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MMLG vs IWO

First Trust Multi-Manager Large Growth ETF vs iShares Russell 2000 Growth ETF

MMLG

First Trust Multi-Manager Large Growth ETF

First Trust

Annual cost

0.85%

Fund size

$88M

IWO

iShares Russell 2000 Growth ETF

iShares

Annual cost

0.24%

Fund size

$13.9B

Key differences

  • IWO costs 0.61% less per year.
  • IWO is significantly larger than MMLG — larger funds tend to be more liquid and less likely to close.
  • MMLG follows a active selection strategy; IWO uses index tracking.
  • Over the last 3 years, MMLG has delivered higher annualized returns.
  • IWO has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MMLGIWO
Annual cost (TER)0.85%0.24%
Fund size (AUM)$88M$13.9B
Since20202000
Dividend yield0.00%0.42%
Asset classequityequity
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+17.2%+40.1%
CAGR 3Y+22.7%+18.8%
CAGR 5Y+8.5%+5.9%
Sharpe 3Y0.900.72
Volatility 1Y18.13%21.33%
Max drawdown-45.97%-42.01%

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

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