MSLC vs USSE
Morgan Stanley Pathway Large Cap Equity ETF vs Segall Bryant & Hamill Select Equity ETF
Which is better, MSLC or USSE?
Each has led over a different period.
MSLC has a lower expense ratio. MSLC led over the full window, USSE over 1Y. MSLC is less concentrated, with 35.6% of the fund in its ten largest positions against 58.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MSLC | USSE |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.65% |
| AUM | $4.1B | $372M |
| Dividend Yield | 1.95% | 0.00% |
| Holdings | 793 | 42 |
| YTD Return | +10.97% | +22.80%Best |
| 1Y Return | +14.08% | +25.31%Best |
| 3Y Return (annualized) | - | +18.49% |
| Volatility (annualized) | 11.9%Best | 14.6% |
| Max Drawdown | -17.9%Best | -22.4% |
| $10,000 over 1.8 years | $12,375Best | $12,324 |
| Top 10 Weight | 35.6%Best | 58.1% |
| Fund Family | Morgan Stanley | Segall Bryaant & Hamill Asset management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 9, 2024 | Aug 29, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 9, 2024 to Oct 14, 2026 (1.8 years).
MSLC vs USSE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
MSLC vs USSE Performance
Morgan Stanley Pathway Large Cap Equity ETF (MSLC) is an ETF from Morgan Stanley and Segall Bryant & Hamill Select Equity ETF (USSE) is an ETF from Segall Bryaant & Hamill Asset management. Over the past year MSLC returned +14.08% while USSE returned +25.31%. Year to date, MSLC is up 10.97% versus a gain of 22.80% for USSE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
USSE has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 11.9% for MSLC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.9% for MSLC and -22.4% for USSE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MSLC charges 0.39% per year while USSE charges 0.65%. On a $10,000 position that is $39 vs $65 annually, a gap of $26 per year that compounds over a long holding period. On income, MSLC currently yields 1.95% against 0.00% for USSE.
Holdings Overlap
32.5% of MSLC's money is in holdings USSE also owns. 93.7% of USSE's money is in holdings MSLC also owns.
Most of USSE is already inside MSLC. Owning both mostly buys the same companies twice.
19 positions in common, counted across the 789 positions we hold weights for in MSLC and 20 in USSE, against full books of 793 and 42.
What only one of them owns
Our book lists 0 positions for USSE that do not appear in our book for MSLC (0.0% of the fund), and 673 for MSLC that do not appear in USSE (64.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in MSLC | Weight in USSE | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.04% | 7.48% | 0.44% |
| MSFTMicrosoft Corp | 5.55% | 7.22% | 1.67% |
| AAPLApple, Inc | 5.80% | 4.67% | 1.13% |
| AMZNAmazon.Com Inc | 4.07% | 5.61% | 1.54% |
| GOOGAlphabet Inc. C | 1.95% | 6.98% | 5.03% |
| ANETArista Networks Inc. | 0.27% | 5.81% | 5.54% |
| METAMeta Platforms Inc | 2.31% | 3.68% | 1.37% |
| ATIAti Inc | 0.03% | 5.92% | 5.89% |
| JPMJpmorgan Chase | 1.61% | 4.20% | 2.59% |
| PANWPalo Alto Networks, Inc | 0.37% | 5.05% | 4.68% |
93.7% of USSE is already inside MSLC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MSLC or USSE?
MSLC has an expense ratio of 0.39% while USSE charges 0.65%. MSLC is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, MSLC or USSE?
Over the past year MSLC returned +14.08% vs +25.31% for USSE, so USSE leads on 1-year performance. Over the longest common window we track (2 years), MSLC annualized +12.57% vs +12.31% for USSE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MSLC or USSE?
USSE has been the more volatile fund at 14.6% annualized versus 11.9% for MSLC. Worst drawdown: MSLC -17.9% vs USSE -22.4%.
Should I hold both MSLC and USSE?
MSLC and USSE have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MSLC and USSE?
93.7% of USSE's money is in holdings MSLC also owns. 93.7% of USSE's is in holdings MSLC also owns. They hold 19 positions in common, counted across the 789 positions we hold weights for in MSLC and 20 in USSE.
Which pays a higher dividend, MSLC or USSE?
MSLC yields 1.95% while USSE yields 0.00%, so MSLC currently pays the higher dividend yield.
Is USSE better than MSLC?
MSLC has a lower expense ratio. MSLC led over the full window, USSE over 1Y. MSLC is less concentrated, with 35.6% of the fund in its ten largest positions against 58.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.