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MMLG vs FAD

First Trust Multi-Manager Large Growth ETF vs First Trust Multi Cap Growth AlphaDEX Fund

MMLG

First Trust Multi-Manager Large Growth ETF

First Trust

Annual cost

0.85%

Fund size

$88M

FAD

First Trust Multi Cap Growth AlphaDEX Fund

First Trust

Annual cost

0.63%

Fund size

$480M

Key differences

  • FAD costs 0.22% less per year.
  • FAD is significantly larger than MMLG — larger funds tend to be more liquid and less likely to close.
  • MMLG follows a active selection strategy; FAD uses index tracking.
  • Over the last 3 years, FAD has delivered higher annualized returns.
  • FAD has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MMLGFAD
Annual cost (TER)0.85%0.63%
Fund size (AUM)$88M$480M
Since20202007
Dividend yield0.00%0.10%
Asset classequityequity
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+17.2%+34.2%
CAGR 3Y+22.7%+24.0%
CAGR 5Y+8.5%+11.7%
Sharpe 3Y0.901.04
Volatility 1Y18.13%18.41%
Max drawdown-45.97%-37.25%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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