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FSMLvsAFSMETF Comparison

ETF 1

FSML

Franklin Small Cap Enhanced ETF

This fund is part of

US Multi-Factor

+1.06%

Full FSML fund page

VS

ETF 2

AFSM

First Trust Active Factor Small Cap ETF

This fund is part of

US Multi-Factor

+1.06%

Full AFSM fund page

Franklin Small Cap Enhanced ETF (FSML) and First Trust Active Factor Small Cap ETF (AFSM) belong to the same industry segment: US Multi-Factor. FSML's top 3 sector exposures are Industrials, Information Technology and Health Care. In contrast, AFSM's top sector exposures are Information Technology, Industrials and Health Care. FSML is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.75% for AFSM. FSML is up 20.96% year-to-date (YTD) with +$101M in YTD flows. AFSM performs worse with 19.9% YTD performance, and +$23M in YTD flows. Run a side-by-side ETF comparison of FSML and AFSM 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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FSML vs AFSM performance and flow charts

Performance

Cumulative Flows

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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 06/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FSML AFSM	+8.79%+5.09%	+21.54%+21.46%	+20.96%+19.90%	n/a+34.09%	n/a+65.11%	n/a+55.33%
Flows	FSML AFSM	-$36M+$4M	-$15M+$6M	+$101M+$23M	-+$49M	-+$81M	-+$84M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSML AFSM	+22.07%+20.49%	n/a+18.19%	n/a+19.75%	n/a+21.21%
Max drawdown	FSML AFSM	-4.91%-4.73%	n/a-9.36%	n/a-24.90%	n/a-28.44%
Max drawdown duration	FSML AFSM	16d8d	n/a46d	n/a303d	n/a815d

Trading data

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	FSML	AFSM
Last sale 6/15/2026 at 1:30 PM	$29.79	$39.34
Previous close 06/15/2026	$29.69	$39.38
Consolidated volume 06/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 6/15/2026 at 1:30 PM

Live

Closed

	FSML	AFSM
Last price	$29.79	$39.34
1D performance	+0.34%	-0.10%
AuM	$120.73 M	$104.28 M
E/R	0.45%	0.75%

Characteristics

	FSML	AFSM
Management strategy	Active	Active
Provider	Franklin Templeton	First Trust
Benchmark	-	-
N° of holdings	270	286
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 9, 2025	December 3, 2019
ESG	No	No

More FSML data on Trackinsight

More AFSM data on Trackinsight

Exposure

Countries

FSML

USA

92.14%

Other

7.86%

AFSM

USA

81.06%

Other

18.94%

Sectors

FSML

Industrials

19.15%

Information Techn.

16.87%

Health Care

15.1%

Financials

12.96%

Consumer Discreti.

8.92%

Other

27%

AFSM

Information Techn.

17.27%

Industrials

17.09%

Health Care

16.61%

Financials

14.26%

Consumer Discreti.

8.45%

Other

26.31%

Diversification

FSML

Total weight of top 15 holdings out of 15

23.53%

AFSM

Total weight of top 15 holdings out of 15

14.77%

Top 15 holdings

Data as of April 30, 2026

FSML

BLOOM ENERGY CORP

3.41%

FORMFACTOR

1.87%

KULICKE AND SOFFA INDUSTRIES

1.66%

IES HOLDINGS

1.64%

NLIGHT INC

1.62%

AXSOME THERA CMN STK

1.46%

BOX INC

1.40%

GUARDANT HEALTH INC

1.36%

BUCKLE

1.34%

ALLIANCE DATA SYSTEMS

1.33%

SITIME CORP

1.32%

BRIDGEBIO PHARMA

1.31%

VALLEY NATL BANCORP

1.29%

PRIMORIS SERVICES

1.29%

GULFPORT ENERGY

1.24%

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%

Frequently asked questions about FSML and AFSM

How have the FSML and AFSM ETFs performed in 2026?

As of June 15, 2026, FSML is up 20.96% year-to-date (YTD), while AFSM has returned 19.9%. That puts FSML better performer ahead so far this year.

Which ETF is attracting more investor money: FSML or AFSM?

Year-to-date, the FSML ETF saw +$101M in flows, compared to +$23M for AFSM.

Which ETF is bigger: FSML or AFSM?

As of June 15, 2026, FSML holds $120.73 M in assets under management (AUM), while AFSM manages $104.28 M.

What sectors do the FSML and AFSM ETFs invest in?

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

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

FSML top holdings include BLOOM ENERGY CORP, FORMFACTOR and KULICKE AND SOFFA INDUSTRIES. AFSM holds in its top three: TTM TECHNOLOGIES, BLOOM ENERGY CORP and VIAVI SOLUTIONS INC.

FSMLvsAFSMETF Comparison

Franklin Small Cap Enhanced ETF

First Trust Active Factor Small Cap ETF

FSML vs AFSM 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 FSML and AFSM ETFs performed in 2026?

As of June 15, 2026, FSML is up 20.96% year-to-date (YTD), while AFSM has returned 19.9%. That puts FSML better performer ahead so far this year.

Which ETF is attracting more investor money: FSML or AFSM?

Year-to-date, the FSML ETF saw +$101M in flows, compared to +$23M for AFSM.

Which ETF is bigger: FSML or AFSM?

As of June 15, 2026, FSML holds $120.73 M in assets under management (AUM), while AFSM manages $104.28 M.

What sectors do the FSML and AFSM ETFs invest in?

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

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

FSML top holdings include BLOOM ENERGY CORP, FORMFACTOR and KULICKE AND SOFFA INDUSTRIES. AFSM holds in its top three: TTM TECHNOLOGIES, BLOOM ENERGY CORP and VIAVI SOLUTIONS INC.

Which ETF is more diversified: FSML or AFSM?

FSML holds 297 securities with 23.53% of its assets in the top 15. AFSM has 288 securities and a top 15 weight of 14.77%.

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