iShares MSCI USA Small-Cap ETF

MSML ETF

$71.81 +$1.03 (+1.45%) Price as of Oct 20, 2026 market close

Prices on SharpeShare since Oct 21, 2021

52-week range

Low $60.51High $77.55

Has MSML beaten the S&P 500?

Over the last year (to Oct 20, 2026), MSML returned +13.2%; the S&P 500 (SPY) returned +15.8%.

Key figures vs the S&P 500

Annualized growth 
MSML
+13.2%
S&P 500
+15.8%
Largest decline 
MSML
9.4%
S&P 500
8.9%
Risk-adjusted return 
MSML
0.63
S&P 500
0.92
Downside risk-adjusted return 
MSML
0.93
S&P 500
1.35

Oct 20, 2025 – Oct 20, 2026. Returns include dividends and other distributions, reinvested.

How are your investments doing?

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Returns by period

PeriodMSMLS&P 500
1 month -1.0% +1.0%
3 months -2.6% +3.9%
Year to date +11.5% +13.7%
1 year +13.2% +15.8%
3 years (annualized) +19.0% +23.7%

Volatility (1-year, annualized): 15.6%

How has MSML done each year?

MSML didn't return more than the S&P 500 in any of the 4 full calendar years SharpeShare can compare.

MSML S&P 500 (SPY)
  • 2021*: MSML -1.8%, S&P 500 (SPY) +5.1%
  • 2022: MSML -19.0%, S&P 500 (SPY) -18.2%
  • 2023: MSML +19.5%, S&P 500 (SPY) +26.2%
  • 2024: MSML +10.9%, S&P 500 (SPY) +24.9%
  • 2025: MSML +12.5%, S&P 500 (SPY) +17.7%
  • 2026*: MSML +11.5%, S&P 500 (SPY) +13.7%

* Part of a year: the returns SharpeShare measures start or end inside it.

January February March April May June July August September October November December 2021 2022 2023 2024 2025 2026

Select a month to see its return.

Each cell is that month's return, dividends included: green up, red down, uncolored when it rounds to 0.0%.

How rough does it get?

Counting dividends, MSML's largest decline since Oct 2021 was 29.9%, from Nov 8, 2021 to Sep 26, 2022. It was back at that high on Oct 14, 2024, 25 months after the low. During the S&P 500's declines of 10% or more in that time, MSML returned -24.2% (Jan 3 – Oct 12, 2022, when the S&P 500 fell 24.5%) and -22.3% (Feb 19 – Apr 8, 2025, when the S&P 500 fell 18.8%).

MSML below its previous high S&P 500 (SPY) S&P 500 declines of 10% or more

In the last year, MSML moved less than 1% up or down on 73% of trading days. Its biggest one-day fall was 2.3% (Nov 13, 2025); its biggest rise 3.1% (Feb 6, 2026).

MSML: share of days by daily move S&P 500 (SPY)

Highest closing price since Oct 2021: $77.55 on Aug 14, 2026. The latest close, $71.81 on Oct 20, 2026, is 7.4% below it.

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