Franklin Small Cap Enhanced ETF (FSML) belongs to the Small Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FSML. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FSML
FSML charges 0.45% annually. There are 33 ETFs in the Small Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 600 Small Cap ETF | 0.03% | 16.36B | Jul 2013 | FSML vs SPSM | |
| Schwab U.S. Small-Cap ETF | 0.04% | 23.58B | Nov 2009 | FSML vs SCHA | |
| iShares Morningstar Small-Cap ETF | 0.04% | 290.06M | Jun 2004 | FSML vs ISCB | |
| Vanguard Small-Cap ETF | 0.05% | 182.70B | Jan 2004 | FSML vs VB | |
| Vanguard Russell 2000 ETF | 0.06% | 17.50B | Sep 2010 | FSML vs VTWO |
Best Risk-Adjusted Alternatives to FSML
Among 60 ETFs in the Small Cap Blend Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Small Cap Core AlphaDEX Fund | 91 | 1.31B | May 2007 | FSML vs FYX | |
| Fidelity Enhanced Small Cap ETF | 90 | 5.29B | Dec 2007 | FSML vs FESM | |
| JPMorgan Fundamental Data Science Small Core ETF | 87 | 9.11M | Aug 2024 | FSML vs SCDS | |
| Hartford Multifactor Small Cap ETF | 86 | 59.51M | Mar 2015 | FSML vs ROSC | |
| Schwab U.S. Small-Cap ETF | 86 | 23.58B | Nov 2009 | FSML vs SCHA |
Top Performing FSML Alternatives (YTD)
FSML is at 23.14% YTD. There are 12 ETFs in the Small Cap Blend Equities category with higher YTD returns, going as high as 62.61%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily Small Cap Bull 3X Shares | 62.61% | 1.44B | Nov 2008 | FSML vs TNA | |
| Allspring SMID Core ETF | 29.82% | 78.82M | Jul 2025 | FSML vs ASCE | |
| JPMorgan Fundamental Data Science Small Core ETF | 27.78% | 9.11M | Aug 2024 | FSML vs SCDS | |
| abrdn Focused U.S. Small Cap Active ETF | 27.72% | 10.83M | Jun 2004 | FSML vs AFSC | |
| Inspire Small/Mid Cap Impact ETF | 27.33% | 328.92M | Feb 2017 | FSML vs ISMD |
Lowest Volatility Alternatives to FSML
FSML has 20.63% 1-year volatility. There are 61 ETFs in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 6.53%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.53% | — | Jun 2025 | FSML vs RB | |
| First Trust Horizon Managed Volatility Small/Mid E... | 10.58% | 33.69M | Apr 2020 | FSML vs HSMV | |
| Global X Russell 2000 Covered Call ETF | 10.64% | 1.36B | Apr 2019 | FSML vs RYLD | |
| OShares U.S. Small-Cap Quality Dividend ETF | 13.09% | 875.00M | Dec 2016 | FSML vs OUSM | |
| Opus Small Cap Value Plus ETF | 13.36% | 685.56M | Jul 2018 | FSML vs OSCV |
Lowest Drawdown Alternatives to FSML
Among 61 ETFs in the Small Cap Blend Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -2.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | -2.09% | — | Jun 2025 | FSML vs RB | |
| Pacer US Small Cap Cash Cows 100 ETF | -6.15% | 3.49B | Jun 2017 | FSML vs CALF | |
| Global X Russell 2000 Covered Call ETF | -6.29% | 1.36B | Apr 2019 | FSML vs RYLD | |
| Hypatia Women CEO ETF | -6.96% | 5.55M | Jan 2023 | FSML vs WCEO | |
| 6 Meridian Small Cap Equity ETF | -7.16% | 106.31M | May 2020 | FSML vs SIXS |
Other ETFs from Franklin Templeton
The 10 most viewed Franklin Templeton ETFs shown here include LVHI, FLIN, FLKR and span 9 categories. AUM among these funds goes as high as $5B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | Volatility Hedged Equity, Dividend | 95 | 12.56% | 4.99B | Jul 2016 | FSML vs LVHI | |
| Franklin FTSE India ETF | Asia Pacific Equities | 5 | -7.84% | 2.55B | Feb 2018 | FSML vs FLIN | |
| Franklin FTSE South Korea ETF | Asia Pacific Equities | 94 | 109.27% | 1.16B | Nov 2017 | FSML vs FLKR | |
| Franklin U.S. Low Volatility High Dividend Index E... | Dividend | 55 | 11.74% | 588.56M | Dec 2015 | FSML vs LVHD | |
| Franklin International Core Dividend Tilt Index ET... | Foreign Large Cap Equities, Dividend | 60 | 11.46% | 2.60B | Jun 2016 | FSML vs DIVI | |
| Putnam BDC Income ETF | Financials Equities | 4 | -11.79% | 272.46M | Sep 2022 | FSML vs PBDC | |
| Franklin FTSE Japan ETF | Japan Equities | 60 | 16.02% | 3.93B | Nov 2017 | FSML vs FLJP | |
| Franklin Responsibly Sourced Gold ETF | Gold, Precious Metals | 21 | -6.86% | 437.03M | Jun 2022 | FSML vs FGDL | |
| Franklin FTSE China ETF | China Equities | 7 | -14.03% | 264.76M | Nov 2017 | FSML vs FLCH | |
| Franklin FTSE Japan Hedged ETF | Japan Equities | 88 | 21.36% | 171.61M | Nov 2017 | FSML vs FLJH |
Often Compared With FSML
Investors most often compare FSML with EZBC, CSB, QQQS. These 6 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin Bitcoin ETF | Cryptocurrency | 2 | -32.39% | 358.90M | Jan 2024 | FSML vs EZBC | |
| VictoryShares US Small Cap High Dividend Volatilit... | Small Cap Blend Equities, Dividend | 60 | 12.79% | 257.49M | Jul 2015 | FSML vs CSB | |
| Invesco NASDAQ Future Gen 200 ETF | Small Cap Blend Equities | 81 | 24.25% | 26.73M | Oct 2022 | FSML vs QQQS | |
| iShares Core S&P Small-Cap ETF | Small Cap Blend Equities | 80 | 22.27% | 109.76B | May 2000 | FSML vs IJR | |
| AdvisorShares Pure US Cannabis ETF | Small Cap Blend Equities, Cannabis | 37 | -2.12% | 991.54M | Sep 2020 | FSML vs MSOS | |
| U.S. Small Cap Equity Active ETF | Small Cap Blend Equities | 84 | 24.15% | — | May 2025 | FSML vs RUSC |
Compare FSML with Any Fund or Stock
Compare FSML with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FSML with funds that move differently
Franklin Small Cap Enhanced ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FSML.
Explore FSML Diversifiers