TMSLvsVBETF Comparison
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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 12.49% year-to-date (YTD) with +$606M in YTD flows. VB performs worse with 10.84% YTD performance, and +$192M 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
Cumulative Flows
Historic performance and flows
Data as of 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMSL VB | +9.08%+8.09% | +5.68%+5.15% | +12.49%+10.84% | +35.84%+33.07% | n/a+58.81% | n/a+37.39% |
| Flows | TMSL VB | +$244M-$525M | +$443M+$273M | +$606M+$192M | +$932M+$744M | -+$9.71B | -+$14.37B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMSL VB | +22.32%+19.07% | +17.11%+16.87% | n/a+18.86% | n/a+20.67% |
| Max drawdown | TMSL VB | -10.97%-8.96% | -10.97%-8.96% | n/a-25.25% | n/a-28.14% |
| Max drawdown duration | TMSL VB | 46d48d | 46d48d | n/a296d | n/a980d |
Trading data
TMSL | VB | |
Last sale 5/1/2026 at 1:30 PM | $40.33 | $284.82 |
| Previous close 05/01/2026 | $40.10 | $284.39 |
| Consolidated volume 05/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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TMSL
is actively managed and doesn’t replicate an indexTMSL | 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 5/1/2026 at 1:30 PM
Live
Closed
TMSL | VB | |
|---|---|---|
| Last price | $40.33 | $284.82 |
| 1D performance | +0.57% | +0.15% |
| AuM | $1.96 B | $76.36 B |
| E/R | 0.55% | 0.03% |
Characteristics
TMSL | VB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | Vanguard |
| Benchmark | - | CRSP U.S. Small Cap Index |
| N° of holdings | 226 | 1154 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 15, 2023 | January 26, 2004 |
| ESG | No | No |
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Exposure
Countries
TMSL
USA
75.38%
Other
24.62%
VB
USA
92.27%
Other
7.73%
Sectors
TMSL
Industrials
17.55%
Information Techn.
14.87%
Financials
13.73%
Health Care
10.01%
Consumer Discreti.
8.74%
Other
35.1%
VB
Industrials
17.73%
Information Techn.
13.69%
Financials
11.12%
Health Care
10.78%
Consumer Discreti.
9.82%
Other
36.86%
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Diversification
TMSL
Total weight of top 15 holdings out of 15
14.28%
VB
Total weight of top 15 holdings out of 15
5.69%
Top 15 holdings
Data as of March 31, 2026
TMSL
TECHNIPFMC PLC
1.20%
TENET HEALTHCARE
1.12%
POPULAR
1.11%
US71424F1057
1.05%
TELEDYNE TECH
1.03%
API GROUP CORP
1.00%
MIDDLEBY
0.94%
AXIS CAPITAL HOLDINGS
0.89%
CIENA
0.89%
FABRINET
0.87%
TEXTRON
0.85%
MKS INSTRUMENTS
0.84%
EAST WEST BANCORP
0.84%
NVENT ELECTRIC PLC
0.83%
US2199481068
0.82%
VB
EMCOR GROUP
0.46%
NRG ENERGY
0.43%
ATMOS ENERGY
0.42%
TAPESTRY INC
0.40%
TECHNIPFMC PLC
0.38%
CIENA
0.38%
CASEYS GENERAL STORES
0.37%
JABIL CIRCUIT
0.37%
NATERA
0.37%
CHESAPEAKE ENERGY
0.37%
UTD THERAPEUT
0.36%
KYG3730V1059
0.35%
CURTISS WRIGHT
0.35%
LUMENTUM HOLDINGS
0.35%
COMFORT SYSTEMS USA
0.34%
Frequently asked questions about TMSL and VB
How have the TMSL and VB ETFs performed in 2026?
As of May 1, 2026, TMSL is up 12.49% year-to-date (YTD), while VB has returned 10.84%. 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 +$606M in flows, compared to +$192M for VB.
Which ETF is more volatile: TMSL or VB?
Over the past year, TMSL had a volatility of 17.11%, while VB experienced 16.87%.
Which ETF is bigger: TMSL or VB?
As of May 1, 2026, TMSL holds $1.96 B in assets under management (AUM), while VB manages $76.36 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 TECHNIPFMC PLC, TENET HEALTHCARE and POPULAR. VB holds in its top three: EMCOR GROUP, NRG ENERGY and ATMOS ENERGY.
Which ETF is more diversified: TMSL or VB?
TMSL holds 231 securities with 14.28% of its assets in the top 15. VB has 1308 securities and a top 15 weight of 5.69%.
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