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AFSMvsIVSSETF Comparison

ETF 1

AFSM

First Trust Active Factor Small Cap ETF

This fund is part of

US Multi-Factor

+1.86%

Full AFSM fund page

VS

ETF 2

IVSS

Applied Finance IVS US SMID ETF

This fund is part of

US Multi-Factor

+1.86%

Full IVSS fund page

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 Information Technology, Industrials and Health Care. In contrast, IVSS's top sector exposures are Industrials, Information Technology and Financials. AFSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.59% for IVSS. AFSM is up 15.09% year-to-date (YTD) with +$23M in YTD flows. IVSS performs worse with 12.68% YTD performance, and +$18M 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.

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AFSM vs IVSS performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

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 06/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	AFSM IVSS	+0.06%+1.10%	+13.47%+8.56%	+15.09%+12.68%	+27.88%n/a	+58.49%n/a	+49.49%n/a
Flows	AFSM IVSS	+$4M+$1M	+$4M+$9M	+$23M+$18M	+$49M-	+$81M-	+$84M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	AFSM IVSS	+20.31%+15.19%	+17.93%n/a	+19.69%n/a	+21.17%n/a
Max drawdown	AFSM IVSS	-4.73%-3.51%	-9.36%n/a	-24.90%n/a	-28.44%n/a
Max drawdown duration	AFSM IVSS	8d19d	46dn/a	303dn/a	815dn/a

Trading data

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	AFSM	IVSS
Last sale 6/12/2026 at 1:30 PM	$39.47	$28.93
Previous close 06/11/2026	$38.96	$28.43
Consolidated volume 06/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	AFSM	IVSS
Last price	$39.47	$28.93
1D performance	+1.31%	+1.78%
AuM	$100.09 M	$25.55 M
E/R	0.75%	0.59%

Characteristics

	AFSM	IVSS
Management strategy	Active	Active
Provider	First Trust	Applied Finance
Benchmark	-	-
N° of holdings	286	318
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 3, 2019	December 3, 2025
ESG	No	No

More AFSM data on Trackinsight

More IVSS data on Trackinsight

Exposure

Countries

AFSM

USA

81.06%

Other

18.94%

IVSS

USA

76.3%

Other

23.7%

Sectors

AFSM

Information Techn.

17.27%

Industrials

17.09%

Health Care

16.61%

Financials

14.26%

Consumer Discreti.

8.45%

Other

26.31%

IVSS

Industrials

14.18%

Information Techn.

13.05%

Financials

12.01%

Health Care

10.77%

Consumer Discreti.

9.94%

Energy

7.51%

Other

32.54%

Diversification

AFSM

Total weight of top 15 holdings out of 15

14.77%

IVSS

Total weight of top 15 holdings out of 15

19.24%

Top 15 holdings

Data as of April 30, 2026

AFSM

TTM TECHNOLOGIES

1.77%

BLOOM ENERGY CORP

1.57%

VIAVI SOLUTIONS INC

1.19%

VICOR

1.11%

PERIMETER SOLUTIONS

1.00%

PHOTRONICS

0.97%

AMES NATIONAL

0.97%

NLIGHT INC

0.84%

CREDO TECHNOLOGY GROUP HOLDING

0.82%

NATIONAL HEALTHCARE

0.78%

AXCELIS TECHNOLOGIES

0.77%

INTERFACE

0.75%

SCORPIO TANKERS

0.75%

ENERSYS

0.75%

COMFORT SYSTEMS USA

0.75%

IVSS

INTERDIGITAL

2.04%

STERLING INFRASTRUCTURE INC

1.84%

PJT PARTNERS

1.55%

HEALTHEQUITY I/D

1.48%

OTTER TAIL PWR

1.29%

ENSIGN GROUP

1.28%

MERCURY GENERAL

1.28%

SOUTHWEST GAS

1.24%

TANGER FACTORY REIT

1.12%

COEUR MINING INC

1.11%

ACI WORLDWIDE

1.08%

CHART INDUSTRIES

1.01%

LANTHEUS HOLDINGS

1.01%

MAXIMUS

0.98%

KINETIK HOLDINGS INC

0.93%

Frequently asked questions about AFSM and IVSS

How have the AFSM and IVSS ETFs performed in 2026?

As of June 10, 2026, AFSM is up 15.09% year-to-date (YTD), while IVSS has returned 12.68%. 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 +$23M in flows, compared to +$18M for IVSS.

Which ETF is bigger: AFSM or IVSS?

As of June 10, 2026, AFSM holds $100.09 M in assets under management (AUM), while IVSS manages $25.55 M.

What sectors do the AFSM and IVSS ETFs invest in?

AFSM leans toward sectors like Information Technology, Industrials and Health Care. Meanwhile, IVSS focuses on Industrials, Information Technology and Financials.

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

AFSM top holdings include TTM TECHNOLOGIES, BLOOM ENERGY CORP and VIAVI SOLUTIONS INC. IVSS holds in its top three: INTERDIGITAL, STERLING INFRASTRUCTURE INC and PJT PARTNERS.

AFSMvsIVSSETF Comparison

First Trust Active Factor Small Cap ETF

Applied Finance IVS US SMID ETF

AFSM vs IVSS 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 IVSS ETFs performed in 2026?

As of June 10, 2026, AFSM is up 15.09% year-to-date (YTD), while IVSS has returned 12.68%. 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 +$23M in flows, compared to +$18M for IVSS.

Which ETF is bigger: AFSM or IVSS?

As of June 10, 2026, AFSM holds $100.09 M in assets under management (AUM), while IVSS manages $25.55 M.

What sectors do the AFSM and IVSS ETFs invest in?

AFSM leans toward sectors like Information Technology, Industrials and Health Care. Meanwhile, IVSS focuses on Industrials, Information Technology and Financials.

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

AFSM top holdings include TTM TECHNOLOGIES, BLOOM ENERGY CORP and VIAVI SOLUTIONS INC. IVSS holds in its top three: INTERDIGITAL, STERLING INFRASTRUCTURE INC and PJT PARTNERS.

Which ETF is more diversified: AFSM or IVSS?

AFSM holds 288 securities with 14.77% of its assets in the top 15. IVSS has 321 securities and a top 15 weight of 19.24%.

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