AFMC vs. SPSM
Compare and contrast key facts about First Trust Active Factor Mid Cap ETF (AFMC) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM).
AFMC and SPSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFMC is an actively managed fund by First Trust. It was launched on Dec 3, 2019. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013.
Performance
AFMC vs. SPSM - Performance Comparison
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AFMC vs. SPSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AFMC First Trust Active Factor Mid Cap ETF | 3.16% | 10.23% | 19.06% | 21.46% | -15.55% | 25.75% | 5.87% | 2.56% |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 4.17% | 6.11% | 8.55% | 16.11% | -16.12% | 26.67% | 11.69% | 3.54% |
Returns By Period
In the year-to-date period, AFMC achieves a 3.16% return, which is significantly lower than SPSM's 4.17% return.
AFMC
- 1D
- 2.65%
- 1M
- -4.78%
- YTD
- 3.16%
- 6M
- 4.11%
- 1Y
- 17.62%
- 3Y*
- 16.36%
- 5Y*
- 8.78%
- 10Y*
- —
SPSM
- 1D
- 0.66%
- 1M
- -4.08%
- YTD
- 4.17%
- 6M
- 5.65%
- 1Y
- 20.97%
- 3Y*
- 10.75%
- 5Y*
- 4.29%
- 10Y*
- 10.12%
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AFMC vs. SPSM - Expense Ratio Comparison
AFMC has a 0.65% expense ratio, which is higher than SPSM's 0.05% expense ratio.
Return for Risk
AFMC vs. SPSM — Risk / Return Rank
AFMC
SPSM
AFMC vs. SPSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Mid Cap ETF (AFMC) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AFMC | SPSM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.93 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.44 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.44 | -0.04 |
Martin ratioReturn relative to average drawdown | 6.07 | 5.80 | +0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AFMC | SPSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.93 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.20 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.42 | +0.05 |
Correlation
The correlation between AFMC and SPSM is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AFMC vs. SPSM - Dividend Comparison
AFMC's dividend yield for the trailing twelve months is around 0.88%, less than SPSM's 1.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFMC First Trust Active Factor Mid Cap ETF | 0.88% | 0.96% | 0.64% | 0.87% | 1.42% | 0.84% | 1.05% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 1.58% | 1.62% | 1.85% | 1.61% | 1.38% | 1.40% | 1.34% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% |
Drawdowns
AFMC vs. SPSM - Drawdown Comparison
The maximum AFMC drawdown since its inception was -42.14%, roughly equal to the maximum SPSM drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for AFMC and SPSM.
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Drawdown Indicators
| AFMC | SPSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.14% | -42.89% | +0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -14.82% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -25.40% | -27.94% | +2.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.89% | — |
Current DrawdownCurrent decline from peak | -5.77% | -5.18% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -8.02% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.68% | -0.63% |
Volatility
AFMC vs. SPSM - Volatility Comparison
First Trust Active Factor Mid Cap ETF (AFMC) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM) have volatilities of 6.01% and 6.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFMC | SPSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 6.26% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.36% | 12.95% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 22.56% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 21.54% | -2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.11% | 22.97% | +0.14% |