MMSCvsFNYETF Comparison
ETF 1
MMSC
First Trust Multi-Manager Small Cap Opportunities ETF
This fund is part of
US Small Cap Growth
-0.14%
VS
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 Healthcare, Technology and Industrials. In contrast, FNY's top sector exposures are Healthcare, Industrials and Technology. MMSC is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.73% for FNY. MMSC is up 11.83% year-to-date (YTD) with +$11M in YTD flows. FNY performs worse with 8.15% YTD performance, and +$58M 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
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMSC FNY | -8.46%-8.62% | -5.86%-8.09% | +11.83%+8.15% | +17.91%+9.21% | +69.52%+58.32% | n/a+33.20% |
| Flows | MMSC FNY | +$3M+$5M | +$3M+$27M | +$11M+$58M | +$19M+$77M | +$33M+$120M | -+$3M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMSC FNY | +20.35%+18.65% | +24.01%+21.21% | +23.01%+21.07% | n/a+22.51% |
| Max drawdown | MMSC FNY | -9.83%-11.05% | -14.05%-12.05% | -29.67%-24.97% | n/a-33.90% |
| Max drawdown duration | MMSC FNY | 77d77d | 84d84d | 280d275d | n/a1045d |
Trading data
MMSC | FNY | |
Last sale 9/17/2026 at 2:12 PM | $27.22 | $98.70 |
| Previous close 09/16/2026 | $26.75 | $98.51 |
| Consolidated volume 09/16/2026 | ||
| 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 | FNY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 2:12 PM
Live
Closed
MMSC | FNY | |
|---|---|---|
| Last price | $27.22 | $98.70 |
| 1D performance | +1.76% | +0.19% |
| AuM | $52.19 M | $556.77 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 | 200 | 224 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2021 | April 19, 2011 |
| ESG | No | No |
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Exposure
Countries
MMSC
USA
89.5%
Other
10.5%
FNY
USA
98.66%
Other
1.34%
Sectors
MMSC
Healthcare
26.46%
Technology
22.84%
Industrials
17.17%
Finance
10.91%
Other
22.62%
FNY
Healthcare
22.7%
Industrials
19.51%
Technology
17.34%
Finance
16.74%
Other
23.71%
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Diversification
MMSC
Total weight of top 15 holdings out of 15
18.2%
FNY
Total weight of top 15 holdings out of 15
12.39%
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%
Halozyme Therapeutics, Inc.
0.96%
Ligand Pharmaceuticals, Inc.
0.96%
nLIGHT, Inc.
0.96%
FNY
Zeta Global Holdings Corp.
0.88%
H&R Block, Inc.
0.87%
Corcept Therapeutics, Inc.
0.87%
Guardant Health, Inc.
0.87%
Tutor Perini Corp.
0.85%
Etsy, Inc.
0.84%
Halozyme Therapeutics, Inc.
0.84%
Glaukos Corp.
0.82%
Frontdoor, Inc.
0.82%
Victoria's Secret & Co.
0.81%
Amneal Pharmaceuticals, Inc.
0.81%
PACS Group, Inc.
0.80%
Enova International, Inc.
0.77%
Coca-Cola Consolidated, Inc.
0.77%
Madison Square Garden Sports Corp.
0.77%
Frequently asked questions about MMSC and FNY
How have the MMSC and FNY ETFs performed in 2026?
As of September 15, 2026, MMSC is up 11.83% year-to-date (YTD), while FNY has returned 8.15%. 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 +$11M in flows, compared to +$58M for FNY.
Which ETF is more volatile: MMSC or FNY?
Over the past year, MMSC had a volatility of 24.01%, while FNY experienced 21.21%.
Which ETF is bigger: MMSC or FNY?
As of September 15, 2026, MMSC holds $52.19 M in assets under management (AUM), while FNY manages $556.77 M.
What sectors do the MMSC and FNY ETFs invest in?
MMSC leans toward sectors like Healthcare, Technology and Industrials. Meanwhile, FNY focuses on Healthcare, Industrials and Technology.
What are the top holdings of the MMSC ETF and FNY ETF?
MMSC top holdings include Twist Bioscience Corp., Travere Therapeutics, Inc. and Xometry, Inc.. FNY holds in its top three: Zeta Global Holdings Corp., H&R Block, Inc. and Corcept Therapeutics, Inc..
Which ETF is more diversified: MMSC or FNY?
MMSC holds 200 securities with 18.2% of its assets in the top 15. FNY has 224 securities and a top 15 weight of 12.39%.
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