.26% | 0.62% |
| Assets | $14.0B | $694M |
| Average daily dollar volume | $40M | $821K |
| Listed | Dec 15, 1998 | Nov 18, 1991 |
| FrenzyCap score | 84 | 50 |
| 1-month return | −2.1% | −1.0% |
| 3-month return | −2.9% | −3.9% |
| Year to date | +12.5% | +13.8% |
| 1-year return | +13.8% | +11.7% |
| 30-day volatility | 10.5% | 11.6% |
| Worst drawdown, 1 year | −9.4% | −9.5% |
| Trailing 12-month yield | 1.03% | 2.76% |
| Holdings | 2,125 | 2,237 |
| Top 10 weight | 2.8% | 10.0% |
| Look-through P/E | 36.8 | 68.8 |
| Holdings vs fair value | +16.6% | +10.3% |
| Holdings above 200-day average | 45% | 48% |
| Net flow, latest 3 reported months | +$575M thru Jul 2026 | −$33M thru May 2026 |
| 30-day implied volatility | 15.9% | — |
| Holdings as of | as of Apr 30, 2026SEC filing | as of May 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
97% of DFAS · 65% of MSSM| Holding | DFAS | MSSM |
|---|---|---|
| BWA | 0.25% | 0.41% |
| RMBS | 0.24% | 0.63% |
| ESI | 0.23% | 0.23% |
| AIT | 0.23% | 0.38% |
| HAS | 0.22% | 0.28% |
| FCFS | 0.21% | 0.37% |
| FORM | 0.21% | 0.22% |
| IVZ | 0.21% | 0.24% |
| PR | 0.21% | 0.29% |
| WTFC | 0.21% | 0.47% |
| PL | 0.20% | 0.44% |
| PRIM | 0.20% | 0.36% |
| KNX | 0.20% | 0.33% |
| UMBF | 0.19% | 0.28% |
| OSK | 0.19% | 0.24% |
| KEX | 0.18% | 0.23% |
| MTDR | 0.17% | 0.20% |
| SPXC | 0.21% | 0.17% |
| VSAT | 0.17% | 0.78% |
| RRX | 0.17% | 0.51% |
| IDA | 0.17% | 0.29% |
| SAIA | 0.16% | 0.30% |
| GATX | 0.16% | 0.21% |
| AVT | 0.16% | 0.31% |
| ORA | 0.16% | 0.63% |
Sector mix of the stock holdings
| Sector | DFAS | MSSM | Gap |
|---|---|---|---|
| Industrials | 21.3% | 23.9% | −2.6% |
| Technology | 12.9% | 21.2% | −8.3% |
| Financials | 19.3% | 10.5% | +8.8% |
| Health Care | 10.7% | 11.5% | −0.8% |
| Consumer Discretionary | 12.4% | 8.5% | +3.9% |
| Materials | 7.9% | 4.9% | +2.9% |
| Utilities | 4.0% | 5.0% | −1.0% |
| Energy | 4.7% | 2.5% | +2.3% |
| Consumer Staples | 2.9% | 2.5% | +0.5% |
| Communication Services | 2.1% | 2.9% | −0.8% |
| Real Estate | 0.7% | 0.4% | +0.3% |
| Other | 0.4% | 0.1% | +0.3% |
More: full overlap table · DFAS holdings · MSSM holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.