MMLGvsSCHGETF Comparison
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First Trust Multi-Manager Large Growth ETF (MMLG) and Schwab U.S. Large-Cap Growth ETF (SCHG) 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 0.04% for SCHG. MMLG is up 0.22% year-to-date (YTD) with -$2M in YTD flows. SCHG performs better with 1.31% YTD performance, and +$1.06B in YTD flows. Run a side-by-side ETF comparison of MMLG and SCHG 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 SCHG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMLG SCHG | +12.47%+17.05% | +0.82%+1.50% | +0.22%+1.31% | +27.68%+31.26% | +87.48%+103.82% | +36.69%+92.07% |
| Flows | MMLG SCHG | -+$9M | -+$586M | -$2M+$1.06B | +$10M+$5.55B | +$14M+$16.58B | +$69M+$19.83B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMLG SCHG | +23.74%+19.93% | +18.59%+16.26% | +21.54%+19.73% | +25.47%+22.58% |
| Max drawdown | MMLG SCHG | -15.07%-13.56% | -19.91%-16.35% | -26.54%-23.41% | -45.91%-34.60% |
| Max drawdown duration | MMLG SCHG | 84d79d | 177d180d | 128d193d | 1055d754d |
Trading data
MMLG | SCHG | |
Last sale 4/27/2026 at 7:59 PM | $35.56 | $32.69 |
| Previous close 04/27/2026 | $35.47 | $33.01 |
| 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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MMLG
is actively managed and doesn’t replicate an indexMMLG | SCHG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 7:59 PM
Live
Closed
MMLG | SCHG | |
|---|---|---|
| Last price | $35.56 | $32.69 |
| 1D performance | +0.25% | -0.97% |
| AuM | $88.74 M | $54.65 B |
| E/R | 0.85% | 0.04% |
Characteristics
MMLG | SCHG | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | Schwab ETFs |
| Benchmark | - | Dow Jones U.S. Large-Cap Growth Total Stock Market Index |
| N° of holdings | 67 | 168 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 21, 2020 | December 11, 2009 |
| ESG | No | No |
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Exposure
Countries
MMLG
USA
89.21%
Other
10.79%
SCHG
USA
98.1%
Other
1.9%
Sectors
MMLG
Information Techn.
44.99%
Communication Ser.
16.4%
Consumer Discreti.
12.58%
Other
26.03%
SCHG
Information Techn.
48.37%
Communication Ser.
14.92%
Consumer Discreti.
12.16%
Health Care
8.57%
Other
15.99%
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Diversification
MMLG
Total weight of top 15 holdings out of 15
60.16%
SCHG
Total weight of top 15 holdings out of 15
67.36%
Top 15 holdings
Data as of March 31, 2026
MMLG
NVIDIA
12.70%
ALPHABET INC-CL
5.78%
MICROSOFT-T
5.30%
AMAZON.COM INC
4.89%
BROADCOM LIMITED
4.51%
META PLATFORMS
4.41%
APPLE
4.24%
SHOPIFY SUBORDINATE VOTING
2.83%
US8740391003
2.79%
NETFLIX
2.76%
SPOTIFY TECHNOLOGY SA
2.48%
CARVANA CO
1.93%
LILLY
1.89%
VISA INCORPORATION
1.83%
CARPENTER TECHNOLOGY
1.82%
SCHG
NVIDIA
11.87%
APPLE
10.58%
MICROSOFT-T
7.73%
AMAZON.COM INC
5.77%
ALPHABET INC-CL
4.66%
BROADCOM LIMITED
4.18%
TESLA
3.92%
ALPHABET INC-CL
3.74%
META PLATFORMS
3.51%
LILLY
2.87%
VISA INCORPORATION
2.11%
COSTCO WHOLESALE
1.74%
MASTERCARD
1.67%
NETFLIX
1.62%
PALANTIR TECHNOLOGIES
1.39%
Frequently asked questions about MMLG and SCHG
How have the MMLG and SCHG ETFs performed in 2026?
As of April 24, 2026, MMLG is up 0.22% year-to-date (YTD), while SCHG has returned 1.31%. That puts SCHG better performer ahead so far this year.
Which ETF is attracting more investor money: MMLG or SCHG?
Year-to-date, the MMLG ETF saw -$2M in flows, compared to +$1.06B for SCHG.
Which ETF is more volatile: MMLG or SCHG?
Over the past year, MMLG had a volatility of 18.59%, while SCHG experienced 16.26%.
Which ETF is bigger: MMLG or SCHG?
As of April 24, 2026, MMLG holds $88.74 M in assets under management (AUM), while SCHG manages $54.65 B.
What sectors do the MMLG and SCHG ETFs invest in?
MMLG leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, SCHG focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the MMLG ETF and SCHG ETF?
MMLG top holdings include NVIDIA, ALPHABET INC-CL and MICROSOFT-T. SCHG holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: MMLG or SCHG?
MMLG holds 74 securities with 60.16% of its assets in the top 15. SCHG has 187 securities and a top 15 weight of 67.36%.
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