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MMSCvsFNYETF Comparison

ETF 1

MMSC

First Trust Multi-Manager Small Cap Opportunities ETF

This fund is part of

US Small Cap Growth

+0.6%

Full MMSC fund page

VS

ETF 2

FNY

First Trust Mid Cap Growth AlphaDEX Fund ETF

This fund is part of

US Mid Cap Growth

+0.17%

Full FNY fund page

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) belongs to the US Small Cap Growth segment. First Trust Mid Cap Growth AlphaDEX Fund ETF (FNY) is part of the US Mid Cap Growth segment. MMSC's top 3 sector exposures are Health Care, Information Technology and Industrials. In contrast, FNY's top sector exposures are Industrials, Health Care and Information Technology. MMSC is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.73% for FNY. MMSC is up 12.28% year-to-date (YTD) with +$6M in YTD flows. FNY performs worse with 10.43% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of MMSC and FNY 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 FNY 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 04/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MMSC FNY	+18.82%+15.65%	+6.67%+6.23%	+12.28%+10.43%	+46.05%+35.38%	+79.96%+70.62%	n/a+44.88%
Flows	MMSC FNY	-$1M-$19M	+$4M-$10M	+$6M+$5M	+$12M+$38M	+$30M+$81M	--$38M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MMSC FNY	+28.25%+24.16%	+22.18%+19.60%	+22.19%+20.51%	n/a+22.48%
Max drawdown	MMSC FNY	-12.32%-11.58%	-14.05%-12.05%	-29.67%-24.97%	n/a-33.90%
Max drawdown duration	MMSC FNY	63d49d	84d84d	280d275d	n/a1045d

Trading data

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	MMSC	FNY
Last sale 5/1/2026 at 1:30 PM	$26.88	$100.55
Previous close 04/29/2026	$26.86	$100.66
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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MMSC

is actively managed and doesn’t replicate an index

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	MMSC	FNY
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/1/2026 at 1:30 PM

Live

Closed

	MMSC	FNY
Last price	$26.88	$100.55
1D performance	+0.07%	-0.11%
AuM	$48.36 M	$518.20 M
E/R	0.95%	0.73%

Characteristics

	MMSC	FNY
Management strategy	Active	Passive
Provider	First Trust	First Trust
Benchmark	-	NASDAQ AlphaDEX Mid Cap Growth Index
N° of holdings	176	206
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 14, 2021	April 19, 2011
ESG	No	No

More MMSC data on Trackinsight

More FNY data on Trackinsight

Exposure

Countries

MMSC

USA

84.36%

Other

15.64%

FNY

USA

96.93%

Other

3.07%

Sectors

MMSC

Health Care

18.88%

Information Techn.

18.71%

Industrials

18.37%

Consumer Discreti.

8.97%

Other

35.07%

FNY

Industrials

20.95%

Health Care

17.95%

Information Techn.

13.4%

Consumer Discreti.

12.18%

Financials

7.53%

Other

27.99%

Diversification

MMSC

Total weight of top 15 holdings out of 15

17.39%

FNY

Total weight of top 15 holdings out of 15

15.27%

Top 15 holdings

Data as of March 31, 2026

MMSC

FABRINET

1.50%

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC

1.39%

VSE

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%

TECHNIPFMC PLC

1.03%

LUMENTUM HOLDINGS

1.03%

ENCORE CAPITAL GROUP

1.02%

RBC BEARINGS

1.00%

US4859241048

0.93%

POWELL INDUSTRIES

0.93%

FNY

LUMENTUM HOLDINGS

1.54%

CIENA

1.31%

BLOOM ENERGY CORP

1.13%

US3004261034

1.08%

TTM TECHNOLOGIES

1.04%

US65290E1010

1.02%

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC

0.99%

ATI INC

0.98%

IES HOLDINGS

0.92%

FIVE BELOW

0.92%

NEW YORK TIMES

0.91%

PRIMORIS SERVICES

0.90%

AST SPACEMOBILE

0.86%

ENSIGN GROUP

0.85%

ECHOSTAR

0.82%

Frequently asked questions about MMSC and FNY

How have the MMSC and FNY ETFs performed in 2026?

As of April 30, 2026, MMSC is up 12.28% year-to-date (YTD), while FNY has returned 10.43%. That puts MMSC better performer ahead so far this year.

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

Year-to-date, the MMSC ETF saw +$6M in flows, compared to +$5M for FNY.

Which ETF is more volatile: MMSC or FNY?

Over the past year, MMSC had a volatility of 22.18%, while FNY experienced 19.6%.

Which ETF is bigger: MMSC or FNY?

As of April 30, 2026, MMSC holds $48.36 M in assets under management (AUM), while FNY manages $518.20 M.

What sectors do the MMSC and FNY ETFs invest in?

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

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

MMSC top holdings include FABRINET, MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC and VSE. FNY holds in its top three: LUMENTUM HOLDINGS, CIENA and BLOOM ENERGY CORP.

MMSCvsFNYETF Comparison

First Trust Multi-Manager Small Cap Opportunities ETF

First Trust Mid Cap Growth AlphaDEX Fund ETF

MMSC vs FNY 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 FNY ETFs performed in 2026?

As of April 30, 2026, MMSC is up 12.28% year-to-date (YTD), while FNY has returned 10.43%. That puts MMSC better performer ahead so far this year.

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

Year-to-date, the MMSC ETF saw +$6M in flows, compared to +$5M for FNY.

Which ETF is more volatile: MMSC or FNY?

Over the past year, MMSC had a volatility of 22.18%, while FNY experienced 19.6%.

Which ETF is bigger: MMSC or FNY?

As of April 30, 2026, MMSC holds $48.36 M in assets under management (AUM), while FNY manages $518.20 M.

What sectors do the MMSC and FNY ETFs invest in?

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

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

MMSC top holdings include FABRINET, MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC and VSE. FNY holds in its top three: LUMENTUM HOLDINGS, CIENA and BLOOM ENERGY CORP.

Which ETF is more diversified: MMSC or FNY?

MMSC holds 209 securities with 17.39% of its assets in the top 15. FNY has 224 securities and a top 15 weight of 15.27%.

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