TMSLvsFFSMETF Comparison
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T. Rowe Price Small-Mid Cap ETF (TMSL) belongs to the US Multi-Factor segment. Fidelity Fundamental Small-Mid Cap ETF (FFSM) is part of the Global Blended Cap segment. TMSL's top 3 sector exposures are Finance, Healthcare and Industrials. In contrast, FFSM's top sector exposures are Finance, Industrials and Technology. TMSL is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.43% for FFSM. TMSL is up 15.41% year-to-date (YTD) with +$1.78B in YTD flows. FFSM performs worse with 10.91% YTD performance, and +$451M in YTD flows. Run a side-by-side ETF comparison of TMSL and FFSM 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 FFSM 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 FFSM | +0.90%-0.67% | -3.78%-8.06% | +15.41%+10.91% | +15.93%+13.48% | +79.92%+75.99% | n/a+46.18% |
| Flows | TMSL FFSM | +$150M+$18M | +$539M+$92M | +$1.78B+$451M | +$1.91B+$590M | +$2.79B+$1.28B | -+$1.29B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMSL FFSM | +13.65%+14.31% | +17.50%+18.37% | +18.48%+19.18% | n/a+20.60% |
| Max drawdown | TMSL FFSM | -9.77%-12.74% | -10.97%-12.74% | -24.43%-24.54% | n/a-26.71% |
| Max drawdown duration | TMSL FFSM | 71d71d | 46d71d | 283d283d | n/a828d |
Trading data
TMSL | FFSM | |
Last sale 10/28/2026 at 1:30 PM | $41.68 | $34.09 |
| Previous close 10/27/2026 | $41.58 | $33.93 |
| 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 | FFSM | |
|---|---|---|
| Last price | $41.68 | $34.09 |
| 1D performance | +0.24% | +0.47% |
| AuM | $3.16 B | $1.48 B |
| E/R | 0.55% | 0.43% |
Characteristics
TMSL | FFSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | Fidelity |
| Benchmark | - | - |
| N° of holdings | 287 | 134 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 15, 2023 | February 4, 2021 |
| ESG | No | No |
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Exposure
Countries
TMSL
USA
90.17%
Other
9.83%
FFSM
USA
95.77%
Other
4.23%
Sectors
TMSL
Finance
26.27%
Healthcare
17.1%
Industrials
16.4%
Technology
12.41%
Non-Energy Materi.
7.78%
Other
20.04%
FFSM
Finance
18.87%
Industrials
15.91%
Technology
14.39%
Healthcare
12.23%
Non-Energy Materi.
11.82%
Energy
7.62%
Other
19.17%
Diversification
TMSL
Total weight of top 15 holdings out of 15
13.56%
FFSM
Total weight of top 15 holdings out of 15
49.38%
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%
FFSM
US4642877058
13.60%
US4642876068
13.49%
US4642878791
4.37%
US4642878874
2.49%
TechnipFMC plc
2.13%
FirstCash Holdings, Inc.
1.89%
Advanced Energy Industries, Inc.
1.57%
Carpenter Technology Corp.
1.47%
East West Bancorp, Inc.
1.36%
US Foods Holding Corp.
1.27%
Stifel Financial Corp.
1.24%
Western Digital Corp.
1.17%
Somnigroup International, Inc.
1.13%
Antero Resources Corp.
1.12%
Chord Energy Corp.
1.10%
Frequently asked questions about TMSL and FFSM
How have the TMSL and FFSM ETFs performed in 2026?
As of October 26, 2026, TMSL is up 15.41% year-to-date (YTD), while FFSM has returned 10.91%. That puts TMSL better performer ahead so far this year.
Which ETF is attracting more investor money: TMSL or FFSM?
Year-to-date, the TMSL ETF saw +$1.78B in flows, compared to +$451M for FFSM.
Which ETF is more volatile: TMSL or FFSM?
Over the past year, TMSL had a volatility of 17.5%, while FFSM experienced 18.37%.
Which ETF is bigger: TMSL or FFSM?
As of October 26, 2026, TMSL holds $3.16 B in assets under management (AUM), while FFSM manages $1.48 B.
What sectors do the TMSL and FFSM ETFs invest in?
TMSL leans toward sectors like Finance, Healthcare and Industrials. Meanwhile, FFSM focuses on Finance, Industrials and Technology.
What are the top holdings of the TMSL ETF and FFSM ETF?
TMSL top holdings include Tenet Healthcare Corp., Popular, Inc. and Permian Resources Corp.. FFSM holds in its top three: US4642877058, US4642876068 and US4642878791.
Which ETF is more diversified: TMSL or FFSM?
TMSL holds 287 securities with 13.56% of its assets in the top 15. FFSM has 1045 securities and a top 15 weight of 49.38%.
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