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AFSMvsFSMLETF Comparison

ETF 1

AFSM

First Trust Active Factor Small Cap ETF

This fund is part of

US Multi-Factor

+1.86%

Full AFSM fund page

VS

ETF 2

FSML

Franklin Small Cap Enhanced ETF

This fund is part of

US Multi-Factor

+1.86%

Full FSML fund page

First Trust Active Factor Small Cap ETF (AFSM) and Franklin Small Cap Enhanced ETF (FSML) belong to the same industry segment: US Multi-Factor. AFSM's top 3 sector exposures are Information Technology, Industrials and Health Care. In contrast, FSML's top sector exposures are Industrials, Information Technology and Health Care. AFSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.45% for FSML. AFSM is up 15.09% year-to-date (YTD) with +$23M in YTD flows. FSML performs better with 19.07% YTD performance, and +$101M in YTD flows. Run a side-by-side ETF comparison of AFSM and FSML below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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AFSM vs FSML performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	AFSM FSML	+0.06%+3.28%	+13.47%+17.53%	+15.09%+19.07%	+27.88%n/a	+58.49%n/a	+49.49%n/a
Flows	AFSM FSML	+$4M-$34M	+$4M-$15M	+$23M+$101M	+$49M-	+$81M-	+$84M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	AFSM FSML	+20.31%+22.42%	+17.93%n/a	+19.69%n/a	+21.17%n/a
Max drawdown	AFSM FSML	-4.73%-4.91%	-9.36%n/a	-24.90%n/a	-28.44%n/a
Max drawdown duration	AFSM FSML	8d16d	46dn/a	303dn/a	815dn/a

Trading data

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	AFSM	FSML
Last sale 6/12/2026 at 1:30 PM	$39.47	$29.52
Previous close 06/11/2026	$38.96	$29.33
Consolidated volume 06/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	AFSM	FSML
Last price	$39.47	$29.52
1D performance	+1.31%	+0.64%
AuM	$100.09 M	$118.84 M
E/R	0.75%	0.45%

Characteristics

	AFSM	FSML
Management strategy	Active	Active
Provider	First Trust	Franklin Templeton
Benchmark	-	-
N° of holdings	286	270
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 3, 2019	December 9, 2025
ESG	No	No

More AFSM data on Trackinsight

More FSML data on Trackinsight

Exposure

Countries

AFSM

USA

81.06%

Other

18.94%

FSML

USA

92.14%

Other

7.86%

Sectors

AFSM

Information Techn.

17.27%

Industrials

17.09%

Health Care

16.61%

Financials

14.26%

Consumer Discreti.

8.45%

Other

26.31%

FSML

Industrials

19.15%

Information Techn.

16.87%

Health Care

15.1%

Financials

12.96%

Consumer Discreti.

8.92%

Other

27%

Diversification

AFSM

Total weight of top 15 holdings out of 15

14.77%

FSML

Total weight of top 15 holdings out of 15

23.53%

Top 15 holdings

Data as of April 30, 2026

AFSM

TTM TECHNOLOGIES

1.77%

BLOOM ENERGY CORP

1.57%

VIAVI SOLUTIONS INC

1.19%

VICOR

1.11%

PERIMETER SOLUTIONS

1.00%

PHOTRONICS

0.97%

AMES NATIONAL

0.97%

NLIGHT INC

0.84%

CREDO TECHNOLOGY GROUP HOLDING

0.82%

NATIONAL HEALTHCARE

0.78%

AXCELIS TECHNOLOGIES

0.77%

INTERFACE

0.75%

SCORPIO TANKERS

0.75%

ENERSYS

0.75%

COMFORT SYSTEMS USA

0.75%

FSML

BLOOM ENERGY CORP

3.41%

FORMFACTOR

1.87%

KULICKE AND SOFFA INDUSTRIES

1.66%

IES HOLDINGS

1.64%

NLIGHT INC

1.62%

AXSOME THERA CMN STK

1.46%

BOX INC

1.40%

GUARDANT HEALTH INC

1.36%

BUCKLE

1.34%

ALLIANCE DATA SYSTEMS

1.33%

SITIME CORP

1.32%

BRIDGEBIO PHARMA

1.31%

VALLEY NATL BANCORP

1.29%

PRIMORIS SERVICES

1.29%

GULFPORT ENERGY

1.24%

Frequently asked questions about AFSM and FSML

How have the AFSM and FSML ETFs performed in 2026?

As of June 10, 2026, AFSM is up 15.09% year-to-date (YTD), while FSML has returned 19.07%. That puts FSML better performer ahead so far this year.

Which ETF is attracting more investor money: AFSM or FSML?

Year-to-date, the AFSM ETF saw +$23M in flows, compared to +$101M for FSML.

Which ETF is bigger: AFSM or FSML?

As of June 10, 2026, AFSM holds $100.09 M in assets under management (AUM), while FSML manages $118.84 M.

What sectors do the AFSM and FSML ETFs invest in?

AFSM leans toward sectors like Information Technology, Industrials and Health Care. Meanwhile, FSML focuses on Industrials, Information Technology and Health Care.

What are the top holdings of the AFSM ETF and FSML ETF?

AFSM top holdings include TTM TECHNOLOGIES, BLOOM ENERGY CORP and VIAVI SOLUTIONS INC. FSML holds in its top three: BLOOM ENERGY CORP, FORMFACTOR and KULICKE AND SOFFA INDUSTRIES.

AFSMvsFSMLETF Comparison

First Trust Active Factor Small Cap ETF

Franklin Small Cap Enhanced ETF

AFSM vs FSML performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the AFSM and FSML ETFs performed in 2026?

As of June 10, 2026, AFSM is up 15.09% year-to-date (YTD), while FSML has returned 19.07%. That puts FSML better performer ahead so far this year.

Which ETF is attracting more investor money: AFSM or FSML?

Year-to-date, the AFSM ETF saw +$23M in flows, compared to +$101M for FSML.

Which ETF is bigger: AFSM or FSML?

As of June 10, 2026, AFSM holds $100.09 M in assets under management (AUM), while FSML manages $118.84 M.

What sectors do the AFSM and FSML ETFs invest in?

AFSM leans toward sectors like Information Technology, Industrials and Health Care. Meanwhile, FSML focuses on Industrials, Information Technology and Health Care.

What are the top holdings of the AFSM ETF and FSML ETF?

AFSM top holdings include TTM TECHNOLOGIES, BLOOM ENERGY CORP and VIAVI SOLUTIONS INC. FSML holds in its top three: BLOOM ENERGY CORP, FORMFACTOR and KULICKE AND SOFFA INDUSTRIES.

Which ETF is more diversified: AFSM or FSML?

AFSM holds 288 securities with 14.77% of its assets in the top 15. FSML has 297 securities and a top 15 weight of 23.53%.

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