MGMTvsIVSSETF Comparison
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Ballast Small/Mid Cap ETF (MGMT) and Applied Finance IVS US SMID ETF (IVSS) belong to the same industry segment: US Multi-Factor. MGMT's top 3 sector exposures are Finance, Non-Energy Materials and Technology. In contrast, IVSS's top sector exposures are Finance, Technology and Healthcare. MGMT is more expensive with a Total Expense Ratio (TER) of 1.15%, versus 0.59% for IVSS. MGMT is up 12.89% year-to-date (YTD) with -$5M in YTD flows. IVSS performs better with 21.72% YTD performance, and +$20M in YTD flows. Run a side-by-side ETF comparison of MGMT and IVSS 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 IVSS 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 IVSS | +3.07%+6.92% | -1.07%+0.63% | +12.89%+21.72% | +18.20%n/a | +57.66%n/a | +37.08%n/a |
| Flows | MGMT IVSS | -$1M+$2M | -$5M+$2M | -$5M+$20M | -$7M- | -$2M- | +$78M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MGMT IVSS | +12.06%+11.75% | +15.06%n/a | +18.67%n/a | +19.50%n/a |
| Max drawdown | MGMT IVSS | -7.47%-8.58% | -12.25%n/a | -23.93%n/a | -25.20%n/a |
| Max drawdown duration | MGMT IVSS | 75d86d | 114dn/a | 262dn/a | 870dn/a |
Trading data
MGMT | IVSS | |
Last sale 11/2/2026 at 2:30 PM | $50.33 | $30.56 |
| Previous close 10/30/2026 | $49.96 | $30.46 |
| 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 | IVSS | |
|---|---|---|
| Last price | $50.33 | $30.56 |
| 1D performance | +0.74% | +0.33% |
| AuM | $167.57 M | $29.90 M |
| E/R | 1.15% | 0.59% |
Characteristics
MGMT | IVSS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Ballast Asset Management | Applied Finance |
| Benchmark | - | - |
| N° of holdings | 53 | 357 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2020 | December 3, 2025 |
| ESG | No | No |
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Exposure
Countries
MGMT
USA
92.84%
Other
7.16%
IVSS
USA
90.29%
Other
9.71%
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%
IVSS
Finance
18.67%
Technology
17.47%
Healthcare
13.7%
Industrials
9.58%
Energy
8.74%
Other
31.84%
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Diversification
MGMT
Total weight of top 15 holdings out of 15
42.58%
IVSS
Total weight of top 15 holdings out of 15
20.77%
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%
IVSS
InterDigital, Inc.
1.81%
Sterling Infrastructure, Inc.
1.76%
Dave, Inc.
1.69%
HealthEquity, Inc.
1.54%
Amneal Pharmaceuticals, Inc.
1.44%
BrightSpring Health Services, Inc.
1.40%
PJT Partners, Inc.
1.40%
Sezzle, Inc.
1.38%
Mercury General Corp.
1.27%
Otter Tail Corp.
1.26%
ACI Worldwide, Inc.
1.20%
Qualys, Inc.
1.19%
Lantheus Holdings, Inc.
1.17%
The Ensign Group, Inc.
1.14%
Nextpower, Inc.
1.12%
Frequently asked questions about MGMT and IVSS
How have the MGMT and IVSS ETFs performed in 2026?
As of October 30, 2026, MGMT is up 12.89% year-to-date (YTD), while IVSS has returned 21.72%. That puts IVSS better performer ahead so far this year.
Which ETF is attracting more investor money: MGMT or IVSS?
Year-to-date, the MGMT ETF saw -$5M in flows, compared to +$20M for IVSS.
Which ETF is bigger: MGMT or IVSS?
As of October 30, 2026, MGMT holds $167.57 M in assets under management (AUM), while IVSS manages $29.90 M.
What sectors do the MGMT and IVSS ETFs invest in?
MGMT leans toward sectors like Finance, Non-Energy Materials and Technology. Meanwhile, IVSS focuses on Finance, Technology and Healthcare.
What are the top holdings of the MGMT ETF and IVSS ETF?
MGMT top holdings include Natural Resource Partners LP, Climb Global Solutions, Inc. and Capital Bancorp, Inc. (Maryland). IVSS holds in its top three: InterDigital, Inc., Sterling Infrastructure, Inc. and Dave, Inc..
Which ETF is more diversified: MGMT or IVSS?
MGMT holds 53 securities with 42.58% of its assets in the top 15. IVSS has 357 securities and a top 15 weight of 20.77%.
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