AFSM vs. SMCP

Last updated Jun 4, 2026

AFSM (First Trust Active Factor Small Cap ETF) and SMCP (AlphaMark Actively Managed Small Cap ETF) are both Small Cap Blend Equities funds. AFSM is actively managed, while SMCP is passively managed. At a 0.28 correlation, their price movements are largely independent. AFSM charges 0.77%/yr vs 0.90%/yr for SMCP.

Performance

AFSM vs. SMCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Active Factor Small Cap ETF (AFSM) and AlphaMark Actively Managed Small Cap ETF (SMCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AFSM

• 1D: -0.99%
• 1M: 3.29%
• YTD: 15.65%
• 6M: 15.19%
• 1Y: 30.17%
• 3Y*: 17.93%
• 5Y*: 8.53%
• 10Y*: —

SMCP

• 1D: -0.30%
• 1M: -25.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFSM vs. SMCP - Yearly Performance Comparison

	2026 (YTD)
AFSM First Trust Active Factor Small Cap ETF	8.38%
SMCP AlphaMark Actively Managed Small Cap ETF	-25.99%

Correlation

The correlation between AFSM and SMCP is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 9, 2026	0.28

AFSM vs. SMCP - Sectors Allocation Comparison

Sectors	AFSM	SMCP
Technology	20.3%	11.1%
Healthcare	17.8%	11.0%
Industrials	16.9%	13.1%
Financial Services	14.9%	98.8%
Consumer Cyclical	8.6%	7.3%
Energy	5.3%	7.6%
Basic Materials	4.9%	7.9%
Consumer Defensive	4.7%	8.1%
Real Estate	3.8%	3.1%
Communication Services	2.3%	4.0%
Utilities	0.3%	3.0%

Return for Risk

AFSM vs. SMCP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFSM

AFSM Risk / Return Rank: 54
AFSM Sharpe Ratio Rank: 49
AFSM Sortino Ratio Rank: 50
AFSM Omega Ratio Rank: 46
AFSM Calmar Ratio Rank: 64
AFSM Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFSM vs. SMCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Small Cap ETF (AFSM) and AlphaMark Actively Managed Small Cap ETF (SMCP). 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.

	AFSM	SMCP	Difference
Sharpe ratio: Return per unit of total volatility	1.70	—	—
Sortino ratio: Return per unit of downside risk	2.46	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	3.17	—	—
Martin ratio: Return relative to average drawdown	10.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AFSM	SMCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	-1.43	+1.88

Drawdowns

AFSM vs. SMCP - Drawdown Comparison

The maximum AFSM drawdown since its inception was -43.54%, which is greater than SMCP's maximum drawdown of -27.86%. Use the drawdown chart below to compare losses from any high point for AFSM and SMCP.

Drawdown Indicators

	AFSM	SMCP	Difference
Max Drawdown Largest peak-to-trough decline	-43.54%	-27.86%	-15.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.27%	—	—
Current Drawdown Current decline from peak	-1.47%	-25.99%	+24.52%
Average Drawdown Average peak-to-trough decline	-9.48%	-5.33%	-4.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	—	—

Volatility

Volatility by Period

	AFSM	SMCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.89%	43.62%	-25.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.82%	43.62%	-22.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.40%	43.62%	-18.22%

AFSM vs. SMCP - Expense Ratio Comparison

AFSM has a 0.77% expense ratio, which is lower than SMCP's 0.90% expense ratio.

Dividends

AFSM vs. SMCP - Dividend Comparison

AFSM's dividend yield for the trailing twelve months is around 0.47%, while SMCP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AFSM First Trust Active Factor Small Cap ETF	0.47%	0.58%	0.58%	0.92%	1.28%	0.35%	0.53%	0.32%
SMCP AlphaMark Actively Managed Small Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AFSM and SMCP in my portfolio?

AFSM and SMCP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AFSM or SMCP?

On fees, AFSM is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AFSM or SMCP?

AFSM is cheaper with a 0.77% expense ratio, compared with 0.90% for SMCP.

Which ETF pays a higher dividend yield, AFSM or SMCP?

AFSM has the higher dividend yield at 0.47%, compared with 0.00% for SMCP.

What is the main difference between AFSM and SMCP?

They also come from different issuers: First Trust and AlphaMark Advisors. Their fees differ too: 0.77% for AFSM and 0.90% for SMCP.