FNYvsMMSCETF Comparison
VS
ETF 2
MMSC
First Trust Multi-Manager Small Cap Opportunities ETF
This fund is part of
US Small Cap Growth
+0.74%
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 Healthcare, Industrials and Technology. In contrast, MMSC's top sector exposures are Healthcare, Technology and Industrials. FNY is less expensive with a Total Expense Ratio (TER) of 0.73%, versus 0.95% for MMSC. FNY is up 8.4% year-to-date (YTD) with +$58M in YTD flows. MMSC performs better with 11.85% YTD performance, and +$11M 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
FNY vs MMSC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNY MMSC | -8.40%-8.45% | -7.11%-4.32% | +8.40%+11.85% | +9.62%+17.57% | +58.89%+69.84% | +33.03%n/a |
| Flows | FNY MMSC | +$5M+$3M | +$27M+$3M | +$58M+$11M | +$77M+$19M | +$120M+$33M | +$3M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNY MMSC | +18.61%+20.12% | +21.21%+24.01% | +21.07%+23.01% | +22.51%n/a |
| Max drawdown | FNY MMSC | -11.05%-9.83% | -12.05%-14.05% | -24.97%-29.67% | -33.90%n/a |
| Max drawdown duration | FNY MMSC | 78d78d | 84d84d | 275d280d | 1045dn/a |
Trading data
FNY | MMSC | |
Last sale 9/17/2026 at 1:30 PM | $99.67 | $27.04 |
| Previous close 09/17/2026 | $98.79 | $26.75 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
MMSC
is actively managed and doesn’t replicate an indexFNY | MMSC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/17/2026 at 1:30 PM
Live
Closed
FNY | MMSC | |
|---|---|---|
| Last price | $99.67 | $27.04 |
| 1D performance | +0.89% | +1.10% |
| AuM | $558.08 M | $52.19 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 | 224 | 200 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 19, 2011 | October 14, 2021 |
| ESG | No | No |
Advertisement
Exposure
Countries
FNY
USA
98.66%
Other
1.34%
MMSC
USA
89.5%
Other
10.5%
Sectors
FNY
Healthcare
22.7%
Industrials
19.51%
Technology
17.34%
Finance
16.74%
Other
23.71%
MMSC
Healthcare
26.46%
Technology
22.84%
Industrials
17.17%
Finance
10.91%
Other
22.62%
Advertisement
Diversification
FNY
Total weight of top 15 holdings out of 15
12.39%
MMSC
Total weight of top 15 holdings out of 15
18.2%
Top 15 holdings
Data as of July 31, 2026
FNY
Zeta Global Holdings Corp.
0.88%
H&R Block, Inc.
0.87%
Guardant Health, Inc.
0.87%
Corcept Therapeutics, Inc.
0.87%
Tutor Perini Corp.
0.85%
Halozyme Therapeutics, Inc.
0.84%
Etsy, Inc.
0.84%
Glaukos Corp.
0.82%
Frontdoor, Inc.
0.82%
Amneal Pharmaceuticals, Inc.
0.81%
Victoria's Secret & Co.
0.81%
PACS Group, Inc.
0.80%
Coca-Cola Consolidated, Inc.
0.77%
Enova International, Inc.
0.77%
Madison Square Garden Sports Corp.
0.77%
MMSC
Twist Bioscience Corp.
1.86%
Travere Therapeutics, Inc.
1.49%
Xometry, Inc.
1.44%
JFrog Ltd.
1.35%
Guardant Health, Inc.
1.28%
Zeta Global Holdings Corp.
1.23%
VSE Corp.
1.20%
Spyre Therapeutics, Inc.
1.19%
FirstCash Holdings, Inc.
1.18%
Praxis Precision Medicines, Inc.
1.10%
Protagonist Therapeutics, Inc.
1.02%
Karman Holdings, Inc.
0.98%
Halozyme Therapeutics, Inc.
0.96%
nLIGHT, Inc.
0.96%
Ligand Pharmaceuticals, Inc.
0.96%
Frequently asked questions about FNY and MMSC
How have the FNY and MMSC ETFs performed in 2026?
As of September 16, 2026, FNY is up 8.4% year-to-date (YTD), while MMSC has returned 11.85%. 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 +$58M in flows, compared to +$11M for MMSC.
Which ETF is more volatile: FNY or MMSC?
Over the past year, FNY had a volatility of 21.21%, while MMSC experienced 24.01%.
Which ETF is bigger: FNY or MMSC?
As of September 16, 2026, FNY holds $558.08 M in assets under management (AUM), while MMSC manages $52.19 M.
What sectors do the FNY and MMSC ETFs invest in?
FNY leans toward sectors like Healthcare, Industrials and Technology. Meanwhile, MMSC focuses on Healthcare, Technology and Industrials.
What are the top holdings of the FNY ETF and MMSC ETF?
FNY top holdings include Zeta Global Holdings Corp., H&R Block, Inc. and Guardant Health, Inc.. MMSC holds in its top three: Twist Bioscience Corp., Travere Therapeutics, Inc. and Xometry, Inc..
Which ETF is more diversified: FNY or MMSC?
FNY holds 224 securities with 12.39% of its assets in the top 15. MMSC has 200 securities and a top 15 weight of 18.2%.
Advertisement
Advertisement
