- Issuer
- Franklin Templeton
- Inception Date
- Dec 9, 2025
- Region
- North America (United States)
- Category
- Small Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $118M
Share Price Chart
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Performance
FSML Performance Chart
Franklin Small Cap Enhanced ETF (FSML) is up 14.9% since the beginning of the year. FSML is currently trading at $28 per share.
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Returns By Period
Franklin Small Cap Enhanced ETF
- 1D
- -3.10%
- 1M
- -0.56%
- YTD
- 14.90%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 24.32%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
FSML Monthly Returns History
Based on dividend-adjusted daily data since Dec 11, 2025, FSML's average daily return is +0.09%, while the average monthly return is +1.61%. At this rate, an investment would double in approximately 3.6 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2026 with a return of +13.4%, while the worst month was Mar 2026 at -5.3%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 1 months.
On a daily basis, FSML closed higher 48% of trading days. The best single day was Feb 6, 2026 with a return of +3.9%, while the worst single day was Jun 5, 2026 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.29% | 0.62% | -5.32% | 13.38% | 2.82% | -1.74% | 14.90% | ||||||
| 2025 | -3.75% | -3.75% |
Benchmark Metrics
Franklin Small Cap Enhanced ETF has an annualized alpha of 3.98%, beta of 1.28, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since December 12, 2025.
- This ETF captured 138.22% of S&P 500 Index gains and 108.01% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 3.98% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.98%
- Beta
- 1.28
- R²
- 0.71
- Upside Capture
- 138.22%
- Downside Capture
- 108.01%
Expense Ratio
FSML has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Small Cap Enhanced ETF (FSML) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
Franklin Small Cap Enhanced ETF provided a 0.16% dividend yield over the last twelve months, with an annual payout of $0.04 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.04 | $0.02 |
Dividend yield | 0.16% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Small Cap Enhanced ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Small Cap Enhanced ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Small Cap Enhanced ETF was 10.83%, occurring on Mar 30, 2026. Recovery took 10 trading sessions.
The current Franklin Small Cap Enhanced ETF drawdown is 3.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -10.83%Mar 2026 | 1mo 18d | 15d | 2mo 3dFeb 2026 - Apr 2026 |
2026 pullback2026 | -4.95%May 2026 | 12d | 7d | 19dMay 2026 - May 2026 |
2026 pullback2026 | -4.19%Feb 2026 | 13d | 4d | 17dJan 2026 - Feb 2026 |
2025 pullback2025 | -3.75%Dec 2025 | 19d | 6d | 25dDec 2025 - Jan 2026 |
2026 pullback2026 | -3.10%Jun 2026 | 0s | — | 1d 20hJun 2026 - now |
Drawdown Indicators
| FSML | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.83% | -56.78% | +45.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.10% | -2.97% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -10.72% | +8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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