NBSMvsTMSLETF Comparison
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Neuberger Berman Small-Mid Cap ETF (NBSM) and T. Rowe Price Small-Mid Cap ETF (TMSL) belong to the same industry segment: US Multi-Factor. NBSM's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, TMSL's top sector exposures are Finance, Industrials and Healthcare. NBSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.55% for TMSL. NBSM is up 10.39% year-to-date (YTD) with -$110M in YTD flows. TMSL performs better with 15.59% YTD performance, and +$1.59B in YTD flows. Run a side-by-side ETF comparison of NBSM and TMSL 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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NBSM vs TMSL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBSM TMSL | -4.87%-7.14% | +0.88%-1.97% | +10.39%+15.59% | +7.91%+19.43% | n/a+65.94% | n/an/a |
| Flows | NBSM TMSL | -$709K+$188M | -$52M+$625M | -$110M+$1.59B | -$92M+$1.82B | -+$2.61B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBSM TMSL | +12.09%+14.32% | +14.19%+17.75% | n/a+18.60% | n/an/a |
| Max drawdown | NBSM TMSL | -5.76%-8.09% | -10.22%-10.97% | n/a-24.43% | n/an/a |
| Max drawdown duration | NBSM TMSL | 33d32d | 126d46d | n/a283d | n/an/a |
Trading data
NBSM | TMSL | |
Last sale 9/18/2026 at 1:30 PM | $27.81 | $41.31 |
| Previous close 09/17/2026 | $27.97 | $41.49 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
NBSM | TMSL | |
|---|---|---|
| Last price | $27.81 | $41.31 |
| 1D performance | -0.56% | -0.43% |
| AuM | $109.14 M | $2.98 B |
| E/R | 0.75% | 0.55% |
Characteristics
NBSM | TMSL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Neuberger Berman | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 77 | 285 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 21, 2024 | June 15, 2023 |
| ESG | Yes | No |
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Exposure
Countries
NBSM
USA
95.17%
Other
4.83%
TMSL
USA
90.26%
Other
9.74%
Sectors
NBSM
Finance
22.69%
Industrials
18.49%
Non-Energy Materi.
10.16%
Technology
9.97%
Healthcare
9.48%
Other
29.21%
TMSL
Finance
25.89%
Industrials
18.15%
Healthcare
16.09%
Technology
12.3%
Non-Energy Materi.
7.64%
Other
19.93%
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Diversification
NBSM
Total weight of top 15 holdings out of 15
29.46%
TMSL
Total weight of top 15 holdings out of 15
13.59%
Top 15 holdings
Data as of July 31, 2026
NBSM
AptarGroup, Inc.
2.25%
Revvity, Inc.
2.24%
Gates Industrial Corp. Ltd.
2.19%
Haemonetics Corp.
2.19%
Kirby Corp.
2.07%
UMB Financial Corp.
2.06%
Community Financial System, Inc.
1.99%
White Mountains Insurance Group Ltd.
1.93%
UGI Corp.
1.85%
Stewart Information Services Corp.
1.81%
Prosperity Bancshares, Inc.
1.80%
Littelfuse, Inc.
1.80%
Jack Henry & Associates, Inc.
1.80%
Tidewater, Inc.
1.77%
CNX Resources Corp.
1.72%
TMSL
Popular, Inc.
1.19%
Tenet Healthcare Corp.
1.10%
AXIS Capital Holdings Ltd.
0.97%
Permian Resources Corp.
0.96%
nVent Electric Plc
0.93%
East West Bancorp, Inc.
0.90%
Guardant Health, Inc.
0.89%
TechnipFMC plc
0.89%
Reliance, Inc.
0.87%
The Middleby Corp.
0.84%
Corpay, Inc.
0.84%
StandardAero, Inc.
0.82%
Voya Financial, Inc.
0.80%
Marex Group Ltd.
0.79%
Teledyne Technologies, Inc.
0.79%
Frequently asked questions about NBSM and TMSL
How have the NBSM and TMSL ETFs performed in 2026?
As of September 18, 2026, NBSM is up 10.39% year-to-date (YTD), while TMSL has returned 15.59%. That puts TMSL better performer ahead so far this year.
Which ETF is attracting more investor money: NBSM or TMSL?
Year-to-date, the NBSM ETF saw -$110M in flows, compared to +$1.59B for TMSL.
Which ETF is more volatile: NBSM or TMSL?
Over the past year, NBSM had a volatility of 14.19%, while TMSL experienced 17.75%.
Which ETF is bigger: NBSM or TMSL?
As of September 18, 2026, NBSM holds $109.14 M in assets under management (AUM), while TMSL manages $2.98 B.
What sectors do the NBSM and TMSL ETFs invest in?
NBSM leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, TMSL focuses on Finance, Industrials and Healthcare.
What are the top holdings of the NBSM ETF and TMSL ETF?
NBSM top holdings include AptarGroup, Inc., Revvity, Inc. and Gates Industrial Corp. Ltd.. TMSL holds in its top three: Popular, Inc., Tenet Healthcare Corp. and AXIS Capital Holdings Ltd..
Which ETF is more diversified: NBSM or TMSL?
NBSM holds 77 securities with 29.46% of its assets in the top 15. TMSL has 285 securities and a top 15 weight of 13.59%.
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