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 36 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% | 16.85B | Jul 2013 | FSML vs SPSM | |
| iShares Morningstar Small-Cap ETF | 0.04% | 282.90M | Jun 2004 | FSML vs ISCB | |
| Schwab U.S. Small-Cap ETF | 0.04% | 23.26B | Nov 2009 | FSML vs SCHA | |
| Vanguard Small-Cap ETF | 0.05% | 182.70B | Jan 2004 | FSML vs VB | |
| iShares Core S&P Small-Cap ETF | 0.06% | 109.39B | May 2000 | FSML vs IJR |
Best Risk-Adjusted Alternatives to FSML
Among 65 ETFs in the Small Cap Blend Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 96 | — | Jun 2025 | FSML vs RB | |
| First Trust Small Cap Core AlphaDEX Fund | 93 | 1.36B | May 2007 | FSML vs FYX | |
| Fidelity Enhanced Small Cap Core ETF | 90 | 5.78B | Dec 2007 | FSML vs FESM | |
| Hartford Multifactor Small Cap ETF | 89 | 61.26M | Mar 2015 | FSML vs ROSC | |
| Avantis US Small Cap Equity ETF | 88 | 2.96B | Jan 2022 | FSML vs AVSC |
Top Performing FSML Alternatives (YTD)
FSML is at 22.83% YTD. There are 17 ETFs in the Small Cap Blend Equities category with higher YTD returns, going as high as 56.69%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily Small Cap Bull 3X Shares | 56.69% | 1.43B | Nov 2008 | FSML vs TNA | |
| Inspire Small/Mid Cap Impact ETF | 30.34% | 329.18M | Feb 2017 | FSML vs ISMD | |
| First Trust Small Cap Core AlphaDEX Fund | 27.49% | 1.36B | May 2007 | FSML vs FYX | |
| Allspring SMID Core ETF | 26.73% | 78.82M | Jul 2025 | FSML vs ASCE | |
| JPMorgan Fundamental Data Science Small Core ETF | 26.70% | 9.08M | Aug 2024 | FSML vs SCDS |
Lowest Volatility Alternatives to FSML
FSML has 20.41% 1-year volatility. There are 66 ETFs in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 6.57%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.57% | — | Jun 2025 | FSML vs RB | |
| First Trust Horizon Managed Volatility Small/Mid E... | 10.53% | 34.63M | Apr 2020 | FSML vs HSMV | |
| Global X Russell 2000 Covered Call ETF | 10.66% | 1.36B | Apr 2019 | FSML vs RYLD | |
| CresAlta Small & Mid-Cap ETF | 10.91% | 88.99M | May 2026 | FSML vs CVSM | |
| OShares U.S. Small-Cap Quality Dividend ETF | 13.05% | 873.92M | Dec 2016 | FSML vs OUSM |
Lowest Drawdown Alternatives to FSML
Among 65 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 | |
| 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 | |
| VictoryShares US Small Cap High Dividend Volatilit... | -7.18% | 264.62M | Jul 2015 | FSML vs CSB |
Other ETFs from Franklin Templeton
The 10 most viewed Franklin Templeton ETFs shown here include LVHI, FLIN, FLKR and span 11 categories. AUM among these funds goes as high as $5B.
Often Compared With FSML
Investors most often compare FSML with OSCV, EZBC, MSOS. These 8 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Opus Small Cap Value Plus ETF | Small Cap Blend Equities | 51 | 13.91% | 685.56M | Jul 2018 | FSML vs OSCV | |
| Franklin Bitcoin ETF | Cryptocurrency | 2 | -26.62% | 331.89M | Jan 2024 | FSML vs EZBC | |
| AdvisorShares Pure US Cannabis ETF | Small Cap Blend Equities, Cannabis | 32 | -7.63% | 915.20M | Sep 2020 | FSML vs MSOS | |
| Vanguard Russell 2000 ETF | Small Cap Blend Equities | 73 | 20.72% | 17.50B | Sep 2010 | FSML vs VTWO | |
| abrdn Focused U.S. Small Cap Active ETF | Small Cap Blend Equities | 72 | 24.93% | 10.03M | Jun 2004 | FSML vs AFSC | |
| Pacer US Small Cap Cash Cows ETF | Small Cap Value Equities | 86 | 20.04% | 3.55B | Jun 2017 | FSML vs CALF | |
| Invesco NASDAQ Future Gen 200 ETF | Small Cap Blend Equities | 83 | 26.17% | 21.99M | Oct 2022 | FSML vs QQQS | |
| U.S. Small Cap Equity Active ETF | Small Cap Blend Equities | 83 | 22.59% | — | 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