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MMSCvsFNYETF Comparison
First Trust Multi-Manager Small Cap Opportunities ETF
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 Consumer Discretionary. MMSC is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.73% for FNY. MMSC is down -0.78% year-to-date (YTD) with +$6M in YTD flows. FNY performs better with -0.47% YTD performance, and +$15M 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.
MMSC vs FNY performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMSC FNY | -4.16%-4.55% | -2.49%-2.53% | -0.78%-0.47% | +29.87%+23.12% | +66.42%+60.65% | n/a+32.13% |
| Flows | MMSC FNY | +$3M-$5M | +$6M+$15M | +$6M+$15M | +$13M+$18M | +$31M+$91M | --$99M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMSC FNY | +23.10%+19.88% | +25.85%+23.49% | +21.72%+20.24% | n/a+22.44% |
| Max drawdown | MMSC FNY | -9.75%-8.32% | -16.88%-14.88% | -29.67%-24.97% | n/a-33.90% |
| Max drawdown duration | MMSC FNY | 49d49d | 46d46d | 280d275d | n/a1045d |
MMSC | FNY | |
Last sale 3/12/2026 at 1:30 PM | $23.76 | $90.14 |
| Previous close 03/12/2026 | $24.49 | $90.70 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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MMSC | FNY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
MMSC | FNY | |
|---|---|---|
| Last price | $23.76 | $90.14 |
| 1D performance | -2.98% | -0.62% |
| AuM | $42.74 M | $471.61 M |
| E/R | 0.95% | 0.73% |
MMSC | FNY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | First Trust |
| Benchmark | - | NASDAQ AlphaDEX Mid Cap Growth Index |
| N° of holdings | 172 | 206 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2021 | April 19, 2011 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the MMSC and FNY ETFs performed in 2026?
As of March 12, 2026, MMSC is down -0.78% year-to-date (YTD), while FNY has lost -0.47%. That puts FNY 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 +$15M for FNY.
Which ETF is more volatile: MMSC or FNY?
Over the past year, MMSC had a volatility of 25.85%, while FNY experienced 23.49%.
Which ETF is bigger: MMSC or FNY?
As of March 12, 2026, MMSC holds $42.74 M in assets under management (AUM), while FNY manages $471.61 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 Consumer Discretionary.
What are the top holdings of the MMSC ETF and FNY ETF?
MMSC top holdings include MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC, VSE and FABRINET. FNY holds in its top three: BLOOM ENERGY CORP, AST SPACEMOBILE and TTM TECHNOLOGIES.
Which ETF is more diversified: MMSC or FNY?
MMSC holds 197 securities with 18.21% of its assets in the top 15. FNY has 224 securities and a top 15 weight of 13.29%.
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