MGMTvsFESCETF Comparison
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Ballast Small/Mid Cap ETF (MGMT) belongs to the US Multi-Factor segment. First Eagle Small Cap Equity ETF (FESC) is part of the US Small Cap segment. MGMT's top 3 sector exposures are Finance, Non-Energy Materials and Technology. In contrast, FESC's top sector exposures are Industrials, Healthcare and Finance. MGMT is more expensive with a Total Expense Ratio (TER) of 1.15%, versus 0.85% for FESC. Run a side-by-side ETF comparison of MGMT and FESC 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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MGMT vs FESC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MGMT FESC | +3.07%+2.30% | -1.07%-1.37% | +12.89%n/a | +18.20%n/a | +57.66%n/a | +37.08%n/a |
| Flows | MGMT FESC | -$1M+$2M | -$5M+$3M | -$5M- | -$7M- | -$2M- | +$78M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MGMT FESC | +12.06%+14.65% | +15.06%n/a | +18.67%n/a | +19.50%n/a |
| Max drawdown | MGMT FESC | -7.47%-9.73% | -12.25%n/a | -23.93%n/a | -25.20%n/a |
| Max drawdown duration | MGMT FESC | 75d75d | 114dn/a | 262dn/a | 870dn/a |
Trading data
MGMT | FESC | |
Last sale 11/2/2026 at 2:30 PM | $50.33 | $23.11 |
| Previous close 10/30/2026 | $49.96 | $23.09 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
MGMT | FESC | |
|---|---|---|
| Last price | $50.33 | $23.11 |
| 1D performance | +0.74% | +0.06% |
| AuM | $167.57 M | $5.08 M |
| E/R | 1.15% | 0.85% |
Characteristics
MGMT | FESC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Ballast Asset Management | First Eagle Investments |
| Benchmark | - | - |
| N° of holdings | 53 | 180 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2020 | July 1, 2026 |
| ESG | No | No |
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Exposure
Countries
MGMT
USA
92.84%
Other
7.16%
FESC
USA
92.87%
Other
7.13%
Sectors
MGMT
Finance
17.96%
Non-Energy Materi.
16.32%
Technology
16.25%
Energy
14.02%
Industrials
9.31%
Healthcare
8.74%
Other
17.4%
FESC
Industrials
16.13%
Healthcare
15.4%
Finance
14.34%
Technology
13.57%
Non-Energy Materi.
13.46%
Energy
9.74%
Other
17.37%
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Diversification
MGMT
Total weight of top 15 holdings out of 15
42.58%
FESC
Total weight of top 15 holdings out of 15
14.59%
Top 15 holdings
Data as of September 30, 2026
MGMT
Natural Resource Partners LP
4.75%
Climb Global Solutions, Inc.
4.52%
Capital Bancorp, Inc. (Maryland)
3.21%
Federal Agricultural Mortgage Corp.
3.13%
AZZ, Inc.
3.02%
Cavco Industries, Inc.
2.83%
Merchants Bancorp (Indiana)
2.65%
Kosmos Energy Ltd.
2.49%
Paysign, Inc.
2.36%
Consensus Cloud Solutions, Inc.
2.34%
Landstar System, Inc.
2.30%
Bruker Corp.
2.27%
The GEO Group, Inc.
2.24%
Ecovyst, Inc.
2.23%
Solaris Energy Infrastructure, Inc.
2.23%
FESC
CareDx, Inc.
1.16%
Dorian LPG Ltd.
1.15%
Ameris Bancorp
1.03%
The Pennant Group, Inc.
1.00%
Maravai Lifesciences Holdings, Inc.
0.99%
Quaker Houghton
0.98%
Hinge Health, Inc.
0.97%
Old National Bancorp
0.94%
The Manitowoc Co., Inc.
0.94%
Navigator Holdings Ltd.
0.93%
Brookdale Senior Living, Inc.
0.93%
Advanced Energy Industries, Inc.
0.90%
Dorman Products, Inc.
0.90%
Remitly Global, Inc.
0.90%
Murphy Oil Corp.
0.88%
Frequently asked questions about MGMT and FESC
Which ETF is bigger: MGMT or FESC?
As of October 30, 2026, MGMT holds $167.57 M in assets under management (AUM), while FESC manages $5.08 M.
What sectors do the MGMT and FESC ETFs invest in?
MGMT leans toward sectors like Finance, Non-Energy Materials and Technology. Meanwhile, FESC focuses on Industrials, Healthcare and Finance.
What are the top holdings of the MGMT ETF and FESC ETF?
MGMT top holdings include Natural Resource Partners LP, Climb Global Solutions, Inc. and Capital Bancorp, Inc. (Maryland). FESC holds in its top three: CareDx, Inc., Dorian LPG Ltd. and Ameris Bancorp.
Which ETF is more diversified: MGMT or FESC?
MGMT holds 53 securities with 42.58% of its assets in the top 15. FESC has 180 securities and a top 15 weight of 14.59%.
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