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, Technology and Industrials. MGMT is more expensive with a Total Expense Ratio (TER) of 1.15%, versus 0.25% for FNDA. MGMT is up 12.89% year-to-date (YTD) with -$5M in YTD flows. FNDA performs better with 15.11% YTD performance, and -$1.32B 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 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MGMT FNDA | +3.07%+2.83% | -1.07%-2.85% | +12.89%+15.11% | +18.20%+19.22% | +57.66%+65.32% | +37.08%+37.85% |
| Flows | MGMT FNDA | -$1M+$54M | -$5M+$79M | -$5M-$1.32B | -$7M-$1.33B | -$2M-$923M | +$78M+$1.39B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MGMT FNDA | +12.06%+12.18% | +15.06%+15.78% | +18.67%+19.22% | +19.50%+20.53% |
| Max drawdown | MGMT FNDA | -7.47%-8.80% | -12.25%-9.44% | -23.93%-25.89% | -25.20%-25.89% |
| Max drawdown duration | MGMT FNDA | 75d75d | 114d66d | 262d379d | 870d379d |
Trading data
MGMT | FNDA | |
Last sale 11/2/2026 at 2:30 PM | $50.33 | $36.36 |
| Previous close 10/30/2026 | $49.96 | $35.98 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 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 11/2/2026 at 2:30 PM
Live
Closed
MGMT | FNDA | |
|---|---|---|
| Last price | $50.33 | $36.36 |
| 1D performance | +0.74% | +1.06% |
| AuM | $167.57 M | $8.91 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 | 53 | 907 |
| 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
92.84%
Other
7.16%
FNDA
USA
97.62%
Other
2.38%
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%
FNDA
Finance
26.78%
Technology
14.02%
Industrials
13.34%
Healthcare
8.2%
Non-Energy Materi.
7.04%
Other
30.63%
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Diversification
MGMT
Total weight of top 15 holdings out of 15
42.58%
FNDA
Total weight of top 15 holdings out of 15
5.09%
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%
FNDA
Twilio, Inc.
0.43%
Abercrombie & Fitch Co.
0.40%
Victoria's Secret & Co.
0.37%
Crescent Energy Co.
0.35%
Compass, Inc. (New York)
0.35%
GameStop Corp.
0.34%
FactSet Research Systems, Inc.
0.33%
Royalty Pharma Plc
0.32%
Lumentum Holdings, Inc.
0.32%
Entegris, Inc.
0.32%
Veeva Systems, Inc.
0.32%
Match Group, Inc.
0.31%
Par Pacific Holdings, Inc.
0.31%
Applied Industrial Technologies, Inc.
0.31%
Acadia Healthcare Co., Inc.
0.30%
Frequently asked questions about MGMT and FNDA
How have the MGMT and FNDA ETFs performed in 2026?
As of October 30, 2026, MGMT is up 12.89% year-to-date (YTD), while FNDA has returned 15.11%. 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 -$5M in flows, compared to -$1.32B for FNDA.
Which ETF is more volatile: MGMT or FNDA?
Over the past year, MGMT had a volatility of 15.06%, while FNDA experienced 15.78%.
Which ETF is bigger: MGMT or FNDA?
As of October 30, 2026, MGMT holds $167.57 M in assets under management (AUM), while FNDA manages $8.91 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, Technology and Industrials.
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 Capital Bancorp, Inc. (Maryland). FNDA holds in its top three: Twilio, Inc., Abercrombie & Fitch Co. and Victoria's Secret & Co..
Which ETF is more diversified: MGMT or FNDA?
MGMT holds 53 securities with 42.58% of its assets in the top 15. FNDA has 908 securities and a top 15 weight of 5.09%.
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