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SCHAvsFSMLETF Comparison

ETF 1

SCHA

Schwab U.S. Small-Cap ETF

This fund is part of

US Small Cap

+0.12%

Full SCHA fund page

VS

ETF 2

FSML

Franklin Small Cap Enhanced ETF

This fund is part of

US Multi-Factor

+0%

Full FSML fund page

Schwab U.S. Small-Cap ETF (SCHA) belongs to the US Small Cap segment. Franklin Small Cap Enhanced ETF (FSML) is part of the US Multi-Factor segment. SCHA's top 3 sector exposures are Industrials, Information Technology and Financials. In contrast, FSML's top sector exposures are Industrials, Health Care and Information Technology. SCHA is less expensive with a Total Expense Ratio (TER) of 0.04%, versus 0.45% for FSML. SCHA is up 13.78% year-to-date (YTD) with +$159M in YTD flows. FSML performs worse with 12.81% YTD performance, and +$115M in YTD flows. Run a side-by-side ETF comparison of SCHA 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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SCHA 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 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SCHA FSML	+13.70%+14.92%	+6.39%+6.12%	+13.78%+12.81%	+43.40%n/a	+65.48%n/a	+33.42%n/a
Flows	SCHA FSML	+$28M-$1M	+$210M+$18M	+$159M+$115M	-$124M-	+$780M-	+$1.73B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SCHA FSML	+20.87%+22.62%	+18.44%n/a	+20.56%n/a	+22.05%n/a
Max drawdown	SCHA FSML	-9.23%-11.01%	-9.52%n/a	-27.23%n/a	-30.84%n/a
Max drawdown duration	SCHA FSML	60d63d	78dn/a	289dn/a	1072dn/a

Trading data

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	SCHA	FSML
Last sale 4/28/2026 at 1:30 PM	$31.98	$27.79
Previous close 04/27/2026	$32.37	$27.79
Consolidated volume 04/27/2026
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 index

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	SCHA	FSML
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/28/2026 at 1:30 PM

Live

Closed

	SCHA	FSML
Last price	$31.98	$27.79
1D performance	-1.20%	-0.00%
AuM	$22.06 B	$125.10 M
E/R	0.04%	0.45%

Characteristics

	SCHA	FSML
Management strategy	Passive	Active
Provider	Schwab ETFs	Franklin Templeton
Benchmark	Dow Jones U.S. Small-Cap Total Stock Market Index	-
N° of holdings	1452	273
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	November 3, 2009	December 9, 2025
ESG	No	No

More SCHA data on Trackinsight

More FSML data on Trackinsight

Exposure

Countries

SCHA

USA

96.26%

Other

3.74%

FSML

USA

92.78%

Other

7.22%

Sectors

SCHA

Industrials

14.58%

Information Techn.

14.55%

Financials

13.87%

Health Care

12.8%

Consumer Discreti.

9.83%

Other

34.37%

FSML

Industrials

18.21%

Health Care

16.18%

Information Techn.

15.1%

Financials

13.48%

Consumer Discreti.

9.32%

Other

27.72%

Diversification

SCHA

Total weight of top 15 holdings out of 15

8.28%

FSML

Total weight of top 15 holdings out of 15

22.17%

Top 15 holdings

Data as of March 31, 2026

SCHA

US80004C2008

2.24%

LUMENTUM HOLDINGS

1.23%

ATI INC

0.49%

US65290E1010

0.44%

REVOLUTION MEDICINES INC

0.43%

COEUR MINING INC

0.42%

ECHOSTAR

0.37%

MKS INSTRUMENTS

0.37%

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC

0.36%

ROCKET COMPANIES

0.34%

NEW YORK TIMES

0.34%

US72348N1090

0.32%

BRIDGEBIO PHARMA

0.31%

FIVE BELOW

0.31%

MUELLER INDUSTRIES

0.30%

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 SCHA and FSML

How have the SCHA and FSML ETFs performed in 2026?

As of April 27, 2026, SCHA is up 13.78% year-to-date (YTD), while FSML has returned 12.81%. That puts SCHA better performer ahead so far this year.

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

Year-to-date, the SCHA ETF saw +$159M in flows, compared to +$115M for FSML.

Which ETF is bigger: SCHA or FSML?

As of April 27, 2026, SCHA holds $22.06 B in assets under management (AUM), while FSML manages $125.10 M.

What sectors do the SCHA and FSML ETFs invest in?

SCHA leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, FSML focuses on Industrials, Health Care and Information Technology.

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

SCHA top holdings include US80004C2008, LUMENTUM HOLDINGS and ATI INC. FSML holds in its top three: BLOOM ENERGY CORP, NLIGHT INC and GULFPORT ENERGY.

Which ETF is more diversified: SCHA or FSML?

SCHA holds 1716 securities with 8.28% of its assets in the top 15. FSML has 299 securities and a top 15 weight of 22.17%.

Small-Cap Funds Outperform Their Large-Cap Peers

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SCHA

Small Cap ETFs Among the Week’s Top Performers

July 3, 2023

SCHA

SCHAvsFSMLETF Comparison

Schwab U.S. Small-Cap ETF

Franklin Small Cap Enhanced ETF

SCHA 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 SCHA and FSML ETFs performed in 2026?

As of April 27, 2026, SCHA is up 13.78% year-to-date (YTD), while FSML has returned 12.81%. That puts SCHA better performer ahead so far this year.

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

Year-to-date, the SCHA ETF saw +$159M in flows, compared to +$115M for FSML.

Which ETF is bigger: SCHA or FSML?

As of April 27, 2026, SCHA holds $22.06 B in assets under management (AUM), while FSML manages $125.10 M.

What sectors do the SCHA and FSML ETFs invest in?

SCHA leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, FSML focuses on Industrials, Health Care and Information Technology.

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

SCHA top holdings include US80004C2008, LUMENTUM HOLDINGS and ATI INC. FSML holds in its top three: BLOOM ENERGY CORP, NLIGHT INC and GULFPORT ENERGY.

Which ETF is more diversified: SCHA or FSML?

SCHA holds 1716 securities with 8.28% of its assets in the top 15. FSML has 299 securities and a top 15 weight of 22.17%.

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