HAPSvsFSMLETF Comparison
ETF 1
HAPS
Harbor Human Capital Factor US Small Cap ETF
VS
Harbor Human Capital Factor US Small Cap ETF (HAPS) belongs to the segment. Franklin Small Cap Enhanced ETF (FSML) is part of the US Multi-Factor segment. Both ETFs have the same top 3 sector exposures: Finance, Healthcare and Technology. HAPS is more expensive with a Total Expense Ratio (TER) of 0.61%, versus 0.45% for FSML. HAPS is up 22.02% year-to-date (YTD) with -$8K in YTD flows. FSML performs better with 22.99% YTD performance, and +$130M in YTD flows. Run a side-by-side ETF comparison of HAPS and FSML 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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HAPS vs FSML performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/07/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HAPS FSML | -0.29%-1.63% | +10.22%+3.78% | +22.02%+22.99% | +23.89%n/a | +52.54%n/a | n/an/a |
| Flows | HAPS FSML | +$86K+$1M | +$86K+$29M | -$8K+$130M | +$1M- | -$1M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HAPS FSML | +12.62%+18.19% | +15.92%n/a | +20.52%n/a | n/an/a |
| Max drawdown | HAPS FSML | -2.79%-5.11% | -10.02%n/a | -27.24%n/a | n/an/a |
| Max drawdown duration | HAPS FSML | 15d42d | 83dn/a | 393dn/a | n/an/a |
Trading data
HAPS | FSML | |
Last sale 9/4/2026 at 1:30 PM | $38.29 | $30.26 |
| Previous close 09/04/2026 | $38.29 | $30.32 |
| Consolidated volume 09/04/2026 | ||
| 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 indexHAPS | FSML | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
HAPS | FSML | |
|---|---|---|
| Last price | $38.29 | $30.26 |
| 1D performance | +0.02% | -0.18% |
| AuM | $175.18 M | $151.55 M |
| E/R | 0.61% | 0.45% |
Characteristics
HAPS | FSML | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Harbor Capital | Franklin Templeton |
| Benchmark | Human Capital Factor Small Cap Index | - |
| N° of holdings | 437 | 298 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 12, 2023 | December 9, 2025 |
| ESG | Yes | No |
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Exposure
Countries
HAPS
USA
97.79%
Other
2.21%
FSML
USA
93.66%
Other
6.34%
Sectors
HAPS
Finance
26.33%
Healthcare
17.32%
Technology
17.11%
Other
39.24%
FSML
Finance
24.65%
Healthcare
20.16%
Technology
14.1%
Industrials
11.24%
Other
29.85%
Diversification
HAPS
Total weight of top 15 holdings out of 15
24.36%
FSML
Total weight of top 15 holdings out of 15
19.03%
Top 15 holdings
Data as of July 31, 2026
HAPS
Twist Bioscience Corp.
2.85%
Kymera Therapeutics, Inc.
2.28%
Phillips Edison & Co., Inc.
1.97%
Organon & Co.
1.71%
Magnolia Oil & Gas Corp.
1.64%
Sensient Technologies Corp.
1.64%
Resideo Technologies, Inc.
1.61%
Avnet, Inc.
1.55%
Apple Hospitality REIT, Inc.
1.50%
ViaSat, Inc.
1.38%
GATX Corp.
1.33%
Archrock, Inc.
1.30%
The Chemours Co.
1.25%
Hancock Whitney Corp.
1.20%
InvenTrust Properties Corp.
1.18%
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%
Frequently asked questions about HAPS and FSML
How have the HAPS and FSML ETFs performed in 2026?
As of September 7, 2026, HAPS is up 22.02% year-to-date (YTD), while FSML has returned 22.99%. That puts FSML better performer ahead so far this year.
Which ETF is attracting more investor money: HAPS or FSML?
Year-to-date, the HAPS ETF saw -$8K in flows, compared to +$130M for FSML.
Which ETF is bigger: HAPS or FSML?
As of September 7, 2026, HAPS holds $175.18 M in assets under management (AUM), while FSML manages $151.55 M.
What sectors do the HAPS and FSML ETFs invest in?
HAPS leans toward sectors like Finance, Healthcare and Technology. Meanwhile, FSML focuses on Finance, Healthcare and Technology.
What are the top holdings of the HAPS ETF and FSML ETF?
HAPS top holdings include Twist Bioscience Corp., Kymera Therapeutics, Inc. and Phillips Edison & Co., Inc.. FSML holds in its top three: Oceaneering International, Inc., Jackson Financial, Inc. and 10X Genomics, Inc..
Which ETF is more diversified: HAPS or FSML?
HAPS holds 437 securities with 24.36% of its assets in the top 15. FSML has 298 securities and a top 15 weight of 19.03%.
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Latest news about HAPS & FSML
First Trust Launches the First Trust Emerging Markets Human Flourishing ETF
November 29, 2023
HAPS
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