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MMSCvsASCEETF Comparison

ETF 1

MMSC

First Trust Multi-Manager Small Cap Opportunities ETF

This fund is part of

US Small Cap Growth

-0.22%

Full MMSC fund page

VS

ETF 2

ASCE

Allspring SMID Core ETF

This fund is part of

US Multi-Factor

+0%

Full ASCE fund page

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) belongs to the US Small Cap Growth segment. Allspring SMID Core ETF (ASCE) is part of the US Multi-Factor segment. MMSC's top 3 sector exposures are Health Care, Information Technology and Industrials. In contrast, ASCE's top sector exposures are Information Technology, Financials and Industrials. MMSC is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.38% for ASCE. MMSC is up 11.74% year-to-date (YTD) with +$6M in YTD flows. ASCE performs better with 16.43% YTD performance, and +$19M in YTD flows. Run a side-by-side ETF comparison of MMSC and ASCE 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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MMSC vs ASCE 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.	MMSC ASCE	+11.13%+12.31%	+3.64%+9.45%	+11.74%+16.43%	+46.79%n/a	+76.70%n/a	n/an/a
Flows	MMSC ASCE	+$54K+$3M	+$5M+$14M	+$6M+$19M	+$12M-	+$30M-	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MMSC ASCE	+27.46%+21.96%	+21.81%n/a	+22.11%n/a	n/an/a
Max drawdown	MMSC ASCE	-12.79%-8.49%	-14.05%n/a	-29.67%n/a	n/an/a
Max drawdown duration	MMSC ASCE	76d41d	84dn/a	280dn/a	n/an/a

Trading data

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	MMSC	ASCE
Last sale 4/28/2026 at 1:30 PM	$26.03	$30.70
Previous close 04/27/2026	$26.64	$31.00
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

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

Live

Closed

	MMSC	ASCE
Last price	$26.03	$30.70
1D performance	-2.32%	-0.97%
AuM	$48.13 M	$64.26 M
E/R	0.95%	0.38%

Characteristics

	MMSC	ASCE
Management strategy	Active	Active
Provider	First Trust	Allspring
Benchmark	-	-
N° of holdings	176	45
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	October 14, 2021	July 8, 2025
ESG	No	No

More MMSC data on Trackinsight

More ASCE data on Trackinsight

Exposure

Countries

MMSC

USA

84.36%

Other

15.64%

ASCE

USA

82.98%

Other

17.02%

Sectors

MMSC

Health Care

18.88%

Information Techn.

18.71%

Industrials

18.37%

Consumer Discreti.

8.97%

Other

35.07%

ASCE

Information Techn.

17.52%

Financials

14.08%

Industrials

13.55%

Health Care

11.96%

Consumer Discreti.

8.88%

Materials

7.67%

Other

26.34%

Diversification

MMSC

Total weight of top 15 holdings out of 15

17.39%

ASCE

Total weight of top 15 holdings out of 15

38.89%

Top 15 holdings

Data as of March 31, 2026

MMSC

FABRINET

1.50%

VSE

1.39%

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC

1.39%

FIRSTCASH HOLDINGS INC

1.29%

NLIGHT INC

1.27%

BLOOM ENERGY CORP

1.26%

PLANET LABS PBC

1.17%

US74006W2070

1.11%

EZCORP CL A NV

1.07%

LUMENTUM HOLDINGS

1.03%

TECHNIPFMC PLC

1.03%

ENCORE CAPITAL GROUP

1.02%

RBC BEARINGS

1.00%

US4859241048

0.93%

POWELL INDUSTRIES

0.93%

ASCE

TEEKAY

2.95%

EMCOR GROUP

2.90%

DIGITALOCEAN HOLDINGS

2.87%

UTD THERAPEUT

2.82%

CARPENTER TECHNOLOGY

2.79%

STONEX GROUP INC

2.76%

FABRINET

2.72%

BLUE BIRD CORP

2.62%

CENTURY ALUMINUM

2.58%

POWELL INDUSTRIES

2.55%

EXELIXIS

2.44%

COEUR MINING INC

2.30%

VIRTU FINANCIL/D

2.28%

BRIGHTSPHERE INVESTMENT GROUP

2.16%

US23204G1004

2.15%

Frequently asked questions about MMSC and ASCE

How have the MMSC and ASCE ETFs performed in 2026?

As of April 24, 2026, MMSC is up 11.74% year-to-date (YTD), while ASCE has returned 16.43%. That puts ASCE better performer ahead so far this year.

Which ETF is attracting more investor money: MMSC or ASCE?

Year-to-date, the MMSC ETF saw +$6M in flows, compared to +$19M for ASCE.

Which ETF is bigger: MMSC or ASCE?

As of April 24, 2026, MMSC holds $48.13 M in assets under management (AUM), while ASCE manages $64.26 M.

What sectors do the MMSC and ASCE ETFs invest in?

MMSC leans toward sectors like Health Care, Information Technology and Industrials. Meanwhile, ASCE focuses on Information Technology, Financials and Industrials.

What are the top holdings of the MMSC ETF and ASCE ETF?

MMSC top holdings include FABRINET, VSE and MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC. ASCE holds in its top three: TEEKAY, EMCOR GROUP and DIGITALOCEAN HOLDINGS.

MMSCvsASCEETF Comparison

First Trust Multi-Manager Small Cap Opportunities ETF

Allspring SMID Core ETF

MMSC vs ASCE 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 MMSC and ASCE ETFs performed in 2026?

As of April 24, 2026, MMSC is up 11.74% year-to-date (YTD), while ASCE has returned 16.43%. That puts ASCE better performer ahead so far this year.

Which ETF is attracting more investor money: MMSC or ASCE?

Year-to-date, the MMSC ETF saw +$6M in flows, compared to +$19M for ASCE.

Which ETF is bigger: MMSC or ASCE?

As of April 24, 2026, MMSC holds $48.13 M in assets under management (AUM), while ASCE manages $64.26 M.

What sectors do the MMSC and ASCE ETFs invest in?

MMSC leans toward sectors like Health Care, Information Technology and Industrials. Meanwhile, ASCE focuses on Information Technology, Financials and Industrials.

What are the top holdings of the MMSC ETF and ASCE ETF?

MMSC top holdings include FABRINET, VSE and MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC. ASCE holds in its top three: TEEKAY, EMCOR GROUP and DIGITALOCEAN HOLDINGS.

Which ETF is more diversified: MMSC or ASCE?

MMSC holds 209 securities with 17.39% of its assets in the top 15. ASCE has 45 securities and a top 15 weight of 38.89%.

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