FSMLvsIWMWETF Comparison
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Franklin Small Cap Enhanced ETF (FSML) belongs to the US Multi-Factor segment. iShares Russell 2000 BuyWrite ETF (IWMW) is part of the Options Strategies 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 0.39% for IWMW. FSML is up 20.7% year-to-date (YTD) with +$130M in YTD flows. IWMW performs worse with 13.7% YTD performance, and +$24M in YTD flows. Run a side-by-side ETF comparison of FSML and IWMW 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 IWMW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSML IWMW | -3.26%-2.56% | +1.37%+4.23% | +20.70%+13.70% | n/a+16.20% | n/an/a | n/an/a |
| Flows | FSML IWMW | +$1M-$821K | +$29M+$7M | +$130M+$24M | -+$33M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSML IWMW | +15.68%+9.84% | n/a+12.34% | n/an/a | n/an/a |
| Max drawdown | FSML IWMW | -5.11%-3.79% | n/a-6.92% | n/an/a | n/an/a |
| Max drawdown duration | FSML IWMW | 42d26d | n/a62d | n/an/a | n/an/a |
Trading data
FSML | IWMW | |
Last sale 9/14/2026 at 4:38 PM | $29.62 | $38.72 |
| Previous close 09/11/2026 | $29.75 | $38.48 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FSML
is actively managed and doesn’t replicate an indexFSML | IWMW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/14/2026 at 4:38 PM
Live
Closed
FSML | IWMW | |
|---|---|---|
| Last price | $29.62 | $38.72 |
| 1D performance | -0.44% | +0.62% |
| AuM | $148.73 M | $58.07 M |
| E/R | 0.45% | 0.39% |
Characteristics
FSML | IWMW | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | iShares |
| Benchmark | - | Cboe FTSE Russell IWM 2% OTM BuyWrite Index |
| N° of holdings | 298 | 1945 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 9, 2025 | March 14, 2024 |
| ESG | No | No |
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Exposure
Countries
FSML
USA
93.66%
Other
6.34%
IWMW
USA
96.06%
Other
3.94%
Sectors
FSML
Finance
24.65%
Healthcare
20.16%
Technology
14.1%
Industrials
11.24%
Other
29.85%
IWMW
Finance
26.88%
Healthcare
20.29%
Technology
11.87%
Industrials
10.58%
Other
30.37%
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Diversification
FSML
Total weight of top 15 holdings out of 15
19.03%
IWMW
Total weight of top 15 holdings out of 15
5.1%
Top 15 holdings
Data as of July 31, 2026
FSML
Oceaneering International, Inc.
1.53%
Jackson Financial, Inc.
1.41%
10X Genomics, Inc.
1.36%
TG Therapeutics, Inc.
1.31%
Korn Ferry
1.31%
Xenon Pharmaceuticals, Inc.
1.27%
Tutor Perini Corp.
1.25%
Polaris Inc.
1.25%
Krystal Biotech, Inc.
1.22%
Acadian Asset Management, Inc.
1.21%
Valley National Bancorp
1.20%
nLIGHT, Inc.
1.20%
Box, Inc.
1.18%
Core Natural Resources, Inc.
1.18%
Diebold Nixdorf, Inc.
1.16%
IWMW
BlackRock Cash Funds - Treasury
0.61%
Moog, Inc.
0.39%
BrightSpring Health Services, Inc.
0.38%
Hut 8 Corp.
0.36%
UMB Financial Corp.
0.35%
Cytokinetics, Inc.
0.34%
ViaSat, Inc.
0.32%
Glaukos Corp.
0.31%
Krystal Biotech, Inc.
0.31%
CareTrust REIT, Inc.
0.30%
Old National Bancorp
0.30%
Brinker International, Inc.
0.29%
Crinetics Pharmaceuticals, Inc.
0.28%
HealthEquity, Inc.
0.28%
JFrog Ltd.
0.28%
Frequently asked questions about FSML and IWMW
How have the FSML and IWMW ETFs performed in 2026?
As of September 11, 2026, FSML is up 20.7% year-to-date (YTD), while IWMW has returned 13.7%. That puts FSML better performer ahead so far this year.
Which ETF is attracting more investor money: FSML or IWMW?
Year-to-date, the FSML ETF saw +$130M in flows, compared to +$24M for IWMW.
Which ETF is bigger: FSML or IWMW?
As of September 11, 2026, FSML holds $148.73 M in assets under management (AUM), while IWMW manages $58.07 M.
What sectors do the FSML and IWMW ETFs invest in?
FSML leans toward sectors like Finance, Healthcare and Technology. Meanwhile, IWMW focuses on Finance, Healthcare and Technology.
What are the top holdings of the FSML ETF and IWMW ETF?
FSML top holdings include Oceaneering International, Inc., Jackson Financial, Inc. and 10X Genomics, Inc.. IWMW holds in its top three: BlackRock Cash Funds - Treasury, Moog, Inc. and BrightSpring Health Services, Inc..
Which ETF is more diversified: FSML or IWMW?
FSML holds 298 securities with 19.03% of its assets in the top 15. IWMW has 1957 securities and a top 15 weight of 5.1%.
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