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FNYvsMMSCETF Comparison

ETF 1

FNY

First Trust Mid Cap Growth AlphaDEX Fund ETF

This fund is part of

US Mid Cap Growth

+1.37%

Full FNY fund page

VS

ETF 2

MMSC

First Trust Multi-Manager Small Cap Opportunities ETF

This fund is part of

US Small Cap Growth

+2.1%

Full MMSC fund page

First Trust Mid Cap Growth AlphaDEX Fund ETF (FNY) belongs to the US Mid Cap Growth segment. First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) is part of the US Small Cap Growth segment. FNY's top 3 sector exposures are Industrials, Information Technology and Health Care. In contrast, MMSC's top sector exposures are Information Technology, Industrials and Health Care. FNY is less expensive with a Total Expense Ratio (TER) of 0.73%, versus 0.95% for MMSC. FNY is up 16.19% year-to-date (YTD) with +$31M in YTD flows. MMSC performs better with 16.96% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of FNY and MMSC 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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FNY vs MMSC performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FNY MMSC	+6.41%+5.26%	+14.75%+15.96%	+16.19%+16.96%	+33.02%+41.28%	+70.36%+77.63%	+47.50%n/a
Flows	FNY MMSC	+$6M-	+$21M+$1M	+$31M+$8M	+$80M+$15M	+$116M+$31M	-$5M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FNY MMSC	+24.57%+28.04%	+20.52%+23.29%	+20.81%+22.69%	+22.47%n/a
Max drawdown	FNY MMSC	-6.01%-7.47%	-12.05%-14.05%	-24.97%-29.67%	-33.90%n/a
Max drawdown duration	FNY MMSC	19d13d	84d84d	275d280d	1045dn/a

Trading data

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	FNY	MMSC
Last sale 6/18/2026 at 1:30 PM	$107.94	$28.66
Previous close 06/18/2026	$105.93	$27.97
Consolidated volume 06/18/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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MMSC

is actively managed and doesn’t replicate an index

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	FNY	MMSC
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/18/2026 at 1:30 PM

Live

Closed

	FNY	MMSC
Last price	$107.94	$28.66
1D performance	+1.90%	+2.47%
AuM	$571.70 M	$51.78 M
E/R	0.73%	0.95%

Characteristics

	FNY	MMSC
Management strategy	Passive	Active
Provider	First Trust	First Trust
Benchmark	NASDAQ AlphaDEX Mid Cap Growth Index	-
N° of holdings	206	170
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	April 19, 2011	October 14, 2021
ESG	No	No

More FNY data on Trackinsight

More MMSC data on Trackinsight

Exposure

Countries

FNY

USA

98.49%

Other

1.51%

MMSC

USA

86.77%

Other

13.23%

Sectors

FNY

Industrials

23.72%

Information Techn.

16.78%

Health Care

15.85%

Consumer Discreti.

11.95%

Financials

7.56%

Other

24.14%

MMSC

Information Techn.

20.54%

Industrials

19.24%

Health Care

17.86%

Consumer Discreti.

8.3%

Other

34.06%

Diversification

FNY

Total weight of top 15 holdings out of 15

14.23%

MMSC

Total weight of top 15 holdings out of 15

19.21%

Top 15 holdings

Data as of April 30, 2026

FNY

SANMINA CORP

1.14%

VICOR

1.10%

VIAVI SOLUTIONS INC

1.10%

TTM TECHNOLOGIES

1.08%

POWELL INDUSTRIES

1.01%

TERAWULF INC

0.98%

VIASAT

0.94%

IES HOLDINGS

0.91%

PLANET LABS PBC

0.87%

STERLING INFRASTRUCTURE INC

0.87%

SITIME CORP

0.86%

DYCOM INDUSTRIES

0.85%

ARGAN

0.85%

US3004261034

0.84%

PRIMORIS SERVICES

0.83%

MMSC

BLOOM ENERGY CORP

2.46%

NLIGHT INC

1.56%

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC

1.55%

FABRINET

1.44%

FIRSTCASH HOLDINGS INC

1.33%

PLANET LABS PBC

1.26%

CREDO TECHNOLOGY GROUP HOLDING

1.24%

LUMENTUM HOLDINGS

1.14%

VSE

1.11%

POWELL INDUSTRIES

1.10%

EZCORP CL A NV

1.03%

US74006W2070

1.01%

SOLARIS OILFIELD INFRASTRUCTURE

1.01%

TRAVERE THERAPEUTICS INC

0.99%

ENCORE CAPITAL GROUP

0.98%

Frequently asked questions about FNY and MMSC

How have the FNY and MMSC ETFs performed in 2026?

As of June 17, 2026, FNY is up 16.19% year-to-date (YTD), while MMSC has returned 16.96%. That puts MMSC better performer ahead so far this year.

Which ETF is attracting more investor money: FNY or MMSC?

Year-to-date, the FNY ETF saw +$31M in flows, compared to +$8M for MMSC.

Which ETF is more volatile: FNY or MMSC?

Over the past year, FNY had a volatility of 20.52%, while MMSC experienced 23.29%.

Which ETF is bigger: FNY or MMSC?

As of June 17, 2026, FNY holds $571.70 M in assets under management (AUM), while MMSC manages $51.78 M.

What sectors do the FNY and MMSC ETFs invest in?

FNY leans toward sectors like Industrials, Information Technology and Health Care. Meanwhile, MMSC focuses on Information Technology, Industrials and Health Care.

What are the top holdings of the FNY ETF and MMSC ETF?

FNY top holdings include SANMINA CORP, VICOR and VIAVI SOLUTIONS INC. MMSC holds in its top three: BLOOM ENERGY CORP, NLIGHT INC and MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC.

FNYvsMMSCETF Comparison

First Trust Mid Cap Growth AlphaDEX Fund ETF

First Trust Multi-Manager Small Cap Opportunities ETF

FNY vs MMSC performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FNY and MMSC ETFs performed in 2026?

As of June 17, 2026, FNY is up 16.19% year-to-date (YTD), while MMSC has returned 16.96%. That puts MMSC better performer ahead so far this year.

Which ETF is attracting more investor money: FNY or MMSC?

Year-to-date, the FNY ETF saw +$31M in flows, compared to +$8M for MMSC.

Which ETF is more volatile: FNY or MMSC?

Over the past year, FNY had a volatility of 20.52%, while MMSC experienced 23.29%.

Which ETF is bigger: FNY or MMSC?

As of June 17, 2026, FNY holds $571.70 M in assets under management (AUM), while MMSC manages $51.78 M.

What sectors do the FNY and MMSC ETFs invest in?

FNY leans toward sectors like Industrials, Information Technology and Health Care. Meanwhile, MMSC focuses on Information Technology, Industrials and Health Care.

What are the top holdings of the FNY ETF and MMSC ETF?

FNY top holdings include SANMINA CORP, VICOR and VIAVI SOLUTIONS INC. MMSC holds in its top three: BLOOM ENERGY CORP, NLIGHT INC and MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC.

Which ETF is more diversified: FNY or MMSC?

FNY holds 225 securities with 14.23% of its assets in the top 15. MMSC has 204 securities and a top 15 weight of 19.21%.

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