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MGMTvsFNDAETF Comparison

ETF 1

MGMT

Ballast Small/Mid Cap ETF

This fund is part of

US Multi-Factor

+0%

Full MGMT fund page

VS

ETF 2

FNDA

Schwab Fundamental U.S. Small Company Index ETF

This fund is part of

US Small Cap

+0.12%

Full FNDA fund page

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 Industrials, Information Technology and Materials. In contrast, FNDA's top sector exposures are Industrials, Financials and Information Technology. MGMT is more expensive with a Total Expense Ratio (TER) of 1.17%, versus 0.25% for FNDA. MGMT is up 8.12% year-to-date (YTD) with +$8M in YTD flows. FNDA performs better with 12.98% YTD performance, and +$74M 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

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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 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MGMT FNDA	+5.95%+11.62%	+0.06%+5.94%	+8.12%+12.98%	+30.31%+36.90%	+49.07%+57.05%	+39.78%+45.08%
Flows	MGMT FNDA	+$1M+$17M	+$8M+$42M	+$8M+$74M	-$9M-$341M	+$51M+$856M	+$107M+$3.04B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MGMT FNDA	+17.41%+18.83%	+17.38%+17.72%	+19.02%+19.76%	+19.88%+20.97%
Max drawdown	MGMT FNDA	-12.25%-9.44%	-12.25%-9.44%	-23.93%-25.89%	-25.20%-25.89%
Max drawdown duration	MGMT FNDA	67d66d	67d66d	262d379d	870d379d

Trading data

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	MGMT	FNDA
Last sale 4/28/2026 at 1:30 PM	$47.77	$35.36
Previous close 04/27/2026	$48.08	$35.56
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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MGMT

is actively managed and doesn’t replicate an index

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	MGMT	FNDA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/28/2026 at 1:30 PM

Live

Closed

	MGMT	FNDA
Last price	$47.77	$35.36
1D performance	-0.65%	-0.56%
AuM	$173.67 M	$10.20 B
E/R	1.17%	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	45	850
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 3, 2020	August 15, 2013
ESG	No	No

More MGMT data on Trackinsight

More FNDA data on Trackinsight

Exposure

Countries

MGMT

USA

79%

Other

21%

FNDA

USA

95.1%

Other

4.9%

Sectors

MGMT

Industrials

18.01%

Information Techn.

15.88%

Materials

12.32%

Financials

10.52%

Energy

9.74%

Other

33.54%

FNDA

Industrials

17.47%

Financials

14.68%

Information Techn.

12.66%

Consumer Discreti.

11.9%

Real Estate

7.84%

Other

35.46%

Diversification

MGMT

Total weight of top 15 holdings out of 15

39.35%

FNDA

Total weight of top 15 holdings out of 15

6.11%

Top 15 holdings

Data as of March 31, 2026

MGMT

ECOVYST INC

3.14%

AZZ

3.02%

WAYSIDE TECHNOLOGY GROUP

3.00%

ROYAL GOLD

2.94%

SOLARIS OILFIELD INFRASTRUCTURE

2.85%

CAVCO INDUSTRIES

2.63%

CAPITAL BANCORP INC

2.61%

TURNING POINT BRANDS INC

2.53%

MERCHANTS BANCORP

2.50%

KOSMOS ENERGY

2.45%

FEDERAL AGRICULTUR MORTGAGE

2.41%

LANDSTAR SYSTEM

2.35%

THE GEO GROUP

2.34%

BRINK'S

2.33%

CONSOL ENERGY INC

2.27%

FNDA

LUMENTUM HOLDINGS

0.83%

COMPASS

0.43%

ECHOSTAR

0.41%

US19247G1076

0.40%

MKS INSTRUMENTS

0.40%

CRESCENT ENERGY COMPANY

0.38%

TRONOX HOLDINGS PLC

0.38%

PAR PACIFIC HOLDINGS INC

0.38%

VIASAT

0.38%

LIBERTY OILFIELD SERVICES

0.37%

DELEK US HOLDINGS

0.37%

AMKOR TECHNOLOGY

0.36%

TEREX

0.35%

COMFORT SYSTEMS USA

0.34%

COMMSCOPE HOLDING

0.32%

Frequently asked questions about MGMT and FNDA

How have the MGMT and FNDA ETFs performed in 2026?

As of April 24, 2026, MGMT is up 8.12% year-to-date (YTD), while FNDA has returned 12.98%. 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 +$8M in flows, compared to +$74M for FNDA.

Which ETF is more volatile: MGMT or FNDA?

Over the past year, MGMT had a volatility of 17.38%, while FNDA experienced 17.72%.

Which ETF is bigger: MGMT or FNDA?

As of April 24, 2026, MGMT holds $173.67 M in assets under management (AUM), while FNDA manages $10.20 B.

What sectors do the MGMT and FNDA ETFs invest in?

MGMT leans toward sectors like Industrials, Information Technology and Materials. Meanwhile, FNDA focuses on Industrials, Financials and Information Technology.

MGMTvsFNDAETF Comparison

Ballast Small/Mid Cap ETF

Schwab Fundamental U.S. Small Company Index ETF

MGMT vs FNDA 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 MGMT and FNDA ETFs performed in 2026?

As of April 24, 2026, MGMT is up 8.12% year-to-date (YTD), while FNDA has returned 12.98%. 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 +$8M in flows, compared to +$74M for FNDA.

Which ETF is more volatile: MGMT or FNDA?

Over the past year, MGMT had a volatility of 17.38%, while FNDA experienced 17.72%.

Which ETF is bigger: MGMT or FNDA?

As of April 24, 2026, MGMT holds $173.67 M in assets under management (AUM), while FNDA manages $10.20 B.

What sectors do the MGMT and FNDA ETFs invest in?

MGMT leans toward sectors like Industrials, Information Technology and Materials. Meanwhile, FNDA focuses on Industrials, Financials and Information Technology.

What are the top holdings of the MGMT ETF and FNDA ETF?

MGMT top holdings include ECOVYST INC, AZZ and WAYSIDE TECHNOLOGY GROUP. FNDA holds in its top three: LUMENTUM HOLDINGS, COMPASS and ECHOSTAR.

Which ETF is more diversified: MGMT or FNDA?

MGMT holds 45 securities with 39.35% of its assets in the top 15. FNDA has 930 securities and a top 15 weight of 6.11%.

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