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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%

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 Information Technology, Industrials and Health Care. 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 19.86% year-to-date (YTD) with +$8M in YTD flows. ASCE performs better with 29.16% YTD performance, and +$48M 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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Data Services

Historic performance and flows

Data as of 06/19/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MMSC ASCE	+8.73%+11.76%	+19.13%+27.10%	+19.86%+29.16%	+45.09%n/a	+82.03%n/a	n/an/a
Flows	MMSC ASCE	-+$22M	+$1M+$35M	+$8M+$48M	+$15M-	+$31M-	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MMSC ASCE	+28.17%+22.01%	+23.40%n/a	+22.71%n/a	n/an/a
Max drawdown	MMSC ASCE	-7.47%-4.85%	-14.05%n/a	-29.67%n/a	n/an/a
Max drawdown duration	MMSC ASCE	13d19d	84dn/a	280dn/a	n/an/a

Trading data

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	MMSC	ASCE
Last sale 6/18/2026 at 1:30 PM	$28.66	$34.66
Previous close 06/18/2026	$27.97	$33.96
Consolidated volume 06/18/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 6/18/2026 at 1:30 PM

Live

Closed

	MMSC	ASCE
Last price	$28.66	$34.66
1D performance	+2.47%	+2.05%
AuM	$53.06 M	$101.84 M
E/R	0.95%	0.38%

Characteristics

	MMSC	ASCE
Management strategy	Active	Active
Provider	First Trust	Allspring
Benchmark	-	-
N° of holdings	170	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

86.77%

Other

13.23%

ASCE

USA

82.23%

Other

17.77%

Sectors

MMSC

Information Techn.

20.54%

Industrials

19.24%

Health Care

17.86%

Consumer Discreti.

8.3%

Other

34.06%

ASCE

Information Techn.

19.39%

Financials

14.68%

Industrials

13.93%

Health Care

11.59%

Consumer Discreti.

8.09%

Materials

7.1%

Other

25.22%

Diversification

MMSC

Total weight of top 15 holdings out of 15

19.21%

ASCE

Total weight of top 15 holdings out of 15

40.96%

Top 15 holdings

Data as of April 30, 2026

MMSC

BLOOM ENERGY CORP

2.46%

NLIGHT INC

1.56%

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC

1.55%

FABRINET

1.44%

FIRSTCASH HOLDINGS INC

1.33%

PLANET LABS PBC

1.26%

CREDO TECHNOLOGY GROUP HOLDING

1.24%

LUMENTUM HOLDINGS

1.14%

VSE

1.11%

POWELL INDUSTRIES

1.10%

EZCORP CL A NV

1.03%

US74006W2070

1.01%

SOLARIS OILFIELD INFRASTRUCTURE

1.01%

TRAVERE THERAPEUTICS INC

0.99%

ENCORE CAPITAL GROUP

0.98%

ASCE

POWELL INDUSTRIES

3.29%

STONEX GROUP INC

3.26%

EMCOR GROUP

3.08%

FABRINET

3.02%

TEEKAY

2.92%

DIGITALOCEAN HOLDINGS

2.87%

CARPENTER TECHNOLOGY

2.75%

BLUE BIRD CORP

2.64%

ONTO INNOVATION INC

2.63%

TTM TECHNOLOGIES

2.49%

CREDO TECHNOLOGY GROUP HOLDING

2.46%

UTD THERAPEUT

2.45%

BRIGHTSPHERE INVESTMENT GROUP

2.41%

CENTURY ALUMINUM

2.37%

EXELIXIS

2.32%

Frequently asked questions about MMSC and ASCE

How have the MMSC and ASCE ETFs performed in 2026?

As of June 19, 2026, MMSC is up 19.86% year-to-date (YTD), while ASCE has returned 29.16%. 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 +$8M in flows, compared to +$48M for ASCE.

Which ETF is bigger: MMSC or ASCE?

As of June 19, 2026, MMSC holds $53.06 M in assets under management (AUM), while ASCE manages $101.84 M.

What sectors do the MMSC and ASCE ETFs invest in?

MMSC leans toward sectors like Information Technology, Industrials and Health Care. 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 BLOOM ENERGY CORP, NLIGHT INC and MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC. ASCE holds in its top three: POWELL INDUSTRIES, STONEX GROUP INC and EMCOR GROUP.

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 June 19, 2026, MMSC is up 19.86% year-to-date (YTD), while ASCE has returned 29.16%. 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 +$8M in flows, compared to +$48M for ASCE.

Which ETF is bigger: MMSC or ASCE?

As of June 19, 2026, MMSC holds $53.06 M in assets under management (AUM), while ASCE manages $101.84 M.

What sectors do the MMSC and ASCE ETFs invest in?

MMSC leans toward sectors like Information Technology, Industrials and Health Care. 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 BLOOM ENERGY CORP, NLIGHT INC and MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC. ASCE holds in its top three: POWELL INDUSTRIES, STONEX GROUP INC and EMCOR GROUP.

Which ETF is more diversified: MMSC or ASCE?

MMSC holds 204 securities with 19.21% of its assets in the top 15. ASCE has 45 securities and a top 15 weight of 40.96%.

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