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. AFSM's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, FSML's top sector exposures are Finance, Technology and Healthcare. AFSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.45% for FSML. AFSM is up 21.04% year-to-date (YTD) with +$37M in YTD flows. FSML performs better with 21.83% YTD performance, and +$128M 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 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AFSM FSML | -0.12%-1.78% | +8.29%+8.00% | +21.04%+21.83% | +31.97%n/a | +57.49%n/a | +60.59%n/a |
| Flows | AFSM FSML | +$14M+$27M | +$21M+$13M | +$37M+$128M | +$60M- | +$95M- | +$98M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AFSM FSML | +17.48%+19.54% | +17.97%n/a | +19.73%n/a | +21.09%n/a |
| Max drawdown | AFSM FSML | -4.08%-4.91% | -9.36%n/a | -24.90%n/a | -28.44%n/a |
| Max drawdown duration | AFSM FSML | 19d16d | 46dn/a | 303dn/a | 815dn/a |
Trading data
AFSM | FSML | |
Last sale 7/28/2026 at 1:30 PM | $39.88 | $30.01 |
| Previous close 07/27/2026 | $39.86 | $30.04 |
| Consolidated volume 07/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/28/2026 at 1:30 PM
Live
Closed
AFSM | FSML | |
|---|---|---|
| Last price | $39.88 | $30.01 |
| 1D performance | +0.06% | -0.10% |
| AuM | $118.94 M | $148.62 M |
| E/R | 0.75% | 0.45% |
Characteristics
AFSM | FSML | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 331 | 300 |
| 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
90.5%
Other
9.5%
FSML
USA
93.61%
Other
6.39%
Sectors
AFSM
Technology
20.19%
Finance
19.34%
Healthcare
18.63%
Industrials
10.53%
Consumer Non-Cycl.
7.31%
Other
24%
FSML
Finance
21.15%
Technology
20.07%
Healthcare
18.32%
Industrials
14.44%
Other
26.03%
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Diversification
AFSM
Total weight of top 15 holdings out of 15
11.65%
FSML
Total weight of top 15 holdings out of 15
21.44%
Top 15 holdings
Data as of June 30, 2026
AFSM
Blue Bird Corp.
0.94%
National HealthCare Corp.
0.94%
Penguin Solutions, Inc.
0.91%
Kulicke & Soffa Industries, Inc.
0.87%
Par Pacific Holdings, Inc.
0.80%
Ames National Corp.
0.78%
Matson, Inc.
0.77%
Sphere Entertainment Co.
0.74%
Liquidia Corp.
0.74%
TrustCo Bank Corp. NY
0.71%
Axcelis Technologies, Inc.
0.70%
Carpenter Technology Corp.
0.69%
Bloom Energy Corp.
0.69%
Lincoln Educational Services Corp.
0.69%
Bel Fuse, Inc.
0.68%
FSML
Bloom Energy Corp.
2.35%
Guardant Health, Inc.
1.94%
10X Genomics, Inc.
1.63%
GeneDx Holdings Corp.
1.60%
Vishay Intertechnology, Inc.
1.51%
Credo Technology Group Holding Ltd.
1.37%
Vicor Corp.
1.30%
Kulicke & Soffa Industries, Inc.
1.28%
BridgeBio Pharma, Inc.
1.28%
Axsome Therapeutics, Inc.
1.25%
Valley National Bancorp
1.22%
FormFactor, Inc.
1.22%
SiTime Corp.
1.20%
Dave, Inc.
1.17%
IES Holdings, Inc.
1.13%
Frequently asked questions about AFSM and FSML
How have the AFSM and FSML ETFs performed in 2026?
As of July 24, 2026, AFSM is up 21.04% year-to-date (YTD), while FSML has returned 21.83%. 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 +$37M in flows, compared to +$128M for FSML.
Which ETF is bigger: AFSM or FSML?
As of July 24, 2026, AFSM holds $118.94 M in assets under management (AUM), while FSML manages $148.62 M.
What sectors do the AFSM and FSML ETFs invest in?
AFSM leans toward sectors like Technology, Finance and Healthcare. Meanwhile, FSML focuses on Finance, Technology and Healthcare.
What are the top holdings of the AFSM ETF and FSML ETF?
AFSM top holdings include Blue Bird Corp., National HealthCare Corp. and Penguin Solutions, Inc.. FSML holds in its top three: Bloom Energy Corp., Guardant Health, Inc. and 10X Genomics, Inc..
Which ETF is more diversified: AFSM or FSML?
AFSM holds 332 securities with 11.65% of its assets in the top 15. FSML has 301 securities and a top 15 weight of 21.44%.
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