FGSMvsMGMTETF Comparison
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Frontier Asset Global Small Cap Equity ETF (FGSM) belongs to the DM Small Cap segment. Ballast Small/Mid Cap ETF (MGMT) is part of the US Multi-Factor segment. FGSM's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, MGMT's top sector exposures are Finance, Non-Energy Materials and Technology. FGSM is less expensive with a Total Expense Ratio (TER) of 0.82%, versus 1.15% for MGMT. FGSM is up 16.99% year-to-date (YTD) with -$20M in YTD flows. MGMT performs worse with 13.63% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of FGSM 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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FGSM vs MGMT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FGSM MGMT | -2.04%-2.76% | +4.52%+0.78% | +16.99%+13.63% | +22.04%+13.02% | n/a+48.77% | n/a+41.79% |
| Flows | FGSM MGMT | -$725K- | -$378K-$10M | -$20M-$3M | -$21M-$11M | -+$12M | -+$81M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FGSM MGMT | +12.09%+11.58% | +14.67%+15.73% | n/a+18.78% | n/a+19.57% |
| Max drawdown | FGSM MGMT | -3.34%-4.66% | -9.75%-12.25% | n/a-23.93% | n/a-25.20% |
| Max drawdown duration | FGSM MGMT | 25d26d | 49d114d | n/a262d | n/a870d |
Trading data
FGSM | MGMT | |
Last sale 9/11/2026 at 1:30 PM | $35.25 | $50.37 |
| Previous close 09/10/2026 | $35.00 | $49.99 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
FGSM | MGMT | |
|---|---|---|
| Last price | $35.25 | $50.37 |
| 1D performance | +0.71% | +0.76% |
| AuM | $50.76 M | $171.19 M |
| E/R | 0.82% | 1.15% |
Characteristics
FGSM | MGMT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Frontier Asset Management | Ballast Asset Management |
| Benchmark | - | - |
| N° of holdings | 4019 | 55 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 19, 2024 | December 3, 2020 |
| ESG | No | No |
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Exposure
Countries
FGSM
USA
56.64%
Japan
12.47%
Other
30.89%
MGMT
USA
93.46%
Other
6.54%
Sectors
FGSM
Finance
22.43%
Industrials
15.38%
Non-Energy Materi.
12.52%
Technology
10.4%
Consumer Cyclical.
9.29%
Healthcare
7.68%
Other
22.28%
MGMT
Finance
18.22%
Non-Energy Materi.
17.7%
Technology
15.85%
Energy
12.32%
Industrials
10.03%
Healthcare
9.26%
Other
16.61%
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Diversification
FGSM
Total weight of top 15 holdings out of 15
3.77%
MGMT
Total weight of top 15 holdings out of 15
41.48%
Top 15 holdings
Data as of July 31, 2026
FGSM
BlackRock Cash Funds - Treasury
0.63%
AT & S Austria Technologie & Systemtechnik AG
0.38%
ViaSat, Inc.
0.27%
Archrock, Inc.
0.24%
Matson, Inc.
0.23%
Gates Industrial Corp. Ltd.
0.22%
Brinker International, Inc.
0.22%
Jackson Financial, Inc.
0.21%
StoneX Group, Inc.
0.21%
Alkermes Plc
0.20%
Lion Finance Group Plc
0.20%
Argan, Inc.
0.20%
SM Energy Co.
0.19%
Tidewater, Inc.
0.19%
CNX Resources Corp.
0.19%
MGMT
Natural Resource Partners LP
4.10%
Climb Global Solutions, Inc.
3.61%
Federal Agricultural Mortgage Corp.
3.29%
AZZ, Inc.
3.11%
Capital Bancorp, Inc. (Maryland)
2.92%
Merchants Bancorp (Indiana)
2.86%
Cavco Industries, Inc.
2.65%
Ecovyst, Inc.
2.62%
Kosmos Energy Ltd.
2.53%
The GEO Group, Inc.
2.41%
The Brink's Co.
2.37%
Consensus Cloud Solutions, Inc.
2.34%
Landstar System, Inc.
2.28%
Metallus, Inc.
2.24%
Criteo SA
2.18%
Frequently asked questions about FGSM and MGMT
How have the FGSM and MGMT ETFs performed in 2026?
As of September 10, 2026, FGSM is up 16.99% year-to-date (YTD), while MGMT has returned 13.63%. That puts FGSM better performer ahead so far this year.
Which ETF is attracting more investor money: FGSM or MGMT?
Year-to-date, the FGSM ETF saw -$20M in flows, compared to -$3M for MGMT.
Which ETF is more volatile: FGSM or MGMT?
Over the past year, FGSM had a volatility of 14.67%, while MGMT experienced 15.73%.
Which ETF is bigger: FGSM or MGMT?
As of September 10, 2026, FGSM holds $50.76 M in assets under management (AUM), while MGMT manages $171.19 M.
What sectors do the FGSM and MGMT ETFs invest in?
FGSM leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, MGMT focuses on Finance, Non-Energy Materials and Technology.
What are the top holdings of the FGSM ETF and MGMT ETF?
FGSM top holdings include BlackRock Cash Funds - Treasury, AT & S Austria Technologie & Systemtechnik AG and ViaSat, Inc.. MGMT holds in its top three: Natural Resource Partners LP, Climb Global Solutions, Inc. and Federal Agricultural Mortgage Corp..
Which ETF is more diversified: FGSM or MGMT?
FGSM holds 4045 securities with 3.77% of its assets in the top 15. MGMT has 55 securities and a top 15 weight of 41.48%.
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Latest news about FGSM & MGMT
Frontier Asset Management Unveils a Suite of Actively Managed "Fund-of-Funds" ETFs
December 27, 2024
FGSM
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