FSMLvsHAPSETF Comparison
VS
ETF 2
HAPS
Harbor Human Capital Factor US Small Cap ETF
Franklin Small Cap Enhanced ETF (FSML) belongs to the US Multi-Factor segment. Harbor Human Capital Factor US Small Cap ETF (HAPS) is part of the segment. FSML's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, HAPS's top sector exposures are Financials, Health Care and Information Technology. FSML is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.6% for HAPS. FSML is up 11.9% year-to-date (YTD) with +$115M in YTD flows. HAPS performs worse with 6.41% YTD performance, and -$241K in YTD flows. Run a side-by-side ETF comparison of FSML and HAPS 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 HAPS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSML HAPS | +11.46%+8.80% | +5.62%+0.63% | +11.90%+6.41% | n/a+34.31% | n/a+34.86% | n/an/a |
| Flows | FSML HAPS | -$1M+$52K | +$18M-$241K | +$115M-$241K | -+$1M | -+$109M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSML HAPS | +23.36%+19.26% | n/a+17.83% | n/a+21.11% | n/an/a |
| Max drawdown | FSML HAPS | -11.01%-10.02% | n/a-10.02% | n/a-27.24% | n/an/a |
| Max drawdown duration | FSML HAPS | 63d83d | n/a83d | n/a393d | n/an/a |
Trading data
FSML | HAPS | |
Last sale 4/17/2026 at 1:30 PM | $27.57 | $34.24 |
| Previous close 04/16/2026 | $26.90 | $33.51 |
| 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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FSML
is actively managed and doesn’t replicate an indexFSML | HAPS | |
|---|---|---|
| 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
FSML | HAPS | |
|---|---|---|
| Last price | $27.57 | $34.24 |
| 1D performance | +2.47% | +2.19% |
| AuM | $124.09 M | $152.76 M |
| E/R | 0.45% | 0.6% |
Characteristics
FSML | HAPS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | Harbor Capital |
| Benchmark | - | Human Capital Factor Small Cap Index |
| N° of holdings | 270 | 182 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 9, 2025 | April 12, 2023 |
| ESG | No | Yes |
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Exposure
Countries
FSML
USA
90.5%
Other
9.5%
HAPS
USA
88.93%
Other
11.07%
Sectors
FSML
Industrials
18.83%
Financials
14.68%
Information Techn.
14.52%
Health Care
14.49%
Consumer Discreti.
9.28%
Other
28.2%
HAPS
Financials
16.72%
Health Care
16.06%
Information Techn.
14.8%
Industrials
12.53%
Consumer Discreti.
8.56%
Other
31.32%
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Diversification
FSML
Total weight of top 15 holdings out of 15
20.17%
HAPS
Total weight of top 15 holdings out of 15
23.44%
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%
HAPS
KYMERA THERAPEUTICS
2.09%
MAGNOLIA OIL AND GAS CORP
2.09%
PHILLIPS EDISON AND COMPANY
2.07%
RHYTHM PHARMACEUTICALS INC
1.90%
SENSIENT TECHNOLOGIES
1.73%
RESIDEO TECHNOLOGIES
1.59%
TARSUS PHARMACEUTICALS
1.49%
AVNET
1.48%
GATX
1.35%
TRAVEL PLUS LEISURE CO
1.34%
ULTRAGENYX PHARMA
1.31%
APPLE HOSPITALITY REIT INC
1.31%
ASBURY AUTOMOTIVE GROUP
1.24%
ARCHROCK
1.23%
GRANITE CONSTRUCTION
1.22%
Frequently asked questions about FSML and HAPS
How have the FSML and HAPS ETFs performed in 2026?
As of April 17, 2026, FSML is up 11.9% year-to-date (YTD), while HAPS has returned 6.41%. That puts FSML better performer ahead so far this year.
Which ETF is attracting more investor money: FSML or HAPS?
Year-to-date, the FSML ETF saw +$115M in flows, compared to -$241K for HAPS.
Which ETF is bigger: FSML or HAPS?
As of April 17, 2026, FSML holds $124.09 M in assets under management (AUM), while HAPS manages $152.76 M.
What sectors do the FSML and HAPS ETFs invest in?
FSML leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, HAPS focuses on Financials, Health Care and Information Technology.
What are the top holdings of the FSML ETF and HAPS ETF?
FSML top holdings include VALARIS LTD, BLOOM ENERGY CORP and PRIMORIS SERVICES. HAPS holds in its top three: KYMERA THERAPEUTICS, MAGNOLIA OIL AND GAS CORP and PHILLIPS EDISON AND COMPANY.
Which ETF is more diversified: FSML or HAPS?
FSML holds 298 securities with 20.17% of its assets in the top 15. HAPS has 183 securities and a top 15 weight of 23.44%.
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Latest news about FSML & HAPS
First Trust Launches the First Trust Emerging Markets Human Flourishing ETF
November 29, 2023
HAPS
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