FSML vs. FLIN
FSML (Franklin Small Cap Enhanced ETF) and FLIN (Franklin FTSE India ETF) are both exchange-traded funds - FSML is a Small Cap Blend Equities fund actively managed by Franklin Templeton, while FLIN is a India Equities fund tracking the FTSE India RIC Capped Index. FSML is actively managed, while FLIN is passively managed. Their 0.56 correlation means they have sometimes moved together and sometimes differently. FSML charges 0.45%/yr vs 0.19%/yr for FLIN.
Performance
FSML vs. FLIN - Performance Comparison
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Returns By Period
In the year-to-date period, FSML achieves a 24.73% return, which is significantly higher than FLIN's -6.50% return.
FSML
- 1D
- -0.58%
- 1M
- 0.95%
- 6M
- 17.92%
- YTD
- 24.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FLIN
- 1D
- -0.47%
- 1M
- 0.45%
- 6M
- -5.40%
- YTD
- -6.50%
- 1Y
- -3.68%
- 3Y*
- 5.79%
- 5Y*
- 4.52%
- 10Y*
- —
- ALL TIME*
- 5.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.62M | $26.21M | $28.08M | |
| $110.20K | $77.53K | $1.26M |
FSML vs. FLIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FSML Franklin Small Cap Enhanced ETF | 24.73% | -3.75% |
FLIN Franklin FTSE India ETF | -6.50% | 1.06% |
Correlation
The correlation between FSML and FLIN is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.56 |
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Return for Risk
FSML vs. FLIN — Risk / Return Rank
FSML
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLIN
FSML vs. FLIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Small Cap Enhanced ETF (FSML) and Franklin FTSE India ETF (FLIN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSML | FLIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.97 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.20 | — |
| Martin ratioReturn relative to average drawdown | — | -0.45 | — |
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Drawdowns
FSML vs. FLIN - Drawdown Comparison
The maximum FSML drawdown since its inception was -10.83%, smaller than the maximum FLIN drawdown of -41.90%. Use the drawdown chart below to compare losses from any high point for FSML and FLIN.
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Drawdown Indicators
| FSML | FLIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.83% | -41.90% | +31.07% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.25% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.85% | — |
Current DrawdownCurrent decline from peak | -0.98% | -13.92% | +12.94% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -8.17% | +5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.22% | — |
Volatility
FSML vs. FLIN - Volatility Comparison
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Volatility by Period
| FSML | FLIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 15.40% | +4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.28% | 15.82% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 20.34% | -0.06% |
FSML vs. FLIN - Expense Ratio Comparison
FSML has a 0.45% expense ratio, which is higher than FLIN's 0.19% expense ratio.
Dividends
FSML vs. FLIN - Dividend Comparison
FSML's dividend yield for the trailing twelve months is around 0.39%, less than FLIN's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | 0.42% | 0.56% | 1.58% | 0.73% | 0.73% | 2.26% | 0.68% | 0.90% | 0.92% |
FSML Franklin Small Cap Enhanced ETF | 0.39% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSML and FLIN have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLIN is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLIN is cheaper with a 0.19% expense ratio, compared with 0.45% for FSML.
FLIN has the higher dividend yield at 0.42%, compared with 0.39% for FSML.
FSML is categorized as Small Cap Blend Equities, while FLIN is India Equities. Their fees differ too: 0.45% for FSML and 0.19% for FLIN.
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