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MMLGvsAGRWETF Comparison

ETF 1
MMLG

First Trust Multi-Manager Large Growth ETF

This fund is part of
US Large Cap Growth
-1.74%
Full MMLG fund page
VS
ETF 2
AGRW

Allspring LT Large Growth ETF

This fund is part of
US Large Cap Growth
-1.74%
Full AGRW fund page

First Trust Multi-Manager Large Growth ETF (MMLG) and Allspring LT Large Growth ETF (AGRW) belong to the same industry segment: US Large Cap Growth. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. MMLG is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.35% for AGRW. MMLG is down -8.37% year-to-date (YTD) with -$2M in YTD flows. AGRW performs better with -4.31% YTD performance, and -$24M in YTD flows. Run a side-by-side ETF comparison of MMLG and AGRW 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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MMLG vs AGRW performance and flow charts

Performance

-3.0-2.0-1.00.0%Feb 11Feb 19Feb 26Mar 5Mar 12

Cumulative Flows

Feb 11Feb 19Feb 26Mar 5Mar 12

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Historic performance and flows
Data as of 03/12/2026
1M3MYTD1Y3Y5Y
Perf.
MMLG
AGRW
-0.62%-0.96%
-8.53%-5.72%
-8.37%-4.31%
+16.12%n/a
+85.00%n/a
+33.50%n/a
Flows
MMLG
AGRW
--
-$2M-$24M
-$2M-$24M
+$5M-
+$13M-
+$80M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
MMLG
AGRW
+19.35%+15.85%
+24.82%n/a
+21.26%n/a
+25.36%n/a
Max drawdown
MMLG
AGRW
-10.56%-7.51%
-17.15%n/a
-26.54%n/a
-45.91%n/a
Max drawdown duration
MMLG
AGRW
74d63d
43dn/a
128dn/a
1055dn/a
Trading data

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MMLG
AGRW
Last sale
3/13/2026 at 1:30 PM
$32.10
$27.96
Previous close
03/12/2026
$32.44
$28.37
Consolidated volume
03/12/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
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Main metrics
Last update 3/13/2026 at 1:30 PM
Live
Closed
MMLG
AGRW
Last price
$32.10
$27.96
1D performance
-1.04%
-1.43%
AuM$81.14 M$100.64 M
E/R0.85%0.35%
Characteristics
MMLG
AGRW
Management strategyActiveActive
ProviderFirst TrustAllspring
Benchmark--
N° of holdings6442
Asset class--
Trailing 12m distribution yield
Join
Join
Inception dateJuly 21, 2020March 26, 2025
ESGNoNo
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Exposure

Countries

MMLG
USA
89.79%
Other
10.21%
AGRW
USA
94.21%
Other
5.79%

Sectors

MMLG
Information Techn.
46.75%
Communication Ser.
14.72%
Consumer Discreti.
13.4%
Other
25.13%
AGRW
Information Techn.
50.82%
Communication Ser.
14.21%
Consumer Discreti.
9.42%
Health Care
9.4%
Other
16.15%
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Diversification

MMLG

Total weight of top 15 holdings out of 15

60.47%
AGRW

Total weight of top 15 holdings out of 15

66.72%

Top 15 holdings

Data as of January 31, 2026
MMLG
NVIDIA
13.15%
ALPHABET INC-CL
5.75%
MICROSOFT-T
5.72%
AMAZON.COM INC
4.70%
BROADCOM LIMITED
4.68%
META PLATFORMS
4.63%
APPLE
3.97%
SHOPIFY SUBORDINATE VOTING
2.88%
CARVANA CO
2.67%
US8740391003
2.21%
NU HOLDINGS
2.06%
APPLOVIN
2.04%
NETFLIX
2.03%
DOORDASH
2.03%
LILLY
1.95%
AGRW
NVIDIA
15.38%
MICROSOFT-T
7.61%
ALPHABET INC-CL
7.31%
AMAZON.COM INC
6.48%
APPLE
6.39%
BROADCOM LIMITED
4.82%
META PLATFORMS
4.70%
VISA INCORPORATION
2.36%
LILLY
2.15%
ARISTA NETWORKS
2.03%
US36828A1016
1.74%
INTUITIVE SURGICAL
1.60%
DATADOG
1.41%
TRANSDIGM GROUP
1.37%
SERVICENOW
1.37%
Frequently asked questions about MMLG and AGRW

How have the MMLG and AGRW ETFs performed in 2026?

As of March 12, 2026, MMLG is down -8.37% year-to-date (YTD), while AGRW has lost -4.31%. That puts AGRW better performer ahead so far this year.

Which ETF is attracting more investor money: MMLG or AGRW?

Year-to-date, the MMLG ETF saw -$2M in flows, compared to -$24M for AGRW.

Which ETF is bigger: MMLG or AGRW?

As of March 12, 2026, MMLG holds $81.14 M in assets under management (AUM), while AGRW manages $100.64 M.

What sectors do the MMLG and AGRW ETFs invest in?

MMLG leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, AGRW focuses on Information Technology, Communication Services and Consumer Discretionary.

What are the top holdings of the MMLG ETF and AGRW ETF?

MMLG top holdings include NVIDIA, ALPHABET INC-CL and MICROSOFT-T. AGRW holds in its top three: NVIDIA, MICROSOFT-T and ALPHABET INC-CL.

Which ETF is more diversified: MMLG or AGRW?

MMLG holds 72 securities with 60.47% of its assets in the top 15. AGRW has 43 securities and a top 15 weight of 66.72%.

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