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 15.23% year-to-date (YTD) with -$23M in YTD flows. MGMT performs worse with 11.28% YTD performance, and -$5M 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 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FGSM MGMT | +0.07%+0.88% | -0.40%-2.76% | +15.23%+11.28% | +16.81%+12.96% | n/a+56.43% | n/a+38.74% |
| Flows | FGSM MGMT | +$348K-$1M | -$3M-$5M | -$23M-$5M | -$23M-$7M | --$2M | -+$78M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FGSM MGMT | +10.98%+11.48% | +14.20%+15.06% | n/a+18.65% | n/a+19.50% |
| Max drawdown | FGSM MGMT | -6.23%-7.47% | -9.75%-12.25% | n/a-23.93% | n/a-25.20% |
| Max drawdown duration | FGSM MGMT | 72d72d | 49d114d | n/a262d | n/a870d |
Trading data
FGSM | MGMT | |
Last sale 10/28/2026 at 1:30 PM | $34.42 | $49.39 |
| Previous close 10/27/2026 | $34.42 | $49.24 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
FGSM | MGMT | |
|---|---|---|
| Last price | $34.42 | $49.39 |
| 1D performance | +0.00% | +0.30% |
| AuM | $47.17 M | $165.19 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 | 1 | 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
49.73%
Japan
12.82%
Other
37.45%
MGMT
USA
93.72%
Other
6.28%
Sectors
FGSM
Finance
20.53%
Industrials
13.91%
Non-Energy Materi.
12.59%
Technology
9.74%
Consumer Cyclical.
8.92%
Energy
7.5%
Other
26.81%
MGMT
Finance
18.48%
Non-Energy Materi.
16.45%
Technology
15.84%
Energy
13.71%
Industrials
9.86%
Healthcare
8.38%
Other
17.29%
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Diversification
FGSM
Total weight of top 6 holdings out of 6
99.96%
MGMT
Total weight of top 15 holdings out of 15
41.16%
Top 15 holdings
Data as of August 31, 2026
FGSM
US0250728021
28.37%
US4642878049
21.64%
US46434V2907
18.40%
US46434V2667
14.17%
US0250728773
11.35%
US64135A8045
6.03%
MGMT
Natural Resource Partners LP
4.69%
Climb Global Solutions, Inc.
3.83%
Federal Agricultural Mortgage Corp.
3.16%
AZZ, Inc.
2.93%
Capital Bancorp, Inc. (Maryland)
2.81%
Merchants Bancorp (Indiana)
2.72%
Cavco Industries, Inc.
2.69%
Kosmos Energy Ltd.
2.67%
Consensus Cloud Solutions, Inc.
2.44%
Landstar System, Inc.
2.34%
The GEO Group, Inc.
2.23%
Ecovyst, Inc.
2.20%
Metallus, Inc.
2.17%
The Brink's Co.
2.17%
Genpact Ltd.
2.10%
Frequently asked questions about FGSM and MGMT
How have the FGSM and MGMT ETFs performed in 2026?
As of October 27, 2026, FGSM is up 15.23% year-to-date (YTD), while MGMT has returned 11.28%. 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 -$23M in flows, compared to -$5M for MGMT.
Which ETF is more volatile: FGSM or MGMT?
Over the past year, FGSM had a volatility of 14.2%, while MGMT experienced 15.06%.
Which ETF is bigger: FGSM or MGMT?
As of October 27, 2026, FGSM holds $47.17 M in assets under management (AUM), while MGMT manages $165.19 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 US0250728021, US4642878049 and US46434V2907. 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 4050 securities with 99.96% of its assets in the top 15. MGMT has 55 securities and a top 15 weight of 41.16%.
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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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