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TMSLvsIQSMETF Comparison
T. Rowe Price Small-Mid Cap ETF (TMSL) belongs to the US Multi-Factor segment. NYLI Candriam U.S. Mid Cap Equity ETF (IQSM) is part of the US Mid Cap segment. TMSL's top 3 sector exposures are Industrials, Information Technology and Financials. In contrast, IQSM's top sector exposures are Industrials, Information Technology and Health Care. TMSL is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.16% for IQSM. TMSL is up 3.8% year-to-date (YTD) with +$353M in YTD flows. IQSM performs worse with 1.9% YTD performance, and +$61M in YTD flows. Run a side-by-side ETF comparison of TMSL and IQSM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
TMSL vs IQSM performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMSL IQSM | -5.30%-4.41% | +0.86%+0.05% | +3.80%+1.90% | +24.26%+17.13% | n/a+39.89% | n/an/a |
| Flows | TMSL IQSM | +$144M+$45M | +$380M+$60M | +$353M+$61M | +$893M+$44M | -+$219M | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMSL IQSM | +16.65%+14.56% | +21.54%+20.37% | n/a+17.45% | n/an/a |
| Max drawdown | TMSL IQSM | -6.80%-5.34% | -16.11%-15.27% | n/a-23.67% | n/an/a |
| Max drawdown duration | TMSL IQSM | 13d13d | 46d46d | n/a379d | n/an/a |
TMSL | IQSM | |
Last sale 3/13/2026 at 1:30 PM | $36.29 | $34.49 |
| Previous close 03/12/2026 | $36.16 | $34.57 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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TMSL | IQSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
TMSL | IQSM | |
|---|---|---|
| Last price | $36.29 | $34.49 |
| 1D performance | +0.36% | -0.25% |
| AuM | $1.57 B | $270.02 M |
| E/R | 0.55% | 0.16% |
TMSL | IQSM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | New York Life Investments |
| Benchmark | - | NYLI Candriam U.S. Mid Cap Equity Index |
| N° of holdings | 225 | 219 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 15, 2023 | October 25, 2022 |
| ESG | No | Yes |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the TMSL and IQSM ETFs performed in 2026?
As of March 11, 2026, TMSL is up 3.8% year-to-date (YTD), while IQSM has returned 1.9%. That puts TMSL better performer ahead so far this year.
Which ETF is attracting more investor money: TMSL or IQSM?
Year-to-date, the TMSL ETF saw +$353M in flows, compared to +$61M for IQSM.
Which ETF is more volatile: TMSL or IQSM?
Over the past year, TMSL had a volatility of 21.54%, while IQSM experienced 20.37%.
Which ETF is bigger: TMSL or IQSM?
As of March 11, 2026, TMSL holds $1.57 B in assets under management (AUM), while IQSM manages $270.02 M.
What sectors do the TMSL and IQSM ETFs invest in?
TMSL leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, IQSM focuses on Industrials, Information Technology and Health Care.
What are the top holdings of the TMSL ETF and IQSM ETF?
TMSL top holdings include MKS INSTRUMENTS, POPULAR and API GROUP CORP. IQSM holds in its top three: BLOOM ENERGY CORP, LUMENTUM HOLDINGS and TECHNIPFMC PLC.
Which ETF is more diversified: TMSL or IQSM?
TMSL holds 231 securities with 15.27% of its assets in the top 15. IQSM has 225 securities and a top 15 weight of 13.06%.
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