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 39 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% | 17.00B | Jul 2013 | FSML vs SPSM | |
| Vanguard Small-Cap ETF | 0.03% | 188.20B | Jan 2004 | FSML vs VB | |
| iShares Morningstar Small-Cap ETF | 0.04% | 282.21M | Jun 2004 | FSML vs ISCB | |
| Schwab U.S. Small-Cap ETF | 0.04% | 22.23B | Nov 2009 | FSML vs SCHA | |
| Vanguard Russell 2000 ETF | 0.06% | 18.60B | Sep 2010 | FSML vs VTWO |
Best Risk-Adjusted Alternatives to FSML
Among 68 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 | 94 | 1.37B | May 2007 | FSML vs FYX | |
| Hartford Multifactor Small Cap ETF | 92 | 61.48M | Mar 2015 | FSML vs ROSC | |
| Avantis US Small Cap Equity ETF | 91 | 3.05B | Jan 2022 | FSML vs AVSC | |
| Victoryshares Small Cap Free Cash Flow ETF | 91 | 684.65M | Dec 2023 | FSML vs SFLO |
Top Performing FSML Alternatives (YTD)
FSML is at 24.73% YTD. There are 15 ETFs in the Small Cap Blend Equities category with higher YTD returns, going as high as 61.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily Small Cap Bull 3X Shares | 61.66% | 1.35B | Nov 2008 | FSML vs TNA | |
| Allspring SMID Core ETF | 31.35% | 78.82M | Jul 2025 | FSML vs ASCE | |
| Victoryshares Small Cap Free Cash Flow ETF | 31.02% | 684.65M | Dec 2023 | FSML vs SFLO | |
| Inspire Small/Mid Cap Impact ETF | 31.00% | 334.88M | Feb 2017 | FSML vs ISMD | |
| abrdn Focused U.S. Small Cap Active ETF | 30.31% | 9.90M | Jun 2004 | FSML vs AFSC |
Lowest Volatility Alternatives to FSML
FSML has 20.28% 1-year volatility. There are 69 ETFs in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 6.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.50% | — | Jun 2025 | FSML vs RB | |
| iShares MSCI USA Small-Cap Min Vol Factor ETF | 9.70% | 288.96M | Sep 2016 | FSML vs SMMV | |
| Global X Russell 2000 Covered Call ETF | 10.42% | 1.37B | Apr 2019 | FSML vs RYLD | |
| First Trust Horizon Managed Volatility Small/Mid E... | 10.67% | 35.21M | Apr 2020 | FSML vs HSMV | |
| CresAlta Small & Mid-Cap ETF | 11.73% | 88.99M | May 2026 | FSML vs CVSM |
Lowest Drawdown Alternatives to FSML
Among 68 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% | 1.37B | Apr 2019 | FSML vs RYLD | |
| iShares Russell 2000 BuyWrite ETF | -6.94% | 57.60M | Mar 2024 | FSML vs IWMW | |
| Hypatia Women CEO ETF | -6.96% | 5.55M | Jan 2023 | FSML vs WCEO | |
| iShares MSCI USA Small-Cap Min Vol Factor ETF | -7.02% | 288.96M | Sep 2016 | FSML vs SMMV |
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 FESM, OUSM, OSCV. These 12 comparison targets span 8 categories, based on PortfoliosLab usage data.
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