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ITWOvsFSMLETF Comparison

ETF 1

ITWO

ProShares Russell 2000 High Income ETF

This fund is part of

Options Strategies

-0.99%

Full ITWO fund page

VS

ETF 2

FSML

Franklin Small Cap Enhanced ETF

This fund is part of

US Multi-Factor

-1.16%

Full FSML fund page

ProShares Russell 2000 High Income ETF (ITWO) belongs to the Options Strategies segment. Franklin Small Cap Enhanced ETF (FSML) is part of the US Multi-Factor segment. ITWO's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, FSML's top sector exposures are Finance, Technology and Healthcare. ITWO is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.45% for FSML. ITWO is up 19.06% year-to-date (YTD) with +$73M in YTD flows. FSML performs better with 19.11% YTD performance, and +$128M in YTD flows. Run a side-by-side ETF comparison of ITWO 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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ITWO vs FSML 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 07/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ITWO FSML	-3.20%-3.98%	+7.05%+6.94%	+19.06%+19.11%	+30.61%n/a	n/an/a	n/an/a
Flows	ITWO FSML	+$7M+$27M	+$12M+$13M	+$73M+$128M	+$116M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ITWO FSML	+18.40%+19.90%	+18.51%n/a	n/an/a	n/an/a
Max drawdown	ITWO FSML	-4.67%-5.11%	-9.74%n/a	n/an/a	n/an/a
Max drawdown duration	ITWO FSML	16d29d	81dn/a	n/an/a	n/an/a

Trading data

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	ITWO	FSML
Last sale 7/30/2026 at 5:24 PM	$45.43	$29.64
Previous close 07/29/2026	$45.01	$29.33
Consolidated volume 07/29/2026
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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	ITWO	FSML
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/30/2026 at 5:24 PM

Live

Closed

	ITWO	FSML
Last price	$45.43	$29.64
1D performance	+0.93%	+1.05%
AuM	$195.47 M	$145.30 M
E/R	0.55%	0.45%

Characteristics

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

More ITWO data on Trackinsight

More FSML data on Trackinsight

Exposure

Countries

ITWO

USA

79.77%

Other

20.23%

FSML

USA

93.61%

Other

6.39%

Sectors

ITWO

Finance

19.62%

Healthcare

14.67%

Technology

14.21%

Industrials

13.15%

Other

38.35%

FSML

Finance

21.15%

Technology

20.07%

Healthcare

18.32%

Industrials

14.44%

Other

26.03%

Diversification

ITWO

Total weight of top 15 holdings out of 15

8.3%

FSML

Total weight of top 15 holdings out of 15

21.44%

Top 15 holdings

Data as of June 30, 2026

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%

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%

Frequently asked questions about ITWO and FSML

How have the ITWO and FSML ETFs performed in 2026?

As of July 29, 2026, ITWO is up 19.06% year-to-date (YTD), while FSML has returned 19.11%. That puts FSML better performer ahead so far this year.

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

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

Which ETF is bigger: ITWO or FSML?

As of July 29, 2026, ITWO holds $195.47 M in assets under management (AUM), while FSML manages $145.30 M.

What sectors do the ITWO and FSML ETFs invest in?

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

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

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

Which ETF is more diversified: ITWO or FSML?

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

Notable ETF Filings and Launches Recap: September 2024

September 26, 2024

ITWO

ITWOvsFSMLETF Comparison

ProShares Russell 2000 High Income ETF

Franklin Small Cap Enhanced ETF

ITWO vs FSML 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 ITWO and FSML ETFs performed in 2026?

As of July 29, 2026, ITWO is up 19.06% year-to-date (YTD), while FSML has returned 19.11%. That puts FSML better performer ahead so far this year.

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

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

Which ETF is bigger: ITWO or FSML?

As of July 29, 2026, ITWO holds $195.47 M in assets under management (AUM), while FSML manages $145.30 M.

What sectors do the ITWO and FSML ETFs invest in?

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

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

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

Which ETF is more diversified: ITWO or FSML?

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

Notable ETF Filings and Launches Recap: September 2024

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