TSMEvsESMLETF Comparison
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Thrivent Small-Mid Cap Equity ETF (TSME) belongs to the US Multi-Factor segment. iShares ESG Aware MSCI USA Small-Cap ETF (ESML) is part of the US Small Cap segment. TSME's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, ESML's top sector exposures are Industrials, Financials and Information Technology. TSME is more expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.17% for ESML. TSME is up 13.07% year-to-date (YTD) with +$27M in YTD flows. ESML performs worse with 11.74% YTD performance, and +$30M in YTD flows. Run a side-by-side ETF comparison of TSME and ESML 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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TSME vs ESML performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSME ESML | +11.17%+11.19% | +4.79%+4.51% | +13.07%+11.74% | +43.99%+38.32% | +73.70%+60.29% | n/a+34.85% |
| Flows | TSME ESML | -$983K-$8M | +$25M-$12M | +$27M+$30M | +$373M-$6M | +$607M+$204M | -+$987M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSME ESML | +27.32%+18.73% | +20.60%+17.20% | +21.37%+19.72% | n/a+21.29% |
| Max drawdown | TSME ESML | -14.69%-9.05% | -14.69%-9.05% | -26.79%-26.61% | n/a-28.52% |
| Max drawdown duration | TSME ESML | 54d46d | 54d46d | 255d296d | n/a980d |
Trading data
TSME | ESML | |
Last sale 4/28/2026 at 3:56 PM | $45.98 | $50.70 |
| Previous close 04/27/2026 | $46.75 | $51.25 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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TSME
is actively managed and doesn’t replicate an indexTSME | ESML | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 3:56 PM
Live
Closed
TSME | ESML | |
|---|---|---|
| Last price | $45.98 | $50.70 |
| 1D performance | -1.65% | -1.08% |
| AuM | $973.33 M | $2.32 B |
| E/R | 0.65% | 0.17% |
Characteristics
TSME | ESML | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Thrivent Asset Management | iShares |
| Benchmark | - | MSCI USA Small Cap Extended ESG Focus Index |
| N° of holdings | 55 | 823 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 5, 2022 | April 10, 2018 |
| ESG | No | Yes |
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Exposure
Countries
TSME
USA
79.72%
Other
20.28%
ESML
USA
93.72%
Other
6.28%
Sectors
TSME
Industrials
24.76%
Information Techn.
16.29%
Consumer Discreti.
13.77%
Financials
8.35%
Health Care
7.12%
Other
29.69%
ESML
Industrials
17.15%
Financials
13.64%
Information Techn.
13.18%
Health Care
12.02%
Consumer Discreti.
11.18%
Other
32.83%
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Diversification
TSME
Total weight of top 15 holdings out of 15
36.99%
ESML
Total weight of top 15 holdings out of 15
7.53%
Top 15 holdings
Data as of March 31, 2026
TSME
BEL FUSE
3.51%
MODINE MNFC CO
3.43%
LIMBACH HOLDINGS INC
2.74%
TURNING POINT BRANDS INC
2.73%
US19247G1076
2.68%
ELEMENT SOLUTIONS INC
2.57%
CECO ENVIRONMENTAL
2.42%
LITTELFUSE
2.35%
CASEYS GENERAL STORES
2.14%
UNIVERSAL TECHNICAL INSTITUT
2.14%
LSI INDUSTRIES
2.14%
ENOVA INTERNATIONAL
2.10%
CELESTICA
2.06%
NEWPARK RSC
2.03%
NVENT ELECTRIC PLC
1.95%
ESML
US80004C2008
1.51%
TECHNIPFMC PLC
0.64%
US FOODS HOLDING CORP
0.57%
OVINTIV INC
0.52%
ASSURANT
0.44%
JANUS HENDERSON GROUP PLC
0.43%
XPO LOGISTICS
0.42%
ROYAL GOLD
0.42%
AKAMAI TECHNOLOGIES
0.39%
ALBEMARLE
0.39%
ATI INC
0.38%
WOODWARD
0.37%
CARPENTER TECHNOLOGY
0.37%
ONE GAS INC
0.36%
FEDERAL REIT
0.34%
Frequently asked questions about TSME and ESML
How have the TSME and ESML ETFs performed in 2026?
As of April 24, 2026, TSME is up 13.07% year-to-date (YTD), while ESML has returned 11.74%. That puts TSME better performer ahead so far this year.
Which ETF is attracting more investor money: TSME or ESML?
Year-to-date, the TSME ETF saw +$27M in flows, compared to +$30M for ESML.
Which ETF is more volatile: TSME or ESML?
Over the past year, TSME had a volatility of 20.6%, while ESML experienced 17.2%.
Which ETF is bigger: TSME or ESML?
As of April 24, 2026, TSME holds $973.33 M in assets under management (AUM), while ESML manages $2.32 B.
What sectors do the TSME and ESML ETFs invest in?
TSME leans toward sectors like Industrials, Information Technology and Consumer Discretionary. Meanwhile, ESML focuses on Industrials, Financials and Information Technology.
What are the top holdings of the TSME ETF and ESML ETF?
TSME top holdings include BEL FUSE, MODINE MNFC CO and LIMBACH HOLDINGS INC. ESML holds in its top three: US80004C2008, TECHNIPFMC PLC and US FOODS HOLDING CORP.
Which ETF is more diversified: TSME or ESML?
TSME holds 56 securities with 36.99% of its assets in the top 15. ESML has 906 securities and a top 15 weight of 7.53%.
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Latest news about TSME & ESML
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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