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MMLG vs IWP

First Trust Multi-Manager Large Growth ETF vs iShares Russell Mid-Cap Growth ETF

MMLG

First Trust Multi-Manager Large Growth ETF

First Trust

Annual cost

0.85%

Fund size

$88M

IWP

iShares Russell Mid-Cap Growth ETF

iShares

Annual cost

0.23%

Fund size

$19.6B

Key differences

  • IWP costs 0.62% less per year.
  • IWP is significantly larger than MMLG — larger funds tend to be more liquid and less likely to close.
  • MMLG follows a active selection strategy; IWP uses index tracking.
  • Over the last 3 years, MMLG has delivered higher annualized returns.
  • IWP has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MMLGIWP
Annual cost (TER)0.85%0.23%
Fund size (AUM)$88M$19.6B
Since20202001
Dividend yield0.00%0.34%
Asset classequityequity
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+17.2%+7.1%
CAGR 3Y+22.7%+16.3%
CAGR 5Y+8.5%+7.0%
Sharpe 3Y0.900.70
Volatility 1Y18.13%16.54%
Max drawdown-45.97%-38.62%

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

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