AFSMvsSPSMETF Comparison
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First Trust Active Factor Small Cap ETF (AFSM) belongs to the US Multi-Factor segment. State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is part of the US Small Cap segment. AFSM's top 3 sector exposures are Information Technology, Industrials and Health Care. In contrast, SPSM's top sector exposures are Industrials, Financials and Information Technology. AFSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.03% for SPSM. AFSM is up 7.87% year-to-date (YTD) with +$16M in YTD flows. SPSM performs better with 12.84% YTD performance, and +$376M in YTD flows. Run a side-by-side ETF comparison of AFSM and SPSM 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 SPSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AFSM SPSM | +8.43%+9.39% | +2.78%+7.03% | +7.87%+12.84% | +35.29%+42.64% | +54.48%+48.41% | +41.30%+34.20% |
| Flows | AFSM SPSM | -$1M-$180M | +$11M+$144M | +$16M+$376M | +$45M+$935M | +$74M+$6.33B | +$75M+$7.88B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AFSM SPSM | +21.45%+19.08% | +18.02%+18.56% | +19.74%+20.63% | +21.28%+21.60% |
| Max drawdown | AFSM SPSM | -9.36%-8.68% | -9.36%-8.68% | -24.90%-27.91% | -28.44%-27.91% |
| Max drawdown duration | AFSM SPSM | 46d59d | 46d59d | 303d380d | 815d380d |
Trading data
AFSM | SPSM | |
Last sale 4/17/2026 at 1:30 PM | $36.17 | $52.69 |
| Previous close 04/16/2026 | $35.38 | $51.62 |
| Consolidated volume 04/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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AFSM
is actively managed and doesn’t replicate an indexAFSM | SPSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/17/2026 at 1:30 PM
Live
Closed
AFSM | SPSM | |
|---|---|---|
| Last price | $36.17 | $52.69 |
| 1D performance | +2.23% | +2.07% |
| AuM | $86.74 M | $15.10 B |
| E/R | 0.75% | 0.03% |
Characteristics
AFSM | SPSM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | SPDR |
| Benchmark | - | S&P SmallCap 600 Index |
| N° of holdings | 283 | 559 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2019 | July 8, 2013 |
| ESG | No | No |
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Exposure
Countries
AFSM
USA
86.67%
Other
13.33%
SPSM
USA
96.22%
Other
3.78%
Sectors
AFSM
Information Techn.
16.45%
Industrials
16.3%
Health Care
16.2%
Financials
14.28%
Consumer Discreti.
8.94%
Other
27.83%
SPSM
Industrials
16.66%
Financials
15.63%
Information Techn.
13.75%
Consumer Discreti.
13.68%
Health Care
9.87%
Other
30.41%
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Diversification
AFSM
Total weight of top 15 holdings out of 15
13.7%
SPSM
Total weight of top 15 holdings out of 15
8.2%
Top 15 holdings
Data as of February 28, 2026
AFSM
TTM TECHNOLOGIES
1.31%
BLOOM ENERGY CORP
1.21%
PEABODY ENERGY
1.06%
AMES NATIONAL
1.01%
VIAVI SOLUTIONS INC
0.93%
NLIGHT INC
0.90%
KYG386441037
0.89%
VICOR
0.86%
INTERFACE
0.84%
US71385M1071
0.82%
NATIONAL HEALTHCARE
0.81%
CALEDONIA MINING CORP PLC
0.79%
INTERDIGITAL
0.77%
PHOTRONICS
0.76%
HECLA MINING
0.74%
SPSM
US83443Q1031
0.79%
MOOG
0.61%
INTERDIGITAL
0.60%
CARETRUST REIT
0.57%
SITIME CORP
0.55%
EASTMAN CHEMICAL
0.55%
SANMINA CORP
0.54%
LKQ
0.54%
PRIMORIS SERVICES
0.52%
JOHN BEAN TECHNOLOGIES
0.51%
ELEMENT SOLUTIONS INC
0.50%
SEMTECH
0.50%
FORMFACTOR
0.49%
ZURN WATER SOLUTIONS CORP
0.48%
ARMSTRONG WORLD INDUSTRIES
0.47%
Frequently asked questions about AFSM and SPSM
How have the AFSM and SPSM ETFs performed in 2026?
As of April 16, 2026, AFSM is up 7.87% year-to-date (YTD), while SPSM has returned 12.84%. That puts SPSM better performer ahead so far this year.
Which ETF is attracting more investor money: AFSM or SPSM?
Year-to-date, the AFSM ETF saw +$16M in flows, compared to +$376M for SPSM.
Which ETF is more volatile: AFSM or SPSM?
Over the past year, AFSM had a volatility of 18.02%, while SPSM experienced 18.56%.
Which ETF is bigger: AFSM or SPSM?
As of April 16, 2026, AFSM holds $86.74 M in assets under management (AUM), while SPSM manages $15.10 B.
What sectors do the AFSM and SPSM ETFs invest in?
AFSM leans toward sectors like Information Technology, Industrials and Health Care. Meanwhile, SPSM focuses on Industrials, Financials and Information Technology.
What are the top holdings of the AFSM ETF and SPSM ETF?
AFSM top holdings include TTM TECHNOLOGIES, BLOOM ENERGY CORP and PEABODY ENERGY. SPSM holds in its top three: US83443Q1031, MOOG and INTERDIGITAL.
Which ETF is more diversified: AFSM or SPSM?
AFSM holds 312 securities with 13.7% of its assets in the top 15. SPSM has 602 securities and a top 15 weight of 8.2%.
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