Data as of Nov 4, 2026.
FV vs TMSL: Differences, Returns & Fees
Over the year to Nov 4, 2026, FV returned +20.0% to TMSL's +22.6%; 0% of their weight is in the same names.
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Net assets on Nov 3, 2026: $3.8bn for First Trust Dorsey Wright Focus 5 ETF and $3.2bn for T. Rowe Price Small-Mid Cap ETF.
Pair scorecard
TMSL costs 0.34 points a year less; their one-year returns differ by 2.6 points; FV is 1.2 times larger.
| Measure | FV | TMSL |
|---|---|---|
| Return | ||
| Total return, 1 year | +20.0% | +22.6% |
| Drawdown | ||
| Below its high | 4.1%, high on Oct 28, 2026 | 5.2%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | Dorsey Wright Focus Five Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.89% | 0.55% |
| Net assets, as of Nov 3, 2026 | $3.8bn | $3.2bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 99.9% | 9.8% |
What they share
By the books each fund has filed, FV and TMSL hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
FV and TMSL on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
FV
FV tracks an index. Over the year to Nov 4, 2026 it returned +20.0% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.89% a year. By its holdings published by its issuer for Nov 3, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 5 positions, with the top ten at 99.9%. It sat 4.1% below its high of Oct 28, 2026 on Nov 4, 2026.
Over the year to Nov 4, 2026 it returned +22.6% with distributions reinvested, against +22.4% for its benchmark, the Russell 2500 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 5.2% below its high of Aug 14, 2026 on Nov 4, 2026.
Questions people ask
- Which returned more over the last year, FV or TMSL?
- In the year to Nov 4, 2026, with distributions reinvested, FV returned +20.0% and TMSL +22.6%.
- Which is cheaper, FV or TMSL?
- TMSL is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, FV against TMSL, data as of Nov 4, 2026. https://etfiq.com/compare/any/fv-vs-tmsl
ETFIQ. (Nov 4, 2026). FV against TMSL. Retrieved from https://etfiq.com/compare/any/fv-vs-tmsl
[FV against TMSL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/fv-vs-tmsl)
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