TMSLvsAFMCETF Comparison
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T. Rowe Price Small-Mid Cap ETF (TMSL) and First Trust Active Factor Mid Cap ETF (AFMC) belong to the same industry segment: US Multi-Factor. TMSL's top 3 sector exposures are Finance, Healthcare and Industrials. In contrast, AFMC's top sector exposures are Finance, Technology and Industrials. TMSL is less expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.68% for AFMC. TMSL is up 15.41% year-to-date (YTD) with +$1.78B in YTD flows. AFMC performs better with 18.6% YTD performance, and +$123M in YTD flows. Run a side-by-side ETF comparison of TMSL and AFMC 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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TMSL vs AFMC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMSL AFMC | +0.90%+2.13% | -3.78%+0.24% | +15.41%+18.60% | +15.93%+19.75% | +79.92%+87.10% | n/a+67.03% |
| Flows | TMSL AFMC | +$150M+$18M | +$539M+$51M | +$1.78B+$123M | +$1.91B+$127M | +$2.79B+$205M | -+$208M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMSL AFMC | +13.65%+11.42% | +17.50%+14.33% | +18.48%+17.18% | n/a+19.11% |
| Max drawdown | TMSL AFMC | -9.77%-5.86% | -10.97%-8.15% | -24.43%-21.83% | n/a-25.69% |
| Max drawdown duration | TMSL AFMC | 71d72d | 46d47d | 283d289d | n/a752d |
Trading data
TMSL | AFMC | |
Last sale 10/28/2026 at 1:30 PM | $41.68 | $40.63 |
| Previous close 10/27/2026 | $41.58 | $40.74 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
TMSL | AFMC | |
|---|---|---|
| Last price | $41.68 | $40.63 |
| 1D performance | +0.24% | -0.28% |
| AuM | $3.16 B | $242.07 M |
| E/R | 0.55% | 0.68% |
Characteristics
TMSL | AFMC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | First Trust |
| Benchmark | - | - |
| N° of holdings | 287 | 264 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 15, 2023 | December 3, 2019 |
| ESG | No | No |
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Exposure
Countries
TMSL
USA
90.17%
Other
9.83%
AFMC
USA
95.59%
Other
4.41%
Sectors
TMSL
Finance
26.27%
Healthcare
17.1%
Industrials
16.4%
Technology
12.41%
Non-Energy Materi.
7.78%
Other
20.04%
AFMC
Finance
20.55%
Technology
17.85%
Industrials
16.15%
Healthcare
11.07%
Consumer Cyclical.
9.45%
Non-Energy Materi.
9.3%
Other
15.63%
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Diversification
TMSL
Total weight of top 15 holdings out of 15
13.56%
AFMC
Total weight of top 15 holdings out of 15
17.04%
Top 15 holdings
Data as of August 31, 2026
TMSL
Tenet Healthcare Corp.
1.15%
Popular, Inc.
1.15%
Permian Resources Corp.
1.02%
TechnipFMC plc
0.93%
AXIS Capital Holdings Ltd.
0.91%
nVent Electric Plc
0.90%
Corpay, Inc.
0.90%
East West Bancorp, Inc.
0.89%
Guardant Health, Inc.
0.89%
Marex Group Ltd.
0.89%
InterDigital, Inc.
0.83%
Reliance, Inc.
0.82%
TD SYNNEX Corp.
0.78%
Acuity, Inc.
0.75%
Samsara, Inc.
0.75%
AFMC
Reliance, Inc.
1.66%
HF Sinclair Corp.
1.33%
Matson, Inc.
1.33%
Casey's General Stores, Inc.
1.24%
BorgWarner, Inc.
1.16%
Mueller Industries, Inc.
1.13%
Chord Energy Corp.
1.11%
Exelixis, Inc.
1.08%
Federated Hermes, Inc.
1.06%
TechnipFMC plc
1.06%
RenaissanceRe Holdings Ltd.
1.05%
ATI, Inc.
0.97%
Halozyme Therapeutics, Inc.
0.96%
H&R Block, Inc.
0.95%
TD SYNNEX Corp.
0.95%
Frequently asked questions about TMSL and AFMC
How have the TMSL and AFMC ETFs performed in 2026?
As of October 26, 2026, TMSL is up 15.41% year-to-date (YTD), while AFMC has returned 18.6%. That puts AFMC better performer ahead so far this year.
Which ETF is attracting more investor money: TMSL or AFMC?
Year-to-date, the TMSL ETF saw +$1.78B in flows, compared to +$123M for AFMC.
Which ETF is more volatile: TMSL or AFMC?
Over the past year, TMSL had a volatility of 17.5%, while AFMC experienced 14.33%.
Which ETF is bigger: TMSL or AFMC?
As of October 26, 2026, TMSL holds $3.16 B in assets under management (AUM), while AFMC manages $242.07 M.
What sectors do the TMSL and AFMC ETFs invest in?
TMSL leans toward sectors like Finance, Healthcare and Industrials. Meanwhile, AFMC focuses on Finance, Technology and Industrials.
What are the top holdings of the TMSL ETF and AFMC ETF?
TMSL top holdings include Tenet Healthcare Corp., Popular, Inc. and Permian Resources Corp.. AFMC holds in its top three: Reliance, Inc., HF Sinclair Corp. and Matson, Inc..
Which ETF is more diversified: TMSL or AFMC?
TMSL holds 287 securities with 13.56% of its assets in the top 15. AFMC has 264 securities and a top 15 weight of 17.04%.
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