AFSMvsFSMLETF Comparison
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First Trust Active Factor Small Cap ETF (AFSM) and Franklin Small Cap Enhanced ETF (FSML) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Finance, Healthcare and Technology. AFSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.45% for FSML. AFSM is up 20.73% year-to-date (YTD) with +$51M in YTD flows. FSML performs worse with 16.93% YTD performance, and +$136M 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
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AFSM FSML | +0.24%-1.10% | -0.55%-3.58% | +20.73%+16.93% | +22.20%n/a | +78.58%n/a | +50.72%n/a |
| Flows | AFSM FSML | +$4M+$6M | +$16M+$7M | +$51M+$136M | +$71M- | +$110M- | +$111M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AFSM FSML | +12.94%+14.63% | +17.05%n/a | +19.50%n/a | +20.94%n/a |
| Max drawdown | AFSM FSML | -5.90%-9.19% | -9.36%n/a | -24.90%n/a | -28.44%n/a |
| Max drawdown duration | AFSM FSML | 68d68d | 46dn/a | 303dn/a | 815dn/a |
Trading data
AFSM | FSML | |
Last sale 10/26/2026 at 1:30 PM | $39.67 | $28.90 |
| Previous close 10/23/2026 | $39.52 | $28.81 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
AFSM | FSML | |
|---|---|---|
| Last price | $39.67 | $28.90 |
| 1D performance | +0.38% | +0.33% |
| AuM | $132.41 M | $149.84 M |
| E/R | 0.75% | 0.45% |
Characteristics
AFSM | FSML | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 316 | 297 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2019 | December 9, 2025 |
| ESG | No | No |
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Exposure
Countries
AFSM
USA
89.81%
Other
10.19%
FSML
USA
93.67%
Other
6.33%
Sectors
AFSM
Finance
21.66%
Healthcare
20.86%
Technology
16.52%
Industrials
8.35%
Energy
8.13%
Other
24.48%
FSML
Finance
24.2%
Healthcare
21.54%
Technology
12.85%
Industrials
11.1%
Energy
7.39%
Other
22.92%
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Diversification
AFSM
Total weight of top 15 holdings out of 15
11.89%
FSML
Total weight of top 15 holdings out of 15
20.28%
Top 15 holdings
Data as of August 31, 2026
AFSM
Par Pacific Holdings, Inc.
1.21%
Eton Pharmaceuticals, Inc.
0.96%
National HealthCare Corp.
0.93%
Matson, Inc.
0.86%
Abercrombie & Fitch Co.
0.81%
TrustCo Bank Corp. NY
0.76%
Protagonist Therapeutics, Inc.
0.75%
Kiniksa Pharmaceuticals International Plc
0.75%
Teekay Tankers Ltd.
0.73%
Seneca Foods Corp.
0.72%
Heritage Insurance Holdings, Inc.
0.71%
Interface, Inc.
0.69%
Ames National Corp.
0.68%
Halozyme Therapeutics, Inc.
0.67%
Krystal Biotech, Inc.
0.66%
FSML
10X Genomics, Inc.
1.88%
Jackson Financial, Inc.
1.55%
Oceaneering International, Inc.
1.44%
Core Natural Resources, Inc.
1.39%
Acadian Asset Management, Inc.
1.39%
GeneDx Holdings Corp.
1.39%
Korn Ferry
1.34%
Box, Inc.
1.30%
TG Therapeutics, Inc.
1.28%
Tutor Perini Corp.
1.28%
ACADIA Pharmaceuticals, Inc.
1.25%
Krystal Biotech, Inc.
1.24%
Xenon Pharmaceuticals, Inc.
1.22%
National Energy Services Reunited Corp.
1.19%
Valley National Bancorp
1.17%
Frequently asked questions about AFSM and FSML
How have the AFSM and FSML ETFs performed in 2026?
As of October 23, 2026, AFSM is up 20.73% year-to-date (YTD), while FSML has returned 16.93%. That puts AFSM better performer ahead so far this year.
Which ETF is attracting more investor money: AFSM or FSML?
Year-to-date, the AFSM ETF saw +$51M in flows, compared to +$136M for FSML.
Which ETF is bigger: AFSM or FSML?
As of October 23, 2026, AFSM holds $132.41 M in assets under management (AUM), while FSML manages $149.84 M.
What sectors do the AFSM and FSML ETFs invest in?
AFSM leans toward sectors like Finance, Healthcare and Technology. Meanwhile, FSML focuses on Finance, Healthcare and Technology.
What are the top holdings of the AFSM ETF and FSML ETF?
AFSM top holdings include Par Pacific Holdings, Inc., Eton Pharmaceuticals, Inc. and National HealthCare Corp.. FSML holds in its top three: 10X Genomics, Inc., Jackson Financial, Inc. and Oceaneering International, Inc..
Which ETF is more diversified: AFSM or FSML?
AFSM holds 317 securities with 11.89% of its assets in the top 15. FSML has 298 securities and a top 15 weight of 20.28%.
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