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MMSCvsSPITETF 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

SPIT

F/m Emerald Special Situations ETF

This fund is part of

US Multi-Factor

+0.09%

Full SPIT fund page

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) belongs to the US Small Cap Growth segment. F/m Emerald Special Situations ETF (SPIT) is part of the US Multi-Factor segment. MMSC's top 3 sector exposures are Health Care, Information Technology and Industrials. In contrast, SPIT's top sector exposures are Information Technology, Health Care and Industrials. MMSC is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.89% for SPIT. MMSC is up 12.28% year-to-date (YTD) with +$6M in YTD flows. SPIT performs better with 21.95% YTD performance, and +$7M in YTD flows. Run a side-by-side ETF comparison of MMSC and SPIT 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 SPIT 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 SPIT	+18.82%+18.40%	+6.67%+13.21%	+12.28%+21.95%	+46.05%n/a	+79.96%n/a	n/an/a
Flows	MMSC SPIT	-$1M+$1M	+$4M+$3M	+$6M+$7M	+$12M-	+$30M-	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MMSC SPIT	+28.25%+30.43%	+22.18%n/a	+22.19%n/a	n/an/a
Max drawdown	MMSC SPIT	-12.32%-12.47%	-14.05%n/a	-29.67%n/a	n/an/a
Max drawdown duration	MMSC SPIT	63d47d	84dn/a	280dn/a	n/an/a

Trading data

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	MMSC	SPIT
Last sale 5/1/2026 at 1:30 PM	$26.88	$31.64
Previous close 04/29/2026	$26.86	$31.29
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

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

Live

Closed

	MMSC	SPIT
Last price	$26.88	$31.64
1D performance	+0.07%	+1.12%
AuM	$48.36 M	$29.58 M
E/R	0.95%	0.89%

Characteristics

	MMSC	SPIT
Management strategy	Active	Active
Provider	First Trust	Emerald Group
Benchmark	-	-
N° of holdings	176	46
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	October 14, 2021	October 3, 2025
ESG	No	No

More MMSC data on Trackinsight

More SPIT data on Trackinsight

Exposure

Countries

MMSC

USA

84.36%

Other

15.64%

SPIT

USA

87.34%

Other

12.66%

Sectors

MMSC

Health Care

18.88%

Information Techn.

18.71%

Industrials

18.37%

Consumer Discreti.

8.97%

Other

35.07%

SPIT

Information Techn.

21.54%

Health Care

18.85%

Industrials

17.65%

Energy

13.35%

Other

28.61%

Diversification

MMSC

Total weight of top 15 holdings out of 15

17.39%

SPIT

Total weight of top 15 holdings out of 15

47.37%

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%

SPIT

TETRA TECHNOLOGIES

4.80%

CREDO TECHNOLOGY GROUP HOLDING

4.01%

GUARDANT HEALTH INC

3.60%

LUMENTUM HOLDINGS

3.59%

EXCELERATE ENERGY INC

3.33%

BLOOM ENERGY CORP

3.20%

LIVANOVA

3.06%

ARLO TECHNOLOGIES INC

3.04%

SOLARIS OILFIELD INFRASTRUCTURE

3.03%

US6402683063

2.94%

MODINE MNFC CO

2.73%

US14154A1025

2.73%

BIOGEN INC

2.58%

AMERICAN SUPERCONDUCTOR

2.43%

MICHAEL STORES

2.30%

Frequently asked questions about MMSC and SPIT

How have the MMSC and SPIT ETFs performed in 2026?

As of April 30, 2026, MMSC is up 12.28% year-to-date (YTD), while SPIT has returned 21.95%. That puts SPIT better performer ahead so far this year.

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

Year-to-date, the MMSC ETF saw +$6M in flows, compared to +$7M for SPIT.

Which ETF is bigger: MMSC or SPIT?

As of April 30, 2026, MMSC holds $48.36 M in assets under management (AUM), while SPIT manages $29.58 M.

What sectors do the MMSC and SPIT ETFs invest in?

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

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

MMSC top holdings include FABRINET, MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC and VSE. SPIT holds in its top three: TETRA TECHNOLOGIES, CREDO TECHNOLOGY GROUP HOLDING and GUARDANT HEALTH INC.

MMSCvsSPITETF Comparison

First Trust Multi-Manager Small Cap Opportunities ETF

F/m Emerald Special Situations ETF

MMSC vs SPIT 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 SPIT ETFs performed in 2026?

As of April 30, 2026, MMSC is up 12.28% year-to-date (YTD), while SPIT has returned 21.95%. That puts SPIT better performer ahead so far this year.

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

Year-to-date, the MMSC ETF saw +$6M in flows, compared to +$7M for SPIT.

Which ETF is bigger: MMSC or SPIT?

As of April 30, 2026, MMSC holds $48.36 M in assets under management (AUM), while SPIT manages $29.58 M.

What sectors do the MMSC and SPIT ETFs invest in?

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

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

MMSC top holdings include FABRINET, MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC and VSE. SPIT holds in its top three: TETRA TECHNOLOGIES, CREDO TECHNOLOGY GROUP HOLDING and GUARDANT HEALTH INC.

Which ETF is more diversified: MMSC or SPIT?

MMSC holds 209 securities with 17.39% of its assets in the top 15. SPIT has 50 securities and a top 15 weight of 47.37%.

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