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FSMLvsAFSMETF Comparison

ETF 1

FSML

Franklin Small Cap Enhanced ETF

This fund is part of

US Multi-Factor

-0.26%

Full FSML fund page

VS

ETF 2

AFSM

First Trust Active Factor Small Cap ETF

This fund is part of

US Multi-Factor

-0.26%

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, Financials and Information Technology. 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 5.51% year-to-date (YTD) with +$116M in YTD flows. AFSM performs worse with 5.37% YTD performance, and +$16M 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 04/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FSML AFSM	+3.65%+3.88%	-0.71%+1.15%	+5.51%+5.37%	n/a+34.59%	n/a+54.24%	n/a+40.28%
Flows	FSML AFSM	--$3M	+$116M+$11M	+$116M+$16M	-+$42M	-+$74M	-+$75M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSML AFSM	+22.66%+21.36%	n/a+18.10%	n/a+19.73%	n/a+21.27%
Max drawdown	FSML AFSM	-11.01%-9.36%	n/a-9.36%	n/a-24.90%	n/a-28.44%
Max drawdown duration	FSML AFSM	60d43d	n/a43d	n/a303d	n/a815d

Trading data

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	FSML	AFSM
Last sale 4/13/2026 at 1:46 PM	$25.99	$34.74
Previous close 04/10/2026	$25.99	$34.56
Consolidated volume 04/10/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/13/2026 at 1:46 PM

Live

Closed

	FSML	AFSM
Last price	$25.99	$34.74
1D performance	-0.00%	+0.52%
AuM	$118.31 M	$84.72 M
E/R	0.45%	0.75%

Characteristics

	FSML	AFSM
Management strategy	Active	Active
Provider	Franklin Templeton	First Trust
Benchmark	-	-
N° of holdings	270	283
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

90.5%

Other

9.5%

AFSM

USA

86.67%

Other

13.33%

Sectors

FSML

Industrials

18.83%

Financials

14.68%

Information Techn.

14.52%

Health Care

14.49%

Consumer Discreti.

9.28%

Other

28.2%

AFSM

Information Techn.

16.45%

Industrials

16.3%

Health Care

16.2%

Financials

14.28%

Consumer Discreti.

8.94%

Other

27.83%

Diversification

FSML

Total weight of top 15 holdings out of 15

20.17%

AFSM

Total weight of top 15 holdings out of 15

13.7%

Top 15 holdings

Data as of February 28, 2026

FSML

VALARIS LTD

1.72%

BLOOM ENERGY CORP

1.60%

PRIMORIS SERVICES

1.44%

AVIENT CORP

1.33%

VALLEY NATL BANCORP

1.31%

COMMERCIAL METALS

1.31%

US04956D1072

1.30%

KRATOS DEFENSE AND SECURITY SOLS

1.30%

HERBALIFE NUTRITION

1.29%

KULICKE AND SOFFA INDUSTRIES

1.29%

AXSOME THERA CMN STK

1.28%

BRIDGEBIO PHARMA

1.27%

GUARDANT HEALTH INC

1.25%

JACKSON FINANCIAL INC

1.24%

ONE GAS INC

1.23%

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%

Frequently asked questions about FSML and AFSM

How have the FSML and AFSM ETFs performed in 2026?

As of April 10, 2026, FSML is up 5.51% year-to-date (YTD), while AFSM has returned 5.37%. 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 +$116M in flows, compared to +$16M for AFSM.

Which ETF is bigger: FSML or AFSM?

As of April 10, 2026, FSML holds $118.31 M in assets under management (AUM), while AFSM manages $84.72 M.

What sectors do the FSML and AFSM ETFs invest in?

FSML leans toward sectors like Industrials, Financials and Information Technology. 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 VALARIS LTD, BLOOM ENERGY CORP and PRIMORIS SERVICES. AFSM holds in its top three: TTM TECHNOLOGIES, BLOOM ENERGY CORP and PEABODY ENERGY.

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 April 10, 2026, FSML is up 5.51% year-to-date (YTD), while AFSM has returned 5.37%. 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 +$116M in flows, compared to +$16M for AFSM.

Which ETF is bigger: FSML or AFSM?

As of April 10, 2026, FSML holds $118.31 M in assets under management (AUM), while AFSM manages $84.72 M.

What sectors do the FSML and AFSM ETFs invest in?

FSML leans toward sectors like Industrials, Financials and Information Technology. 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 VALARIS LTD, BLOOM ENERGY CORP and PRIMORIS SERVICES. AFSM holds in its top three: TTM TECHNOLOGIES, BLOOM ENERGY CORP and PEABODY ENERGY.

Which ETF is more diversified: FSML or AFSM?

FSML holds 298 securities with 20.17% of its assets in the top 15. AFSM has 312 securities and a top 15 weight of 13.7%.

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