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TMSLvsVBETF Comparison

ETF 1
TMSL

T. Rowe Price Small-Mid Cap ETF

This fund is part of
US Multi-Factor
-0.34%
Full TMSL fund page
VS
ETF 2
VB

Vanguard Small Cap ETF

This fund is part of
US Small Cap
-0.18%
Full VB fund page

T. Rowe Price Small-Mid Cap ETF (TMSL) belongs to the US Multi-Factor segment. Vanguard Small Cap ETF (VB) is part of the US Small Cap segment. Both ETFs have the same top 3 sector exposures: Industrials, Information Technology and Financials. TMSL is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.03% for VB. TMSL is up 1.06% year-to-date (YTD) with +$362M in YTD flows. VB performs worse with 1.01% YTD performance, and +$385M in YTD flows. Run a side-by-side ETF comparison of TMSL and VB 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 VB performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.0%Feb 13Feb 23Mar 2Mar 9

Cumulative Flows

0 M100 M200 M300 M400 MFeb 13Feb 23Mar 2Mar 9

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/13/2026
1M3MYTD1Y3Y5Y
Perf.
TMSL
VB
-7.09%-5.67%
-0.05%+0.09%
+1.06%+1.01%
+22.82%+21.25%
n/a+49.35%
n/a+25.22%
Flows
TMSL
VB
+$144M+$388M
+$386M+$147M
+$362M+$385M
+$901M+$672M
-+$9.70B
-+$15.54B
Volatility and drawdown
3M1Y3Y5Y
Volatility
TMSL
VB
+17.16%+16.15%
+21.61%+21.69%
n/a+18.87%
n/a+20.67%
Max drawdown
TMSL
VB
-8.52%-6.92%
-16.11%-15.79%
n/a-25.25%
n/a-28.14%
Max drawdown duration
TMSL
VB
15d15d
46d46d
n/a296d
n/a980d
Trading data

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TMSL
VB
Last sale
3/16/2026 at 1:30 PM
$36.64
$262.88
Previous close
03/13/2026
$36.29
$260.61
Consolidated volume
03/13/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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TMSL
is actively managed and doesn’t replicate an index

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TMSL
VB
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/16/2026 at 1:30 PM
Live
Closed
TMSL
VB
Last price
$36.64
$262.88
1D performance
+0.96%
+0.87%
AuM$1.54 B$70.05 B
E/R0.55%0.03%
Characteristics
TMSL
VB
Management strategyActivePassive
ProviderT. Rowe PriceVanguard
Benchmark-CRSP U.S. Small Cap Index
N° of holdings2251170
Asset class-Equities
Trailing 12m distribution yield
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Inception dateJune 15, 2023January 26, 2004
ESGNoNo
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Exposure

Countries

TMSL
USA
76.15%
Other
23.85%
VB
USA
92.72%
Other
7.28%

Sectors

TMSL
Industrials
16.24%
Information Techn.
15.91%
Financials
14.63%
Health Care
10.07%
Consumer Discreti.
9.76%
Other
33.39%
VB
Industrials
18.04%
Information Techn.
13.76%
Financials
11.75%
Health Care
10.95%
Consumer Discreti.
10.09%
Other
35.4%
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Diversification

TMSL

Total weight of top 15 holdings out of 15

15.27%
VB

Total weight of top 15 holdings out of 15

6.86%

Top 15 holdings

Data as of January 31, 2026
TMSL
MKS INSTRUMENTS
1.40%
POPULAR
1.17%
API GROUP CORP
1.13%
TELEDYNE TECH
1.12%
TECHNIPFMC PLC
1.07%
TENET HEALTHCARE
1.03%
WEBSTER FINANCIAL CORPORATION
1.00%
RENAISSANCERE
0.99%
WESTERN ALLIANCE
0.98%
MIDDLEBY
0.97%
US2199481068
0.96%
RAMBUS
0.94%
LATTICE SEMICONDUCTOR
0.87%
FABRINET
0.82%
TEXTRON
0.82%
VB
US80004C2008
1.06%
US7731211089
0.57%
COMFORT SYSTEMS USA
0.53%
CIENA
0.47%
US19247G1076
0.44%
EMCOR GROUP
0.43%
BLOOM ENERGY CORP
0.43%
NATERA
0.40%
NRG ENERGY
0.39%
KYG3730V1059
0.37%
LUMENTUM HOLDINGS
0.37%
SOFI TECHNOLOGIES INC
0.36%
ATMOS ENERGY
0.36%
TAPESTRY INC
0.34%
CHESAPEAKE ENERGY
0.34%
Frequently asked questions about TMSL and VB

How have the TMSL and VB ETFs performed in 2026?

As of March 13, 2026, TMSL is up 1.06% year-to-date (YTD), while VB has returned 1.01%. That puts TMSL better performer ahead so far this year.

Which ETF is attracting more investor money: TMSL or VB?

Year-to-date, the TMSL ETF saw +$362M in flows, compared to +$385M for VB.

Which ETF is more volatile: TMSL or VB?

Over the past year, TMSL had a volatility of 21.61%, while VB experienced 21.69%.

Which ETF is bigger: TMSL or VB?

As of March 13, 2026, TMSL holds $1.54 B in assets under management (AUM), while VB manages $70.05 B.

What sectors do the TMSL and VB ETFs invest in?

TMSL leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, VB focuses on Industrials, Information Technology and Financials.

What are the top holdings of the TMSL ETF and VB ETF?

TMSL top holdings include MKS INSTRUMENTS, POPULAR and API GROUP CORP. VB holds in its top three: US80004C2008, US7731211089 and COMFORT SYSTEMS USA.

Which ETF is more diversified: TMSL or VB?

TMSL holds 231 securities with 15.27% of its assets in the top 15. VB has 1315 securities and a top 15 weight of 6.86%.

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