MGMTvsFNDAETF Comparison
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Ballast Small/Mid Cap ETF (MGMT) belongs to the US Multi-Factor segment. Schwab Fundamental U.S. Small Company Index ETF (FNDA) is part of the US Small Cap segment. MGMT's top 3 sector exposures are Finance, Non-Energy Materials and Technology. In contrast, FNDA's top sector exposures are Finance, Industrials and Technology. MGMT is more expensive with a Total Expense Ratio (TER) of 1.15%, versus 0.25% for FNDA. MGMT is up 11.94% year-to-date (YTD) with -$3M in YTD flows. FNDA performs better with 14.47% YTD performance, and -$1.13B in YTD flows. Run a side-by-side ETF comparison of MGMT and FNDA 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 FNDA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MGMT FNDA | -4.93%-6.25% | +0.40%-1.11% | +11.94%+14.47% | +13.16%+15.81% | +46.00%+50.68% | +41.43%+46.31% |
| Flows | MGMT FNDA | -+$281M | -$6M+$235M | -$3M-$1.13B | -$10M-$1.16B | +$6M-$793M | +$81M+$1.55B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MGMT FNDA | +11.54%+12.39% | +15.72%+16.38% | +18.77%+19.43% | +19.56%+20.63% |
| Max drawdown | MGMT FNDA | -5.37%-6.93% | -12.25%-9.44% | -23.93%-25.89% | -25.20%-25.89% |
| Max drawdown duration | MGMT FNDA | 32d32d | 114d66d | 262d379d | 870d379d |
Trading data
MGMT | FNDA | |
Last sale 9/18/2026 at 1:30 PM | $49.34 | $35.79 |
| Previous close 09/17/2026 | $49.60 | $35.93 |
| 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
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MGMT
is actively managed and doesn’t replicate an indexMGMT | FNDA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
MGMT | FNDA | |
|---|---|---|
| Last price | $49.34 | $35.79 |
| 1D performance | -0.53% | -0.39% |
| AuM | $168.64 M | $9.09 B |
| E/R | 1.15% | 0.25% |
Characteristics
MGMT | FNDA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Ballast Asset Management | Schwab ETFs |
| Benchmark | - | RAFI Fundamental High Liquidity US Small Index |
| N° of holdings | 55 | 910 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2020 | August 15, 2013 |
| ESG | No | No |
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Exposure
Countries
MGMT
USA
93.46%
Other
6.54%
FNDA
USA
97.96%
Other
2.04%
Sectors
MGMT
Finance
18.22%
Non-Energy Materi.
17.7%
Technology
15.85%
Energy
12.32%
Industrials
10.03%
Healthcare
9.26%
Other
16.61%
FNDA
Finance
26.51%
Industrials
14.11%
Technology
12.96%
Healthcare
7.78%
Non-Energy Materi.
7.49%
Consumer Cyclical.
7.29%
Other
23.85%
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Diversification
MGMT
Total weight of top 15 holdings out of 15
41.48%
FNDA
Total weight of top 15 holdings out of 15
5.33%
Top 15 holdings
Data as of July 31, 2026
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%
FNDA
Compass, Inc. (New York)
0.48%
Victoria's Secret & Co.
0.46%
Lumentum Holdings, Inc.
0.43%
MKS, Inc.
0.40%
Amkor Technology, Inc.
0.35%
Par Pacific Holdings, Inc.
0.34%
Terex Corp.
0.34%
Delek US Holdings, Inc.
0.34%
Acadia Healthcare Co., Inc.
0.34%
ViaSat, Inc.
0.33%
ArcBest Corp.
0.31%
Applied Industrial Technologies, Inc.
0.31%
Royalty Pharma Plc
0.31%
Woodward, Inc.
0.30%
Coherent Corp.
0.30%
Frequently asked questions about MGMT and FNDA
How have the MGMT and FNDA ETFs performed in 2026?
As of September 17, 2026, MGMT is up 11.94% year-to-date (YTD), while FNDA has returned 14.47%. That puts FNDA better performer ahead so far this year.
Which ETF is attracting more investor money: MGMT or FNDA?
Year-to-date, the MGMT ETF saw -$3M in flows, compared to -$1.13B for FNDA.
Which ETF is more volatile: MGMT or FNDA?
Over the past year, MGMT had a volatility of 15.72%, while FNDA experienced 16.38%.
Which ETF is bigger: MGMT or FNDA?
As of September 17, 2026, MGMT holds $168.64 M in assets under management (AUM), while FNDA manages $9.09 B.
What sectors do the MGMT and FNDA ETFs invest in?
MGMT leans toward sectors like Finance, Non-Energy Materials and Technology. Meanwhile, FNDA focuses on Finance, Industrials and Technology.
What are the top holdings of the MGMT ETF and FNDA ETF?
MGMT top holdings include Natural Resource Partners LP, Climb Global Solutions, Inc. and Federal Agricultural Mortgage Corp.. FNDA holds in its top three: Compass, Inc. (New York), Victoria's Secret & Co. and Lumentum Holdings, Inc..
Which ETF is more diversified: MGMT or FNDA?
MGMT holds 55 securities with 41.48% of its assets in the top 15. FNDA has 911 securities and a top 15 weight of 5.33%.
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