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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

+2.1%

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

+1.37%

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 Information Technology, Industrials and Health Care. In contrast, FNY's top sector exposures are Industrials, Information Technology and Health Care. MMSC is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.73% for FNY. MMSC is up 16.96% year-to-date (YTD) with +$8M in YTD flows. FNY performs worse with 16.19% YTD performance, and +$31M 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 06/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MMSC FNY	+5.26%+6.41%	+15.96%+14.75%	+16.96%+16.19%	+41.28%+33.02%	+77.63%+70.36%	n/a+47.50%
Flows	MMSC FNY	-+$6M	+$1M+$21M	+$8M+$31M	+$15M+$80M	+$31M+$116M	--$5M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MMSC FNY	+28.04%+24.57%	+23.29%+20.52%	+22.69%+20.81%	n/a+22.47%
Max drawdown	MMSC FNY	-7.47%-6.01%	-14.05%-12.05%	-29.67%-24.97%	n/a-33.90%
Max drawdown duration	MMSC FNY	13d19d	84d84d	280d275d	n/a1045d

Trading data

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	MMSC	FNY
Last sale 6/18/2026 at 1:30 PM	$28.66	$107.94
Previous close 06/18/2026	$27.97	$105.93
Consolidated volume 06/18/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 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 6/18/2026 at 1:30 PM

Live

Closed

	MMSC	FNY
Last price	$28.66	$107.94
1D performance	+2.47%	+1.90%
AuM	$51.78 M	$571.70 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	170	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

86.77%

Other

13.23%

FNY

USA

98.49%

Other

1.51%

Sectors

MMSC

Information Techn.

20.54%

Industrials

19.24%

Health Care

17.86%

Consumer Discreti.

8.3%

Other

34.06%

FNY

Industrials

23.72%

Information Techn.

16.78%

Health Care

15.85%

Consumer Discreti.

11.95%

Financials

7.56%

Other

24.14%

Diversification

MMSC

Total weight of top 15 holdings out of 15

19.21%

FNY

Total weight of top 15 holdings out of 15

14.23%

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%

FNY

SANMINA CORP

1.14%

VICOR

1.10%

VIAVI SOLUTIONS INC

1.10%

TTM TECHNOLOGIES

1.08%

POWELL INDUSTRIES

1.01%

TERAWULF INC

0.98%

VIASAT

0.94%

IES HOLDINGS

0.91%

PLANET LABS PBC

0.87%

STERLING INFRASTRUCTURE INC

0.87%

SITIME CORP

0.86%

DYCOM INDUSTRIES

0.85%

ARGAN

0.85%

US3004261034

0.84%

PRIMORIS SERVICES

0.83%

Frequently asked questions about MMSC and FNY

How have the MMSC and FNY ETFs performed in 2026?

As of June 17, 2026, MMSC is up 16.96% year-to-date (YTD), while FNY has returned 16.19%. 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 +$8M in flows, compared to +$31M for FNY.

Which ETF is more volatile: MMSC or FNY?

Over the past year, MMSC had a volatility of 23.29%, while FNY experienced 20.52%.

Which ETF is bigger: MMSC or FNY?

As of June 17, 2026, MMSC holds $51.78 M in assets under management (AUM), while FNY manages $571.70 M.

What sectors do the MMSC and FNY ETFs invest in?

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

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

MMSC top holdings include BLOOM ENERGY CORP, NLIGHT INC and MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC. FNY holds in its top three: SANMINA CORP, VICOR and VIAVI SOLUTIONS INC.

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 June 17, 2026, MMSC is up 16.96% year-to-date (YTD), while FNY has returned 16.19%. 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 +$8M in flows, compared to +$31M for FNY.

Which ETF is more volatile: MMSC or FNY?

Over the past year, MMSC had a volatility of 23.29%, while FNY experienced 20.52%.

Which ETF is bigger: MMSC or FNY?

As of June 17, 2026, MMSC holds $51.78 M in assets under management (AUM), while FNY manages $571.70 M.

What sectors do the MMSC and FNY ETFs invest in?

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

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

MMSC top holdings include BLOOM ENERGY CORP, NLIGHT INC and MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC. FNY holds in its top three: SANMINA CORP, VICOR and VIAVI SOLUTIONS INC.

Which ETF is more diversified: MMSC or FNY?

MMSC holds 204 securities with 19.21% of its assets in the top 15. FNY has 225 securities and a top 15 weight of 14.23%.

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