TMSLvsTSMEETF Comparison
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T. Rowe Price Small-Mid Cap ETF (TMSL) and Thrivent Small-Mid Cap Equity ETF (TSME) belong to the same industry segment: US Multi-Factor. TMSL's top 3 sector exposures are Finance, Industrials and Healthcare. In contrast, TSME's top sector exposures are Technology, Industrials and Healthcare. TMSL is less expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.65% for TSME. TMSL is up 15.91% year-to-date (YTD) with +$1.56B in YTD flows. TSME performs worse with 12.68% YTD performance, and -$53M in YTD flows. Run a side-by-side ETF comparison of TMSL and TSME 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 TSME performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMSL TSME | -6.07%-7.00% | +2.30%-5.21% | +15.91%+12.68% | +20.04%+10.72% | +65.48%+63.23% | n/an/a |
| Flows | TMSL TSME | +$212M-$56M | +$619M-$20M | +$1.56B-$53M | +$1.81B+$237M | +$2.59B+$523M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMSL TSME | +16.15%+22.40% | +17.79%+23.30% | +18.60%+22.34% | n/an/a |
| Max drawdown | TMSL TSME | -7.18%-11.63% | -10.97%-14.69% | -24.43%-26.79% | n/an/a |
| Max drawdown duration | TMSL TSME | 25d73d | 46d54d | 283d255d | n/an/a |
Trading data
TMSL | TSME | |
Last sale 9/11/2026 at 1:30 PM | $41.90 | $46.97 |
| Previous close 09/10/2026 | $41.57 | $46.13 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
TMSL | TSME | |
|---|---|---|
| Last price | $41.90 | $46.97 |
| 1D performance | +0.79% | +1.82% |
| AuM | $2.96 B | $885.64 M |
| E/R | 0.55% | 0.65% |
Characteristics
TMSL | TSME | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | Thrivent Asset Management |
| Benchmark | - | - |
| N° of holdings | 285 | 64 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 15, 2023 | October 5, 2022 |
| ESG | No | No |
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Exposure
Countries
TMSL
USA
90.26%
Other
9.74%
TSME
USA
89.94%
Other
10.06%
Sectors
TMSL
Finance
25.89%
Industrials
18.15%
Healthcare
16.09%
Technology
12.3%
Non-Energy Materi.
7.64%
Other
19.93%
TSME
Technology
24.7%
Industrials
23.7%
Healthcare
11.69%
Finance
11.56%
Consumer Non-Cycl.
8.94%
Other
19.41%
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Diversification
TMSL
Total weight of top 15 holdings out of 15
13.59%
TSME
Total weight of top 15 holdings out of 15
35.46%
Top 15 holdings
Data as of July 31, 2026
TMSL
Popular, Inc.
1.19%
Tenet Healthcare Corp.
1.10%
AXIS Capital Holdings Ltd.
0.97%
Permian Resources Corp.
0.96%
nVent Electric Plc
0.93%
East West Bancorp, Inc.
0.90%
Guardant Health, Inc.
0.89%
TechnipFMC plc
0.89%
Reliance, Inc.
0.87%
The Middleby Corp.
0.84%
Corpay, Inc.
0.84%
StandardAero, Inc.
0.82%
Voya Financial, Inc.
0.80%
Marex Group Ltd.
0.79%
Teledyne Technologies, Inc.
0.79%
TSME
SharkNinja, Inc.
3.43%
Enova International, Inc.
3.37%
Littelfuse, Inc.
2.81%
LSI Industries, Inc.
2.53%
Bel Fuse, Inc.
2.49%
Viking Holdings Ltd. (Bermuda)
2.43%
Ryder System, Inc.
2.24%
Limbach Holdings, Inc.
2.20%
Federal Agricultural Mortgage Corp.
2.12%
OneMain Holdings, Inc.
2.11%
Turning Point Brands, Inc.
2.05%
Casey's General Stores, Inc.
2.03%
InterDigital, Inc.
1.93%
Modine Manufacturing Co.
1.87%
Penguin Solutions, Inc.
1.86%
Frequently asked questions about TMSL and TSME
How have the TMSL and TSME ETFs performed in 2026?
As of September 10, 2026, TMSL is up 15.91% year-to-date (YTD), while TSME has returned 12.68%. That puts TMSL better performer ahead so far this year.
Which ETF is attracting more investor money: TMSL or TSME?
Year-to-date, the TMSL ETF saw +$1.56B in flows, compared to -$53M for TSME.
Which ETF is more volatile: TMSL or TSME?
Over the past year, TMSL had a volatility of 17.79%, while TSME experienced 23.3%.
Which ETF is bigger: TMSL or TSME?
As of September 10, 2026, TMSL holds $2.96 B in assets under management (AUM), while TSME manages $885.64 M.
What sectors do the TMSL and TSME ETFs invest in?
TMSL leans toward sectors like Finance, Industrials and Healthcare. Meanwhile, TSME focuses on Technology, Industrials and Healthcare.
What are the top holdings of the TMSL ETF and TSME ETF?
TMSL top holdings include Popular, Inc., Tenet Healthcare Corp. and AXIS Capital Holdings Ltd.. TSME holds in its top three: SharkNinja, Inc., Enova International, Inc. and Littelfuse, Inc..
Which ETF is more diversified: TMSL or TSME?
TMSL holds 285 securities with 13.59% of its assets in the top 15. TSME has 64 securities and a top 15 weight of 35.46%.
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Latest news about TMSL & TSME
What's the Fund | Thrivent Small-Mid Cap Equity ETF (Ticker: TSME)
March 6, 2026
TSME
Putting The Pieces Together of a Small-Mid Cap ESG ETF
October 5, 2023
TSME
Exploring Actively Managed ETFs and Thrivent's SMID Cap Strategy
May 19, 2023
TSME
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Understanding US Multi-Factor Investing
May 9, 2023
TSME
Understanding US Multi-Factor Investing
May 9, 2023
TSME
Chad Miller on Thrivent's Small Mid Cap ESG ETF (TSME)
April 25, 2023
TSME
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