TMSLvsSMLFETF Comparison
VS
T. Rowe Price Small-Mid Cap ETF (TMSL) and iShares U.S. Small-Cap Equity Factor ETF (SMLF) belong to the same industry segment: US Multi-Factor. TMSL's top 3 sector exposures are Finance, Healthcare and Industrials. In contrast, SMLF's top sector exposures are Finance, Technology and Healthcare. TMSL is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.15% for SMLF. TMSL is up 15.41% year-to-date (YTD) with +$1.78B in YTD flows. SMLF performs worse with 14.95% YTD performance, and +$936M in YTD flows. Run a side-by-side ETF comparison of TMSL and SMLF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
TMSL vs SMLF 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 SMLF | +0.90%+1.49% | -3.78%-1.16% | +15.41%+14.95% | +15.93%+13.73% | +79.92%+84.39% | n/a+65.22% |
| Flows | TMSL SMLF | +$150M+$76M | +$539M+$156M | +$1.78B+$936M | +$1.91B+$1.19B | +$2.79B+$2.58B | -+$2.31B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMSL SMLF | +13.65%+14.09% | +17.50%+16.84% | +18.48%+19.70% | n/a+21.06% |
| Max drawdown | TMSL SMLF | -9.77%-7.76% | -10.97%-8.74% | -24.43%-26.10% | n/a-26.10% |
| Max drawdown duration | TMSL SMLF | 71d72d | 46d81d | 283d266d | n/a266d |
Trading data
TMSL | SMLF | |
Last sale 10/28/2026 at 1:30 PM | $41.68 | $85.78 |
| Previous close 10/27/2026 | $41.58 | $85.39 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
TMSL
is actively managed and doesn’t replicate an indexTMSL | SMLF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
TMSL | SMLF | |
|---|---|---|
| Last price | $41.68 | $85.78 |
| 1D performance | +0.24% | +0.46% |
| AuM | $3.16 B | $4.21 B |
| E/R | 0.55% | 0.15% |
Characteristics
TMSL | SMLF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | iShares |
| Benchmark | - | STOXX U.S. Small-Cap Equity Factor USD Gross Return |
| N° of holdings | 287 | 886 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 15, 2023 | April 28, 2015 |
| ESG | No | No |
Advertisement
Exposure
Countries
TMSL
USA
90.17%
Other
9.83%
SMLF
USA
93.32%
Other
6.68%
Sectors
TMSL
Finance
26.27%
Healthcare
17.1%
Industrials
16.4%
Technology
12.41%
Non-Energy Materi.
7.78%
Other
20.04%
SMLF
Finance
21.47%
Technology
17.91%
Healthcare
15.37%
Industrials
13.11%
Non-Energy Materi.
7.54%
Other
24.59%
Advertisement
Diversification
TMSL
Total weight of top 15 holdings out of 15
13.56%
SMLF
Total weight of top 15 holdings out of 15
10.5%
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%
SMLF
Moderna, Inc.
0.92%
BlackRock Cash Funds - Treasury
0.91%
Interactive Brokers Group, Inc.
0.91%
EMCOR Group, Inc.
0.86%
nVent Electric Plc
0.78%
Flex Ltd.
0.74%
Natera, Inc.
0.73%
Jabil, Inc.
0.72%
Astera Labs, Inc.
0.66%
Williams-Sonoma, Inc.
0.60%
Credo Technology Group Holding Ltd.
0.55%
Mueller Industries, Inc.
0.54%
Tenet Healthcare Corp.
0.53%
Tapestry, Inc.
0.53%
Reliance, Inc.
0.52%
Frequently asked questions about TMSL and SMLF
How have the TMSL and SMLF ETFs performed in 2026?
As of October 26, 2026, TMSL is up 15.41% year-to-date (YTD), while SMLF has returned 14.95%. That puts TMSL better performer ahead so far this year.
Which ETF is attracting more investor money: TMSL or SMLF?
Year-to-date, the TMSL ETF saw +$1.78B in flows, compared to +$936M for SMLF.
Which ETF is more volatile: TMSL or SMLF?
Over the past year, TMSL had a volatility of 17.5%, while SMLF experienced 16.84%.
Which ETF is bigger: TMSL or SMLF?
As of October 26, 2026, TMSL holds $3.16 B in assets under management (AUM), while SMLF manages $4.21 B.
What sectors do the TMSL and SMLF ETFs invest in?
TMSL leans toward sectors like Finance, Healthcare and Industrials. Meanwhile, SMLF focuses on Finance, Technology and Healthcare.
What are the top holdings of the TMSL ETF and SMLF ETF?
TMSL top holdings include Tenet Healthcare Corp., Popular, Inc. and Permian Resources Corp.. SMLF holds in its top three: Moderna, Inc., BlackRock Cash Funds - Treasury and Interactive Brokers Group, Inc..
Which ETF is more diversified: TMSL or SMLF?
TMSL holds 287 securities with 13.56% of its assets in the top 15. SMLF has 887 securities and a top 15 weight of 10.5%.
Advertisement
Advertisement
