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FSMLvsITWOETF Comparison

ETF 1

FSML

Franklin Small Cap Enhanced ETF

This fund is part of

US Multi-Factor

-0.03%

Full FSML fund page

VS

ETF 2

ITWO

ProShares Russell 2000 High Income ETF

This fund is part of

Options Strategies

-0.08%

Full ITWO fund page

Franklin Small Cap Enhanced ETF (FSML) belongs to the US Multi-Factor segment. ProShares Russell 2000 High Income ETF (ITWO) is part of the Options Strategies segment. FSML's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, ITWO's top sector exposures are Finance, Healthcare and Technology. FSML is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.55% for ITWO. FSML is up 21.59% year-to-date (YTD) with +$128M in YTD flows. ITWO performs worse with 20.94% YTD performance, and +$73M in YTD flows. Run a side-by-side ETF comparison of FSML and ITWO 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 ITWO 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 07/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FSML ITWO	-1.98%-1.67%	+8.86%+8.08%	+21.59%+20.94%	n/a+31.86%	n/an/a	n/an/a
Flows	FSML ITWO	+$27M+$7M	+$13M+$14M	+$128M+$73M	-+$116M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSML ITWO	+19.42%+18.14%	n/a+18.45%	n/an/a	n/an/a
Max drawdown	FSML ITWO	-4.91%-4.67%	n/a-9.74%	n/an/a	n/an/a
Max drawdown duration	FSML ITWO	16d16d	n/a81d	n/an/a	n/an/a

Trading data

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	FSML	ITWO
Last sale 7/28/2026 at 7:59 PM	$30.01	$45.55
Previous close 07/28/2026	$30.04	$45.69
Consolidated volume 07/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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FSML

is actively managed and doesn’t replicate an index

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	FSML	ITWO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/28/2026 at 7:59 PM

Live

Closed

	FSML	ITWO
Last price	$30.01	$45.55
1D performance	-0.10%	-0.30%
AuM	$148.32 M	$198.55 M
E/R	0.45%	0.55%

Characteristics

	FSML	ITWO
Management strategy	Active	Passive
Provider	Franklin Templeton	ProShares
Benchmark	-	Cboe Russell 2000 Daily Covered Call Index
N° of holdings	300	1858
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 9, 2025	September 4, 2024
ESG	No	No

More FSML data on Trackinsight

More ITWO data on Trackinsight

Exposure

Countries

FSML

USA

93.61%

Other

6.39%

ITWO

USA

79.77%

Other

20.23%

Sectors

FSML

Finance

21.15%

Technology

20.07%

Healthcare

18.32%

Industrials

14.44%

Other

26.03%

ITWO

Finance

19.62%

Healthcare

14.67%

Technology

14.21%

Industrials

13.15%

Other

38.35%

Diversification

FSML

Total weight of top 15 holdings out of 15

21.44%

ITWO

Total weight of top 15 holdings out of 15

8.3%

Top 15 holdings

Data as of June 30, 2026

FSML

Bloom Energy Corp.

2.35%

Guardant Health, Inc.

1.94%

10X Genomics, Inc.

1.63%

GeneDx Holdings Corp.

1.60%

Vishay Intertechnology, Inc.

1.51%

Credo Technology Group Holding Ltd.

1.37%

Vicor Corp.

1.30%

Kulicke & Soffa Industries, Inc.

1.28%

BridgeBio Pharma, Inc.

1.28%

Axsome Therapeutics, Inc.

1.25%

Valley National Bancorp

1.22%

FormFactor, Inc.

1.22%

SiTime Corp.

1.20%

Dave, Inc.

1.17%

IES Holdings, Inc.

1.13%

ITWO

Bloom Energy Corp.

1.76%

Credo Technology Group Holding Ltd.

1.07%

Sterling Infrastructure, Inc.

0.64%

TTM Technologies, Inc.

0.53%

Fabrinet

0.50%

IonQ, Inc.

0.46%

Nextpower, Inc.

0.42%

Guardant Health, Inc.

0.42%

Coeur Mining, Inc.

0.39%

SiTime Corp.

0.38%

Semtech Corp.

0.36%

Modine Manufacturing Co.

0.36%

Dycom Industries, Inc.

0.35%

Advanced Energy Industries, Inc.

0.33%

EchoStar Corp.

0.33%

Frequently asked questions about FSML and ITWO

How have the FSML and ITWO ETFs performed in 2026?

As of July 28, 2026, FSML is up 21.59% year-to-date (YTD), while ITWO has returned 20.94%. That puts FSML better performer ahead so far this year.

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

Year-to-date, the FSML ETF saw +$128M in flows, compared to +$73M for ITWO.

Which ETF is bigger: FSML or ITWO?

As of July 28, 2026, FSML holds $148.32 M in assets under management (AUM), while ITWO manages $198.55 M.

What sectors do the FSML and ITWO ETFs invest in?

FSML leans toward sectors like Finance, Technology and Healthcare. Meanwhile, ITWO focuses on Finance, Healthcare and Technology.

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

FSML top holdings include Bloom Energy Corp., Guardant Health, Inc. and 10X Genomics, Inc.. ITWO holds in its top three: Bloom Energy Corp., Credo Technology Group Holding Ltd. and Sterling Infrastructure, Inc..

Which ETF is more diversified: FSML or ITWO?

FSML holds 301 securities with 21.44% of its assets in the top 15. ITWO has 1866 securities and a top 15 weight of 8.3%.

Notable ETF Filings and Launches Recap: September 2024

September 26, 2024

ITWO

FSMLvsITWOETF Comparison

Franklin Small Cap Enhanced ETF

ProShares Russell 2000 High Income ETF

FSML vs ITWO 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 ITWO ETFs performed in 2026?

As of July 28, 2026, FSML is up 21.59% year-to-date (YTD), while ITWO has returned 20.94%. That puts FSML better performer ahead so far this year.

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

Year-to-date, the FSML ETF saw +$128M in flows, compared to +$73M for ITWO.

Which ETF is bigger: FSML or ITWO?

As of July 28, 2026, FSML holds $148.32 M in assets under management (AUM), while ITWO manages $198.55 M.

What sectors do the FSML and ITWO ETFs invest in?

FSML leans toward sectors like Finance, Technology and Healthcare. Meanwhile, ITWO focuses on Finance, Healthcare and Technology.

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

FSML top holdings include Bloom Energy Corp., Guardant Health, Inc. and 10X Genomics, Inc.. ITWO holds in its top three: Bloom Energy Corp., Credo Technology Group Holding Ltd. and Sterling Infrastructure, Inc..

Which ETF is more diversified: FSML or ITWO?

FSML holds 301 securities with 21.44% of its assets in the top 15. ITWO has 1866 securities and a top 15 weight of 8.3%.

Notable ETF Filings and Launches Recap: September 2024

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