Which returned more over the last year, FPX or TMSL?

In the year to Oct 28, 2026, with distributions reinvested, FPX returned +2.9% and TMSL +17.6%.

Which is cheaper, FPX or TMSL?

TMSL is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FPX and TMSL overlap with the S&P 500?

By their latest filed holdings, 51% of FPX and 15% of TMSL by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

FPX vs TMSL: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, FPX returned +2.9% to TMSL's +17.6%; 5% of their weight is in the same names.

askIQ about this page

askIQ about FPX and TMSL

Net assets on Oct 27, 2026: $1.4bn for First Trust US Equity Opportunities ETF and $3.2bn for T. Rowe Price Small-Mid Cap ETF.

FPX on its own →TMSL on its own →

At a glance

+2.9%

FPX total return, 1 year

+17.6%

TMSL total return, 1 year

0.57%

FPX expense ratio

0.55%

TMSL expense ratio

Pair scorecard

TMSL costs 0.02 points a year less; their one-year returns differ by 14.7 points; TMSL is 2.3 times larger.

FPX vs TMSL: Differences, Returns & Fees
Measure	FPX	TMSL
Return
Measure	FPX	TMSL
Total return, 1 year	+2.9%	+17.6%
Drawdown
Measure	FPX	TMSL
Below its high	15.9%, high on Jun 30, 2026	6.9%, high on Aug 14, 2026
Benchmark
Measure	FPX	TMSL
What it tracks	IPOX -100 U.S. Index	No index, actively managed
Cost and size
Measure	FPX	TMSL
Expense ratio	0.57%	0.55%
Net assets, as of Oct 27, 2026	$1.4bn	$3.2bn
Holdings
Measure	FPX	TMSL
Holdings in common	5%
Top ten holdings, share of the fund	46.4%	9.8%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, FPX and TMSL hold 5% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

5% in common

Positions both hold · largest shared weight first FPX TMSL

BrightSpring Health Services, Inc. 1.19% 0.80%

Corpay, Inc. 2.09% 0.72%

Revolution Medicines, Inc. 1.19% 0.52%

Viper Energy, Inc. (Class A) 0.48% 0.43%

MKS, Inc. 0.33% 1.13%

Roivant Sciences Ltd. 1.51% 0.32%

Voya Financial, Inc. 0.25% 0.71%

Reddit, Inc. (Class A) 0.90% 0.25%

BridgeBio Pharma, Inc. 0.62% 0.20%

CG Oncology, Inc. 0.64% 0.20%

Jazz Pharmaceuticals Plc 0.92% 0.17%

Arxis, Inc. (Class A) 0.63% 0.16%

Only in one fund ↓

Only in FPX

Space Exploration Technologies Corp. (Class A) 9.24%

Eli Lilly and Company 8.28%

GE Vernova Inc. 7.36%

Sandisk Corporation 5.46%

Seagate Technology Holdings Plc 4.17%

HF Sinclair Corp. 3.25%

Lumentum Holdings Inc. 2.67%

Twilio Inc. (Class A) 2.01%

Only in TMSL

POPULAR INC 1.18%

MIDDLEBY CORP 1.06%

NVENT ELECTRIC PLC 1.00%

TELEDYNE TECHNOLOGIES INC 0.98%

GUARDANT HEALTH INC 0.93%

TENET HEALTHCARE CORP 0.89%

EAST WEST BANCORP INC 0.88%

RAMBUS INC 0.88%

Check overlap with more funds →

Side by side

FPX First Trust US Equity Opportunities ETF TMSL T. Rowe Price Small-Mid Cap ETF

Where it sits Stock ETF Stock ETF

Issuer First Trust T. Rowe Price

What it is Tracks an index Actively managed

Total return, 1 year +2.9% +17.6%

Its benchmark over the same days +13.7% (IVV) +13.3% (IWV)

Gap to its benchmark −10.8 pts vs IVV +4.3 pts vs IWV

Expense ratio 0.57% 0.55%

Already in the S&P 500 50.6% 14.9%

Holdings 99 297

Net assets, as of Oct 27, 2026 $1.4bn $3.2bn

FPX and TMSL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

FPX

FPX tracks an index. Over the year to Oct 28, 2026 it returned +2.9% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.57% a year. By its holdings published by its issuer for Oct 27, 2026, 51% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 46.4%. It sat 15.9% below its high of Jun 30, 2026 on Oct 28, 2026.

TMSL

Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.

TMSL is actively managed and tracks no index. The prospectus expense ratio is 0.55% a year. By its holdings filed for Jun 30, 2026, 15% of the fund by weight is stocks the S&P 500 also holds, across 297 positions, with the top ten at 9.8%. It sat 6.9% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FPX or TMSL?: In the year to Oct 28, 2026, with distributions reinvested, FPX returned +2.9% and TMSL +17.6%.
Which is cheaper, FPX or TMSL?: TMSL is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FPX and TMSL overlap with the S&P 500?: By their latest filed holdings, 51% of FPX and 15% of TMSL by weight is stocks the S&P 500 already holds.

Other comparisons

FPX vs JMEE CGMM vs FPX FPX vs MDYG FPX vs IVOO RSP vs TMSL FTC vs TMSL MLRG vs TMSL FLQM vs TMSL

Where to next

FPX on its own →TMSL on its own →Hold both: look the portfolio through →Rankings →FPX dividend history →FPX holdings →TMSL dividend history →TMSL holdings →Standards and sources →

Sources and dates

FPX filings on SEC EDGAR ↗

FPX prospectus with the expense ratio (SEC) ↗

First Trust page for FPX ↗

TMSL filings on SEC EDGAR ↗

TMSL prospectus with the expense ratio (SEC) ↗

T. Rowe Price website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FPX against TMSL, data as of Oct 28, 2026. https://etfiq.com/compare/any/fpx-vs-tmsl

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.