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MMSC vs FTLS

First Trust Multi-Manager Small Cap Opportunities ETF vs First Trust Long/Short Equity ETF

MMSC

First Trust Multi-Manager Small Cap Opportunities ETF

First Trust

Annual cost

0.95%

Fund size

$48M

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

Key differences

  • MMSC costs 0.43% less per year.
  • FTLS is significantly larger than MMSC — larger funds tend to be more liquid and less likely to close.
  • MMSC is classified as equity, while FTLS is alternative — different risk/return profiles.
  • MMSC follows a index tracking strategy; FTLS uses long short.
  • Over the last 3 years, MMSC has delivered higher annualized returns.
  • FTLS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MMSCFTLS
Annual cost (TER)0.95%1.38%
Fund size (AUM)$48M$2.3B
Since20212014
Dividend yield0.00%0.91%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackinglong short
CAGR 1Y+45.2%+15.7%
CAGR 3Y+22.8%+14.8%
CAGR 5YN/A+10.5%
Sharpe 3Y0.881.09
Volatility 1Y22.29%8.19%
Max drawdown-40.82%-20.54%

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

Similar to MMSC and FTLS