IWCvsFSMLETF Comparison
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iShares Micro-Cap ETF (IWC) belongs to the US Small Cap segment. Franklin Small Cap Enhanced ETF (FSML) is part of the US Multi-Factor segment. IWC's top 3 sector exposures are Health Care, Information Technology and Financials. In contrast, FSML's top sector exposures are Industrials, Information Technology and Health Care. IWC is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.45% for FSML. IWC is up 21.44% year-to-date (YTD) with +$121M in YTD flows. FSML performs worse with 20.96% YTD performance, and +$101M in YTD flows. Run a side-by-side ETF comparison of IWC 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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IWC vs FSML performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWC FSML | +5.29%+8.79% | +17.95%+21.54% | +21.44%+20.96% | +55.28%n/a | +77.15%n/a | +31.64%n/a |
| Flows | IWC FSML | +$10M-$36M | -$6M-$15M | +$121M+$101M | +$191M- | -$22M- | -$92M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWC FSML | +27.95%+22.07% | +24.50%n/a | +24.46%n/a | +24.62%n/a |
| Max drawdown | IWC FSML | -6.12%-4.91% | -12.28%n/a | -29.17%n/a | -40.55%n/a |
| Max drawdown duration | IWC FSML | 13d16d | 82dn/a | 233dn/a | 1409dn/a |
Trading data
IWC | FSML | |
Last sale 6/15/2026 at 1:30 PM | $191.02 | $29.79 |
| Previous close 06/15/2026 | $189.28 | $29.69 |
| Consolidated volume 06/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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FSML
is actively managed and doesn’t replicate an indexIWC | FSML | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 6/15/2026 at 1:30 PM
Live
Closed
IWC | FSML | |
|---|---|---|
| Last price | $191.02 | $29.79 |
| 1D performance | +0.92% | +0.34% |
| AuM | $1.45 B | $120.73 M |
| E/R | 0.6% | 0.45% |
Characteristics
IWC | FSML | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Franklin Templeton |
| Benchmark | Russell Microcap Index | - |
| N° of holdings | 953 | 270 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 12, 2005 | December 9, 2025 |
| ESG | No | No |
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Exposure
Countries
IWC
USA
93.79%
Other
6.21%
FSML
USA
92.14%
Other
7.86%
Sectors
IWC
Health Care
19.1%
Information Techn.
18.5%
Financials
15.89%
Industrials
10.16%
Other
36.35%
FSML
Industrials
19.15%
Information Techn.
16.87%
Health Care
15.1%
Financials
12.96%
Consumer Discreti.
8.92%
Other
27%
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Diversification
IWC
Total weight of top 15 holdings out of 15
15.36%
FSML
Total weight of top 15 holdings out of 15
23.53%
Top 15 holdings
Data as of April 30, 2026
IWC
APPLIED OPTOEL/D
2.03%
US74006W2070
1.54%
APPLIED BLOCKCHAIN
1.52%
TERAWULF INC
1.40%
CIPHER MINING INC
1.07%
COGENT BIOSCIENCES
0.96%
ENERGY FUELS
0.95%
TERNS PHARMACEUTICALS
0.95%
AXT
0.89%
CELCUITY INC
0.79%
TUTOR PERINI
0.77%
CENTRUS ENERGY CORP
0.66%
NAVITAS SEMICONDUCTOR CORP
0.63%
NLIGHT INC
0.62%
US2528281080
0.59%
FSML
BLOOM ENERGY CORP
3.41%
FORMFACTOR
1.87%
KULICKE AND SOFFA INDUSTRIES
1.66%
IES HOLDINGS
1.64%
NLIGHT INC
1.62%
AXSOME THERA CMN STK
1.46%
BOX INC
1.40%
GUARDANT HEALTH INC
1.36%
BUCKLE
1.34%
ALLIANCE DATA SYSTEMS
1.33%
SITIME CORP
1.32%
BRIDGEBIO PHARMA
1.31%
VALLEY NATL BANCORP
1.29%
PRIMORIS SERVICES
1.29%
GULFPORT ENERGY
1.24%
Frequently asked questions about IWC and FSML
How have the IWC and FSML ETFs performed in 2026?
As of June 15, 2026, IWC is up 21.44% year-to-date (YTD), while FSML has returned 20.96%. That puts IWC better performer ahead so far this year.
Which ETF is attracting more investor money: IWC or FSML?
Year-to-date, the IWC ETF saw +$121M in flows, compared to +$101M for FSML.
Which ETF is bigger: IWC or FSML?
As of June 15, 2026, IWC holds $1.45 B in assets under management (AUM), while FSML manages $120.73 M.
What sectors do the IWC and FSML ETFs invest in?
IWC leans toward sectors like Health Care, Information Technology and Financials. Meanwhile, FSML focuses on Industrials, Information Technology and Health Care.
What are the top holdings of the IWC ETF and FSML ETF?
IWC top holdings include APPLIED OPTOEL/D, US74006W2070 and APPLIED BLOCKCHAIN. FSML holds in its top three: BLOOM ENERGY CORP, FORMFACTOR and KULICKE AND SOFFA INDUSTRIES.
Which ETF is more diversified: IWC or FSML?
IWC holds 1287 securities with 15.36% of its assets in the top 15. FSML has 297 securities and a top 15 weight of 23.53%.
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