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MMLG vs FNY

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

MMLG

First Trust Multi-Manager Large Growth ETF

First Trust

Annual cost

0.85%

Fund size

$88M

FNY

First Trust Mid Cap Growth AlphaDEX Fund

First Trust

Annual cost

0.73%

Fund size

$518M

Key differences

  • FNY costs 0.12% less per year.
  • FNY is significantly larger than MMLG — larger funds tend to be more liquid and less likely to close.
  • MMLG follows a active selection strategy; FNY uses index tracking.
  • Over the last 3 years, MMLG has delivered higher annualized returns.
  • FNY has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MMLGFNY
Annual cost (TER)0.85%0.73%
Fund size (AUM)$88M$518M
Since20202011
Dividend yield0.00%0.03%
Asset classequityequity
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+17.2%+31.0%
CAGR 3Y+22.7%+20.1%
CAGR 5Y+8.5%+9.2%
Sharpe 3Y0.900.82
Volatility 1Y18.13%19.81%
Max drawdown-45.97%-38.91%

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

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