FSML vs SPY
Franklin Small Cap Enhanced ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FSML | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $153M | $821.1B | |
| Dividend Yield | 0.40% | 1.01% | |
| Holdings | 306 | 505 | |
| YTD Return | +23.20% | +12.93% | |
| 1Y Return | - | +20.62% | |
| 3Y Return (annualized) | - | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -10.8% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 9, 2025 | Jan 22, 1993 |
FSML vs SPY Performance
Franklin Small Cap Enhanced ETF (FSML) is a ETF from Franklin Templeton Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, FSML is up 23.20% versus a gain of 12.93% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -10.8% for FSML and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FSML charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, FSML currently yields 0.40% against 1.01% for SPY.
Holdings Overlap
FSML and SPY share 0 holdings out of 806 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FSML or SPY?
FSML has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
What is the holdings overlap between FSML and SPY?
FSML and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 806 unique securities.
Which pays a higher dividend, FSML or SPY?
FSML yields 0.40% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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