AFSMvsIVSSETF Comparison
VS
First Trust Active Factor Small Cap ETF (AFSM) and Applied Finance IVS US SMID ETF (IVSS) belong to the same industry segment: US Multi-Factor. AFSM's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, IVSS's top sector exposures are Finance, Technology and Healthcare. AFSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.59% for IVSS. AFSM is up 22.2% year-to-date (YTD) with +$45M in YTD flows. IVSS performs worse with 18.57% YTD performance, and +$19M in YTD flows. Run a side-by-side ETF comparison of AFSM and IVSS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
AFSM vs IVSS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AFSM IVSS | -1.45%-2.40% | +5.40%+4.82% | +22.20%+18.57% | +23.52%n/a | +66.45%n/a | +58.01%n/a |
| Flows | AFSM IVSS | +$8M- | +$22M+$757K | +$45M+$19M | +$65M- | +$104M- | +$105M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AFSM IVSS | +15.07%+11.84% | +17.62%n/a | +19.71%n/a | +21.01%n/a |
| Max drawdown | AFSM IVSS | -4.36%-4.30% | -9.36%n/a | -24.90%n/a | -28.44%n/a |
| Max drawdown duration | AFSM IVSS | 24d36d | 46dn/a | 303dn/a | 815dn/a |
Trading data
AFSM | IVSS | |
Last sale 9/11/2026 at 1:30 PM | $40.02 | $29.77 |
| Previous close 09/10/2026 | $39.68 | $29.66 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
AFSM | IVSS | |
|---|---|---|
| Last price | $40.02 | $29.77 |
| 1D performance | +0.86% | +0.38% |
| AuM | $128.09 M | $27.63 M |
| E/R | 0.75% | 0.59% |
Characteristics
AFSM | IVSS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Applied Finance |
| Benchmark | - | - |
| N° of holdings | 329 | 357 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2019 | December 3, 2025 |
| ESG | No | No |
Advertisement
Exposure
Countries
AFSM
USA
89.64%
Other
10.36%
IVSS
USA
90.5%
Other
9.5%
Sectors
AFSM
Finance
20.86%
Healthcare
20.23%
Technology
16.99%
Industrials
9.45%
Other
32.47%
IVSS
Finance
19.34%
Technology
17.2%
Healthcare
13.15%
Industrials
10.21%
Energy
8.02%
Other
32.08%
Advertisement
Diversification
AFSM
Total weight of top 15 holdings out of 15
11.78%
IVSS
Total weight of top 15 holdings out of 15
21.53%
Top 15 holdings
Data as of July 31, 2026
AFSM
National HealthCare Corp.
1.06%
Eton Pharmaceuticals, Inc.
1.01%
Par Pacific Holdings, Inc.
0.99%
Matson, Inc.
0.83%
Ames National Corp.
0.83%
Blue Bird Corp.
0.75%
Rigel Pharmaceuticals, Inc.
0.74%
Teekay Tankers Ltd.
0.74%
TrustCo Bank Corp. NY
0.73%
Interface, Inc.
0.72%
Kiniksa Pharmaceuticals International Plc
0.69%
Sphere Entertainment Co.
0.69%
Penguin Solutions, Inc.
0.68%
Liquidia Corp.
0.67%
Heritage Insurance Holdings, Inc.
0.65%
IVSS
Sterling Infrastructure, Inc.
2.01%
Sezzle, Inc.
1.86%
Dave, Inc.
1.84%
HealthEquity, Inc.
1.65%
InterDigital, Inc.
1.59%
PJT Partners, Inc.
1.55%
BrightSpring Health Services, Inc.
1.39%
ACI Worldwide, Inc.
1.32%
Mercury General Corp.
1.30%
Amneal Pharmaceuticals, Inc.
1.23%
Nextpower, Inc.
1.21%
Otter Tail Corp.
1.19%
Tanger, Inc.
1.15%
Southwest Gas Holdings, Inc.
1.13%
The Ensign Group, Inc.
1.11%
Frequently asked questions about AFSM and IVSS
How have the AFSM and IVSS ETFs performed in 2026?
As of September 9, 2026, AFSM is up 22.2% year-to-date (YTD), while IVSS has returned 18.57%. That puts AFSM better performer ahead so far this year.
Which ETF is attracting more investor money: AFSM or IVSS?
Year-to-date, the AFSM ETF saw +$45M in flows, compared to +$19M for IVSS.
Which ETF is bigger: AFSM or IVSS?
As of September 9, 2026, AFSM holds $128.09 M in assets under management (AUM), while IVSS manages $27.63 M.
What sectors do the AFSM and IVSS ETFs invest in?
AFSM leans toward sectors like Finance, Healthcare and Technology. Meanwhile, IVSS focuses on Finance, Technology and Healthcare.
What are the top holdings of the AFSM ETF and IVSS ETF?
AFSM top holdings include National HealthCare Corp., Eton Pharmaceuticals, Inc. and Par Pacific Holdings, Inc.. IVSS holds in its top three: Sterling Infrastructure, Inc., Sezzle, Inc. and Dave, Inc..
Which ETF is more diversified: AFSM or IVSS?
AFSM holds 330 securities with 11.78% of its assets in the top 15. IVSS has 357 securities and a top 15 weight of 21.53%.
Advertisement
Advertisement
