FSMLvsIWMETF Comparison
VS
Franklin Small Cap Enhanced ETF (FSML) belongs to the US Multi-Factor segment. iShares Russell 2000 ETF (IWM) is part of the US Small Cap segment. Both ETFs have the same top 3 sector exposures: Finance, Healthcare and Technology. FSML is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.19% for IWM. FSML is up 19.27% year-to-date (YTD) with +$136M in YTD flows. IWM performs worse with 15.02% YTD performance, and -$7.66B in YTD flows. Run a side-by-side ETF comparison of FSML and IWM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
FSML vs IWM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSML IWM | +1.10%+0.52% | -1.90%-3.88% | +19.27%+15.02% | n/a+14.18% | n/a+78.23% | n/a+31.25% |
| Flows | FSML IWM | +$7M-$1.05B | +$7M-$348M | +$136M-$7.66B | --$3.44B | --$3.40B | --$7.76B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSML IWM | +14.83%+14.12% | n/a+18.20% | n/a+21.10% | n/a+22.42% |
| Max drawdown | FSML IWM | -9.19%-11.10% | n/a-11.10% | n/a-27.52% | n/a-31.96% |
| Max drawdown duration | FSML IWM | 73d73d | n/a73d | n/a289d | n/a1093d |
Trading data
FSML | IWM | |
Last sale 10/29/2026 at 1:30 PM | $29.53 | $284.01 |
| Previous close 10/28/2026 | $29.37 | $281.29 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
FSML
is actively managed and doesn’t replicate an indexFSML | IWM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
FSML | IWM | |
|---|---|---|
| Last price | $29.53 | $284.01 |
| 1D performance | +0.54% | +0.97% |
| AuM | $152.85 M | $75.94 B |
| E/R | 0.45% | 0.19% |
Characteristics
FSML | IWM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | iShares |
| Benchmark | - | Russell 2000 Index |
| N° of holdings | 297 | 1940 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 9, 2025 | May 22, 2000 |
| ESG | No | No |
Exposure
Countries
FSML
USA
93.67%
Other
6.33%
IWM
USA
94.99%
Other
5.01%
Sectors
FSML
Finance
24.2%
Healthcare
21.54%
Technology
12.85%
Industrials
11.1%
Energy
7.39%
Other
22.92%
IWM
Finance
26.05%
Healthcare
20.69%
Technology
11.8%
Industrials
10.33%
Other
31.12%
Advertisement
Diversification
FSML
Total weight of top 15 holdings out of 15
20.28%
IWM
Total weight of top 15 holdings out of 15
4.62%
Top 15 holdings
Data as of August 31, 2026
FSML
10X Genomics, Inc.
1.88%
Jackson Financial, Inc.
1.55%
Oceaneering International, Inc.
1.44%
Core Natural Resources, Inc.
1.39%
Acadian Asset Management, Inc.
1.39%
GeneDx Holdings Corp.
1.39%
Korn Ferry
1.34%
Box, Inc.
1.30%
TG Therapeutics, Inc.
1.28%
Tutor Perini Corp.
1.28%
ACADIA Pharmaceuticals, Inc.
1.25%
Krystal Biotech, Inc.
1.24%
Xenon Pharmaceuticals, Inc.
1.22%
National Energy Services Reunited Corp.
1.19%
Valley National Bancorp
1.17%
IWM
JFrog Ltd.
0.35%
Moog, Inc.
0.34%
UMB Financial Corp.
0.34%
Glaukos Corp.
0.33%
BlackRock Cash Funds - Treasury
0.33%
Brinker International, Inc.
0.32%
BrightSpring Health Services, Inc.
0.30%
Krystal Biotech, Inc.
0.30%
Cytokinetics, Inc.
0.30%
Protagonist Therapeutics, Inc.
0.29%
Old National Bancorp
0.29%
SM Energy Co.
0.29%
Twist Bioscience Corp.
0.28%
FirstCash Holdings, Inc.
0.28%
CareTrust REIT, Inc.
0.28%
Frequently asked questions about FSML and IWM
How have the FSML and IWM ETFs performed in 2026?
As of October 28, 2026, FSML is up 19.27% year-to-date (YTD), while IWM has returned 15.02%. That puts FSML better performer ahead so far this year.
Which ETF is attracting more investor money: FSML or IWM?
Year-to-date, the FSML ETF saw +$136M in flows, compared to -$7.66B for IWM.
Which ETF is bigger: FSML or IWM?
As of October 28, 2026, FSML holds $152.85 M in assets under management (AUM), while IWM manages $75.94 B.
What sectors do the FSML and IWM ETFs invest in?
FSML leans toward sectors like Finance, Healthcare and Technology. Meanwhile, IWM focuses on Finance, Healthcare and Technology.
What are the top holdings of the FSML ETF and IWM ETF?
FSML top holdings include 10X Genomics, Inc., Jackson Financial, Inc. and Oceaneering International, Inc.. IWM holds in its top three: JFrog Ltd., Moog, Inc. and UMB Financial Corp..
Which ETF is more diversified: FSML or IWM?
FSML holds 298 securities with 20.28% of its assets in the top 15. IWM has 1953 securities and a top 15 weight of 4.62%.
Advertisement
Latest news about FSML & IWM
The Weekly ETF Market Monitor (October 19-23, 2026)
October 26, 2026
IWM
ETF Comparison: NEOS Russell 2000 High Income ETF (IWMI) Versus Global X Russell 2000 Covered Call ETF (RYLD)
September 25, 2026
IWM
Advertisement
Advertisement
