MMSCvsDWASETF Comparison
ETF 1
MMSC
First Trust Multi-Manager Small Cap Opportunities ETF
This fund is part of
US Small Cap Growth
-0.65%
VS
First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) belongs to the US Small Cap Growth segment. Invesco DWA SmallCap Momentum ETF (DWAS) is part of the US Multi-Factor segment. MMSC's top 3 sector exposures are Healthcare, Technology and Industrials. In contrast, DWAS's top sector exposures are Healthcare, Technology and Finance. MMSC is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.6% for DWAS. MMSC is up 13.06% year-to-date (YTD) with +$9M in YTD flows. DWAS performs worse with 11.78% YTD performance, and -$401M in YTD flows. Run a side-by-side ETF comparison of MMSC and DWAS 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 DWAS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMSC DWAS | -5.60%-9.53% | -3.12%-9.82% | +13.06%+11.78% | +18.74%+19.90% | +68.48%+39.88% | n/a+30.33% |
| Flows | MMSC DWAS | +$1M-$14M | +$1M+$26M | +$9M-$401M | +$17M-$400M | +$32M-$511M | --$213M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMSC DWAS | +20.46%+28.04% | +24.02%+26.01% | +22.99%+25.29% | n/a+25.74% |
| Max drawdown | MMSC DWAS | -9.83%-15.46% | -14.05%-15.46% | -29.67%-33.75% | n/a-33.75% |
| Max drawdown duration | MMSC DWAS | 73d76d | 84d76d | 280d436d | n/a436d |
Trading data
MMSC | DWAS | |
Last sale 9/15/2026 at 3:34 PM | $26.61 | $106.91 |
| Previous close 09/14/2026 | $27.02 | $108.11 |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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MMSC
is actively managed and doesn’t replicate an indexMMSC | DWAS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/15/2026 at 3:34 PM
Live
Closed
MMSC | DWAS | |
|---|---|---|
| Last price | $26.61 | $106.91 |
| 1D performance | -1.53% | -1.11% |
| AuM | $51.40 M | $408.83 M |
| E/R | 0.95% | 0.6% |
Characteristics
MMSC | DWAS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | Invesco |
| Benchmark | - | Dorsey Wright SmallCap Technical Leaders Index |
| N° of holdings | 200 | 200 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2021 | July 19, 2012 |
| ESG | No | No |
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Exposure
Countries
MMSC
USA
89.5%
Other
10.5%
DWAS
USA
99.55%
Other
0.45%
Sectors
MMSC
Healthcare
26.46%
Technology
22.84%
Industrials
17.17%
Finance
10.91%
Other
22.62%
DWAS
Healthcare
28.46%
Technology
19.02%
Finance
14.73%
Industrials
14.3%
Other
23.5%
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Diversification
MMSC
Total weight of top 15 holdings out of 15
18.2%
DWAS
Total weight of top 15 holdings out of 15
18.63%
Top 15 holdings
Data as of July 31, 2026
MMSC
Twist Bioscience Corp.
1.86%
Travere Therapeutics, Inc.
1.49%
Xometry, Inc.
1.44%
JFrog Ltd.
1.35%
Guardant Health, Inc.
1.28%
Zeta Global Holdings Corp.
1.23%
VSE Corp.
1.20%
Spyre Therapeutics, Inc.
1.19%
FirstCash Holdings, Inc.
1.18%
Praxis Precision Medicines, Inc.
1.10%
Protagonist Therapeutics, Inc.
1.02%
Karman Holdings, Inc.
0.98%
Ligand Pharmaceuticals, Inc.
0.96%
nLIGHT, Inc.
0.96%
Halozyme Therapeutics, Inc.
0.96%
DWAS
Sezzle, Inc.
1.84%
Erasca, Inc.
1.72%
Enova International, Inc.
1.52%
Agilon Health, Inc.
1.34%
Tango Therapeutics, Inc.
1.31%
Amneal Pharmaceuticals, Inc.
1.30%
Bel Fuse, Inc.
1.27%
Oruka Therapeutics, Inc.
1.15%
Graham Corp.
1.11%
Climb Bio, Inc.
1.11%
Acadian Asset Management, Inc.
1.05%
Frequency Electronics, Inc.
1.04%
Perimeter Solutions, Inc.
0.98%
MYR Group, Inc.
0.95%
Liquidia Corp.
0.95%
Frequently asked questions about MMSC and DWAS
How have the MMSC and DWAS ETFs performed in 2026?
As of September 11, 2026, MMSC is up 13.06% year-to-date (YTD), while DWAS has returned 11.78%. That puts MMSC better performer ahead so far this year.
Which ETF is attracting more investor money: MMSC or DWAS?
Year-to-date, the MMSC ETF saw +$9M in flows, compared to -$401M for DWAS.
Which ETF is more volatile: MMSC or DWAS?
Over the past year, MMSC had a volatility of 24.02%, while DWAS experienced 26.01%.
Which ETF is bigger: MMSC or DWAS?
As of September 11, 2026, MMSC holds $51.40 M in assets under management (AUM), while DWAS manages $408.83 M.
What sectors do the MMSC and DWAS ETFs invest in?
MMSC leans toward sectors like Healthcare, Technology and Industrials. Meanwhile, DWAS focuses on Healthcare, Technology and Finance.
What are the top holdings of the MMSC ETF and DWAS ETF?
MMSC top holdings include Twist Bioscience Corp., Travere Therapeutics, Inc. and Xometry, Inc.. DWAS holds in its top three: Sezzle, Inc., Erasca, Inc. and Enova International, Inc..
Which ETF is more diversified: MMSC or DWAS?
MMSC holds 200 securities with 18.2% of its assets in the top 15. DWAS has 200 securities and a top 15 weight of 18.63%.
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