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MMSCvsIWOETF Comparison
First Trust Multi-Manager Small Cap Opportunities ETF
First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and iShares Russell 2000 Growth ETF (IWO) belong to the same industry segment: US Small Cap Growth. Both ETFs have the same top 3 sector exposures: Health Care, Information Technology and Industrials. MMSC is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.24% for IWO. MMSC is down -0.78% year-to-date (YTD) with +$6M in YTD flows. IWO performs worse with -2.44% YTD performance, and -$617M in YTD flows. Run a side-by-side ETF comparison of MMSC and IWO 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 IWO performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMSC IWO | -4.16%-5.79% | -2.49%-3.88% | -0.78%-2.44% | +29.87%+24.59% | +66.42%+48.10% | n/a+2.09% |
| Flows | MMSC IWO | +$3M-$70M | +$6M-$570M | +$6M-$617M | +$13M-$776M | +$31M-$664M | --$569M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMSC IWO | +23.10%+21.24% | +25.85%+25.07% | +21.72%+22.18% | n/a+24.57% |
| Max drawdown | MMSC IWO | -9.75%-10.83% | -16.88%-17.18% | -29.67%-28.47% | n/a-40.45% |
| Max drawdown duration | MMSC IWO | 49d50d | 46d46d | 280d280d | n/a1409d |
MMSC | IWO | |
Last sale 3/13/2026 at 1:30 PM | $23.60 | $315.18 |
| Previous close 03/12/2026 | $23.76 | $316.45 |
| 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 | IWO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
MMSC | IWO | |
|---|---|---|
| Last price | $23.60 | $315.18 |
| 1D performance | -0.69% | -0.40% |
| AuM | $42.74 M | $12.34 B |
| E/R | 0.95% | 0.24% |
MMSC | IWO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | iShares |
| Benchmark | - | Russell 2000 Growth Index |
| N° of holdings | 172 | 906 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2021 | July 24, 2000 |
| 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 IWO ETFs performed in 2026?
As of March 12, 2026, MMSC is down -0.78% year-to-date (YTD), while IWO has lost -2.44%. That puts MMSC better performer ahead so far this year.
Which ETF is attracting more investor money: MMSC or IWO?
Year-to-date, the MMSC ETF saw +$6M in flows, compared to -$617M for IWO.
Which ETF is more volatile: MMSC or IWO?
Over the past year, MMSC had a volatility of 25.85%, while IWO experienced 25.07%.
Which ETF is bigger: MMSC or IWO?
As of March 12, 2026, MMSC holds $42.74 M in assets under management (AUM), while IWO manages $12.34 B.
What sectors do the MMSC and IWO ETFs invest in?
MMSC leans toward sectors like Health Care, Information Technology and Industrials. Meanwhile, IWO focuses on Health Care, Information Technology and Industrials.
What are the top holdings of the MMSC ETF and IWO ETF?
MMSC top holdings include MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC, VSE and GUARDANT HEALTH INC. IWO holds in its top three: BLOOM ENERGY CORP, CREDO TECHNOLOGY GROUP HOLDING and KRATOS DEFENSE AND SECURITY SOLS.
Which ETF is more diversified: MMSC or IWO?
MMSC holds 197 securities with 18.21% of its assets in the top 15. IWO has 1094 securities and a top 15 weight of 13.7%.
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