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MMLG vs IWY

First Trust Multi-Manager Large Growth ETF vs iShares Russell Top 200 Growth ETF

MMLG

First Trust Multi-Manager Large Growth ETF

First Trust

Annual cost

0.85%

Fund size

$88M

IWY

iShares Russell Top 200 Growth ETF

iShares

Annual cost

0.20%

Fund size

$16.5B

Key differences

  • IWY costs 0.65% less per year.
  • IWY is significantly larger than MMLG — larger funds tend to be more liquid and less likely to close.
  • MMLG follows a active selection strategy; IWY uses index tracking.
  • Over the last 3 years, IWY has delivered higher annualized returns.
  • IWY has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MMLGIWY
Annual cost (TER)0.85%0.20%
Fund size (AUM)$88M$16.5B
Since20202009
Dividend yield0.00%0.35%
Asset classequityequity
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+17.2%+28.6%
CAGR 3Y+22.7%+27.2%
CAGR 5Y+8.5%+16.7%
Sharpe 3Y0.901.16
Volatility 1Y18.13%15.63%
Max drawdown-45.97%-32.68%

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

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