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AFSMvsFSMLETF Comparison

ETF 1

AFSM

First Trust Active Factor Small Cap ETF

This fund is part of

US Multi-Factor

-0.26%

Full AFSM fund page

VS

ETF 2

FSML

Franklin Small Cap Enhanced ETF

This fund is part of

US Multi-Factor

-0.26%

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, Financials and Information Technology. AFSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.45% for FSML. AFSM is up 5.37% year-to-date (YTD) with +$16M in YTD flows. FSML performs better with 5.51% YTD performance, and +$116M 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 04/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	AFSM FSML	+3.88%+3.65%	+1.15%-0.71%	+5.37%+5.51%	+34.59%n/a	+54.24%n/a	+40.28%n/a
Flows	AFSM FSML	-$3M-	+$11M+$116M	+$16M+$116M	+$42M-	+$74M-	+$75M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	AFSM FSML	+21.36%+22.66%	+18.10%n/a	+19.73%n/a	+21.27%n/a
Max drawdown	AFSM FSML	-9.36%-11.01%	-9.36%n/a	-24.90%n/a	-28.44%n/a
Max drawdown duration	AFSM FSML	43d60d	43dn/a	303dn/a	815dn/a

Trading data

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	AFSM	FSML
Last sale 4/10/2026 at 1:30 PM	$34.56	$25.99
Previous close 04/10/2026	$34.75	$26.09
Consolidated volume 04/10/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/10/2026 at 1:30 PM

Live

Closed

	AFSM	FSML
Last price	$34.56	$25.99
1D performance	-0.55%	-0.38%
AuM	$84.72 M	$118.31 M
E/R	0.75%	0.45%

Characteristics

	AFSM	FSML
Management strategy	Active	Active
Provider	First Trust	Franklin Templeton
Benchmark	-	-
N° of holdings	283	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

86.67%

Other

13.33%

FSML

USA

90.5%

Other

9.5%

Sectors

AFSM

Information Techn.

16.45%

Industrials

16.3%

Health Care

16.2%

Financials

14.28%

Consumer Discreti.

8.94%

Other

27.83%

FSML

Industrials

18.83%

Financials

14.68%

Information Techn.

14.52%

Health Care

14.49%

Consumer Discreti.

9.28%

Other

28.2%

Diversification

AFSM

Total weight of top 15 holdings out of 15

13.7%

FSML

Total weight of top 15 holdings out of 15

20.17%

Top 15 holdings

Data as of February 28, 2026

AFSM

TTM TECHNOLOGIES

1.31%

BLOOM ENERGY CORP

1.21%

PEABODY ENERGY

1.06%

AMES NATIONAL

1.01%

VIAVI SOLUTIONS INC

0.93%

NLIGHT INC

0.90%

KYG386441037

0.89%

VICOR

0.86%

INTERFACE

0.84%

US71385M1071

0.82%

NATIONAL HEALTHCARE

0.81%

CALEDONIA MINING CORP PLC

0.79%

INTERDIGITAL

0.77%

PHOTRONICS

0.76%

HECLA MINING

0.74%

FSML

VALARIS LTD

1.72%

BLOOM ENERGY CORP

1.60%

PRIMORIS SERVICES

1.44%

AVIENT CORP

1.33%

VALLEY NATL BANCORP

1.31%

COMMERCIAL METALS

1.31%

US04956D1072

1.30%

KRATOS DEFENSE AND SECURITY SOLS

1.30%

HERBALIFE NUTRITION

1.29%

KULICKE AND SOFFA INDUSTRIES

1.29%

AXSOME THERA CMN STK

1.28%

BRIDGEBIO PHARMA

1.27%

GUARDANT HEALTH INC

1.25%

JACKSON FINANCIAL INC

1.24%

ONE GAS INC

1.23%

Frequently asked questions about AFSM and FSML

How have the AFSM and FSML ETFs performed in 2026?

As of April 10, 2026, AFSM is up 5.37% year-to-date (YTD), while FSML has returned 5.51%. 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 +$16M in flows, compared to +$116M for FSML.

Which ETF is bigger: AFSM or FSML?

As of April 10, 2026, AFSM holds $84.72 M in assets under management (AUM), while FSML manages $118.31 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, Financials and Information Technology.

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

AFSM top holdings include TTM TECHNOLOGIES, BLOOM ENERGY CORP and PEABODY ENERGY. FSML holds in its top three: VALARIS LTD, BLOOM ENERGY CORP and PRIMORIS SERVICES.

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 April 10, 2026, AFSM is up 5.37% year-to-date (YTD), while FSML has returned 5.51%. 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 +$16M in flows, compared to +$116M for FSML.

Which ETF is bigger: AFSM or FSML?

As of April 10, 2026, AFSM holds $84.72 M in assets under management (AUM), while FSML manages $118.31 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, Financials and Information Technology.

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

AFSM top holdings include TTM TECHNOLOGIES, BLOOM ENERGY CORP and PEABODY ENERGY. FSML holds in its top three: VALARIS LTD, BLOOM ENERGY CORP and PRIMORIS SERVICES.

Which ETF is more diversified: AFSM or FSML?

AFSM holds 312 securities with 13.7% of its assets in the top 15. FSML has 298 securities and a top 15 weight of 20.17%.

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