AFSMvsITWOETF Comparison
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First Trust Active Factor Small Cap ETF (AFSM) belongs to the US Multi-Factor segment. ProShares Russell 2000 High Income ETF (ITWO) is part of the Options Strategies segment. AFSM's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, ITWO's top sector exposures are Finance, Healthcare and Technology. AFSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.55% for ITWO. AFSM is up 21.04% year-to-date (YTD) with +$37M in YTD flows. ITWO performs worse with 20.71% YTD performance, and +$73M in YTD flows. Run a side-by-side ETF comparison of AFSM and ITWO 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 ITWO 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 ITWO | -0.12%-1.86% | +8.29%+6.63% | +21.04%+20.71% | +31.97%+31.61% | +57.49%n/a | +60.59%n/a |
| Flows | AFSM ITWO | +$14M+$7M | +$21M+$14M | +$37M+$73M | +$60M+$116M | +$95M- | +$98M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AFSM ITWO | +17.48%+18.33% | +17.97%+18.48% | +19.73%n/a | +21.09%n/a |
| Max drawdown | AFSM ITWO | -4.08%-4.67% | -9.36%-9.74% | -24.90%n/a | -28.44%n/a |
| Max drawdown duration | AFSM ITWO | 19d16d | 46d81d | 303dn/a | 815dn/a |
Trading data
AFSM | ITWO | |
Last sale 7/28/2026 at 2:00 PM | $39.65 | $45.64 |
| Previous close 07/27/2026 | $39.86 | $45.34 |
| Consolidated volume 07/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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AFSM
is actively managed and doesn’t replicate an indexAFSM | ITWO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/28/2026 at 2:00 PM
Live
Closed
AFSM | ITWO | |
|---|---|---|
| Last price | $39.65 | $45.64 |
| 1D performance | -0.53% | +0.66% |
| AuM | $118.94 M | $198.18 M |
| E/R | 0.75% | 0.55% |
Characteristics
AFSM | ITWO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | ProShares |
| Benchmark | - | Cboe Russell 2000 Daily Covered Call Index |
| N° of holdings | 331 | 1858 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2019 | September 4, 2024 |
| ESG | No | No |
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Exposure
Countries
AFSM
USA
90.5%
Other
9.5%
ITWO
USA
79.77%
Other
20.23%
Sectors
AFSM
Technology
20.19%
Finance
19.34%
Healthcare
18.63%
Industrials
10.53%
Consumer Non-Cycl.
7.31%
Other
24%
ITWO
Finance
19.62%
Healthcare
14.67%
Technology
14.21%
Industrials
13.15%
Other
38.35%
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Diversification
AFSM
Total weight of top 15 holdings out of 15
11.65%
ITWO
Total weight of top 15 holdings out of 15
8.3%
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%
ITWO
Bloom Energy Corp.
1.76%
Credo Technology Group Holding Ltd.
1.07%
Sterling Infrastructure, Inc.
0.64%
TTM Technologies, Inc.
0.53%
Fabrinet
0.50%
IonQ, Inc.
0.46%
Nextpower, Inc.
0.42%
Guardant Health, Inc.
0.42%
Coeur Mining, Inc.
0.39%
SiTime Corp.
0.38%
Semtech Corp.
0.36%
Modine Manufacturing Co.
0.36%
Dycom Industries, Inc.
0.35%
Advanced Energy Industries, Inc.
0.33%
EchoStar Corp.
0.33%
Frequently asked questions about AFSM and ITWO
How have the AFSM and ITWO ETFs performed in 2026?
As of July 24, 2026, AFSM is up 21.04% year-to-date (YTD), while ITWO has returned 20.71%. That puts AFSM better performer ahead so far this year.
Which ETF is attracting more investor money: AFSM or ITWO?
Year-to-date, the AFSM ETF saw +$37M in flows, compared to +$73M for ITWO.
Which ETF is more volatile: AFSM or ITWO?
Over the past year, AFSM had a volatility of 17.97%, while ITWO experienced 18.48%.
Which ETF is bigger: AFSM or ITWO?
As of July 24, 2026, AFSM holds $118.94 M in assets under management (AUM), while ITWO manages $198.18 M.
What sectors do the AFSM and ITWO ETFs invest in?
AFSM leans toward sectors like Technology, Finance and Healthcare. Meanwhile, ITWO focuses on Finance, Healthcare and Technology.
What are the top holdings of the AFSM ETF and ITWO ETF?
AFSM top holdings include Blue Bird Corp., National HealthCare Corp. and Penguin Solutions, Inc.. ITWO holds in its top three: Bloom Energy Corp., Credo Technology Group Holding Ltd. and Sterling Infrastructure, Inc..
Which ETF is more diversified: AFSM or ITWO?
AFSM holds 332 securities with 11.65% of its assets in the top 15. ITWO has 1866 securities and a top 15 weight of 8.3%.
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Latest news about AFSM & ITWO
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