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, Financials and Information Technology. In contrast, FSML's top sector exposures are Industrials, Health Care and Information Technology. IWC is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.45% for FSML. IWC is up 14.21% year-to-date (YTD) with +$130M in YTD flows. FSML performs worse with 12.86% YTD performance, and +$115M 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 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWC FSML | +11.89%+12.44% | +5.92%+6.09% | +14.21%+12.86% | +65.21%n/a | +79.54%n/a | +27.94%n/a |
| Flows | IWC FSML | +$19M-$1M | +$30M+$18M | +$130M+$115M | +$147M- | -$43M- | -$148M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWC FSML | +27.90%+22.62% | +23.51%n/a | +24.14%n/a | +24.46%n/a |
| Max drawdown | IWC FSML | -11.16%-11.01% | -12.28%n/a | -29.17%n/a | -40.56%n/a |
| Max drawdown duration | IWC FSML | 76d63d | 82dn/a | 233dn/a | 1562dn/a |
Trading data
IWC | FSML | |
Last sale 4/27/2026 at 3:21 PM | $179.88 | $27.81 |
| Previous close 04/24/2026 | $179.69 | $27.81 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 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 | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 3:21 PM
Live
Closed
IWC | FSML | |
|---|---|---|
| Last price | $179.88 | $27.81 |
| 1D performance | +0.11% | -0.00% |
| AuM | $1.38 B | $125.15 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 | 964 | 273 |
| 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
93.58%
Other
6.42%
FSML
USA
92.78%
Other
7.22%
Sectors
IWC
Health Care
20.7%
Financials
17.02%
Information Techn.
15.6%
Industrials
10.16%
Other
36.52%
FSML
Industrials
18.21%
Health Care
16.18%
Information Techn.
15.1%
Financials
13.48%
Consumer Discreti.
9.32%
Other
27.72%
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Diversification
IWC
Total weight of top 15 holdings out of 15
13.84%
FSML
Total weight of top 15 holdings out of 15
22.17%
Top 15 holdings
Data as of March 31, 2026
IWC
US74006W2070
1.73%
APPLIED BLOCKCHAIN
1.17%
APPLIED OPTOEL/D
1.16%
COGENT BIOSCIENCES
1.15%
TERNS PHARMACEUTICALS
1.05%
TERAWULF INC
0.93%
ENERGY FUELS
0.89%
CIPHER MINING INC
0.87%
CELCUITY INC
0.83%
COMMSCOPE HOLDING
0.83%
TUTOR PERINI
0.71%
ERASCA
0.64%
COMPOSECURE INC
0.63%
US2528281080
0.63%
AXT
0.62%
FSML
BLOOM ENERGY CORP
2.17%
NLIGHT INC
1.65%
GULFPORT ENERGY
1.58%
BOX INC
1.55%
GUARDANT HEALTH INC
1.51%
FORMFACTOR
1.46%
AXSOME THERA CMN STK
1.44%
BRIDGEBIO PHARMA
1.43%
IES HOLDINGS
1.42%
US2189371006
1.39%
KULICKE AND SOFFA INDUSTRIES
1.39%
BUCKLE
1.32%
VALLEY NATL BANCORP
1.30%
ALLIANCE DATA SYSTEMS
1.28%
KRATOS DEFENSE AND SECURITY SOLS
1.28%
Frequently asked questions about IWC and FSML
How have the IWC and FSML ETFs performed in 2026?
As of April 24, 2026, IWC is up 14.21% year-to-date (YTD), while FSML has returned 12.86%. 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 +$130M in flows, compared to +$115M for FSML.
Which ETF is bigger: IWC or FSML?
As of April 24, 2026, IWC holds $1.38 B in assets under management (AUM), while FSML manages $125.15 M.
What sectors do the IWC and FSML ETFs invest in?
IWC leans toward sectors like Health Care, Financials and Information Technology. Meanwhile, FSML focuses on Industrials, Health Care and Information Technology.
What are the top holdings of the IWC ETF and FSML ETF?
IWC top holdings include US74006W2070, APPLIED BLOCKCHAIN and APPLIED OPTOEL/D. FSML holds in its top three: BLOOM ENERGY CORP, NLIGHT INC and GULFPORT ENERGY.
Which ETF is more diversified: IWC or FSML?
IWC holds 1296 securities with 13.84% of its assets in the top 15. FSML has 299 securities and a top 15 weight of 22.17%.
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