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, Industrials and Healthcare. 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 20.02% year-to-date (YTD) with +$1.26B in YTD flows. AFMC performs worse with 18.96% YTD performance, and +$72M 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 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMSL AFMC | -0.99%+0.09% | +8.42%+7.00% | +20.02%+18.96% | +29.01%+26.18% | +64.61%+63.39% | n/a+69.41% |
| Flows | TMSL AFMC | -$127M+$18M | +$703M+$30M | +$1.26B+$72M | +$1.52B+$84M | +$2.31B+$154M | -+$157M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMSL AFMC | +18.09%+13.85% | +17.71%+14.94% | +18.53%+17.50% | n/a+19.26% |
| Max drawdown | TMSL AFMC | -4.07%-3.94% | -10.97%-8.15% | -24.43%-21.83% | n/a-25.69% |
| Max drawdown duration | TMSL AFMC | 19d19d | 46d47d | 283d289d | n/a752d |
Trading data
TMSL | AFMC | |
Last sale 7/29/2026 at 1:30 PM | $42.25 | $40.38 |
| Previous close 07/29/2026 | $43.08 | $40.88 |
| Consolidated volume 07/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
TMSL | AFMC | |
|---|---|---|
| Last price | $42.25 | $40.38 |
| 1D performance | -1.93% | -1.22% |
| AuM | $2.76 B | $191.90 M |
| E/R | 0.55% | 0.68% |
Characteristics
TMSL | AFMC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | First Trust |
| Benchmark | - | - |
| N° of holdings | 291 | 263 |
| 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
89.61%
Other
10.39%
AFMC
USA
95.93%
Other
4.07%
Sectors
TMSL
Finance
22.41%
Industrials
19.12%
Healthcare
16.61%
Technology
14.18%
Non-Energy Materi.
7.62%
Other
20.07%
AFMC
Finance
20.43%
Technology
19.78%
Industrials
17.72%
Healthcare
10.26%
Consumer Cyclical.
9.66%
Non-Energy Materi.
8.73%
Other
13.42%
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Diversification
TMSL
Total weight of top 15 holdings out of 15
13.51%
AFMC
Total weight of top 15 holdings out of 15
15.84%
Top 15 holdings
Data as of June 30, 2026
TMSL
Popular, Inc.
1.18%
The Middleby Corp.
1.06%
East West Bancorp, Inc.
1.03%
nVent Electric Plc
1.00%
AXIS Capital Holdings Ltd.
0.96%
Tenet Healthcare Corp.
0.89%
Rambus, Inc.
0.87%
Guardant Health, Inc.
0.83%
Acuity, Inc.
0.83%
MKS, Inc.
0.83%
StandardAero, Inc.
0.82%
Permian Resources Corp.
0.81%
TechnipFMC plc
0.80%
StoneX Group, Inc.
0.80%
BrightSpring Health Services, Inc.
0.80%
AFMC
Flex Ltd.
1.83%
Casey's General Stores, Inc.
1.25%
BorgWarner, Inc.
1.24%
Mueller Industries, Inc.
1.10%
RenaissanceRe Holdings Ltd.
1.07%
Exelixis, Inc.
1.07%
Matson, Inc.
1.00%
Federated Hermes, Inc.
0.99%
TechnipFMC plc
0.97%
NetScout Systems, Inc.
0.93%
ATI, Inc.
0.90%
Curtiss-Wright Corp.
0.90%
Woodward, Inc.
0.88%
Affiliated Managers Group, Inc.
0.86%
National Fuel Gas Co.
0.85%
Frequently asked questions about TMSL and AFMC
How have the TMSL and AFMC ETFs performed in 2026?
As of July 28, 2026, TMSL is up 20.02% year-to-date (YTD), while AFMC has returned 18.96%. That puts TMSL better performer ahead so far this year.
Which ETF is attracting more investor money: TMSL or AFMC?
Year-to-date, the TMSL ETF saw +$1.26B in flows, compared to +$72M for AFMC.
Which ETF is more volatile: TMSL or AFMC?
Over the past year, TMSL had a volatility of 17.71%, while AFMC experienced 14.94%.
Which ETF is bigger: TMSL or AFMC?
As of July 28, 2026, TMSL holds $2.76 B in assets under management (AUM), while AFMC manages $191.90 M.
What sectors do the TMSL and AFMC ETFs invest in?
TMSL leans toward sectors like Finance, Industrials and Healthcare. Meanwhile, AFMC focuses on Finance, Technology and Industrials.
What are the top holdings of the TMSL ETF and AFMC ETF?
TMSL top holdings include Popular, Inc., The Middleby Corp. and East West Bancorp, Inc.. AFMC holds in its top three: Flex Ltd., Casey's General Stores, Inc. and BorgWarner, Inc..
Which ETF is more diversified: TMSL or AFMC?
TMSL holds 299 securities with 13.51% of its assets in the top 15. AFMC has 263 securities and a top 15 weight of 15.84%.
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