FDLSvsMGMTETF Comparison
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Inspire Fidelis Multi Factor ETF (FDLS) and Ballast Small/Mid Cap ETF (MGMT) belong to the same industry segment: US Multi-Factor. FDLS's top 3 sector exposures are Information Technology, Financials and Industrials. In contrast, MGMT's top sector exposures are Industrials, Information Technology and Materials. FDLS is less expensive with a Total Expense Ratio (TER) of 0.69%, versus 1.17% for MGMT. FDLS is up 13.89% year-to-date (YTD) with +$44M in YTD flows. MGMT performs worse with 8.12% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of FDLS and MGMT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FDLS vs MGMT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDLS MGMT | +9.54%+5.95% | +6.58%+0.06% | +13.89%+8.12% | +49.93%+30.31% | +78.95%+49.07% | n/a+39.78% |
| Flows | FDLS MGMT | +$8M+$1M | +$35M+$8M | +$44M+$8M | +$74M-$9M | +$88M+$51M | -+$107M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDLS MGMT | +19.48%+17.41% | +16.50%+17.38% | +18.44%+19.02% | n/a+19.88% |
| Max drawdown | FDLS MGMT | -9.10%-12.25% | -9.10%-12.25% | -23.13%-23.93% | n/a-25.20% |
| Max drawdown duration | FDLS MGMT | 46d67d | 46d67d | 219d262d | n/a870d |
Trading data
FDLS | MGMT | |
Last sale 4/27/2026 at 2:37 PM | $40.59 | $48.05 |
| Previous close 04/24/2026 | $40.60 | $48.01 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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MGMT
is actively managed and doesn’t replicate an indexFDLS | MGMT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 2:37 PM
Live
Closed
FDLS | MGMT | |
|---|---|---|
| Last price | $40.59 | $48.05 |
| 1D performance | -0.02% | +0.08% |
| AuM | $188.74 M | $173.67 M |
| E/R | 0.69% | 1.17% |
Characteristics
FDLS | MGMT | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Inspire ETFs | Ballast Asset Management |
| Benchmark | WI Fidelis Multi-Cap, Multi-Factor Index | - |
| N° of holdings | 88 | 45 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 23, 2022 | December 3, 2020 |
| ESG | No | No |
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Exposure
Countries
FDLS
USA
72.45%
Other
27.55%
MGMT
USA
79%
Other
21%
Sectors
FDLS
Information Techn.
19.77%
Financials
14.11%
Industrials
14.06%
Health Care
9.92%
Energy
9.12%
Other
33.03%
MGMT
Industrials
18.01%
Information Techn.
15.88%
Materials
12.32%
Financials
10.52%
Energy
9.74%
Other
33.54%
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Diversification
FDLS
Total weight of top 15 holdings out of 15
16.06%
MGMT
Total weight of top 15 holdings out of 15
39.35%
Top 15 holdings
Data as of March 31, 2026
FDLS
PHOTRONICS
1.15%
ARCBEST CORP
1.10%
TUTOR PERINI
1.08%
IRONWOOD PHARMA
1.08%
MISSION PRODUCE
1.08%
ADTRAN HOLDINGS INC
1.07%
OCCIDENTAL U
1.07%
NEWMONT CORP
1.06%
CIRRUS LOGIC
1.06%
PERDOCEO EDUCATION CORPORATION
1.06%
CONSOLIDATED WATER
1.05%
MOELIS
1.05%
PAR PACIFIC HOLDINGS INC
1.05%
US71424F1057
1.05%
RIGEL PHARMACEUTICALS
1.04%
MGMT
ECOVYST INC
3.14%
AZZ
3.02%
WAYSIDE TECHNOLOGY GROUP
3.00%
ROYAL GOLD
2.94%
SOLARIS OILFIELD INFRASTRUCTURE
2.85%
CAVCO INDUSTRIES
2.63%
CAPITAL BANCORP INC
2.61%
TURNING POINT BRANDS INC
2.53%
MERCHANTS BANCORP
2.50%
KOSMOS ENERGY
2.45%
FEDERAL AGRICULTUR MORTGAGE
2.41%
LANDSTAR SYSTEM
2.35%
THE GEO GROUP
2.34%
BRINK'S
2.33%
CONSOL ENERGY INC
2.27%
Frequently asked questions about FDLS and MGMT
How have the FDLS and MGMT ETFs performed in 2026?
As of April 24, 2026, FDLS is up 13.89% year-to-date (YTD), while MGMT has returned 8.12%. That puts FDLS better performer ahead so far this year.
Which ETF is attracting more investor money: FDLS or MGMT?
Year-to-date, the FDLS ETF saw +$44M in flows, compared to +$8M for MGMT.
Which ETF is more volatile: FDLS or MGMT?
Over the past year, FDLS had a volatility of 16.5%, while MGMT experienced 17.38%.
Which ETF is bigger: FDLS or MGMT?
As of April 24, 2026, FDLS holds $188.74 M in assets under management (AUM), while MGMT manages $173.67 M.
What sectors do the FDLS and MGMT ETFs invest in?
FDLS leans toward sectors like Information Technology, Financials and Industrials. Meanwhile, MGMT focuses on Industrials, Information Technology and Materials.
What are the top holdings of the FDLS ETF and MGMT ETF?
FDLS top holdings include PHOTRONICS, ARCBEST CORP and TUTOR PERINI. MGMT holds in its top three: ECOVYST INC, AZZ and WAYSIDE TECHNOLOGY GROUP.
Which ETF is more diversified: FDLS or MGMT?
FDLS holds 89 securities with 16.06% of its assets in the top 15. MGMT has 45 securities and a top 15 weight of 39.35%.
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