IWMWvsFSMLETF Comparison
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iShares Russell 2000 BuyWrite ETF (IWMW) belongs to the Options Strategies 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. IWMW is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.45% for FSML. IWMW is up 12.52% year-to-date (YTD) with +$24M in YTD flows. FSML performs better with 19.31% YTD performance, and +$130M in YTD flows. Run a side-by-side ETF comparison of IWMW 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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IWMW vs FSML performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWMW FSML | -4.35%-5.32% | +1.98%-1.37% | +12.52%+19.31% | +15.10%n/a | n/an/a | n/an/a |
| Flows | IWMW FSML | -$821K+$1M | +$7M+$29M | +$24M+$130M | +$31M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWMW FSML | +9.88%+15.60% | +12.37%n/a | n/an/a | n/an/a |
| Max drawdown | IWMW FSML | -4.38%-5.58% | -6.92%n/a | n/an/a | n/an/a |
| Max drawdown duration | IWMW FSML | 30d30d | 62dn/a | n/an/a | n/an/a |
Trading data
IWMW | FSML | |
Last sale 9/16/2026 at 1:30 PM | $38.11 | $29.37 |
| Previous close 09/15/2026 | $38.25 | $29.37 |
| Consolidated volume 09/15/2026 | ||
| 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 indexIWMW | 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 9/16/2026 at 1:30 PM
Live
Closed
IWMW | FSML | |
|---|---|---|
| Last price | $38.11 | $29.37 |
| 1D performance | -0.37% | -0.00% |
| AuM | $57.47 M | $147.02 M |
| E/R | 0.39% | 0.45% |
Characteristics
IWMW | FSML | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Franklin Templeton |
| Benchmark | Cboe FTSE Russell IWM 2% OTM BuyWrite Index | - |
| N° of holdings | 1945 | 298 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 14, 2024 | December 9, 2025 |
| ESG | No | No |
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Exposure
Countries
IWMW
USA
96.06%
Other
3.94%
FSML
USA
93.66%
Other
6.34%
Sectors
IWMW
Finance
26.88%
Healthcare
20.29%
Technology
11.87%
Industrials
10.58%
Other
30.37%
FSML
Finance
24.65%
Healthcare
20.16%
Technology
14.1%
Industrials
11.24%
Other
29.85%
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Diversification
IWMW
Total weight of top 15 holdings out of 15
5.1%
FSML
Total weight of top 15 holdings out of 15
19.03%
Top 15 holdings
Data as of July 31, 2026
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%
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 IWMW and FSML
How have the IWMW and FSML ETFs performed in 2026?
As of September 15, 2026, IWMW is up 12.52% year-to-date (YTD), while FSML has returned 19.31%. That puts FSML better performer ahead so far this year.
Which ETF is attracting more investor money: IWMW or FSML?
Year-to-date, the IWMW ETF saw +$24M in flows, compared to +$130M for FSML.
Which ETF is bigger: IWMW or FSML?
As of September 15, 2026, IWMW holds $57.47 M in assets under management (AUM), while FSML manages $147.02 M.
What sectors do the IWMW and FSML ETFs invest in?
IWMW leans toward sectors like Finance, Healthcare and Technology. Meanwhile, FSML focuses on Finance, Healthcare and Technology.
What are the top holdings of the IWMW ETF and FSML ETF?
IWMW top holdings include BlackRock Cash Funds - Treasury, Moog, Inc. and BrightSpring Health Services, Inc.. FSML holds in its top three: Oceaneering International, Inc., Jackson Financial, Inc. and 10X Genomics, Inc..
Which ETF is more diversified: IWMW or FSML?
IWMW holds 1957 securities with 5.1% of its assets in the top 15. FSML has 298 securities and a top 15 weight of 19.03%.
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